Trustees of the Trust Funds Meeting Minutes
8?6?12
Attendees:
Cara Marston
Ross Morse
Harry Vogt
Opening:
The meeting of the Trustees of Trust Funds was called to order at 5:00 PM, August 6, 2012 in
the Pittsfield Town Hall by Harry Vogt, Meeting Chair.
Approval of Minutes: Minutes of the July 23rd meeting were approved as written.
Approval of Treasurer’s Report: The treasurer’s report was approved as distributed.
Old Business:
Discussion of by?laws of trusts and more specifically the Foss Family Scholarship resulted in the
inclusion of three main areas to be addressed during the next scheduled review of the trusts.
The three areas pertaining to the Foss Family Scholarship were:
1. Clarifying the use of scholarship monies (tuition vs. fees/books)
2. Whether the checks should be made co?payable to recipient and school.
3. Questions around how to manage unclaimed scholarship checks.
New Business:
Discussion of request of Foss Family Scholar to allow the award to be used towards text book
costs.
A consensus was formed that the use of funds from the Foss Family Scholarship were to be
used to offset tuition fees as has been done to date.
Next Meeting:
August 31, 2012, 7:45 AM (Time change to be noticed by Cara)
Agenda: Investment Advisor Discussions
Adjournment: The meeting was adjourned at 5:25 PM.
Minutes submitted by: Ross Morse