Page 39 - 2025 February report

Executive & Finance Committee minutes (draft) (2)
Line 29 – KB Pension is the third party manager of our 401(k) plan.
Lines 156 – 174 – The Committee expressed appreciation for this summary of increases and decreases for items $5,000 or greater.
The Committee opined that this initial draft looks good. There will be some revisions before the final budget is presented to the Committee in March. At that time, the Committee will be asked to recommend approval of the budget by the full Board of Directors.
Bobby took this time to further introduce the new Program Officer to the Committee. The official announcement will be made in the February Monthly Report.
4. Marchmeetingplans
At the expressed wish of the Board, meetings will start at 9:00 rather than 8:00.
Bobby intends to propose that the December dinner with outside invitees be held on Saturday night rather than Friday night. This would make this consistent with the schedules of the March and September meetings where this dinner is held the evening following the Grant Program Committee meeting. Friday can be difficult for those traveling to Palm Beach and trying to check into the hotel in time to get to dinner. It was noted that this Friday arrangement harkens back to the days when the Saturday Grant Program Committee meeting was the end of the events for the weekend and Directors could travel home late Saturday or early Sunday. The Committed affirmed this concept.
Bobby would like to propose a grant to honor Rick Williams to an organization of his choice. There would not be any kind of document or ceremony, but a grant in the range of $20,000. The Committee affirmed the merits of this recommendation.
5. Othermatters
Bobby was asked to outline the September plans. Because it will be such a long trip for most of the JSF people, Bobby is suggesting planning to fly to Anchorage on Friday, September 5th. The Grant Program Committee meeting will be Sunday with the large group dinner Sunday evening. The primary site visit, planned for Monday morning, will be with ANSEP. The Board meeting will be Tuesday morning. The people at Alaska Pacific University know we are coming and would very much like to host us as well. Tentative thoughts are to see if we could arrange an optional site visit for Saturday afternoon, September 6th. The thought is that more people might be able to attend this optional visit before meetings start as opposed to needing to stay an extra day or two to accommodate a relatively short time at APU after the meetings. Nothing has been finalized at this point. There are other people and organizations in Anchorage that could be invited to join us for the reception and dinner on Sunday evening.
6. Upcomingmeetings:
March 16, 2025 – Orlando, Florida (in person)
September 8, 2025 – Anchorage, Alaska (in person)
January 22, 2026 – via Zoom
There being no other business, the meeting was adjourned at 10:15 a.m.
Respectfully submitted this 31st day of January, 2025.
Sharon Wood Malcolm Macleod Office Manager Committee Chair
37