Viking Magazine - August 2013 - 35
scholarship recipients is worth pursuing,
and that the results of this feasibility study
would be available at the next scheduled
board meeting. Motion carried.
In a closed session of the voting
members, the group discussed charitable
giving strategies and what types of
value-added benefits the Sons of Norway
Foundation could offer to its members.
Foundation Director Cindy Olson
shared her Spring 2013 Foundation
Report which outlined information on
Legacy Gifts, a new Charitable Giving
Strategies Power Point presentation
and the Foundation relief efforts for our
members impacted by Hurricane Sandy,
which included a $5,000 donation to
the Red Cross for Hurricane Sandy relief.
Olson outlined several other action
items that are now completed, including
a Foundation section in the Advisor
newsletter; Foundation database for
former grant recipients, and Financial
Benefit Counselor webinar training
sessions with information about the
Foundation. She also outlined several new
initiatives, including a Legacy Gift packet
of materials, upcoming articles in Viking
magazine on past scholarship and grant
recipients, the upcoming Foundation
online auction and target letters to
donors of specific funds.
Brian Rolland and Jason Clevenger of BTC
Capital Management presented a report
on the asset management of the Sons of
Norway Foundation portfolio.
Matt Kern and Cindy Olson presented
on the Foundation and Charitable Giving
program, which is available through the
Foundation office or through Financial
Benefits Counselors.
Treasurer Lee Goranson reviewed the
year-end and first-quarter financials of the
Foundation as provided to the board in
Exhibits. He also reviewed the individual
funds and their balances, financial
highlights from the last five years, and
discussed an estate distribution that will be
coming to the Foundation later this year.
MOTION was made and seconded to
authorize the signing authority at Merrill
Lynch. Motion carried.
MOTION was made and seconded
to accept the new Investment Policy as
presented by BTC Capital Management.
Motion carried.
Fraternal Director Linda Pederson shared
the Sons of Norway fraternal mission and
message, and the steady and reliable
information that the public receives during
District Conventions through Viking
magazine, e-post and various newsletters.
Linda shared a new Sons of Norway
" Making a Difference " brochure outlining
the fraternal, financial and foundation
efforts at Sons of Norway.
Former Recipients Committee - Blaine
Hedberg responded with a brief report
that a database has been established for
former recipients, with contact information
(if known), with dates and scholarship
award. The committee is drafting letters
to send to former recipients. The June 2013
Viking will have a special letter to the editor
asking readers to help put us in touch with
former Foundation scholarship and grant
recipients.
Policy Holders Committee - Carl
Ingvoldstad and Doug Warne discussed the
policy holders and the issues in contacting
them because of both privacy and ethics.
Contact about the Foundation will continue
through the Advisor newsletter. Carl and
Doug indicated that the Financial Benefits
Counselors could be of assistance in
meeting with possible donors, but only
with an honest approach to do what is
best for the individual in their donations or
estate planning.
Past and Present Donors, including
Lodges - Jon Tehven reported that several
new initiatives are being discussed. The
first is that each district needs to have an
appointed Foundation Director, trained
in the mission of the Sons of Norway
Foundation, who could be active in
fundraising. A tangible recognition of
donors is needed for presentations at
lodge meetings. This will help to engage
the lodges to learn more about the
Foundation. Communication initiatives
are being explored through Facebook,
YouTube, and a blog for both district and
Foundation directors.
Beth Bird, Joe Pope and Aaron Stenhaug,
Audit Partners of Eide Bailly, presented the
2012 draft audit to the Board of Governors
and to Sons of Norway International
Treasurer, Bill Fosmoe. It is the opinion
of the auditors that the financials were
presented fairly, which means that it
was a clean, unqualified audit. President
Kristiansen then dismissed the staff to have
an executive session with the auditors and
Bill Fosmoe.
MOTION was made and seconded to
accept the draft report. Motion carried.
MOTION was made and seconded " To
recommend to the International Board
that District Sons of Norway Boards set
up a new named position within each
district for a District Foundation Director. "
Motion carried.
MOTION was made and seconded
" To recommend to the International
Board that 'All Sons of Norway lodges
be encouraged to set up a Local Lodge
Foundation Director within their
individual lodges.' Motion carried.
MOTION was made and seconded
directing Cindy Olson to create a training
program for District Foundation Directors
to be in place by July 1, 2013. Motion carried.
MOTION was made and seconded
directing Cindy Olson to take on the task
of setting up a recognition/giving society
within the Sons of Norway Foundation.
Motion carried.
The meeting adjourned at 4:45 pm.
Respectfully submitted,
Blaine Hedberg
Secretary
sonsofnorway.com VIKING AUGUST 2013 35
http://www.sonsofnorway.com
Viking Magazine - August 2013
Table of Contents for the Digital Edition of Viking Magazine - August 2013
Contents
Viking Magazine - August 2013 - Cover1
Viking Magazine - August 2013 - Cover2
Viking Magazine - August 2013 - Contents
Viking Magazine - August 2013 - 4
Viking Magazine - August 2013 - 5
Viking Magazine - August 2013 - 6
Viking Magazine - August 2013 - 7
Viking Magazine - August 2013 - 8
Viking Magazine - August 2013 - 9
Viking Magazine - August 2013 - 10
Viking Magazine - August 2013 - 11
Viking Magazine - August 2013 - 12
Viking Magazine - August 2013 - 13
Viking Magazine - August 2013 - 14
Viking Magazine - August 2013 - 15
Viking Magazine - August 2013 - 16
Viking Magazine - August 2013 - 17
Viking Magazine - August 2013 - 18
Viking Magazine - August 2013 - 19
Viking Magazine - August 2013 - 20
Viking Magazine - August 2013 - 21
Viking Magazine - August 2013 - 22
Viking Magazine - August 2013 - 23
Viking Magazine - August 2013 - 24
Viking Magazine - August 2013 - 25
Viking Magazine - August 2013 - 26
Viking Magazine - August 2013 - 27
Viking Magazine - August 2013 - 28
Viking Magazine - August 2013 - 29
Viking Magazine - August 2013 - 30
Viking Magazine - August 2013 - 31
Viking Magazine - August 2013 - 32
Viking Magazine - August 2013 - 33
Viking Magazine - August 2013 - 34
Viking Magazine - August 2013 - 35
Viking Magazine - August 2013 - 36
Viking Magazine - August 2013 - 37
Viking Magazine - August 2013 - 38
Viking Magazine - August 2013 - 39
Viking Magazine - August 2013 - 40
Viking Magazine - August 2013 - 41
Viking Magazine - August 2013 - 42
Viking Magazine - August 2013 - 43
Viking Magazine - August 2013 - 44
Viking Magazine - August 2013 - 45
Viking Magazine - August 2013 - 46
Viking Magazine - August 2013 - Cover3
Viking Magazine - August 2013 - Cover4
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