Harris/Faye Scholarship Committee merges with Greene County Foundation

Tuesday, January 13, 2009

There has been a merging of administrative functions of a popular local scholarship fund that has benefited more than 130 Linton-Stockton School Corporation students in the last 30 years with the Greene County Community Foundation.

The Phil Harris/Alice Faye Scholarship Committee, which annually stages the Friends of Phil Harris Golf Tournament each year, is now a part of the Greene County Community Foundation.

The merging of the group was endorsed Monday night by the GC Foundation Board of Directors.

Foundation Executive Director Kerry Conway said the merging is a good thing for the local scholarship committee, which has found itself in recent years experiencing increasing administrative costs and stringent audit requirements.

Conway explained that the Harris/Faye committee has dissolved its funds and moved them to the Greene County Foundation, where the committee has maintained an account for several years.

"To the students receiving scholarships there will be no difference. They (the scholarship) committee will operate as they have in the past, but now they will be a committee of the Greene County Foundation. They will still be selecting the scholarships just as they have," Conway explained. "We (the foundation) are going to be their (the Phil Harris/Alice Faye Committee) back office. We will be their compliance team.

"It is not going to look any different to the students. This is a paperwork change."

Each year, the Phil Harris/Alice Faye Committee used the interest earned from its investments to award a number of scholarships to qualifying L-S High School graduates. In 2008, six scholarships were presented.

Since its founding in 1979 by Don Steward O.D., of Lyons, and the late Frank Miller, of Linton, the committee has benefited more than 130 students with scholarships.

Conway noted this is a good example of how the community foundation can benefit private not-for-profits in being more efficient.

The GC Foundation is already in compliance with the standards of excellence of state and national organizations.

"This is a wonderful example of how the community foundation can meet the needs of private not-for-profits," Conway concluded.

In other board action, Monday night, the foundation welcomed two new board members, Jasonville Mayor Roy Terrell, Sr. and Greene County Prosecutor Jarrod Holtsclaw, from rural Bloomfield.

The board officers will remain the same for the calendar year 2009 with Sue Knoll serving another year as president, Brad Crites as vice president, Don Wells as treasurer and Jeanette Beverstock as secretary.

Established in 1998, the Greene County Foundation serves the people of the Greene County community as a public charity. A volunteer board of directors governs the Foundation.

The Foundation has more than $4 million in assets and has granted more than $9 million since its inception.

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