Resolution: 2010-11 Annual Plan

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Resolutions 2010-11 Annual Plan Feedback?
This resolution approving the Foundation's 2010-11 Annual Plan was approved 8-1 in June 2010.

RESOLVED, that the Board of Trustees hereby approves management's proposed 2010-11 annual plan of $20.4 million of spending and $20.4 million of revenues with the annual reserve remaining at $13.0 million at the end of 2010–11. These amounts do not include restricted gifts to fund additional project work such as the Public Policy grant.

If, during the year, management anticipates the annual reserve at each quarter-end will differ materially from the plan, the Board directs management to consult the Board Treasurer promptly.

Reference: The currently anticipated quarterly breakdown of this annual plan.


Motion: Stu
Approved 8–1. In favor: Jimmy, Ting, Jan-Bart, Michael, Stu, Arne, Bishakha, Matt. Opposed: SJ. Abstaining: Kat.