MEETING OF THE BOARD OF TRUSTEES - 4- APRIL 10, 2013706.7 SHASTA COLLEGE FOUNDATION QUARTERLY REPORTMr. Scott Thompson, Executive Director of the <strong>Shasta</strong> <strong>College</strong> Foundation, provided thefollowing report:Foundation Facebook Page Launched!Thanks to Peter Griggs, Communications Design Coordinator, and Nancy de Halas, theFoundation has launched our first Facebook page. With this page we are going to tellour story. Our focus will be on campus events we are working on or sponsoring. Weare starting to support more areas on campus, and this will be a way of sharing that information.(www.facebook.com/<strong>Shasta</strong><strong>College</strong>Foundation)Our first posting was Spanish artist Rosana Castrillo Diaz's show, and installation in ourart gallery. Today we posted the story of <strong>Shasta</strong> <strong>College</strong> student, Samuel Diener, wholast week attended the National Undergraduate Literature Conference held at WeberState University in Ogden, Utah. The Foundation sponsored Samuel's trip to this prestigiousconference. Samuel was accepted to present his poetry at this conference, attendedby students and educators from around the United States. Out of 180 student entries,he was one of six students selected to have his poetry published in the WSU journal,Metaphor. We feel honored to have Samuel represent <strong>Shasta</strong> <strong>College</strong>. IdaliaHuckman-Crye and Dr. Frank Nigro championed Samuel and share in the pride of hisaccomplishments.With Eva Jimenez's help, I would like to show you our Facebook page and invite you to"like" and follow us as we highlight Foundation supported events. This month we willhighlight the Heritage Film Festival in Red Bluff and Randy Reed's Coral Sea oceanographyfield trip to Humboldt.Robinson ForeclosureWe continue to work with Fidelity Default Resolution in Rancho Cordova on the finalstages of foreclosing the Robinson property in Cottonwood. As of this week, Jenny Vial,Senior Vice President at Fidelity, tells me we should conclude this foreclosure in threemonths. That means we will have the property on the market for sale this summer. Weare very close.Teresa Poore Trust- Student Textbook FundIn February, the Foundation made its first spring semester disbursement in the amount of$5,000 to the Teresa Poore Student Textbook Fund. This fund was initiated last year bythe <strong>Shasta</strong> <strong>College</strong> Textbook Committee, under the direction of Heather Wylie. This initialdisbursement funded 12 students. This textbook grant is for students in need, on afirst come, first serve basis, that funds up to $400 per student. The application process ishandled through Angela Nava in our Financial Aid office. The Poore Trust is a $1.1 millionfund that will generate approximately $40,000 in interest per year. This fall semesterwe should be able to disburse $20,000- $25,000 for this program. Teresa Poore's generosityis going to make a significant difference to our students.Burney Property UpdateLast week I spoke to realtor Rob Middleton, who has the Burney property listed. He saidthings are starting to pick up in Burney and two private parties have been interested inthe building.William Beaty Trust UpdateI continue to work with attorney Evan Delgado on the Beaty Trust. On Tuesday, I receivedthe following email from Evan Delgado. "/ have the information I need to proceed
MEETING OF THE BOARD OF TRUSTEES - 5- APRIL 10, 201371and anticipate next week getting you information about the trust assets and a trust distributionagreement. Under the agreement, a distribution of most of the bequest would bemade immediately with a smaller amount distributed after a timber sale is completed."Trinity Trail UpdateRecently I met with Pat Frost, a Foundation Regent in Trinity County and adjunct instructor,about reviving the Trinity Trail project. This project has been dormant as we havestruggled with two issues. The first issue is obtaining an easement on the adjacentproperty. The second issue has been the availability of the CCC's to build the trail likethey did at our Tehama campus. We have just been informed that there is a strong possibilitythat they will be available this summer. Therefore, we are going to give this projectanother push."Pay it Forward"Our "Pay it Forward' voluntary deduction staff drive continues to be an important programfor funding campus programs and events. From my last report in January, theFoundation has sponsored the following campus events:$155.82$500.00$145.50$100.00$486.50$2,500.00$2,000.00$500.00$125.00$174.85Mrs. Pratt asked the value of the Rolland Robinson property. Mr. Thompson replied approximately$1 million; it might be worth more now. This should bring in to the Foundationbetween $400,000 and $600,000 of undesignated funds, which is pretty rare. Mr.Lucas asked what undesignated meant. Mr. Thompson said the money will come directlyto <strong>Shasta</strong> <strong>College</strong> for its use. Usually funds are designated for scholarships. Mr. Lucasasked if the property was divided into lots, or if it's a single parcel. Mr. Thompsonsaid the parcel is subdivided. Mr. Lucas said it's been a long haul. Mr. Thompson saidwe're not there yet. Mr. Swendiman asked if the subdivision was final. Mr. Thompson