Committee Reports:
Foundation - Joe reported that the Foundation met on July 20th at the Osbrey residence. The Foundation meets 4 times per year and it's purpose is that it is a receptacle for funds that are used towards scholarships. Initially, the Foundation had $80k in CD's and accounts and after a $340k gift from Brousseau's, the Foundation hired a portfolio manager - Weiss, Hale and Zahansky. The policy is to spend 4% which goes towards Rotary scholarships. The Board of Directors is made up of past Club Presidents and they are in place to oversee the funds and to make sure the funds are handled appropriately. Current memorial scholarships restricted balances are: Ray Brousseau $41,596; John O'Brien $48,604; Leon Archambault $73,024; Maurice Beaulac $88,755; and Ray & Vi Brousseau $326,413.
Roberta reported that Interact is helping TEEG with their backpack drive. Interact is collecting new backpacks until Aug. 14 (bring donations to HaleY) and on Aug. 19th Interact will be helping students to pick out and fill their backpacks at TEEG. Robert also announced that Interact is selling 8" mums from Hart's Greenhouse & Florist LLC for $10 ea. to benefit Relay for Life. An email will be sent out in ClubRunner.
Summer Picnic - Doug reported that the summer picnic, held at his house will be on Friday, Aug. 25th from 5 to 7pm. A sign up sheet will be passed around for attendance. He will be reaching out to the committee for planning.
Ron wanted to thank those who have purchased Pluck-a-Duck raffle tickets. Today is last day to buy tickets. He has a few left to sell for $5 each.
Karen was happy to announce that we are receiving a district grant for more musical instruments that will be installed at the Pomfret Community School.