C.A.R. Scholarship Foundation Trustees/C.A.R. Education Foundation

C.A.R. Scholarship Foundation Trustees
Hyatt Regency Hotel
Sacramento, California
June 8, 2007

Presiding: Chair Cathlyne Scharetg
Vice Chairs: Mary Jane Cambria and Margaret SvecCALL TO ORDERThe meeting was called to order by Chair Cathlyne Scharetg at 8:00 a.m.ATTENDANCETrustees Present:

Cathlyne Scharetg, Chair
Mary Jane Cambria, Vice Chair
Tom Berge
Yin Bihr
John Chufar
Jackie Crowley
Diane Harrison
Joyce Kristensson
Emily Link
Carol Olney
Tracy ShumardTrustees Absent:

Diane Harrison
Joanna Phillips
Margaret Svec, Vice ChairGuest Present:

Richard Stone, 2007 Committee Liaison
Jim Hamilton, 2005 C.A.R. PresidentStaff Present:

Iqbal Bholat
Shui Yin Cheung
Mary Martinez

APPROVAL OF MINUTESIt was Moved, Seconded, and CARRIED to approve the minutes of the January 19, 2007 meeting.FINANCIAL REVIEWThe Trustees reviewed and accepted financial statements showing the following:

Total Fund Balance as of May 31, 2007………………….……………....$1,105,435
Interest Available for Scholarship Awards………………….…………..........$29,400SCHOLARSHIP AWARDS GRANTEDIt was Moved, Seconded and CARRIED to grant the following Scholarship Awards:

1.    Jeffrey Bowling
       USC
       $1500
       Henry Beaumont Memorial Scholarship

2.    Chuck Blackmoore
       Chabot College
       $500
       Loren Mowrey Memorial Scholarship

3.    Charles Butler
       Victor Valley College
       $1000
       Russ “Roselle” Nadell Scholarship

4.    Sarah Davison
       CSU Long Beach
       $1500
       Glen D. Willaman Memorial Scholarship5.   Farrah Farzaneh
     USC
      $1500
      Vance Otis Memorial Scholarship6.   Essay Fkadu
      Peralta Community
      $500
      Mary L. Vaughan Scholarship

7.   Jeff Frenken
      San Diego State University
      $1500
      Forest and Pearl McKinley Scholarship

8.   Graton Gathright
      UC San Diego
      $1500
      The Anewalt Family Scholarship9.   Anne McClure
      CSU Fresno
      $1500
      Fresno Board of REALTORS® -- Vida Wilke Scholarship10.  Angelica Resendiz
       Long Beach City College
       $1500
       Women’s Council of REALTORS®/Tessie Martinis Scholarship11.  Tina Takieddine
       Cerritos College
       $500
       Joe Carnahan Honorary Scholarship
 
APPLICATIONS NOT SELECTED FOR AWARDSThe following students were not selected for Scholarship Awards:Kwame Anrra
Tina ScherrMACK/MCEACHERN/DAWSON INITIATED SCHOLARSHIPAn email from Jim Fabris, Executive Vice President of the San Francisco Association of REALTORS® requested that the Trustees transfer the C.A.R. Scholarship fund of $2905.33 from the Mack/McEachern/Dawson Initiated Scholarship Fund to the C.A.R. General Scholarship Fund.It was Moved, Seconded, and CARRIED to transfer the Mack/McEachern/Dawson Initiated Scholarship Fund in the amount of $2905.33 to the C.A.R. General Scholarship Fund.ADJOURNMENTThere being nofurther business, the meeting was adjourned at 12:10 p.m.