IVMA Foundation

Iowa Veterinary Medical Association Foundation
The purpose for which the Foundation is organized is to receive gifts and property to be used for the advancement of veterinary medicine and the promotion of veterinary medical research and education.  The Foundation shall hold, administer and dispose of gifts and property thereof, and any and all things necessary or incident to the accomplishment of the foregoing purposes, provided, however, that none of the funds, property or income of the corporation shall be used in attempting to influence legislation by the carrying on of propaganda or otherwise or for the benefit of any private member of the corporation or individual.
 
To accomplish the foregoing object or purpose, this Foundation shall have the right to act as Trustee of any funds or property that it may receive under specific or limited grants or agreements or that it may receive by testamentary disposition and shall have the right to hold and manage the same under the terms and conditions imposed by any such bequest not inconsistent with the objects herein above expressed.
 
Notwithstanding the foregoing, however, the Foundation is organized exclusively for charitable, educational, and scientific purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the Internal Revenue Code of 1986, as amended (or corresponding section of any future federal tax code).
 
Current Goals:

• To support innovative research and education projects with direct application to recruitment and retention of quality students into veterinary medicine.
• To advance veterinary medicine by supporting projects that raise veterinarian's awareness of current issues in the practice of veterinary medicine
• To educate the public about veterinary medicine and teach animal owner responsibility
• To ensure the success of developing leaders for our profession by providing student scholarships.
• To offer emergency scholarships to veterinary medical students in special circumstances

Possible Future Projects:

• Increase number and amount of scholarships
• Establish a strategic fund to help veterinarians who experience catastrophic loss due to disasters and emergencies
• Establish an IVMA Foundation lecture series
• Establish an IVMA Foundation professorship at Iowa State University

To contribute to the IVMA Foundation, please contact the IVMA office at 800/369-9564 or click on the link located on the upper right side of this page.

Iowa Veterinary Medical Association Foundation Minutes
Annual Corporation Meeting
Gateway Conference Center- Ames, IA
Wednesday, September 27, 2023

The IVMA Foundation Annual Corporation meeting was called to order by President Dr. Megan Hindman at 11:02 am.  Present for the meeting were Vice President Dr. Dave Larson, Secretary/Treasurer Dr. Abbey Smith and Board of Director members Dr. Kim Van Driel, Dr. Robert Freese, Ex officio Jared Danielson PhD and IVMA Executive Director Randy Wheeler. Corporation members in attendance were Drs. Kristen Clark, Kenneth May, Aubrey Cordray, Shawn Nicholson, Preston Ayers, Chris Bean, Abigail Bowers, Rachel Friedrich, Louise Fuller, Elizabeth Holland, Joel Loomis, Patrick Simonsen, Michael Slattery, Lindsay Speer, Lisa Thilges, and Zach Vosburg.
 
Dr. Hosch reviewed the Foundation Board members and their terms of office:

1. President – Dr. Megan Hindman..................................... September 2023
2. Vice President - Dr. David Larson….……….……………September 2024
3. Secretary/Treasurer - Dr. Abbey Smith........................... September 2025
4. Dr. Kim Van Driel – BOD member.................................. September 2026
5. Dr. Robert Freese – BOD member ………………….…...September 2027
6. Ex officio – Jared Danielson PhD (CVM)

Nomination for new Board members was called for from the floor. Dr. Patrick Simonsen from Le Mars offered his nomination for the term ending in 2028. Dr. Aimee Roberts had been mentioned previously. The BOD will vote to select the 2028 member.
 
A motion was made to approve the consent agenda, the motion was seconded and passed:

1. Minutes 011123 BOD Mtg.
2. Minutes 051723 Sports & Field Day Mtg.

The Board reviewed the Foundation financials. A motion to approve was made, seconded, and passed.
 
2023 Scholarships Report:

1. $72,000 in Foundation Scholarships
   • IVMA Foundation Sports & Field Day Community Engagement Scholarship – added an additional scholarship bringing the total to 6 @ $1,500
   • IVMA Bovine Preconditioning Program Scholarships (6 awards @ $2,500 ea. = $15,000 total) – Replaced BI Scholarships

2. Tentatively two $1,500 scholarships from the Interstate VMA are being offered for 2024

Dr. Hindman reviewed the current number of Foundation Fellows and the differentiation of the 3 support levels. Numbers have remained static but levels of participation has increased in the Diamond and Platinum categories:

1. 194 Foundation Fellows
   1. 165 Gold Level ($1,000 minimum donation within 5 yrs.)
   2. 13 Diamond level ($2,500 minimum over lifetime)
   3. 16 Platinum Level ($5,000 minimum over lifetime)

IVMA Foundation Sports & Field Day brief recap. There were 37 golfers (Beaver Creek Golf Course - Rimes), 11 shooters and 4 archers (Olofson Shooting Range – Polk City). The financials show an estimated net profit of $11,699 (does not include administrative cost).
 
The meeting adjourned at 11:21 am.

Iowa Veterinary Medical Association Foundation Board of Directors Meeting Minutes
Thursday, January 12, 2023
IVMA Office, Ankeny
On Thursday, January 12, 2023, President Dr. Megan Hindman called the meeting of the IVMA Foundation Board of Directors to order at 1:00pm. Present at the meeting were Drs. Robert Freese, Abbey Smith, ex officio member - Dr. Jared Danielson and IVMA Executive Director - Dr. Randy Wheeler. Those unable to attend were Drs. David Larson and Kim Van Driel.
 
Officers and terms for 2023 are as follows:
            President – Dr. Megan Hindman (2023)
            Vice President – Dr. David Larson (2024)
            Secretary/Treasurer – Dr. Abbey Smith-Schwab (2025)
            Board member – Dr. Kim Van Driel (2026)
            Board member – Dr. Robert Freese (2027)
            Ex officio – Dr. Jared Danielson
 
All terms expire in September. A motion was made to approve the above officers for 2023 and passed.
 
The Board discussed possible nominees for the new 2028 board position to be filled in September. Dr. Aimee Roberts was suggested.
 
The Board reviewed the Minutes from the following meetings:

1. Meeting of the Corporation Minutes – 092822
2. Sports & Field Day Recap Meeting Minutes – 110222
3. Financial Planning Committee Meeting Minutes – 110922

A motion to approve was made, seconded, and passed.
 
Financials were reviewed and it was moved, seconded, and passed to approve.
 
Discussion was held regarding the review of the Foundation Articles of Incorporation and Bylaws revisions for 2023. This was tabled until final review from legal counsel.
 
The Foundation Focus will be mailed to all members in the spring. It was noted to remind embers that this is a charitable contribution and is tax deductible.
 
There are currently 192 Foundation Fellows (165 Gold, 13 Diamond and 14 Platinum).
 
Fundraising events/projects were discussed. Several new ideas were biking, disc golf, pickleball, Pints and Pups/ Pints with Pets, in addition to a walk/run which had been discussed previously.  The Board discussed opening these events to the public to increase participation.  They also discussed looking into creating a Client-Funded Scholarship.  Missouri VMA has something similar, the IVMA staff will investigate and get back to the board.
 
Determination of 2023 scholarships was discussed. The Board agreed upon a total of $72,000 for scholarships in 2023 – an electronic vote was performed for approval. Dr. Wheeler will inquire about the best use of the $15,000 bond that is due on 05/09 with financial planner, Iowa Wealth Management.
 
Other business discussed was creating a fund to assist IVMA members that have experienced a tragedy.  The Minnesota VMA has a “We Care Fund” which is working for them.  The IVMA will explore and if the Foundation cannot fund it, possibly the IVMA will.  This would be something to bring up to the Executive Board.
 
It was moved, seconded, and passed to adjourn at 2:20pm.