The SCARC Foundation Board of Trustees is committed to raising funds for SCARC, Inc. and SCARC Guardianship Services, Inc.  The SCARC Foundation's Fiscal Year commences July 1 and ends June 30.  All Trustees of the Foundation serve without salary or other compensation.  The Board of Trustees meet ten times a year. 

SCARC FOUNDATION BOARD OF TRUSTEES

Chairperson: Phillip Motyka
Vice Chairperson: Michael Dolan
Treasurer & Past Chair: Sean O'Rourke
Secretary: Heidi Weber
 

TRUSTEES

Angelo Bolcato                                         Dr. Jack Legon                                                                    

Theodore Brennan                                  Robert Lombardo                                    
Raymond Cordts                                     Jennifer Lynch                                
Karen Creamer                                        Megan MacMullin                              

Bob Dunphy                                              Larry Marro  

George Frizzell, Sr.                                  Linda McConville   

Dr. Osler Jay Guzon                                Dina Mikulka 

Don Hall                                                    Karen Newburgh

Gary Larson                                             Carolyn Ottenbreit

Richard Lecher, Ph.D.

DIRECTOR EMERITUS

James Drew
Raymond Hecht
Leonard Search
Emil Sorensen, Jr.
Susan Romano
Douglas White

FIDUCIARY RESPONSIBLITY

The Foundation Board of Trustees has delegated supervisory authority over its financial affairs to the Foundation's Investment and Finance Committee.  The Investment and Finance Committee is responsible for regularly reporting on investments to the full Board.  All transactions and planning shall be viewed in light of the Prudent Investor Act principles.

The primary investment objective of the SCARC Foundation is to preserve and protect its assets, by selecting investments for each fund (Operating Reserves and Endowment Fund) appropriate to each fund's time horizon, liquidity needs, and risk tolerance.  Total return, as opposed to current income, is identified as the primary investment objective.

The Board of Trustees and the Finance Committee recognize the legal and moral contract it has with its donors, especially with respect to permanently restricted endowment gifts.  Accordingly, the Investment and Finance Committee shall only adopt investment policies that ensure donor stipulations are strictly adhered to and that protect corpus, in accordance with state law.