gray06 Nov-Dec 2009_Gray01_Jan-Feb 2005.qxd.qxd - Korean War ...

14
BUSINESS
going to be an Associate Member, then he’s going to have to pay
dues.
We can make him an honorary member and he doesn’t have to pay
dues and he can continue to give his money. He still won’t have the
right to vote or anything else, but it will be a recognition, because he
has made more than one application to join the group. Director Brown
made a motion that Mr. Kim be accepted as an honorary member of
the KWVA, seconded by Director Fountain and carried without objection.
• Need or Opportunity for an Association Liability Policy: Director
Dauster commented that his principle objective is to keep the insurance
low for this organization and we’ve been very successful in doing
that. We have almost cut it in half since he started doing some investigation
on better coverage at lower costs.
We have a one-million-dollar legal liability policy that assures if any
member of the Board should be sued for any reason that the policy will
respond—after a $5,000 deductible—and defend the case up to a
one-million-dollar limit. That policy also includes crime coverage with
a $500,000 dollar limit; it would be for any act that is not of a legal
nature. That’s stealing from us, primarily.
In addition, we produce a magazine, The Graybeards, six times a year,
with an estimated distribution of 17- to 18,000 people. The contents
that are published are guaranteed by this policy and that should there
be a legitimate claim against the publication, against our editor, or the
publishing company, the publisher’s liability policy will respond, once
again, following the deductible, and defend the KWVA up to one million
dollars.
After a lot of research we determined that the estimated number of
Chapters that have liability insurance is only about 12 percent. I did get
comments repeatedly that when we have a special event, we buy coverage
for that event. We’re going to participate in a parade with a float,
so we buy a protection for that event only.
Now that we have a Federal Charter, there may be a solution to all this.
I contacted some brokers who say that now that you are chartered we
can insure your parent organization and provide liability coverage to
each and all of your Chapters. I want the Board’s approval to permit me
to examine these companies to offer them all of the information that
they need to evaluate our organization’s history, and to see if we can
get liability insurance that protects the President and the headquarters
in Texas and extends to every Chapter.
Director Lawhon made a motion to authorize Director Dauster to examine
companies to evaluate obtaining liability insurance to cover
Chapters and Departments of our Association under an umbrella; it
was seconded by Director Brown and passed without objection.
• Suggestion for an Outstanding Fundraiser: Director Dauster commented
that we have tried different ways and means of raising funds
to offset the huge losses that we’ve been encountering for the last
number of years. In a report that Glen Thompson prepared showed that
for the years 2004, 2005, 2006, and 2007, we lost over $60,000 a
year. Now we have learned we got another year, same thing. This cannot
continue without this organization finding some legitimate manner
of building up our treasury. And we decided that there is a way to do
it.
At a meeting yesterday a group of us got together in the presence of
Ms. Hannah Kim who is becoming internationally known for her dedicated
work for the Korean War Veterans Association. Her life is devoted
to that. She has great plans to produce a fundraising activity that
could be most successful. The opportunity is tremendous. We set no
limits, but we don’t know what it would do.
But, at the meeting yesterday approval was given to this plan that will
utilize the experience and knowledge of Ms. Hannah Kim, and let her
direct us into a plan which would be our major fundraiser for the year
2010. I would ask that this Board approve that.
Another very interesting facet of it is that this is a fundraiser that doesn’t
ask you for money. You don’t have to buy a ticket, either. This is a
fundraiser where the activities are all conducted with people outside of
our organization, who look at us and remember that we saved their
country. And they are so appreciative and sensitive to us.
Hannah is going to start now to put together some ideas as to how
we’re going to approach this fundraiser. Probably by the first of the year
we’ll be ready with all the addresses, names and everything that we
need. We want the Board’s approval to allow this.
Director Dauster made a motion to allow the Fundraiser Committee to
pursue a fundraiser independent of solicitations from the membership
and any funds necessary will be approved by the Board of Directors; it
was seconded by Director Lawhon and passed without objection.
• Appointment of Ms. Hannah Kim as an Honorary Member of the
KWVA: Director Dauster received a suggestion from an unknown
member that the Board provide an Honorary membership to Ms.
Hannah Kim, the young woman who is going to spend so much of her
time on our behalf to help this organization. Director Dauster made a
motion that Ms. Hannah Kim be made an Honorary member of the
National Korean War Veterans Association, INC.; it was seconded by
Director McHugh and passed without objection.
President Mac Swain commented that Ms. Kim has already been
accepted by the two and-a-half million members of the Korean
Veterans Association of Korea. She was given an honorary membership
in that organization within the last few weeks.
• Membership Office to stop mailing a First Class copy of The
Graybeards to Selected Members: Director Thompson made a
motion to direct the membership office to stop mailing a first class
copy of The Graybeards to the individuals listed on the KWVA Directory
of Officials; seconded by Director Rice and passed with no objection.
• Reduce the Per Diem to $10 for Travel days and $15 for Meeting
days: Director Thompson made a motion to reduce the per diem to
$10 a day for travel and $15 a day for meetings. It was seconded by
Director McHugh.
Following discussion of the motion it was amended by Director
Lawhon to consider a motion to reduce the per diem and review it at
the next annual meeting; seconded by Director Fountain and passed
with no objection. The original motion was then voted on and passed
with no objection.
• Consider changing the number of Members required to start a
Chapter: Director Lawhon reported that he received an email from
Department of Oregon Commander Neil McCain in which he raised a
question of whether the Association had ever considered lowering the
minimum amount of regular members in good standing required to
start or maintain a chapter.
November – December 2009
The Graybeards