May, 2021
The Charitable Trust held its Annual Corporation meeting at the Spring Convention in Wilmington, NC on Saturday, 5/1/21. Overall, the Trust continues to perform well in all key areas of supporting our NCSEA. Financial performance continues to be strong due to the positive economic results in the markets. Our strategy is to preserve our assets but look for appropriate growth opportunities.
This past year, the Charitable Trust facilitated the transfer of $149,170 in ENF funds directly to the State Association. Also, an additional $2,000 was provided for Scholarship funds and $20,000 was given to 20 different lodges for the Community Grant program. The Board of Directors voted to allocate $35,000 to share in the cost of a new bus for the VA Home in Kernersville, which is planned to open in August, 2021. Total Charitable Trust disbursements totaled $57,000 compared to donations to the Trust of $7,931.
The following Officers were elected by the board at their meeting on Friday, April 30th:
- Phil Driscoll – President
- David King – Vice President
- Lee Littiken – Secretary
- Steve Clarke – Treasurer
The following Board positions were elected by the Lodges at the Annual meeting on Saturday, May 1st:
- East 4 year Director – Mark Kerr
- East Central 4 Year Director – Lee Littiken
- West Central 4 Year Director – Mike Curran
- West 4 Year Director – Tim Long
- West 2 Year Director – Shane Cook (replacing John Boyd)