The Muto Foundation

Guy Muto Memorial Scholarship Fund

Board of Directors Meeting

Minutes: March 10, 2006

The Long Beach meeting of the Muto Foundation Board of Directors took place on Friday, March 10, 2006. The meeting was called to order at 5:12pm by President, Bob Fowler. Those present were: President Fowler, Vice President Jerry Mazienis, Treasurer Bill Storm, Secretary Toni Storm, Guest and Webmaster Paul Grimes, Director Jon McArthur, and Guest Kent Fisher.

Mr. Storm gave the Treasurer's report. He explained the accounts and activity. He reported we have $28,457 in a certificate, $1,500 in checking, and $74,509 in Vanguard Mutual Funds. We are current with the State of California and current tax wise with the Federal Government with our 503-C. He asked that the Board members become current with their annual dues which amount to $120 annually, which is $10 per month. Those dues are now payable and may be mailed to our PO Box 60159, Sacramento, CA 95860.

Our guest, Kent Fisher led a discussion about getting the word out to the Pool industry and asking for donations to help our fund grow. A brainstorming session occurred concerning fund raising. Mr. Storm explained why our scholarships are not made out to the student and their school. The reason is if the student is receiving a Pell Grant as well as ours, the Muto check would be deducted from the amount of the Pell.

After Mr. Fisher agreed to lead some fund raising efforts, Jon McArthur motioned that he become a Board member. Mr. Storm seconded. The motion passed unanimously.

Because of all of the efforts of Mr. Grimes in redoing our website and maintaining it so well, Mr. Storm moved that Paul Grimes become a member of the Board. Mr. Mazienis seconded the motion. That motion passed unanimously.

Vice President Mazienis asked permission from the leaders of the Western Pool & Spa Show, Cal Terry and Vicki Lester, to distribute a Muto bulletin with a roster of last year's award winners. Permission was granted. President Fowler volunteered to get prints of our bulletin to hand out at the show the next day. It was decided that donating companies could name their own scholarship through our Foundation. Mr Grimes suggested we have a thank you section on the website for former contributors. We will establish levels of contributions.

After a discussion it was decided that our annual meeting would take place at the Western Pool & Spa Show, which is usually in Long Beach, CA. Supplementary information will be distributed throughout the year to Board members via e-mail.

A motion was made by Mr. Mazienis and seconded by Mr. McArthur that Larry Herr be removed from the Board because of his inactivity and not attending meetings. The motion passed unanimously.

Since most of the Board members attend the Pool Industry Expo in Monterey in October, it was suggested that we schedule a Board meeting at that time.

At 6:50pm Mr. Storm moved and Mr. Mazienis seconded that the meeting be adjourned. The vote was unanimous and the meeting was adjourned.

For Additional Information Call or Write:
The Guy and Gloria Muto Memorial
Scholarship Foundation, Inc.
P.O. Box 60159
Sacramento, CA 95860

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