The Action Fund

Page initiated April 25, 2016

Since its inception, the Tuesday Morning Breakfast Forum has raised money for charitable purposes. Participants have passed the hat for students in need. The Forum has directed excess funds from its coffee fund to support of the Park & Recreation centers where it met. In keeping with all Forum activity, its charitable work has been informal.

In 2016, co-founder Sarah Stevenson approved the creation of this MJ Entrepreneurial Action Fund. The fund honors the life work, entrepreneurial spirits and community contributions of two longtime Forum participants: Laura McClettie, and Maurice Jones. The fund essentially began with a $20 bill from Maurice Jones. Action!

Stevenson directed that excess funds in the Vernon M. Herron Coffee Fund be moved to the MJ Entrepreneurial Action Fund at the end of each month, beginning with April 2016.

2017 Recipients

The Fund accumulated $278.92, through Nov. 30, entirely from the Coffee Pot Fund.

Mrs. Stevenson directed the funds be used to purchase toys for Toys for Tots.

At right, Santa’s helpers Natheley McElrath and Ben Felton are shown Nov. 11 with their purchases at the Red Cross pickup location for Toys for Tots.

The Fund’s balance was transferred to McElrath on Dec. 12.

2016 Recipients

A process was laid out and a Grants Committee named. On Dec. 6, that committee decided not to make any grants for entrepreneurial activity, but to give the accumulated funds to charity. Laura McClettie made the announcement at the Forum’s Dec. 13 Christmas Party:

Operation of the Fund

In its initial stage, the Fund will accept donations, either by name or anonymously, at the donor’s direction. Initially, the donations will not be tax-deductible because the Forum is not a nonprofit. All monies will be accounted for below. The Fund’s assets will be held by custodian Steve Johnston until other arrangements are in place.  Checks payable to “TMBF/Steve Johnston” will be credited to the Fund. For the 2016 and 2017 cycles, no such checks were received. As the terms of the Fund change, this paragraph will be updated.

Below are the financials related to the Fund.

2018
Date	Purchase/Contribution	Spent	Donations	Balance
5/31/18	From Coffee Fund		28.19	161.21
4/30/18	From Coffee Fund		32.97	133.02
3/31/18	From Coffee Fund		33.31	100.05
2/28/18	From Coffee Fund		35.87	66.74
1/31/18	From Coffee Fund		6.56	37.43
2017
Date	Purchase/Contribution	Spent	Donations	Balance
12/31/17	From Coffee Fund		30.87	30.87
12/12/17	Toys donated to Toys for Tots	278.92		0
11/30/17	From Coffee Fund		10.63	278.92
10/31/17	From Coffee Fund		36.75	268.29
9/30/17	From Coffee Fund		28.93	231.54
8/31/17	From Coffee Fund		5.41	202.61
6/30/17	From Coffee Fund		40.80	197.20
5/31/17	From Coffee Fund		13.86	156.40
4/30/17	From Coffee Fund		35.15	142.54
3/31/17	From Coffee Fund		31.47	107.39
2/28/17	From Coffee Fund		56.42	75.92
1/31/17	From Coffee Fund		55.48	19.50
2016
Date	Purchase/Contribution	Spent	Donations	Balance
12/13/16	Gift cards for Belmont Center families in need	500.00		-35.98
11/30/16	From Coffee Fund		56.39	464.02
10/31/16	From Coffee Fund		109.24	407.63
9/30/16	From Coffee Fund		68.63	298.39
8/31/16	From Coffee Fund		37.99	229.76
7/31/16	From Coffee Fund		27.29	191.77
6/30/16	From Coffee Fund		19.85	164.48
5/31/16	From Coffee Fund		47.87	144.63
4/30/16	From Coffee Fund		76.76	96.76
3/29/16	Opening donation from Maurice Jones		20.00	20.00