Title
A resolution of the City Council of the City of Colorado Springs, Colorado approving revisions to the grantmaking policy of the Colorado Springs Health Foundation
Body
From:
Cari Davis, Executive Director, Colorado Springs Health Foundation
BJ Scott, Chair, Colorado Springs Health Foundation Board of Trustees
Summary:
The Board of Trustees of the Colorado Springs Health Foundation recommends Council's approval of a revision to the Foundation's grantmaking policy.
Previous Council Action:
At its September 23, 2014 regular meeting, City Council approved a grantmaking policy recommended by the Foundations's Board of Trustees. Board Chair Scott presented a revision to the grantmaking policy to City Council at its work session meeting on January 11, 2016, and subsequently made minor wording changes to the attached Exhibit A (redline), which do not change the substance of the document.
Background:
In Council Resolution 92-12, City Council authorized and directed the City Attorney and City Staff to form and create the Colorado Springs Health Foundation. The purpose of the Foundation is to "receive, hold, and manage in perpetuity all funds and monies received pursuant to the agreements and transactions approved by Council in Resolution 89-12 which approved the Memorial Health System operating lease agreement subject to voter approval."
Section 5 of Resolution 92-12 states that City Council shall be responsible for approval of policies governing grants, which it did on September 23, 2014 by Resolution 92-14, which is attached.
Financial Implications:
N/A
Board/Commission Recommendation:
The CSHF Board of Trustees recommends that Council adopt the resolution approving the changes the Board has submitted.
Stakeholder Process:
N/A
Alternatives:
Do not adopt the resolution approving the changes the Board has submitted.
Recommended Action
Proposed Motion:
Approve the resolution containing the...
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