Foundation History
The Basics:
The Foundation was formed to provide a “parking place” for funds left to the Club in the wills of 3 members (Marcelli, Kirby Throckmorten and Ed Herrnstein). The total ($193,000) sitting in the bank was a cause of concern because the IRS frowns on clubs such as ours maintaining large fund balance. Large seems to mean more than one year’s operation. We were “pushing” that, but in addition another member (Gordon Whitehead) had left a sizeable gift ($312,760) to the C-N-H District Foundation with the stipulation that it be used for scholarships to assist graduating seniors attending high schools in Berkeley, Albany and El Cerrito and that the Berkeley Kiwanis Club select the winners of those scholarships.
Handling the Whitehead scholarships was quite a chore. We had to do the selection and then be the go-between with C-N-H to get the checks written for the students. It was some problem knowing when the checks had been issued and to whom. When we discussed the idea of forming our own Foundation the District Foundation Secretary, Treasurer, President and VP all agreed that they would support transfer to us, and they did.
So, we formed our Foundation in 1998 with the purpose “to assist persons, particularly young people, through the expenditure of funds directly or by the furnishing of funds to other non-profit organizations all within the purview of Section 501c(3) of the Internal Revenue Code …”.
Current Officers and Directors, and the end of their terms are:
Duane Leonard, President 2016
Jack Rosano, Vice President 2018
John Piercy, Secy/Treas 2018
Tamara Paradis, Director 2016
Jeff Egeberg, Director 2016
The Foundation was formed to provide a “parking place” for funds left to the Club in the wills of 3 members (Marcelli, Kirby Throckmorten and Ed Herrnstein). The total ($193,000) sitting in the bank was a cause of concern because the IRS frowns on clubs such as ours maintaining large fund balance. Large seems to mean more than one year’s operation. We were “pushing” that, but in addition another member (Gordon Whitehead) had left a sizeable gift ($312,760) to the C-N-H District Foundation with the stipulation that it be used for scholarships to assist graduating seniors attending high schools in Berkeley, Albany and El Cerrito and that the Berkeley Kiwanis Club select the winners of those scholarships.
Handling the Whitehead scholarships was quite a chore. We had to do the selection and then be the go-between with C-N-H to get the checks written for the students. It was some problem knowing when the checks had been issued and to whom. When we discussed the idea of forming our own Foundation the District Foundation Secretary, Treasurer, President and VP all agreed that they would support transfer to us, and they did.
So, we formed our Foundation in 1998 with the purpose “to assist persons, particularly young people, through the expenditure of funds directly or by the furnishing of funds to other non-profit organizations all within the purview of Section 501c(3) of the Internal Revenue Code …”.
Current Officers and Directors, and the end of their terms are:
Duane Leonard, President 2016
Jack Rosano, Vice President 2018
John Piercy, Secy/Treas 2018
Tamara Paradis, Director 2016
Jeff Egeberg, Director 2016
| berkeley_kiwanis_foundation_background.pdf |
