Only five officers and directors were present and as a result an official board meeting could not be held due to a lack of quorum, and instead a workshop was held. As a result, discussion digressed from the original agenda. All voting matters would be delayed.

Ed Overman was recognized at the Franklin Award luncheon.

Pete mentioned that he was reapplying the membership list to the website and requested to be contacted if there were any problems.

Sandra mentioned that the Scholarship Golf event to be held May 26 and sponsored jointly by Philadelphia and Valley Forge Chapters would now include a memorial to Bob Hedges as part of the scholarship program being established by the event. Bill Mayo is coordinating for participants who do not need to be CPCU. If the event hits the maximum then chapter members will get priority. One-third to one-half of the participants are not CPCU.

Sandra is handling a letter from Bill Sleeper/Jim Marks that asks whether there will be any requests from local chapters who will need conferment officers for 1999 ceremonies.

Sandra noted that Rick Lee advised that the IRS had instituted a $1,720 penalty for late filing. Rick has written to the IRS after checking out the problem to request their reversal of the decision. Balance held may be too high for non-profit status.

Minutes for November, December, March, and April will all need to be approved at the next board meeting due to lack of quorum.

Rick Lee had not received bank statements from Mellon Bank, and will review as soon as he receives. Jim Jones had mentioned about a possible alternative for Chapter banking in New Jersey.

Pete would be looking to put the I-Day recap up over the weekend. Terry Macko at the Insurance Society was advised that it was OK.

Sandra needs reports for all committees immediately. The chairpersons should report information as of May 1 what the committee has done, members, what the committee plans to do in the future. For the annual chapter report, Sandra will make them available at the meeting, and in the Chaptergram, she will consolidate into a published annual report. Reports should reflect what coming up since Chapter year ends June 30.

The Society’s live satellite broadcast was mentioned. Brochures had been distributed at the April meeting.

Pete discussed the May 10 deadline for the next Chaptergram. There is probably enough information for a full chaptergram but it anyone has anything to add they should send over the weekend. Information should be sent on disk but hard copy is fine even though does pose additional work for inclusion on Website. Six issues are needed together but right now there will be four not counting interims. Can put Interim together quickly if something to put into it. Peg Dence has handout for golf outing, possibly piggyback it. Pete will call Bill at Paley Simon. Also looking for Don Dudley’s column.

Regarding seminars, satellite broadcast at CIGNA expecting about 100; however for last satellite broadcast attendance only about 25.

Pat reviewed that the Membership Committee is in the middle of membership campaign to wrap up 4-23. Sending out letter, and working on a membership profile project. Committee has contacted 2/3 of the people on membership committee.

The June Meeting will include installation of officers and directors. Don Dudley will be handling the swearing in but if he is busy then someone else from the institutes.

There is an ISOP awards banquet on June 23. Rich Ventura may be interested in attending. Val Katz may also be a possibility.

Sandra discussed that she and her husband would be attending the Special Olympics. Pete mentioned that in order for members to participate Cynthia Gantz will need to get information about time and date sooner to members for them to be able to schedule. Lily Cowan requested that information should include detail on what members are expected to do and how much time commitment is involved. These events should provide recognition of CPCU involvement.

Pete will be going to the COLC. Ann Mehyr will probably go, but Pete was not sure of her registration. He wants to try to get someone to all workshops, but it is difficult to get anyone to make a commitment due to tough travel conditions.

Pete mentioned that the board need to think about input for Chapter member of the year. There is a need for criteria to be established. Two board meetings ago it was decided that it would be solely at the discretion of President or board of directors. Pete suggested President take that role.

Sandra led discussion on Scholarship Fund to determine how the chapter would be able to make bequests and suggested input be received from Rick Lee, who has been managing the 50/50 that is designated to go toward scholarship. Selection criteria must be established, and might include funds for Project Invest students to go to college, or to work with individual schools to help administer it through their financial aid offices. It was discussed that the Chapter needs a fund raising mechanism to do this. Sandra will continue to work on this with Rick and the Scholarship Committee.

Rick Ventura mentioned the National Insurance Industry Association who has a banquet in June, and an annual spring social which generates proceeds for a scholarship fund. Perhaps something similar that incorporate several committees (honoring new designees, scholarship, good works) could be put together.

Pete mentioned that he has videotapes filed for approval of 2 CE credits from the Society, "Holistic Risk Management". The tape is 2 hours long, and if you show it to chapter members, Society pays for filing fee. Could this also be used for Candidate Development. Clint mentioned something similar from sections to provide education programs for CE.