Foundation & Committee Minutes

LAKE COUNTY BAR FOUNDATION BOARD OF TRUSTEES MEETING JANUARY 18, 2022 IN ATTENDANCE: BY ZOOM:

Joann Fratianni Nandia Black John Quinn, Sr. Hon. Fred Foreman (Ret.) Jennifer Ashley Perry Smith Kristie Fingerhut Amy Lonergan Joe McHugh Michael Ori Melanie Rummel Rick Lesser Steven McCollum David Gordon

ALSO IN ATTENDANCE:

Greg Weider, Executive Director, LCBA, LCBF.

I. CALL TO ORDER:

Meeting was called to order by Executive Director, Greg Weider at 4:03 p.m.

II. APPROVAL OF MINUTES:

\The Minutes of November 16, 2021 were presented for approval. Motion to approve the minutes was made by Amy Lonergan and seconded by Mike Ori. Motion carried.

III. TREASURER’S REPORT: A. STATUS AND BALANCES OF LCBF ACCOUNTS:

Treasurer Perry Smith reported there is approximately $136,700 in our operations fund account as well as approximately $94,500 in our building fund. We also had a profit from our virtual fundraiser of $9,061.96 with several donations received since that date. A Cy Pres award of $43,242.67 was received along with a building pledge donation. The funds in the VET and TIM Court accounts showed an increase in November and December

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2021. The funds for the Veteran’s History Project resulted in decrease due to the amount used for the Veteran’s Memorial Service.

B. WARRANT/ APPROVAL OF EXPENSES PAID:

The Warrants for Expenses for November and December 2021 were presented for Approval. Motion to approve the expenses made by Amy Lonergan and seconded by Rick Lesser. Motion carried.

IV. CONTINUING BUSINESS:

A. FUNDRAISING SUBCOMMITTEE MEETING:

The Virtual Shakespeare event with Timothy Mooney exceeded our expectations of netting over $8,000. Mr. Mooney donated his fee for the event back to the LCBF. We still have some gift baskets and LCBF Logo glasses left over from the event. Net revenue as of December 10, 2021, was $9,061.96.

B. BUILDING RENTAL:

The Chicago Workers Coalition, a not-for-profit organization is interested in entering into a cost sharing agreement with the LCBF for the use of Unit C. This organization reaches out to minority and underserved communities to assist residents in finding work. We need to verify that this organization will use the unit for charitable purposes. Motion made by Perry Smith and seconded by Melanie Rummel to allow President Dorando to appoint a committee to develop the cost sharing agreement between the LCBF and The Chicago Workers Coalition. Motion carried.

C. LCBF/LCBA BUILDING FUND:

President Dorando will set up a committee from our trustees to meet with the LCBA regarding this issue.

D. PROPERTY TAX EXEMPTION:

Amy Lonergan reported that we are still awaiting a decision on our taxexempt status. We still need to complete an application for the 2022 tax year and also complete an annual certificate of status.

V. NEW BUSINESS: A. CY PRES AWARD:

The LCBF received $43,242.67 on December 14, 2021, from a Cy Pres Award as noted in the Treasurer’s Report.

VI. ADJOURNMENT:

A Motion to Adjourn was made by Steve McCollum and seconded by Mike Ori. Motion carried and the Meeting adjourned at 4:26 p.m. Respectfully submitted, Joann M. Fratianni Secretary