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 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.

Iowa Veterinary Medical Association Foundation Minutes
Annual Corporation Meeting
Gateway Conference Center – Prairie Room
Wednesday, September 28, 2022
The IVMA Foundation Annual Corporation meeting was called to order by President Dr. Jennifer Hosch at 11:06 am.  Present for the meeting were Board members Dr. Kim Van Driel, Ex officio Jared Danielson PhD and IVMA Executive Director Randy Wheeler. Corporation members in attendance were Drs. Jim Berger, Brenda Bright, Shawn Nicholson, Kristen Clark, Ken May, Chris Bean, Courtney Blake, Louise Fuller, Ashlie Kolbet, Joel Loomis, Thomas Lopp, Mark Rees, Wayne Rychnovsky, Patrick Simonsen, Mike Slattery, Lindsay Speer, Amanda Steffen, Chelsea Stewart, Zach Vosburg, Preston Ayers, Kate Hoffmann, Lisa Thilges, Chuck Lemme, Dan Grooms and Deb Coleman, RVT. Unable to attend were Vice President Dr. Megan Hindman, Secretary/Treasurer Dr. Dave Larson and Board of Director member Dr. Abbey Smith-Schwab.
 
Dr. Hosch reviewed the Foundation Board members and their terms of office:

1. President – Dr. Jennifer Hosch....................................... September 2022
2. Vice President - Dr. Megan Hindman……….……………September 2023
3. Secretary/Treasurer - Dr. David Larson.......................... September 2024
4. Dr. Abbey Smith-Schwab – BOD member..................... September 2025
5. Dr. Kim Van Driel – BOD member …………………..…...September 2026
6. Ex officio – Jared Danielson PhD (CVM)

Nomination for new Board members was called for from the floor. Dr. Jennifer Stumpf from Indianola was nominated for the term ending in 2027.  A motion was made to approve Dr. Stumpf, seconded and approved. Dr. Wheeler contact Dr. Stumpf to see if she will accept the nomination.
 
A motion was made to approve the consent agenda, the motion was seconded and passed:

1. Minutes 012522 BOD Mtg.
2. Minutes 051122 Sports & Field Day Mtg.

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

2022 Scholarships Report:

1. $71,000 in Foundation Scholarships (43 awards)
2. Highlighted Drs. Bright and Williams RAGBRAI fundraising efforts - $7600 in donations taken
3. The loss of the Boehringer-Ingelheim scholarships ($15,000) awarded to graduates intending to practice bovine medicine in Iowa was noted and discussed.
   1. The Bovine Practitioners Committee has approved providing some funding to help offset the loss of the BI scholarships through the Preconditioning Program funds.

Dr. Hosch reviewed the current number of Foundation Fellows and the differentiation of the 3 support levels. In addition to the Pet Remembrance Card program:

1. 190 Foundation Fellows
   1. 164 Gold Level ($1,000 minimum donation)
   2. 13 Diamond level ($2,500 minimum)
   3. 13 Platinum Level ($5,000 minimum)

IVMA Foundation Sports & Field Day brief recap. There were 75 golfers (Briarwood Golf Course - Ankeny), 6 shooters and 4 archers (Olofson Shooting Range – Polk City). The financials show a net profit of $7,683 (does not include administrative cost).
 
The meeting adjourned at 11:20 am.