Wednesday, November 14, 2012

The Seward Foundation

I participated in my final meeting of the Seward Foundation Board of Directors this evening at the Civic Center. We consider grant applications 2 times/year and approved 3 applications tonight. The requests were from the High School, City Library and the Youth Center. The Foundation's permanent endowment has grown slowly to just over  a half million dollars. During it's 30 year history over $735,000. has been allocated in local grants.  The endowment funds have been invested locally and the figures demonstrate what can be done by never spending the principal. The Board is made up of 2-members of the City Council,  2 from the District 9 School Board and 3 at-large members. I have served on the Board for 14 years and my fellow Council member Dave has served for 16. This was the last meeting for both of us and the Mayor will appoint our replacements. It's a great 501 (c) (3) organization and I have been pleased to be a part of it. 

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