Vol 2. No 28 April 19, 2016

THE RALPH MOORE MEMORIAL FUND

By Art Long, Fund Trustee

After the April 12th Board Meeting, It

is my observation that little is known

about the Ralph Moore Memorial

Fund by the membership, especially

our newer ones. As one of the Trus-

tees, it is my responsibility to inform

and educate the club on the verbs of

the fund. I wish it could be done in a

few short paragraphs, however; its genesis does not permit

it. So, here goes…

Ralph Moore was our 1996-1997 Club President. At some

point in his term, Ralph established a “Permanent Fund,”

AKA; Jackson Rotary Foundation, which would mimic

RI’s “Rotary Foundation.” He envisioned the Permanent

Fund (PF) as a lump sum of money which would collect

interest. The interest would be used to fund “Community

Projects.”

During his term and for a few years afterward, the PF had

growth mostly through member contributions. Over time

and changes in membership, the PF stagnated at signifi-

cant sum, but not enough to produce sufficient interest to

fund Community Projects. Senior members continued to

make small donations while newer members became con-

fused by the titles of the two funds, Rotary Foundation

and Jackson Rotary Foundation.

In my term as club president in 2004-2005, there was a

movement within the club to place club funds in var-

ious “Market Accounts” to maximize growth. It was

also decided to re-energize the PF by establishing an

account growth of $100,000 to produce a more pro-

ductive amount of interest. To expedite PF growth,

it was decided to place 20% of the net proceeds of

club fund raising into the PF.

After Ralph’s sudden death in 2008, the Board of

Directors moved to rename the PF, “The Ralph

Moore Memorial Fund” (Fund) when it reached the

benchmark of $100, 000. Shortly afterward, the

benchmark was achieved and the Fund renamed.

Then a worldwide economic downturn occurred that

negatively impacted all club accounts. The Fund

dropped below the $100,000 threshold.

During the 2009-2010 presidential term, a committee

of 3 Trustees was established to manage the account

and make recommendations to the Board on Fund

activities. The Market rebounded and brought the

Fund back above the benchmark. In December,

2009, the fund had a value of $117, 324.49. From

this amount the first project was proposed and

$14,720.10 drawn to pay for the beverage trailer.

Then, with the approval of the Board, at the recom-

mendation of trustees, the Fund was placed in a sav-

ings account to isolate the account and better ob-

Con’t on page 5

NEW AMADOR COUNTY MURAL FOR JACKSON

The Jackson City council has approved a new three panel

mural which will be painted on the concrete wall at the

Boyett Petroleum service station on the corner of 49/88.

The artist will be Rand Huggett who is the artist that paint-

ed the City of Jackson mural on the Fire Station wall. The

total cost of this project is about $20,000 and the city is

looking to community donations to help offset their por-

tion of this cost. The Jackson Rotary Club Board of Direc-

tors approved a $4000 donation to this project which will

be spread out over the next two years. Other organizations

that are being approached include the Amador Chamber of

Commerce, NSGW #31, and the Jackson Lions Club. The

project will be completed during the next six months

Saturday the 23rd, we will have our Rotarians at Work Day when all Rotarians in the

world will join to do good in their communities and in the world. Thank you all

who signed up for our day at the Food Bank. It probably will warm enough to pro-

vide you with some solar cooked food, if not very hot I always can make hot dogs

in the solar oven, no need for too much sun to warm the wieners and the buns.

I also want to thank Sharon for the excellent job with the speakers program, the

visit last week of the ladies with the owls was really a highlight!

The District Conference is around the corner, there always is a lot to do during the

Conference. The flyer for the day’s events are on the next page, there is something

interesting for anybody. I will start with Ashley to prepare our display in the House of Friendship, since all focus is

on Youth Activities. We are certainly in condition to look good with our great active Interact members.

Rotary International is already planning for the centennial celebration which will be started at the International

Convention in Korea, 28 May - 1 June. But they encourage clubs to start planning their own centennial activities.

It might again be a great opportunity for a 4-Club joint event, so let’s think about it.

YIR

PRESIDENT’S MESSAGE

FOOD BANK WORK PARTY —> Saturday April 23rd

Beginning at 8:00am we will clean the property around the Inter Faith Food Bank. This is our

“Rotary at Work Day” and it not only benefits the community but also our fellow member

and Past President Tom Thompson. So, if you have not been to the last couple of meetings,

please plan on helping out on this club project. The plan is to be completed by 11:00 (or

12:00) so you will be able to enjoy the rest of your day.

City of Jackson Mayor (and rotary club member) Keith

Sweet shows off the artist’s rendering of the new three

panel mural to be painted in downtown Jackson

Speaker: Susan Manning

Tri County Wildlife Care

Our speaker this week was Susan Manning from the Tri-

County Wildlife Care. Joining her was Pat Benik and Teddy

Flory who brought a couple of their owl rescues with them.

Stella (the barn owl) is missing her flight feathers on her right

wing and is unable to fly for hunting but still has a four mouse

a day appetite. Marbles (the western screech owl) has no natu-

ral eyes and is completely blind. Susan. Pat and Teddy ex-

plained what the TCWC does for the community, shared their

feathered friends and informed us of their upcoming fund

raiser which will be held at the Legion of Honor Hall. For

more information about TCWC go to www.pawspartners.org

Bruce Platt toasting Marv and Sharon on the eve of

their 30th year anniversary of wedded bliss...

DID YOU KNOW…???

1) 2016 was Jackson Rotary Club’s eleventh year of distributing dictionaries to the 3rd grade clas-

ses at Jackson Elementary. The average third grader has a vocabulary of about 5,000 words.

The dictionaries we distribute has over 35,000 words. No wonder the kids are excited when

they learn that the book belong to them to take home and keep forever! This year, we had an

excess of 8 dictionaries that were taken to Independence High School for distribution.

2) The Jackson Interact club recently donated $267.17 to the Polio Plus campaign. These monies

were raised as part of their on going fundraising efforts as they helped at the Shriners Dinner,

the Trivia Challenge, the Four Club mixer and a Purple Pinky campaign that they held at

school.

3) Sutter Hospital is holding their 5th annual Hospital Theme Ball on October 22nd. This year’s

theme is “Night at the Museum”. The event will be held at the Jackson Rancheria Grand Ball-

room. Monies raised will benefit the Sutter Hospital’s Birthing Center which had 413 births

during 2015. For more info, contact Past President Marv

serve interest and growth and also protect it from a volatile market.

The trustees are composed of three club members appointed or re-appointed annually and serve at the will and

pleasure of the Board. It is the trustees’ responsibility to place the Fund in a secure (as possible) FDIC interest

bearing account and to advise the Board on Fund availability, use and account status. That is done monthly as part

of the Treasurer’s report to the Board. The ultimate authority on Fund activities rests with the Board of Directors.

The trustees do not have veto authority.

At the beginning of each club president’s term, (the

first business meeting in July), the trustees inform

the Board of the Fund value and money available

for community projects. The Board may ask the

trustees to dedicate the money to a specific project

(s), defer the expenditure to a later date or leave the

money in the Fund for consideration in the follow-

ing Rotary year. Earned interest will remain in the

account until used. The trustees will keep a paper record of accumulated interest to keep it identifiable from the

benchmark assets. It is the Board’s responsibility to define “Community Projects.” Ralph’s only request was that

no Fund assets be expended on International Projects.

Money donated to the Fund is added to the benchmark value (principle) and is not excess funds that can be added

to interest earmarked for expenditure. Donations are expected to increase the value of the Fund by increasing the

base amount thereby increasing the Fund’s ability to earn greater interest. Members can donate to the Fund by

asking that it be placed in the Ralph Moore Memorial Fund.

Loans from the Fund to the club is possible for a financial emergency or a project of the utmost importance to the

club and/or the community. Shortfalls in other club monies and unexpected expenditures that put the club in fi-

nancial distress may necessitate a loan request from the Fund. The Board must provide a plan to repay the loan

with a specific payback completion date. Loans will be

paid at the current market rate but no less than 5% APR.

Loan approval requires “Meet and Confer” with the trus-

tees, a “Resolution” from the Board and a “Majority Ap-

proval” of the membership at a pre-announced business

meeting or club assembly.

The requirement for 20% of all net funds to be placed in

the Fund was suspended when the $100,000 benchmark

was achieved. The Fund is currently in two parts. One is a

cash reserve of $24,108.43 (savings account) and the other

is a Lord Abbett mutual fund containing $79,272.55, man-

aged by club member Chris Petralli and Morgan Stanly

Wealth Management. Earned interest has improved mak-

ing $3,608.68 in funds available and waiting for approved

projects.

Ralph Moore Memorial Fund Trustees

THE RALPH MOORE MEMORIAL FUND Con’t from page 1

By Art Long, Fund Trustee

Check out the changes President Elect Mike F

is making as he ramps up for his upcoming year…

Not only did Mike purchase (at his personal expense)

the projector and screen which was used during the

Trivia Challenge event, but he installed a new sound

system for the club’s use at last week’s meeting.

Stronger, clearer sounding and supporting a wide

range of inputs, this new system should make it easi-

er for those of us that wonder what is being said dur-

ing the meeting. One short range goal is for the club

to have the ability to accept credit card payments for

fundraising events (and maybe weekly meals?). Only

time will tell!

Tuesday Apr 19th Thomas Moraitis

Tuesday Apr 26th Ron Antone (Amador County Farmers Market)

Tuesday May 3rd Richard Forester & John Sullivan (Rotary Membership)

Saturday May 7th Highway 49 Cleanup (Meet at Vista Point at 8:00am)

Tuesday May 10th Speaker TBD

May 13-15, 2016 2016 District Conference at Atlantis Convention Center in Reno

Tuesday May 17th Linda Heim & Beth Barnard (Baker Street West)

Tuesday May 24th Representative from Pine Grove Youth Camp

May 12-15th District 5190 Conference in Reno

May 28-29th (Memorial Day Weekend) Eagles Nest Car Show : Need help with Beverage Trailer operation

>>CLUB CALENDAR: SAVE THE DATE<<

President— Irene Perbal

Past President— Marv Hampton

President Elect— Mike Flagg

President Elect Nominee—Dirk Wentling

Secretary— Bruce Platt

Exec. Secretary— John Sullivan

Treasurer— Richard Campbell

Foundation Chair—Pat Crew

District Governor Elect—John Sullivan

Directors

Club Service—Dirk Wentling

Community Service—Keith Des Voignes

Director at Large—Rick Sprenkel

Director at Large—Anne Platt

Director at Large—Sharon Hampton

Director at Large—Richard Muller

Director at Large—Stan Lukowicz

Membership—Tammie Crabtree

Rotary Club of Jackson 2015-2016 Board of Directors

THANK YOU

We appreciate the assistance offered by the

following members in creating this week’s

newsletter:

Dirk Wentling—Editor , Photography and

Content

Irene Perbal—Content

Art Long—Content

ALOHA RAFFLE

Aloha Raffle tickets are now available for

sale. Ron Floyd has been distributing sets of

six tickets to all members. If you have not

received yours yet, or if you need more be-

cause you have already sold yours, please con-

tact Ron directly. Only 500 tickets will be sold

at a cost of $50 each

or 3/$100. The draw-

ing will be held at our

regular meeting of

August 2nd.