Voting Trustees present were:  Jim Snyder – President, Bob Bourdette – Vice President, Lucy Freeman – Secretary, Tom Herlocker – Assistant Secretary, Dave Norris – Treasurer, Lucien Barbour, Bob Bourdette, Caroline Blakeslee,  Hannelore Snyder Brown, Jim Buterbaugh, Craig Duncan, Dan Freeman, Harry Garschagen, Jean Garschagen, Alan Herrman, Dean Kennedy, Kay Roberts Light, Kent Radcliff, Dr. C. John Snyder, John W. Snyder, Marjorie Snyder and Nancy Snyder.

Other Trustees present were:  Susan Forrester and Merrill Gordon.

Voting Trustees present by proxy:  Dorothy Flottman, David McDermott and Carolyn Langenwalter.

Other Trustees present by proxy:  Brian Gentry and Michael Tamburini.

Jim Snyder called the meeting to order, declared a quorum, and asked that the minutes to the November 24, 2009 meeting be approved. By consensus the minutes were approved.

Jim introduced Michael Norton from E.B. Stephenson's Office. Mr. Norton gave a brief overview of the financial compilation report in the Annual Report. Jean Garschagen asked if they could get the report earlier so that the Trustees had a chance to look it over prior to the meeting. Mr. Norton apologized for the lateness of the report and stated that next year he should be able to get it done earlier for the Trustees. We are now a public Foundation but if IRS questions the circumstances then the Foundation could become a Private Foundation and is taxed 1-2% and would have to give away 5% of our income every year.

Research -- Dr. John Snyder introduced Dr. Berl Oakley from KU. A lot of the board members are interested in Alzheimer's disease and so Dr. Snyder found Dr. Oakley. Dr. Oakley gave a brief history and overview of his research. The Research committee has agreed to fund Dr Oakley's research in the amount of $30,000.

Scholarship -- Hannelore Snyder Brown gave an overview of the scholarship awardees. An update on the guidelines from the IRS about funding scholarships and grants was also given. Hannelore has been doing research on grants the Foundation is eligible for and will be applying for 2 different grants. These grants could bring in over $200,000 a year for the Foundation's Scholarship/Grant program. The first letter is due in June, the second one in August and funding hopefully shortly thereafter. One of these grants is from the National Science Foundation. The Scholarship/Grant committee will also be starting a partnership with Universities to mentor the students we have awarded scholarships and grants to. The mentors will assist them in work studies programs and other grants.

Community Projects -- Marjorie Snyder gave an overview on what the Foundation is funding in the community. Science teachers received airliners, laptops, and projectors for their classes. William Newton Hospital was able to purchase a Central Monitor & Transmitter. Worked in conjunction with WNH to hold a meet and greet with new doctors. Jean Garschagen asked Marjorie if she thought the community would be able to give matching funds to help the foundation give money to the different projects? Hannelore and Marjorie stated that they are working on different ideas.

Nominating Committee -- Lucy Herlocker Freeman listed the slate of officers the committee is recommending: Bob Bourdette as President, Dean Kennedy as Vice-President, Lucy Herlocker Freeman as Secretary, Tom Herlocker as Assistant Secretary and Dave Norris as Treasurer. Craig Duncan made a motion to accept the slate of officers; Jean Garschagen seconded; motion carried. Tom Herlocker made a motion to accept the members of the Executive/Finance Committee. Kent Radcliff seconded; the motion carried. The following members were up for re-election: Bob Bourdette, Hannelore Brown, Craig Duncan, Merrill Gordon, Dean Kennedy, Hal McCoy, Dave Norris and Mike Tamburini. Tom Herlocker made a motion to accept all other committee members as listed. Hannelore seconded and motion carried.

Jim Snyder introduced Bruce Schwyhart and Gary McCutcheon of CornerBank. Bruce and Gary informed the members of the changes at CornerBank and assured the members that even though the people have changed a little that the Foundation can expect the same quality of service.

Bob Bourdette presented Jim Snyder with a picture of him as a small boy saluting.

Being no other business the meeting was adjourned.