Nova Scotia Agricultural College

Foundation Board Meeting

March 26^th, 2001

1. Agenda circulated and Approved

2. Minutes circulated and approved of December 15^th, 2000

Matters Arising from the Minutes:

            (i)Donor Prospecting:

Met with Sobeys regarding support for the Organic Agriculture centre to be established on the NSAC campus.

Met with Alison McCain regarding $28,000 in support for potato research

Met with ACOA regarding the Atlantic Investment Fund regarding functional foods, Aquaculture and fruit crops.

External Relations: J. Goit reported that the Assistant Deputy Minister visited campus and expects to have the a representative from ACOA on campus in the next week to ten days.

                         Will continue to work and progress in these and other areas.

            (ii)Report on Strategic Planning Process:

The process began in February in an effort to deliver a new five year plan for the College. A committee of ten will spearhead the exercise and will report in late April and begin consultative session with faculty and staff. In the Fall, hope to invite external consultation and present a final plan in December.

                        This will help to guide the fund-raising campaign of the Foundation

 (iii)Alumni Relations:

Nancy Crowe reported that the NSACAA met on February 9^th, 2001 and indicated that the NSACAA Board would like to have a joint roundtable discussion to resolve issues and present other working modules. This will be worked into the current strategic planning consultative process . The date of October 19^th set aside for the round-table discussion. Jim Goit and NSACAA President Clint McLean to meet in the Interim.

New Business

            (i)Donations Update:

                        Dr. MacDonald circulated a Donations Update (see attached)

            (ii)Investment Committee Report:

Investment Committee met in March and reviewed the asset allocation and was very pleased. Committee will continue to meet twice a year and review in full.

            (iii) Vacant Director and Officer Positions:

Mr. Peter Hamilton has submitted his resignation as Secretary to the Board as of this fiscal year. The Board accepted his resignation with regret.

There are currently three vacant Director positions including Jim MacConnell, Dr. Herb MacRae and Mrs. Margaret McCain. Mrs. McCain will consider reoffering and will notify David Martin of her decision.

Dr. Coffin will approach Dick Huggard regarding his nomination to the Board as well as Rod MacLennan and then Sherry Porter. If accepted, names will be forwarded to provincial government

            (iv)Appointment of “B” Director to Investment Committee:

Investment committee is currently short one member with the absence of Jim MacConnell. This appointment will be deferred until the full complement of the Board is implemented in the Fall.

(v) Correspondence:

The only correspondence at this time was Mr. Hamilton’s resignation  letter.

(vi)Presentation by Kent Loughhead on “Athletic Fund”

Kent presented the proposal to the Board for consideration and they agreed in principal to the arrangement. Jim Goit will review the proposal and discuss with NSACAA President Clint McLean.

            (vii) Progress on Development Plan:

Jim Goit updated his progress with the Development and Alumni Relations Plan with target dates and accomplishments. (See attached)

Meeting adjourned at 2:00 p.m.

Next meeting October 3^rd, 2001 12:00 - 2:00 p.m.