please correct . . . all but ONE item has been sold from the Discovery Store. ----- Original Message ----- From: Peggy Kain <pegsi@xxxxxxxxxxxx> To: <sac-board@xxxxxxxxxxxxx> Sent: Wednesday, March 06, 2002 11:49 PM Subject: Re: [sac-board] Re: SAC Budget 2002 > Jack Jones stated: > > . . . the telescope parts do not 'go to the grants'. They are mostly club > assets. > > Telescope parts from the Holmquist collection and the Discovery Store DO go > to the grants and scholarships fund. These collections were acquired on the > basis of providing scholarships from the sale of optics, hardware, and > telescopes. Telescopes were to be constructed from available parts and used > at star parties or sold with the proceeds used for scholarships. I inform > the Holmquist family on a regular basis as to the disposition of the parts. > I am in the process of preparing an updated report for the Holmquist > family. All but item of the Discovery Store donation has been sold and the > funds are available for scholarships. > > All donations to the club should be inventoried immediately upon receipt of > the goods and a copy of the inventory should be made available to all > members. The Schwarr collection needs to be in a written inventory form in > the same manner as the Holmquist collection. The disposition of the > Schwarr collection as club assets or as part of the scholarships and grants > fund has yet to be determined. > > As soon as I complete my audit of the SAC treasury, I want to provide > guidelines for the scholarships and grants fund. This action will provide a > set of parameters for future donations disposition of the assets and for > investment and general dispersement of funds. In addition, guidelines will > be needed for recruitment and selection of scholarship candidates. Ideas in > this regard would be greatly appreciated. > > We need to think in terms of encouraging future astronomers, > astrophysicists, aerospace engineers and related fields into the > astronomical community. > > Thanks and enjoy the weekend at Sentinel. > > Peggy Kain, Chairman > Scholarships and Grants Fund > > > > >