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joINT ) EETING OF <br /> AR,DEN HILLS F'I ANcF- COMMITTEE AYD <br /> :A.RDEN HILLS PARKS & RECREATION CONOM7 E <br /> October 25, 1994 <br /> GITUTSTrP U�'z Paul A. Garret, Saint Paul Foundation <br /> L0C,g2I0N (J.S. Army Reserve Building, Classrooms 1 3c 2 <br /> j &7xway 96 and Leming-ton <br /> TINS 7 PNI <br /> �Vo. oT qEo<PLE <br /> ,q,7M,vtDIS" q- is <br /> Pzr_ose <br /> "l:"he purpose of this meeting is to explore the creation of a foundation for Arden Hills and <br /> whether we would want to use the Saint Paul Foundation as the vehicle for implementing and <br /> coordination our Foundation. The purpose of the foundation would be to provide additional <br /> funding for our parks and trail program <br /> • <br /> 4d�clfrc_Otce�•ri <br /> 1. It is our understanding`�when a Foundation is created, only the interest and not the <br /> principal can be used on a current basis. is this the case? <br /> We are currently involved in a fund raising campaign for Perry Paris. Perry Paris is in dire <br /> 41. need of improvements at this time. Would the creation of a foundation at this time <br /> impede our current fund raising for Perry Park? <br /> I What would be the Saint Paul Foundation's fee for providing this service? <br /> 4. What assistance does Saint Paul Foundation afford Foundations which are a part of its <br /> membership (i.e. assistance in fund raising, assistance in advertising, legal assistance in <br /> setting up the Foundation)? <br /> 5, We are concerned that it may be dirTid;slt to raise money for the Foundation and how to <br /> 0o about contacting the sources for funds (e.g. a systematic way to approach noa prom <br /> orgamz.ations in our community). What suggestions do you have along these line.' <br /> '276S1Jp <br /> • <br />