WEBVTT 1 "Nathan" (877785344) 00:00:05.024 --> 00:00:21.380 Okay. Well, good afternoon, everyone. Thanks for, finding some time to, to pull together. I know it's been a minute and a lot of things have happened and we've all been very busy, so thanks. It's nice seeing all of us on one call and then Candice may join us as well. She's able to hop on. 2 "Nathan" (877785344) 00:00:21.380 --> 00:00:55.910 To start off, it has been several months since we as a group have been together. I know that France has had their board meetings. We've had some commission meetings and committee meetings, but this particular group of folks on the screen have not been together in a couple of months. Initially, little bit of context, just so we're all on the same page again. Initially, when this entity was created, it was really to have a conversation around funding related to that large gift that was received. Since then, a lot of other things have come into the mix, right? There were some grant stuff that that that. 3 "Nathan" (877785344) 00:00:55.910 --> 00:01:26.630 James and friends were navigating. There's been some. Lots of other things have kind of come into the mix since then. And I know some of that has worked itself out. So what I thought might be helpful for today's conversation to start is probably that we just reorient ourselves a little bit. Jim, of course sent out the most recent treasures report, so thanks Jim for sharing that with those of us that aren't on the friends board. And I took a quick glance at that. Hopefully others have as well. I thought maybe it would be helpful James, not to. 4 "Nathan" (877785344) 00:01:26.630 --> 00:01:46.611 Put you on the spot if you're willing, would you be willing to give just a little bit of a, kind of an update, not necessarily like a financial report, obviously we don't need that, but in terms of that large gift, in terms of the grant situation, how the bank account situation is currently oriented, just so we're all kind of on the same page and then we'll see where we go from there. Is that, is that doable? 5 "James Hoggard" (1511223296) 00:01:46.611 --> 00:02:07.310 Yeah yeah that's doable. So friends just met yesterday and so we did talk about this in detail and so I had included this while I sent it out to all the friends in the meeting. 6 "James Hoggard" (1511223296) 00:02:07.310 --> 00:02:31.940 But, yeah, we received the $10000 gift from anonymous Donor and, and Stephanie can explain it better but it was transferred to an account that I believe it's checking its account and we're waiting for the matching funds or the the the AVT A TVA. 7 "James Hoggard" (1511223296) 00:02:31.940 --> 00:02:51.840 A grant, forward/MTE middle Tennessee electric grant, to come through. And once that comes through, the anonymous donor $10000 will be transferred to a high yield CD and and then the will do the same thing. 8 "James Hoggard" (1511223296) 00:02:51.840 --> 00:03:11.551 It'll be handled pretty much the same way for the, the grant. The grant should have come through so far, we're still waiting but that's pretty much where we're at. Now what we had talked about yesterday, and I'll just put it up there, we don't have to talk about it in deep. 9 "Nathan" (877785344) 00:03:11.551 --> 00:03:14.333 Deal but let me figure out this is different. 10 "James Hoggard" (1511223296) 00:03:14.333 --> 00:03:15.514 Oh, share. 11 "Nathan" (877785344) 00:03:15.514 --> 00:03:19.928 Okay there it is. 12 "James Hoggard" (1511223296) 00:03:19.928 --> 00:03:37.469 Alright, and share. I believe I shared the right thing. Yeah. Okay, so I had, this is the document that Can everybody see that? It says anonymous donor guidelines and conditions for use of. 13 "Nathan" (877785344) 00:03:38.428 --> 00:03:39.990 I can see. Yep, you can see. 14 "James Hoggard" (1511223296) 00:03:39.990 --> 00:04:03.110 Right yep so I wrote this up, and this will go in our file just so for clarity that this money is put in its separate account for this reason and it says that in June 2026 an anonymous donor hence 4th known as AD gifted friends of volunteer Tennessee $10000. 15 "James Hoggard" (1511223296) 00:04:03.110 --> 00:04:22.110 Being Requiring required matching funds for a community care fund grant. A $10000 grant funded by middle, by the Tennessee Valley authority TBA in partnership with Middle Tennessee Electric and transferred to the friends of volunteer Tennessee in July 2026 or. 16 "James Hoggard" (1511223296) 00:04:22.110 --> 00:04:42.110 Or or it will be that grant. And as per the specific guidelines and conditions as laid out and presented by AD as a condition for providing this financial gift, friends of volunteer Tennessee hereby represents warrants and certifies that the funds shall not be bound by terms and conditions. 17 "James Hoggard" (1511223296) 00:04:42.110 --> 00:05:09.689 Of the TVA grant. The TVA grant does have very specific guidelines as to what we can use that money for and what we can't use it for. But this gift shall be managed in a separate bank account from that of TVA grant and strictly used for the following purpose, and that purpose is volunteer tennessee, state employee salaries and door. 18 "James Hoggard" (1511223296) 00:05:09.689 --> 00:05:29.689 I think I up I've updated that so it should read volunteer Tennessee state employee salaries and or travel expenses provided only on the condition that the state or federal funding for volunteer Tennessee staff's salaries is cut or discontinued. 19 "James Hoggard" (1511223296) 00:05:29.689 --> 00:05:39.782 Can you do france foreseeen circumstances? And, and this is how we would invest it. 20 "Nathan" (877785344) 00:05:39.782 --> 00:05:41.183 Now trying. 21 "James Hoggard" (1511223296) 00:05:41.183 --> 00:05:44.792 Yeah, and and so that, that, that'll just be a note. 22 "Nathan" (877785344) 00:05:44.792 --> 00:05:47.550 Okay so that's used for. 23 "James Hoggard" (1511223296) 00:05:47.550 --> 00:05:51.657 Specific purpose. Now the other one is, and I'm not gonna read this. 24 "Nathan" (877785344) 00:05:51.657 --> 00:05:52.685 Yes. 25 "James Hoggard" (1511223296) 00:05:52.685 --> 00:06:12.947 The the incoming grant specifies how the funds can be used. Education, environment, community stewardship, disaster relief, health and hunger, and then it has a long list of ways it cannot be used. 26 "James Hoggard" (1511223296) 00:06:13.905 --> 00:06:19.233 So, and one of them says, and we talked about a travel for employee salary. 27 "Nathan" (877785344) 00:06:19.233 --> 00:06:23.817 So that was our discussion yesterday. 28 "James Hoggard" (1511223296) 00:06:23.817 --> 00:06:33.156 That even though this gift is being used as a matching funds for this grant, we want to make sure that the. 29 "James Hoggard" (1511223296) 00:06:34.234 --> 00:06:43.190 And they don't require that or we're not gonna be audited, they're not gonna ask how we use the the anonymous centers gift. 30 "James Hoggard" (1511223296) 00:06:44.249 --> 00:06:46.291 So, any questions about that? 31 "Nathan" (877785344) 00:06:46.291 --> 00:06:55.550 So just some clarity on my end up regarding the grant. So the Do you have to use those funds from the grant by a certain point or what's the timeline on that? 32 "James Hoggard" (1511223296) 00:06:55.550 --> 00:07:11.059 Well, that's the question that we, our Manjay, he he was on, he's out traveling out of the country and he wasn't available yesterday. So we came up with a list of questions to ask him specifically about. 33 "James Hoggard" (1511223296) 00:07:11.059 --> 00:07:37.095 About these guidelines and that was one of them. So we're waiting but it does say right here that nonprofit must be able to show proof of matching funds and the use of the funds upon request if they ask us and nonprofit must maintain supporting documents for three years. Now is that three years a deadline that we have to use the funds by? We don't know, and that's what I'm asking. 34 "Nathan" (877785344) 00:07:37.095 --> 00:07:50.492 And, and you were saying that to your knowledge that these restrictions on the, the TDA dollars do not have to be applied to the donation. 35 "James Hoggard" (1511223296) 00:07:50.492 --> 00:08:11.127 That's the assumption that we came up with. I didn't specifically ask that question to Jay. I just wanted them to answer if we're gonna be audited and they're gonna be asking us specifically how we're using the funds and is the matching funds included? I'll wait until he answers the 1st half of the question. 36 "Nathan" (877785344) 00:08:11.127 --> 00:08:30.839 No, that's good. Cause if it is could and I'm glad you were thinking about that because if it is one of those cases where our matching funds have to abide by the same rules as the res the funds we're receiving from TBA, then that's gonna answer a lot of the questions we would have had questions about, right? Like if they're gonna they're gonna prescribe it for us, there's NO need to hash it out a little bit. 37 "Nathan" (877785344) 00:08:30.839 --> 00:08:58.015 But I know the staff salaries and being able to pay for staff support was explicitly one of the things that I think people were interested in. So it'll be it'll be interesting to know if that restriction applies or not. So just just to put connection. So looking at the treasurer's report Jim sent out this week, so the, the, the truest bank account I'm assuming that that's the anonymous funds, that's that account, is that right? 38 "James Hoggard" (1511223296) 00:08:58.015 --> 00:08:59.388 Yes. 39 "Nathan" (877785344) 00:08:59.388 --> 00:09:02.755 Okay and then everything else is in pinnacle. Okay. 40 "James Hoggard" (1511223296) 00:09:02.755 --> 00:09:12.839 Okay yeah so we've got the general fund and then the and then in the gift fund. And there are two different different banks, two different accounts. Okay. 41 "Nathan" (877785344) 00:09:12.839 --> 00:09:18.503 Okay, that's helpful. Any other questions for James or any points of clarification on any of those things? 42 "Terry A Silver" (2796074240) 00:09:18.503 --> 00:09:27.509 I would just like to make a comment and and ask for clarity. I understand because the AD money. 43 "Terry A Silver" (2796074240) 00:09:27.509 --> 00:09:44.069 Is restricted to salaries and travel that you want to put it in a different CD. Would it be more beneficial to have both grants in one CD and showing that we can designate that. 44 "Terry A Silver" (2796074240) 00:09:44.069 --> 00:10:03.664 You know, this portion could be used for salaries or travel and this portion's only used according to the restrictions of the MT Let's see what you call it MT middle Tennessee electric grant. Does that make sense? 45 "James Hoggard" (1511223296) 00:10:03.664 --> 00:10:32.212 Yeah, that makes sense, and I, and I would expect it, you know, to earn a higher yield together, but, I I think it's easier to be accountable as to how the money is used if they audit us that we can specifically keep them separate for that reason. That's the thought, the, and that's the the thought in mind than having the two accounts, but yeah. 46 "Nathan" (877785344) 00:10:32.212 --> 00:10:54.177 And am I interpreting correctly James, that for the TVA funds, the assumptions that those monies are, are actually going out the door as opposed to this $10000 that we have is a little bit more of a rainy day fund, right? Like we're not tapping into it outside of emergencies. Is that accurate? The TBA dollars should be spent, we should be sitting on them. 47 "James Hoggard" (1511223296) 00:10:54.177 --> 00:11:07.090 Or is that? No, we don't have to be sending Like I said, there's a long list of things that we could use them for. Okay. So yeah, we don't have to sit on that. And so the fact that this would be available for use excuse my screen, I'm trying. 48 "Terry A Silver" (2796074240) 00:11:07.090 --> 00:11:08.404 It's a beautiful. 49 "Nathan" (877785344) 00:11:08.404 --> 00:11:10.750 Yes, gorgeous. 50 "James Hoggard" (1511223296) 00:11:10.750 --> 00:11:16.421 I'm trying to find out where the screen is so I can, where, where are we? 51 "Nathan" (877785344) 00:11:16.421 --> 00:11:19.021 I can't see him. 52 "James Hoggard" (1511223296) 00:11:19.021 --> 00:11:23.343 Anybody, anyway, not to be distracted. 53 "Terry A Silver" (2796074240) 00:11:23.343 --> 00:11:52.452 Well, while you're doing that James Jim, let me ask you a question. Given the information we have, how do you feel about the two separate money, the grant, and then the donation? And I mean, in terms of the uses for both funds, how, how does that meet the needs of, of you and your staff? 54 "Terry A Silver" (2796074240) 00:11:54.231 --> 00:12:01.317 Oh, you're muted again. That happens. 55 "Jim Snell" (1037826304) 00:12:01.317 --> 00:12:27.089 Okay, based on my understanding of how the TVA money can be used, I I think that money will have to be used for things like programming, maybe the conference, you know, if we had like. 56 "Jim Snell" (1037826304) 00:12:27.089 --> 00:12:42.653 Statewide service days or something like that. I think it could be used to support that kind of thing. Okay. So it's it's more of the, the stuff that's kind of externally failed. 57 "Terry A Silver" (2796074240) 00:12:42.653 --> 00:12:45.103 How that. 58 "Jim Snell" (1037826304) 00:12:45.103 --> 00:12:52.799 Money can be used I think, and the anonymous donor then is, is kind of the opposite. It it's meant to. 59 "Jim Snell" (1037826304) 00:12:52.799 --> 00:13:08.189 To essentially be a back stop in case there's problems with either our state or federal funding to help support staff in case there's any kind of gap that might need to be filled. 60 "Jim Snell" (1037826304) 00:13:08.189 --> 00:13:28.189 So I and I, I think I think it's ok that they kind of have different purposes. The kind of the question that, you know, James already mentioned and someone asked already is like how much time do we have to use the TVA money? I mean, does it have to be used in a year, in three years? 61 "Jim Snell" (1037826304) 00:13:28.189 --> 00:13:41.213 Is in 20 years, yeah, what's the time frame on that? Because that, that will, to a large extent really impact how we can use effectively use. 62 "Terry A Silver" (2796074240) 00:13:41.213 --> 00:13:43.014 That money cause. 63 "Jim Snell" (1037826304) 00:13:43.014 --> 00:14:09.439 Cause if it, if it has to be used say within a year, we would have to, you know, we would have to probably use a big chunk of it for the conference, and then think about other ways that we might do it. I mean, we, we, and I James I'm sorry I don't remember if you mentioned this, but we talked about the possibility of perhaps friends doing mini grants. 64 "Jim Snell" (1037826304) 00:14:09.439 --> 00:14:33.694 And if the money has to be used fairly quickly, that, it it could make many grants e.g. for I think kind of the, the kind of factoring in when the money might come in and then when the next kind of opportunity would be. The Martin Luther King junior. 65 "Nathan" (877785344) 00:14:33.694 --> 00:14:35.514 They have service. 66 "Jim Snell" (1037826304) 00:14:35.514 --> 00:14:43.332 In January, you know, so many grants to support service or service learning projects around that. 67 "Terry A Silver" (2796074240) 00:14:43.332 --> 00:14:46.052 Day could be an option. 68 "Jim Snell" (1037826304) 00:14:46.052 --> 00:15:11.509 Yeah, but if we have longer to use it, then I think we can be a little bit more thoughtful and and make a more of a plan on you know kind of over whatever period of time we have to use it, what's the best way to use that money that's gonna best support the commission and, you know, the, the state service plan that that we have in place because that state service plan has a lot in there in terms of. 69 "Jim Snell" (1037826304) 00:15:11.509 --> 00:15:20.051 Stuff that we'd like to do, but that we might not necessarily have funds to do all of it. 70 "Terry A Silver" (2796074240) 00:15:20.051 --> 00:15:26.336 I would really love to see, more service learning opportunities for K twelve. 71 "Jim Snell" (1037826304) 00:15:26.336 --> 00:15:28.150 That would be really. 72 "Terry A Silver" (2796074240) 00:15:28.150 --> 00:15:32.907 Need if we could find some folks that would, you know, apply for many grants for that, that's. 73 "Jim Snell" (1037826304) 00:15:32.907 --> 00:16:03.629 Yeah yeah and and just to to give a little context for folks about that, the last time we did the, specifically offered service learning many grants, we got we did volunteer center grants and and service learning grants at the same time and so we offered many grants for both purposes, and we got, I think about maybe six or seven proposals for the. 74 "Jim Snell" (1037826304) 00:16:03.629 --> 00:16:26.541 Service learning and we we ended up funding I think about four of those. So we didn't get we were hoping to get more but yeah but we got what we got. So, but there are some pretty reliable partners that we have across the state that are interested in service learning and could certainly utilize a many grant. 75 "Nathan" (877785344) 00:16:26.541 --> 00:16:57.829 That'd be cool. Yep. Jim, can I ask, so for the for the for the donor funds, so there's $10000 we already have that's intended for salary travel, backup. Walk me through what that would look like in theory or not in the in practice. So let's say you have a staff member on your team who, for whatever reason, they're a portion of their salary or some, some component of their job grants behind or grant's been cut, you know, whatever it might be. How. 76 "Nathan" (877785344) 00:16:57.829 --> 00:17:04.306 Physically would that work? Like cause I'm assuming we can't friends can't just be paying them. 77 "Jim Snell" (1037826304) 00:17:04.306 --> 00:17:05.089 Salary of a rand. 78 "Nathan" (877785344) 00:17:05.089 --> 00:17:09.278 Employee, state employee, right? How would that look in practice? 79 "Jim Snell" (1037826304) 00:17:09.278 --> 00:17:22.649 Yeah, so the in practice what that would look like would, it would be that friends friends would have to give the money to volunteer Tennessee either through. 80 "Jim Snell" (1037826304) 00:17:22.649 --> 00:17:39.809 A grant or I, I I don't know what kind of specific vehicle friends might use, but essentially they'd have to cut us a check. Kinda, kind of the same way when they collect donations specifically for the conference or the DVSA. 81 "Jim Snell" (1037826304) 00:17:39.809 --> 00:17:59.809 And and and so the donor intent for those is for those things to go to those things and then after friends has collected the money, they cut us a check for the amounts that they've collected so it would be something like that and then we would, you know, internally we would put that, that money. 82 "Jim Snell" (1037826304) 00:17:59.809 --> 00:18:21.209 Any into a specific cost center, that would be designated as, as the friends donation or grant or however it would be phrased, and then utilize that cost center to support the salary of that particular person. 83 "Nathan" (877785344) 00:18:21.209 --> 00:18:22.330 That makes sense. 84 "James Hoggard" (1511223296) 00:18:22.330 --> 00:18:38.613 Because my thought is if we're working with limited funds, do we have to develop some guidelines as to how many payments would be made and and is there a limit of payments as to. 85 "Nathan" (877785344) 00:18:38.613 --> 00:18:57.859 Yeah. Yeah, and I think that's probably one of the tasks of this group really for us to think through and of course in coordination with you all. One thing that I'll I'll say just so it's on the record and we're all on the same page, at the end of the day, I mean, we're the ad hoc committee of the commission. The funds have been donated. 86 "Nathan" (877785344) 00:18:57.859 --> 00:19:15.389 To friends. Friends is the fiduciary responsive, you know, has responsibility for those funds. So I think really all we're probably doing as us, obviously there's a lot of overlaps of several of you on the screen are also on friends. But just recognizing that really probably what we're, we're doing is making some recommendations that you as a board then can. 87 "Nathan" (877785344) 00:19:15.389 --> 00:19:35.389 Workshop and approve, cause at the end of the day, you're the one that has responsibility for those funds, right? As as the as from a finuciary perspective. What I think, yeah, James I'm in agreement with you, what I think needs to happen is we probably need to create some guidelines that we as the commission agree with and are on board with and that you all agree with or on board with about. 88 "Nathan" (877785344) 00:19:35.389 --> 00:20:03.719 About what the use of those funds is, which you've already done, which is good. You've already written that into the document you have. How does the commission or the commission staff access those funds, right? What is that process? Is there a, is there a formal request that comes from Jim to the friend board that outlines the needs, the expected timeline, the cost affiliated, the justification that the friend's board then reviews, approves, and then writes a check. Maybe it's as simple as that. 89 "Nathan" (877785344) 00:20:03.719 --> 00:20:23.719 Are there also limitations on the fund itself, right? Do we say we never want that part of money to go below a certain amount? That way it can replenish itself? Because I could easily see how ten $10000 a lot of money and it's not a lot of money, right? And we could spend $10000 very, very quickly on a salary or on some a couple of people's salaries, so we're just. 90 "Nathan" (877785344) 00:20:23.719 --> 00:20:43.719 Couple of months. So is there some guidelines from the friend side that we don't ever want that, that fund to go below X amount so that it can replenish a little bit? Or is there an intentionality behind trying to get the money in that pot more than 10000? What happens to interest, right? Does that interest stay in that pot? Does that interest go elsewhere. 91 "Nathan" (877785344) 00:20:43.719 --> 00:21:14.855 Where because if it is gonna be in a high interest or a high yield account, it's gonna make some money. I mean, even if that 10000 sits there, you're probably gonna get three or $400, I hope well with this economy maybe, but ideally you're getting, you know, you're getting a little bit of money off of it. Where is that money going? Does that, are we compounding and it's just going right back into the fund or is that money coming off the top and going to support some of the other programs? So I think those are all things that we probably need to to flesh out a little bit, and just think from the discussion we've had that. 92 "James Hoggard" (1511223296) 00:21:14.855 --> 00:21:28.414 The purpose of it being in a high yield account is that it would continue to grow and if the emergency holds off for a couple of years, we're doing better than $10000 in a few years, so. 93 "Nathan" (877785344) 00:21:28.414 --> 00:21:49.009 Nope, I think that makes sense. One other question I'll throw out there for the group that we also will want to think about at some point and I have thoughts on this and some of you on the screen may I'm not one of these people, but some of you all on the screen might be in this vote, is also us navigating the very real reality that. 94 "Nathan" (877785344) 00:21:50.189 --> 00:22:10.189 If you've got this pot of money that friends is controlling, that is to support that may go to support staff for funding gaps for the commission and several of the commissioners and commission staff are the people making the decisions about the money. I think that's a very clear clear conflict that we probably need to navigate in advance. 95 "Nathan" (877785344) 00:22:10.189 --> 00:22:29.429 So it's not a predicament in the future, right? I mean, I think about you've got Jim, you've got Candace, and then you've got what, four commissioners that are also on the board of friends I think or might be more than that, that essentially maybe approving funds that they then are gonna receive as the commission. I don't know how we navigate. 96 "Nathan" (877785344) 00:22:29.429 --> 00:22:53.632 That, right? Like, I mean, I think Candice's, if I'm not mistaken Jim, I think Candace's salary was one of the things that was in a little weird place during this last situation. So I wouldn't want to put Candice in a position where she's as a friend's board members having to make decisions on a fund that ultimately is gonna go help offset her salary, right? So we just need to navigate all that. 97 "Jim Snell" (1037826304) 00:22:53.632 --> 00:23:16.165 Yeah, well yeah sure and and that certainly for friends would that would be an instance where they would need to think about conflict of interest also because I mean, that is a, that is a possibility. 98 "James Hoggard" (1511223296) 00:23:16.165 --> 00:23:31.026 So we're saying that if we, we vote on this friends votes on this, that paid salary commission members should not participate in such a vote. 99 "Nathan" (877785344) 00:23:31.026 --> 00:23:52.079 I think that's something to talk about. I don't know if it has to be that black and white, right? But I, I definitely think that's something that if, if we wanna, we/friends should probably have conversations about in advance so we're not having to figure it out in the middle of the crisis, ideally, but, but yeah, it like what are the limitations on. 100 "Nathan" (877785344) 00:23:52.079 --> 00:24:12.079 Who's the and does everything go to the whole friend's board? That could be a question, right? If something is a little timely and it is an emergency, is that something that just an executive committee could decide on? Or is there a, a special group of people within the friends board that is making those decisions that don't have those conflict, right? Like or does everything go to the full friends board? Like those are all. 101 "Nathan" (877785344) 00:24:12.079 --> 00:24:27.809 Things that I think could be questions cause it could just say hey there's a small group of four people that doesn't consist of commission staff and commissioners that will be reviewing these. That could be your solution, right? I mean, it could, there's lots of possible avenues I think. I guess what I would like clarity on. 102 "James Hoggard" (1511223296) 00:24:27.809 --> 00:24:46.889 Because in my view, any money we have is for volunteer tennessee. Yep. And you tell me what you need and we'll send it to you. You know, we're here to support volunteer Tennessee. So I guess we would need clarity on. 103 "James Hoggard" (1511223296) 00:24:46.889 --> 00:25:06.496 There are the regarding the projects that volunteer friends of volunteer Tennessee is is doing and what funding we allocate for those specific things and then everything else would be, do you need, but does volunteer Tennessee need this money? Here it is. Yeah, so. 104 "Eileen Wollam" (1484885760) 00:25:06.496 --> 00:25:23.309 I think that I definitely see the, you know, see the conflict with staff, I I'm kind of on the fence about with actual commission members. 105 "Eileen Wollam" (1484885760) 00:25:23.309 --> 00:25:39.299 Cause the money would not, any money that would come to support staff or fill in gaps would not go to to mission members. 106 "Eileen Wollam" (1484885760) 00:25:39.299 --> 00:25:54.599 Personally, although it would, it could go to staff members personally. So that, that's one reason why I'm kind of reluctant about that conflict. The other thing is. 107 "Eileen Wollam" (1484885760) 00:25:54.599 --> 00:26:16.668 We, we're we're not a big board and friends and you know currently we have two people who are not commission members and I think one of them might be going to become a commission member. So that would leave us with. 108 "Nathan" (877785344) 00:26:16.668 --> 00:26:18.766 Love it. 109 "Eileen Wollam" (1484885760) 00:26:18.766 --> 00:26:25.795 So, that, that, that would be another concern for me. 110 "Nathan" (877785344) 00:26:25.795 --> 00:26:54.719 So at this point Jim I'm gonna jump back to your, your question about, is this a grant? Is it a I think that's probably where we're at right now is what is that actual process by which you as the executive director and or your staff, whatever, however volunteer tennessee. How does volunteer Tennessee say we are ready to tap into that money and here's why or here's the justification. Is that as simple, is this just a. 111 "Nathan" (877785344) 00:26:54.719 --> 00:27:11.337 In writing, the executive director has to request these, these specific things with these parameters. It goes, has to go to the board chair of friends by which they then review and make a decision. Is it just that simple or does it need to be more complex? Like a, like a mini grant or a. 112 "Jim Snell" (1037826304) 00:27:11.337 --> 00:27:28.289 What do you think? Yeah I mean that's, that's a good question. I I think I think friends will want to, give spell out some directions and and not that they have to be super detailed, but. 113 "Jim Snell" (1037826304) 00:27:28.289 --> 00:27:48.289 I'm just in parallel, just talking about, you know, what we've already talked about when, when there's donations for the conference in GVSA. I mean we we we generally know who is given money and we, you know, we know we maybe we've got a sponsor who's sending a check for $5000 and. 114 "Jim Snell" (1037826304) 00:27:48.289 --> 00:28:09.989 So we check with Stephanie and she tells us when it's arrived and when it's arrived, we send an invoice to friends for that amount, knowing that it's been donated and knowing that it's been donated for a specific purpose. And it's a pretty simple invoice that just says what it's for in the amount. 115 "Jim Snell" (1037826304) 00:28:09.989 --> 00:28:29.989 So, something like that, but maybe a little different, where friends would set out if we need to use this money, the, and you might not want to specify the executive director because it. 116 "Jim Snell" (1037826304) 00:28:29.989 --> 00:28:37.572 You know, maybe, maybe for whatever reason it's it's someone, someone else. 117 "Nathan" (877785344) 00:28:37.572 --> 00:28:39.978 Maybe it's out. 118 "Jim Snell" (1037826304) 00:28:39.978 --> 00:29:07.829 Adam or or maybe, maybe it's maybe it's another staff member, but someone with authority someone within state government that's connected with volunteer of Tennessee does something that maybe includes a couple bits of information like what's the situation? Is there a time limit on the situation? How much money do we need? You know, kind of those kinds of things of like you, you. 119 "Jim Snell" (1037826304) 00:29:07.829 --> 00:29:24.059 Give up like 4345 bits of information and request the money and and then and then I I would think that even though friends. 120 "Jim Snell" (1037826304) 00:29:24.059 --> 00:29:44.059 It sounds like we'll probably develop a general policy for how to handle this. I would think that they would want to vote on that specific outlay of funding because unless unless you have, unless the org, and this is my understanding of how. 121 "Jim Snell" (1037826304) 00:29:44.059 --> 00:29:59.551 Profits work generally. And unless you have a specific budget with specific line items that has been pre approved by the board, you can't just cut a check anytime you want. The the spending has to be approved by the board. 122 "Nathan" (877785344) 00:29:59.551 --> 00:30:01.272 Yeah, so. 123 "Jim Snell" (1037826304) 00:30:01.272 --> 00:30:06.172 I, I think that would be in my mind, kind of what the process would look like. 124 "Nathan" (877785344) 00:30:06.172 --> 00:30:28.529 Okay. No, I, I think that makes sense. And then I think on the, the flip on the back side of that, I think what friends can then determine is, yeah, what does that review process look like? Once they've gotten that request, whatever that request is, what does that look like? But I think I'm in agreement with you, Jim, that I don't think, I think there has to be an approval. Who's approving I think is a question that right that. 125 "Nathan" (877785344) 00:30:28.529 --> 00:30:45.385 We could debate, but, yeah, I think there has to be because at the end of the day, the goal of the, we want to ensure that we're not using these dollars for operational expenses and that we're honoring the intent of those dollars and that we're maximizing them and that needs to be thoughtful and yeah, yeah. 126 "Jim Snell" (1037826304) 00:30:45.385 --> 00:31:05.779 Well, and and in terms of who, I mean I would think like you mentioned earlier, it would either be the executive committee or of the of friends or or the full board, but taking into account what we've already discussed of like if there's a conflict of interest, you, you wouldn't, you wouldn't want anybody with a conflict to be part of that vote. 127 "Jim Snell" (1037826304) 00:31:05.779 --> 00:31:17.958 But that, I mean that's a pretty simple thing to do to just, you know, in the minutes acknowledge that so and so had a, had a conflict and they recused themselves from the vote. Yep. 128 "Nathan" (877785344) 00:31:17.958 --> 00:31:44.479 I mean it happens with the volunteer to the C commission all the time. Yeah, yeah. The other specific situation, but the other thing that perhaps worthy of thinking about James, in addition I I agree with Jim, I think that process seems simple enough that it's not gonna be complicated and that they can access the money when they need it, but not so simple that we're gonna blow through these dollars of NO time with NO oversight, right? It seems like a good balance. The other question I think the thing. 129 "Nathan" (877785344) 00:31:44.479 --> 00:32:03.239 About though, which I think you mentioned James is, are there some limitations that friends wants to give itself, right? Like we're, we're not gonna, you know, we're only gonna write a check for so much or we're only gonna limit the number of times we're gonna do it doing it, right? Because at some point it's again. 130 "Nathan" (877785344) 00:32:03.239 --> 00:32:21.689 Two months in somebody's salary, you'll spend $10000, right? Maybe three if you stretch it. So is there some limitations like we'll only we'll only do one disbursement per emergency or the maximum amount per situation is X. 131 "Nathan" (877785344) 00:32:21.689 --> 00:32:41.689 Because we don't want to write write one big check for $10000 and then there, there it is it's gone forever. I don't know what those numbers are, right? Like or or how often we expect to tap into it. Hopefully not often. I think that's the goal that we don't tap into it often, but again, one situation I can see how you would easily spend your $10000. So there might need to be some parameters, right? Like we're. 132 "Nathan" (877785344) 00:32:41.689 --> 00:32:45.909 We're not gonna spend more than this or however that, whatever that looks. 133 "James Hoggard" (1511223296) 00:32:45.909 --> 00:32:49.440 Yeah, and unless an emergency is well foresee. 134 "Nathan" (877785344) 00:32:49.440 --> 00:32:51.889 If it just jumps in and out of nowhere. 135 "James Hoggard" (1511223296) 00:32:51.889 --> 00:33:19.288 There's still gonna be a delay because if we have this in a3Da3 month CD investment, you're gonna have to wait for it. So, yeah, that's the only thing I could see. But yeah, having the procedures and limitations so that it's just to help people survive until unless it, it just continues to grow at an outrageous. 136 "Nathan" (877785344) 00:33:19.288 --> 00:33:27.712 Let me ask this, are there any concerns with it being a CD versus like a, a high yield savings or something with a little more? 137 "James Hoggard" (1511223296) 00:33:27.712 --> 00:33:30.773 Oh, NO, but wherever we're gonna get the highest you. 138 "Nathan" (877785344) 00:33:30.773 --> 00:33:44.699 Yeah, yeah. Because if let's say it isn't a three let's say three months is your access point, right? You're on the front end of that, Jim, if, if you had to pay a salary, could you wait three months? 139 "Eileen Wollam" (1484885760) 00:33:44.699 --> 00:33:47.592 To be reimbursed for that salary, I mean. 140 "Nathan" (877785344) 00:33:47.592 --> 00:33:50.588 Is that even realistic or is that. 141 "Jim Snell" (1037826304) 00:33:50.588 --> 00:34:21.889 Possibly yeah because with with I mean I guess it depends on when and when it happens because, you know, we get our state appropriations when the General assembly makes that vote and you know it's there beginning, beginning of the state fiscal year and we have it available throughout this fiscal year. I mean unless there were some sort. 142 "Jim Snell" (1037826304) 00:34:21.889 --> 00:34:42.499 Sort of, act by the general assembly to say that we're gonna claw back that money. That money's there for, you know, twelve months. And the the same is generally true of our, our federal funding, and so the the situation last year. 143 "Jim Snell" (1037826304) 00:34:42.499 --> 00:35:00.349 We were waiting on new money but we had the old money and we still had some of that old money left, but, it wouldn't have lasted forever, but it probably would have lasted for three months but you know what are the odds of a, you know, this coming up? 144 "James Hoggard" (1511223296) 00:35:00.349 --> 00:35:05.826 Up and we are right at the beginning of the three months of reinvestment. So. 145 "Nathan" (877785344) 00:35:05.826 --> 00:35:07.363 Yeah. Yeah. 146 "Jim Snell" (1037826304) 00:35:07.363 --> 00:35:27.499 Well, and and the the one the thing that would be pretty precarious though would be if, if something happens at the very end of the state fiscal year before we have our new appropriations and or or at the end of of federal government, kind of like what happened last year, we were. 147 "Jim Snell" (1037826304) 00:35:27.499 --> 00:35:54.208 We're at the end of a three year grant and we didn't have our new money, but we had some old money left, but so if something like that happens again, that's maybe a little bit closer to the very end of the the old grant and we don't have new money yet, but we could potentially have less time, but I I would say in general three months is probably not, not unrealistic to be able to survive. Okay. 148 "Nathan" (877785344) 00:35:54.208 --> 00:36:14.839 Then go for the high yield James, that's what I just heard. Let let let me ask this other question too. And this might be a Stephanie question. I think Stephanie's still on, maybe. I know all of these you're not gonna have the TVA dollars, you're not gonna have these dollars and you had the dollars you had before. 149 "Nathan" (877785344) 00:36:14.839 --> 00:36:40.956 And new donations that come in. In terms of just managing all of this and systems and processes, I know you're at a couple of different financial institutions now you're not all at the same one. Is it manageable? Is it, I mean just being very practical from like a Stephanie perspective, is it manageable? Is does there need to be some a software investment? Does there need to be some support? Stephanie, what are your thoughts? 150 "Stephanie Davis" (1589181440) 00:36:40.956 --> 00:36:45.376 Right now everything is manageable. Okay, ok. Yeah. 151 "Nathan" (877785344) 00:36:45.376 --> 00:36:53.910 Okay, that's good. I just wanted to make sure it's like cause you know as we start complicating things more that did not turn into like a Stephanie's like, whoa, you know, slow down. 152 "Eileen Wollam" (1484885760) 00:36:53.910 --> 00:36:56.890 A lot to handle and I'm volunteer. 153 "Nathan" (877785344) 00:36:56.890 --> 00:37:19.619 Hearing and I just want to respect that, the reason I, the reason I bring that up is one of the things we had talked about early on when we had, I think our 1st meeting was, is there a need for any of the interests from this account, even if it's like 1 % or something to go into an operational account for friends itself that can be spent on friends? 154 "Nathan" (877785344) 00:37:19.619 --> 00:37:39.619 I I don't think that's out of the question if if you know are there some monies that need to go towards actual friends expenses because you all don't have a lot of expenses because you're not, you don't have full time staff, but there is website, there is some marketing promotional opportunities, there's some platform costs potentially, right? I mean, there are some other costs. There maybe an audit in the future. 155 "Nathan" (877785344) 00:37:39.619 --> 00:37:47.686 Right, is there value in a small percentage? If you're gonna be in a high yield and it's gonna be produced at least a few hundred dollars a year. 156 "James Hoggard" (1511223296) 00:37:47.686 --> 00:37:50.923 What does it say for a hundred dollars of that to. 157 "Nathan" (877785344) 00:37:50.923 --> 00:37:59.124 To just get dropped into a bucket that is for friends itself to spend up friends costs. Is there value in that? 158 "James Hoggard" (1511223296) 00:37:59.124 --> 00:38:18.172 Anything to grow our account? Yeah, we've got that general fund and then Stephanie would clarify this better but one of the reasons in terms of management that we're using two different banks is that the the new bank offers a higher percentage yield, so. 159 "Stephanie Davis" (1589181440) 00:38:18.172 --> 00:38:27.569 Yes, that's correct. It's 3.19 and Pinnacle was one 1.9. So there's a huge difference. 160 "Nathan" (877785344) 00:38:27.569 --> 00:38:48.130 If there was, let's say at some point there did need to be like an audit or something that we had to have professionally done and paid for, where would those expenses come right now? Would they just come out of that general account at Pinnacle or what, what would cover a cost like that if something like that had to happen? 161 "Stephanie Davis" (1589181440) 00:38:48.130 --> 00:38:51.408 I believe it would come out of general witn't it? 162 "Stephanie Davis" (1589181440) 00:38:54.567 --> 00:38:56.249 Sorry, that I've never had that question. 163 "Nathan" (877785344) 00:38:56.249 --> 00:38:59.330 No, you're good, you're good. Just trying to. 164 "Stephanie Davis" (1589181440) 00:38:59.330 --> 00:39:02.604 I was like, yeah. 165 "Nathan" (877785344) 00:39:02.604 --> 00:39:30.940 Trying to think ahead just as you know as as the costs of the amount of money that you all have access to and and are holding increases the likelihood of some of those things also increases. So just trying to be, to be thoughtful about some of that. But going back to like you've got this general fund that you all have access to, are any, are those moneies only being spent on you all or are those money's also going out the door externally? And that might be a Stephanie or a James question. 166 "Stephanie Davis" (1589181440) 00:39:30.940 --> 00:39:37.111 With the general fund, we use that for like expenses like the tableclock. 167 "Nathan" (877785344) 00:39:37.111 --> 00:39:49.410 Got it, ok. Yeah, stuff like that. Okay. Yeah. And, and are people designating that or or where's that those funds coming from? Or those like the undesignated dollars? 168 "Stephanie Davis" (1589181440) 00:39:49.410 --> 00:39:54.491 And that's the undestinated. Yep. 169 "Nathan" (877785344) 00:39:54.491 --> 00:40:10.260 Well, one thing I've throw out there for consideration James, for you and the board to think about is if there's value in you pulling a little bit of money off the top of this high interest account to go into your general fund to just offset the fact that you all are gonna have some other costs. 170 "Nathan" (877785344) 00:40:10.260 --> 00:40:25.287 Worth I don't think that that's not uncommon, that's a common practice for for entities that do fiscal sponsorship and things. I don't think it would have to be much even if it was 1 % right of the interest. I mean that you know you might get a few hundred dollars a year. 171 "James Hoggard" (1511223296) 00:40:25.287 --> 00:40:29.251 And do that with the TVA grant. 172 "Nathan" (877785344) 00:40:29.251 --> 00:40:58.410 And just leave the other alone. Yeah. I would be good with that so yeah so so in terms of I know we've got about 15 20 min left. In terms of next steps, it sounds like trying to get some of these questions written out on paper in terms of maybe a proposed process. Jim kind of outlined what he thinks it looks like from his lens if he or a staff member was to request the funds. Obviously I think you all thinking about assuming you get that request, whatever it looks like. 173 "Nathan" (877785344) 00:40:58.410 --> 00:41:17.026 What then is your approval process? Is it just the executive committee? Is it some other group of people? Is there a turnaround time? You know, are there special policies or procedures that need to be looked at? J James, is that something that you, you think you wanna take a stab at or is that something you need help? 174 "James Hoggard" (1511223296) 00:41:17.026 --> 00:41:20.320 I can draft something and we can talk about wording. 175 "Nathan" (877785344) 00:41:20.320 --> 00:41:27.785 Okay. What, what else are we missing? I know we've talked about a whole lot of things just now, but. 176 "Eileen Wollam" (1484885760) 00:41:27.785 --> 00:41:46.080 I'm wondering if if Jim or staff of volunteer Tennessee, Susan need to tap into some of that emergency money. 177 "Eileen Wollam" (1484885760) 00:41:46.080 --> 00:42:04.170 Should before, before the request comes to friends, should it go to through the commission or at least the executive board of the commission? Should the commission itself be involved in some way to say, Yeah, ask friends? 178 "Eileen Wollam" (1484885760) 00:42:04.170 --> 00:42:11.246 I, I don't have an answer to that. I'm just wondering. 179 "Nathan" (877785344) 00:42:11.246 --> 00:42:26.551 I, I think that's a great question. I'll give my $0.02. I think I The whole commission I feel pretty confidently NO, because I feel like that would just be such a barrier because we meet so infrequently. 180 "Nathan" (877785344) 00:42:26.551 --> 00:42:55.298 The executive committee maybe is a little bit more realistic because they could pull together a last minute as needed call if they needed to, but then taking that a step further, even one lesser level, is it even necessarily that the commission has to have or does there have to be permission from the commission or is it simply more of like a commission notification? Right I'm on a couple of boards where it's not that you have to get permission from the board, you just have to notify. 181 "Eileen Wollam" (1484885760) 00:42:55.298 --> 00:42:58.647 On the board, right? Because if Jim, I mean. 182 "Nathan" (877785344) 00:42:58.647 --> 00:43:29.384 To give Jim all the power, but to say Jim, Jim knows his staff, Jim knows the financial situation. If he's in a little bit of a pickle on a salary situation, he needs to work that out pretty quickly. Is it, is it sufficient enough for Jim to fill out the form, do whatever the process is, notify Terry as the chair and say, here's what we're doing, blah, blah, blah, and send it on and not have to necessarily get approval. I I'm on a couple of boards that function like that just so so that person can work a little expeditiously if they need to, but. 183 "Eileen Wollam" (1484885760) 00:43:29.384 --> 00:43:31.344 I don't know Jim, thoughts? 184 "Jim Snell" (1037826304) 00:43:31.344 --> 00:43:36.540 Yeah, well, I I'd have to go back and look specifically at the. 185 "Jim Snell" (1037826304) 00:43:36.540 --> 00:43:52.500 Volunteer Tennessee bylaws. I mean the the they do delegate certain responsibilities to the executive director and, and staff. In in practice what we typically do when we're. 186 "Jim Snell" (1037826304) 00:43:52.500 --> 00:44:12.500 Looking to ask for money through through a grant or whatever it is. We we present a budget to the commission to approve, which is essentially them approving us requesting the money that's contained in that budget. 187 "Jim Snell" (1037826304) 00:44:12.500 --> 00:44:34.530 Now I I again, I'd have to look at the the bylaws I don't know that that is strictly necessary that, that we do that, so it could be that in this specific case that the executive director could just request the, the funding directly and and get it and then notify the. 188 "Jim Snell" (1037826304) 00:44:34.530 --> 00:44:54.530 The commission afterwards, again, I'd have to look at the the bylaws to make sure that we wouldn't be getting outside of what's in the bylaws I don't I don't think it would be, but I I think it's also easy enough generally especially if there's an emergency situation to pull together at least the executive committee. 189 "Jim Snell" (1037826304) 00:44:54.530 --> 00:45:12.051 To have a discussion on that kind of thing so I wouldn't have any concerns about moving quickly if, if we just understood that the executive committee would be involved. 190 "Terry A Silver" (2796074240) 00:45:12.051 --> 00:45:30.870 I would just like to say that it right now the commission has people who are good, trustworthy, and, and making, you know, thoughtful, intentional decisions. And we need to protect. 191 "Terry A Silver" (2796074240) 00:45:30.870 --> 00:45:50.870 We need to protect that type of integrity in our decision making on the, on the monies that we have here. And I think, I mean, I would love for Jim to be the executive director for the next 50 years, but that's probably not gonna happen. And I I think it would be a good idea. 192 "Terry A Silver" (2796074240) 00:45:50.870 --> 00:46:17.110 To have an executive committee review that and say yeah that that's, that sounds like that's definitely a need. That's just my opinion because I have seen some misuse of funds in boards and and in companies and you go, what? They, that happened. It's like, you know, so we we should be thinking in terms of the integrity of, of what we have before us with this money and how we use it. 193 "Nathan" (877785344) 00:46:17.110 --> 00:46:20.889 I think that makes sense. And Jim hopefully you'll be here another 50 I feel like you got it in. 194 "Jim Snell" (1037826304) 00:46:20.889 --> 00:46:25.323 Yeah, maybe my AI version will be around. 195 "Jim Snell" (1037826304) 00:46:27.331 --> 00:46:31.350 But I I think I think Terry makes a really great point that the, the. 196 "Jim Snell" (1037826304) 00:46:31.350 --> 00:46:51.350 Thought process on this should be not about specific individuals like like you're relying on me, Jim Snell to be trustworthy, but you know, it's gotta be beyond individuals and think about structures and systems and I think that's a great point. And so again even if it's not strictly. 197 "Jim Snell" (1037826304) 00:46:51.350 --> 00:47:04.369 Required, through the bylaws to have the executive committee involved in this kind of thing, I think it would be, it would be a really good idea. And again, I haven't looked at the bylaws so I'm not sure. 198 "Nathan" (877785344) 00:47:04.369 --> 00:47:19.230 Yep. No, I think that makes sense. So, so just to reiterate what I'm hearing in terms of full process, so staff of volunteered Tennessee identifies that there's a need, whatever that need is that, oh, we need these resources for X reason, here's what we need, Jim or otherwise. 199 "Nathan" (877785344) 00:47:19.230 --> 00:47:49.373 They then would present in some quick format to the executive committee a request saying I would like to to ask friends for money. Here's the justification, here's the reasoning, do I have your ok to do that? That request would then go to friends where friends would vote whether or not to actually issue the money. So there's a there's an approval from the commission on whether or not we ask and there's an approval from friends on whether or not they extend. Is that what I'm hearing? Does that sound. 200 "Terry A Silver" (2796074240) 00:47:49.373 --> 00:47:50.535 Right, this is a little bit of like a. 201 "Nathan" (877785344) 00:47:50.535 --> 00:47:54.695 So you've got 222 fell safes really. Yeah. Does that sound right? Yeah. 202 "Eileen Wollam" (1484885760) 00:47:54.695 --> 00:47:57.314 Yeah, that sounds good. It sounds responsible. 203 "Nathan" (877785344) 00:47:57.314 --> 00:48:00.100 Yep yep James, did you get all that? 204 "James Hoggard" (1511223296) 00:48:00.100 --> 00:48:02.595 Yep yep in my short hand. 205 "Jim Snell" (1037826304) 00:48:04.855 --> 00:48:10.947 Well, and this meeting is being recorded, so we'll we'll have the recording available later to you. 206 "Nathan" (877785344) 00:48:10.947 --> 00:48:27.270 Good, so I think that, I think that's helpful. I I definitely think this is the right direction and it sounds like we've I think it'll also be nice that none of this will be fluid, like having a written process that everybody is clear on and fully understands. Yeah. I think will always work in our favor and hopefully. 207 "Nathan" (877785344) 00:48:27.270 --> 00:48:44.130 Will allow us to move quickly. Should the need ever arise? Hopefully it doesn't, but should it arise the need is there. And I think that's good. The other last question then, so it sounds like James is gonna take that maybe work workshop a draft of what this might look like from those perspectives. 208 "Nathan" (877785344) 00:48:44.130 --> 00:49:00.810 Thinking a little bit more broadly beyond the process, is there a need to intentionally try to fill this bucket more? Yes. And what does that look like, right? What is an intentional. 209 "Nathan" (877785344) 00:49:00.810 --> 00:49:28.328 Not just this bucket but all the buckets, right? Is and obviously this is a larger, much larger friends conversation, but in terms of like a campaign or intentionality around cause again 10000 is not a lot of money hopefully we don't need it, but again, it's not a lot of money. So how do we as a commission support friends and trying to strengthen that bucket? This is a great gift, we would love more of them. 210 "James Hoggard" (1511223296) 00:49:28.328 --> 00:49:40.242 Well, I read yesterday, I don't know where that this nearly $600000 that it's flowing in. So we could have a portion of that in our bucket. That would help. 211 "Terry A Silver" (2796074240) 00:49:40.242 --> 00:49:42.536 U. 212 "Nathan" (877785344) 00:49:42.536 --> 00:49:48.618 Yes, we'll take it, I'll take, we'll take 600000, that'd be a great NO. I think my my thought is. 213 "Terry A Silver" (2796074240) 00:49:48.618 --> 00:49:58.140 Is when we're doing the road show, whatever that looks like, and we talk about who we are, we also talk about the opportunities for giving. 214 "Terry A Silver" (2796074240) 00:49:58.140 --> 00:50:17.467 To support our mission and vision and maybe, maybe a little blurb somewhere if if we have some publications that go out, you know, if you'd like to give because you never know people who have an estate and and they want to make donations. This maybe something they would say, Yeah, I'd really like to donate to this. 215 "Nathan" (877785344) 00:50:17.467 --> 00:50:37.820 I don't know. Jim or not Jim James, sorry. Other thing to think about too is, I know we I'm looking at the treasurer's report and we've got like a couple of different accounts, right? So we're gonna have the, we've got the the fund we're talking about this $10000. You're also gonna have the TVA dollars annu. 216 "Nathan" (877785344) 00:50:37.820 --> 00:51:06.714 You've got your normal pot two. Do we need to give some actual names to those things? And that sounds really tedious, but to, to Terry's point, when you're gonna go out and start asking for money at a road show or something to be able to say this is the blah blah blah fund, this is the blah blah blah fund. Here's what it is, here's how it's used. I think being able to do some intention because people may relate to one fund and not to another right in terms of what that thing is. So what are we calling this fund that we just talked about? 217 "James Hoggard" (1511223296) 00:51:06.714 --> 00:51:18.880 What do you call it? Well, network for good is the way the process for for which donations are made to friends of volunteer Tennessee. And I think they've changed their name to just good. I I can't remember. 218 "James Hoggard" (1511223296) 00:51:20.202 --> 00:51:25.491 Is it, but, there is a a designation. 219 "Nathan" (877785344) 00:51:25.491 --> 00:51:28.145 In that form when you're donate. 220 "James Hoggard" (1511223296) 00:51:28.145 --> 00:51:39.413 Meeting like I would like it to go to specific thing. So if that form could include a list of, you know, how would you like to designate to one of these areas that. 221 "Nathan" (877785344) 00:51:39.413 --> 00:51:40.449 Might be helpful. Yeah. 222 "James Hoggard" (1511223296) 00:51:40.449 --> 00:52:00.514 I just updated the friends of volunteer Tennessee website and the donation thing is more clear now but to update that friend, the, to update the network for good form that people have to fill out when donating, that would have to be part of the process. 223 "Nathan" (877785344) 00:52:00.514 --> 00:52:04.252 Yeah, but Nathan, to your point, we might want. 224 "Terry A Silver" (2796074240) 00:52:04.252 --> 00:52:12.728 Not to have a name for that AD yeah something something. 225 "Nathan" (877785344) 00:52:12.728 --> 00:52:15.352 Yeah. What do you call it? 226 "Nathan" (877785344) 00:52:16.188 --> 00:52:22.590 Yeah because at this point I'm I hear basically that you've basically got three pots, right? You've got your. 227 "Nathan" (877785344) 00:52:22.590 --> 00:52:42.590 You've got this emergency fund, which isn't a fun sexy name, so I don't think that's the name we go with, but that's the one we've been talking about, so that's not the one. So but we've got that pot. You've got this TVA pot which is really more programming funding, right? It's what I heard based off of your description. We've got an emergency fund that's more internal. We've got this programming fund, which is the TVA fund. 228 "Nathan" (877785344) 00:52:42.590 --> 00:53:02.590 And then you probably have that other pot which is like your operational, which is all the more unrestricted dollars, right? Like the everything else pot. Each of those ideally, cause even with the TVA dollars do end up going away, the fund can still stay, right? You're gonna have some interest that comes off of that fund, you may get other donations. Cause even when their dollars are gone, that fund could still exist. 229 "Nathan" (877785344) 00:53:02.590 --> 00:53:24.513 So in my mind, if I'm walking up and asking for somebody for dollars, yeah, there's three buckets you could potentially donate to. There's the big operational bucket if you just want to help support in whatever ways the dollars are needed, that's always helpful. If you specifically want to help support our emergency fund and you know, here's that. But if you specifically want your dollars to go to direct services and not services, but programming, here's your. 230 "Terry A Silver" (2796074240) 00:53:24.513 --> 00:53:25.091 For that fun. 231 "Nathan" (877785344) 00:53:25.091 --> 00:53:28.106 Right. Because certain people like to spend their dollars on certain. 232 "James Hoggard" (1511223296) 00:53:28.106 --> 00:53:30.467 Things, and I think we'll be able to. 233 "Eileen Wollam" (1484885760) 00:53:30.467 --> 00:53:46.114 Yeah. There's actually other, I don't know if I'd call them funds, but there's other buckets. There's the GVSA bucket and the conference bucket and the and the scholarship. Yeah. 234 "Nathan" (877785344) 00:53:46.114 --> 00:53:55.011 So is there a nice way to market all those things? Can we label them all and and have a nice little descriptor? Like, here's the six choices. 235 "Eileen Wollam" (1484885760) 00:53:55.572 --> 00:53:58.691 Yeah it's helpful for clarity. 236 "Terry A Silver" (2796074240) 00:53:58.691 --> 00:53:59.565 So. 237 "Eileen Wollam" (1484885760) 00:53:59.565 --> 00:54:10.676 Yeah, yeah. Unfortunately in network for good, there's just a designation line and the donor has to type in what they want. 238 "Nathan" (877785344) 00:54:10.676 --> 00:54:21.045 Eileen, one of the, you might have mentioned this on our previous call. Is there a premium version that has a fee that maybe comes with those features? Do do you know that off the top of your. 239 "Eileen Wollam" (1484885760) 00:54:21.045 --> 00:54:30.372 I I do not know, but I think we, I think we investigated it at some point. 240 "Nathan" (877785344) 00:54:30.372 --> 00:54:31.976 Okay. 241 "Eileen Wollam" (1484885760) 00:54:31.976 --> 00:54:34.972 We found that NO. 242 "Nathan" (877785344) 00:54:34.972 --> 00:54:35.877 There isn't. Okay. 243 "Eileen Wollam" (1484885760) 00:54:35.877 --> 00:54:44.731 But since they have a new name, maybe they have new management and, you know, maybe that has changed. 244 "Terry A Silver" (2796074240) 00:54:44.731 --> 00:55:02.610 If if I could share something with this, this group, this, this group here, I I the anonymous donor actually is my father. It's it, this is my father's part of my father's estate. 245 "Terry A Silver" (2796074240) 00:55:02.610 --> 00:55:20.460 Oh wow. And, when you started talking about a name, it would mean the world to me if we put my father's name on that. And I and I don't want anybody to feel like I'm pressuring you at all. I I just think if if we want to give it a name. 246 "Terry A Silver" (2796074240) 00:55:20.460 --> 00:55:37.410 That would, that would be meaningful. I'm all for it. And then I think I do think other people because my dad does believe in service, my mother, but we're a service family and. 247 "Terry A Silver" (2796074240) 00:55:37.410 --> 00:56:06.906 That that story may lead other people to say, hey, yeah, I I want to do this as well. And we want to This is something he believed in since I've been a part of. He was very, he's been so excited about it and now that he's in the state he's in, you know, it's, it's hard to remind him of the love of it, but he still understands the essence of it somehow, if that makes sense. 248 "Nathan" (877785344) 00:56:08.475 --> 00:56:10.073 Can I can I ask what his name is? 249 "Terry A Silver" (2796074240) 00:56:10.073 --> 00:56:14.790 Charles, Charles Silver. Yeah. 250 "James Hoggard" (1511223296) 00:56:14.790 --> 00:56:17.094 Charles Silver Fund. 251 "Terry A Silver" (2796074240) 00:56:17.094 --> 00:56:18.603 We don't. 252 "Eileen Wollam" (1484885760) 00:56:18.603 --> 00:56:21.049 That'll make it not anonymous anymore. 253 "Nathan" (877785344) 00:56:21.049 --> 00:56:26.074 I know, you know, sometimes it's just easier than. 254 "Terry A Silver" (2796074240) 00:56:26.074 --> 00:56:30.972 That way cause it to start something it's just easier that way so. 255 "Nathan" (877785344) 00:56:30.972 --> 00:56:50.870 Yeah. No, and but I think, I think you're absolutely right Terry. One I think that's a great idea, so I would support that. But 2II think you're absolutely right. I mean, from a, from a non profit perspective, being able to go out there and say, right, it's exactly what you just said Terry, that, you know, the, the, the solar fund is for. 256 "Nathan" (877785344) 00:56:50.870 --> 00:57:16.669 To ensure that the work continues and that the foundations of service are there and that the organization that's doing this work has what it needs to be successful during some fail safes, and if you wanna support that, yeah. Here's how to do it, right? I think you're a hundred percent right. Yeah. No I I think it's a great idea. Yeah. Ok. I know we're at 2 min and I'm supposed to ask this, do we have any public comments Jim? 257 "Jim Snell" (1037826304) 00:57:16.669 --> 00:57:17.908 Might do my job. 258 "Nathan" (877785344) 00:57:17.908 --> 00:57:22.809 We didn't get any, we didn't get any requests and there's nobody. 259 "Jim Snell" (1037826304) 00:57:22.809 --> 00:57:40.475 But if if I could just really quickly say, I I agree, I think that's a great idea. And I I think the naming of it, like it could be like the Charles Silver Service fund or or something put put something like the meaning of why he was excited. 260 "Terry A Silver" (2796074240) 00:57:40.475 --> 00:57:42.013 Yeah, yeah. 261 "Jim Snell" (1037826304) 00:57:42.013 --> 00:57:55.301 In the title, and that's just as I mean it doesn't have to be that, but something along that line I think would be great. And it, you know, if people hear a service fund, they're like oh well that is, that's something I can get behind. 262 "Terry A Silver" (2796074240) 00:57:55.301 --> 00:57:57.755 Yeah. Thank you. 263 "James Hoggard" (1511223296) 00:57:57.755 --> 00:57:58.975 Yeah. Yeah. 264 "Nathan" (877785344) 00:57:58.975 --> 00:58:26.753 Okay, so I so 1 min left, so what I'm hearing James is going to work on, I think we made some decisions today, which is good, which is good. So James, you're gonna work on a little bit of a draft and of course workshop that with your other friends folks as needed, and then, I do we we come back together to review that or is that something you want to share virtually 1st that people can get some eyes on or probably a combination of both? Send it to. 265 "James Hoggard" (1511223296) 00:58:26.753 --> 00:58:35.935 This group in advance and then we'll set it. I think we should set a designated time to meet and talk about that. 266 "Nathan" (877785344) 00:58:35.935 --> 00:58:47.508 Jim, do you care to, to work on maybe finding a time for us to meet obviously not in the near future cause we have a commission meeting coming up, but, for us to have a follow up meeting for this group. 267 "Jim Snell" (1037826304) 00:58:47.508 --> 00:58:56.610 Yeah, I'll I'll send out another poll for after the 14 August meeting and find a time that works for folks. 268 "Nathan" (877785344) 00:58:58.209 --> 00:59:00.258 Perfect. Thank you everyone. 269 "Eileen Wollam" (1484885760) 00:59:00.258 --> 00:59:01.867 Thanks Nay. 270 "Stephanie Davis" (1589181440) 00:59:01.867 --> 00:59:04.003 One, great question. 271 "Terry A Silver" (2796074240) 00:59:04.003 --> 00:59:08.729 Great questions Nathan. Thank you for thinking about this process. 272 "Nathan" (877785344) 00:59:08.729 --> 00:59:10.651 Okay. Thank you all. 273 "Stephanie Davis" (1589181440) 00:59:10.651 --> 00:59:11.968 Thank you. 274 "Jim Snell" (1037826304) 00:59:11.968 --> 00:59:13.925 Thanks everybody for the great conversation. 275 "Terry A Silver" (2796074240) 00:59:13.925 --> 00:59:15.815 Thanks in August. 276 "Nathan" (877785344) 00:59:15.815 --> 00:59:19.320 Thank you. Okay, see you soon. Bye.