EDUCATIONAL AID FUND MEETING OF THE BOARD OF TRUSTEES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP88G00186R000400390018-1
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 3
• Document Creation Date: December 22, 2016
• Document Release Date: March 25, 2011
• Sequence Number: 18
• Publication Date: February 4, 1985
• Content Type: MISC

Sanitized Copy Approved for Release 2011/03/25: CIA-RDP88GO0186R000400390018-1
EDUCATIONAL AID FUND
Meeting of the Board of Trustees
4 February 1985
In Attendance were: Robert W. Magee, D/OP (Chairman)
Harry Fitzwater, DDA
Robert Gates, DDI
Richard E. Hineman, DDS&T
STAT
1. The Chairman noted under item one on the agenda that the number of
applications received was 100, a figure significantly lower than the 129
received last year. In light of the fact that 240 applications had been
requested, the Chairman speculated that the lower number of applications
returned may be a sign of increased affluence. The Board was advised that
all applications received prior to the Selection Committee convening would
be included in the review.
2. The Board reviewed the financial statement as of 31 December 1984 and
agreed to give authority to the Selection Committee to recommend loans and
grants this year totaling between $70,000 and $80,000, depending on the needs
and merits of the applicants. Some of the trustees questioned the reality of
the amount listed as allowance for uncollectible loans. Agreement was reached
for the EAF staff to discuss this matter with the Audit Staff to see if a more
realistic allowance should be presented in the financial statement.
3. The Board approved the following persons to serve on the 1985
Selection Committee:
STAT
STAT
DCI)
DDA)
DDO)
Corley Wonus (DDS&T)
(Member at Large)
4. The Board was advised that an anonymous donor wishes to give $20,000
to the EAF to establish a special award for the children of Agency employees
who die in the line of duty. The Board agreed to establish such an award and
to name it the Memorial Award. The Memorial Award (approximately $2,000) will
be given each year from the interest earned by the principal amount which will
be established in a separate EAF Credit Union Account. The Board made the
following further stipulations regarding the granting of the Memorial Award:
a. Interest from the principal amount shall be added to the principal if
no qualified applicant or applicants apply in a given year.
b. After the Award has been in effect for five years, the Board will
review stipulation A and the status of the Memorial Award principal amount
and interest to determine whether or not to modify its original provisions.
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5. The Board discussed briefly the statement attached to the Agenda
entitled, 'Qualifying Criteria for Handicapped Dependents". The Board did
not see the need to establish a separate handicapped award but did direct that
the Selection Committee consider handicapped candidates on a case by case basis
and give the Board its recommendations for awards at that time.
6. The Board agreed that the current EAF Special Awards should be granted
this year in the following amounts: the Matthew Baird Award, the John J.
McCone Award, the John J. Crowley Award and the Lawrence K. White Award in the
amount of $2,500; the Frank G. Wisner Award in the amount of $3,000.
7. The Executive Secretary briefed the Board on the status of the
agreement on the John J. Crowley Award principal amount. The Board approved
an Agency agreement be sent to the bank in Oregon where the principal is
currently being held. This agreement will be between the bank, Mrs. Crowley,
and the EAF. It authorizes the bank to collect and hold funds for the EAF and
to pay the interest to the EAF on a yearly basis, such interest to be awarded
as the Crowley Award. Once this agreement has been formalized and all donors
have been given tax credit for their donations, the principal amount will be
deposited in the Northwest Federal Credit Union in a separate EAF account and
the interest withdrawn each year for the purpose of the Award.
8. The Chairman briefed the Board on efforts to date to collect delinquent
EAF loans. He also passed out to the Directorate members concerned lists of
Agency employees whose children have delinquent EAF accounts. The Board
expressed keen interest in pursuing collection efforts and directed that a
second letter be sent to the parents of persons with delinquent accounts
asking for their help in recovering the loans. This letter is to be signed by
the Chairman of the Board of Trustees, with a drop copy to the appropriate
Deputy Director in the case of currently employed parents. The purpose of this
letter is to remind the parents of the obligation incurred by their children,
and to ask their help in collecting the delinquent amounts.
STAT
Robert W. Magee
MAR 1 1985
Robert W. Magee
Chairman, Board of Trustees
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STAT
OP/EBS/ESD/PSR,
Original
1
2
1
1
1
1
2
1
Return to PSB
D/Pers
DDA
DDI
DDSFFT
DDO
D/OTE
DD/Pers/EBS
C/ESD
(8 Feb 85)
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