Table of Contents - May/June• 2004

Central Office Section News- United States
Foundation News
Kishi Fund Donors
Dental World
Page
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May/June• 2004
Page 6


Foundation Interim Meeting
by President Carl Lundgren

The Foundation Board of Trustees conducted a very productive Meeting at the Chicago workshop on Saturday April 3. The facilities at the Chicago Airport Hilton that Richard Kozal had arranged for us were just right, and he is to be commended. Richard is an ex-officio member of our Board and does a great deal of behind-the-scenes work for us that most do not realize.

All Foundation Board members were present, along with three additional Academy representatives who serve on our committees.

The Board needed the time to go over our investment program, the bylaws, and the policy manual. More than two hours beyond our scheduled time was necessary to complete the work, but we got it all in.

Our Board is a functioning blend of Past Academy Presidents and Academy board people that follows the format originally set forth by Bob Shira, and approved by the Foundation Board in 1994. This dovetailing of efforts leads to a harmony and mutual understanding. We are now slightly altering it to fit the current circumstances.

The Budget & Finance Committee Chairman Bill Kort is ordering an accounting review of our finances as the Board wishes, along with a number of other tasks needed in the transition.

The Public Relations Committee Chairman Larry Barrett has done his publicity efforts very well, as usual. I trust that the ADA News will follow through as promised because we rely on them for our requests for proposals.

The volunteer work by Editor Jim Brophy to produce the Minutes of that very complex San Francisco Meeting is certainly appreciated. He is again to be congratulated on an excellent performance in Dental World. We have gotten great coverage for the Foundation.

The Investment Subcommittee Chairman Nick Saccone brought us a couple of investment offerings to consider as well as an analysis of the strength of different sectors of the current market.

The Bylaws and Policy Committee Chairman Howard Mark is to be commended for his splendid work in developing a more clearly written set of Foundation Bylaws and a newly compiled Policy Manual document that reflects the resolutions the Foundation Board has deliberated and approved over the years. No one realizes how much time, experience, and effort goes into this task. This is done over a long period of perseverant and painstaking time. The Board was so helpful in working to help him refine the wording. Howie promises a draft to be in our hands well before the Fall Meeting for our review.

We did not have the time at this meeting to review the Grant Committee process in depth, but we have a proven leader and conscientious worker in Gary Lowder to lead that function. I am confident that Executive Director Fred Halik has passed on all of his vast grant knowledge.

The Memorial and Tribute Funds Program is going to be essential to our success. The 5% donation rule keeps us on the straight and narrow and gives us very little wiggle room. Over the last 10 years, we have been very successful in managing to keep our overhead low so we can meet the goals of our mission. I believe that we can continue to do so. Donors, large and small, can then set up a program with our fund that is tailored to fit their wishes and gain their confidence that we will preserve their capital and provide the kind of program that they wish.


Keep in mind that we can count on a regular estimated income from our long-term U.S. government-backed securities that will be available to us for our Fall Annual Meeting and our grant and scholarship awarding for 2004. We included that figure in our budget at the San Francisco Meeting. This current investment formula has utmost safety and will cover what we need to accomplish our mission. There is no investment risk to erode our principal this year.

There may be a place in the future for altering our current investment course. The stock market may give us better income if we can find a plan that could work for us. I do not oppose a sure-fire pilot program with a small amount of our assets. The point was brought out, by a member at the Board Meeting that any future investment decision has the potential for causing us to invade our principal. This is against all rules of the Foundation. That would mean, for an unknown period of time, the elimination or decimation of the scholarship program and/or the Foundation donations to the Academy, assuming that we continue to support the core humanitarian efforts that we have been doing—and the reduction of all line items of our operating costs as needed. And then there are the large penalty taxes that go with a decreased giving program. We have to take our time and be exceptionally careful. The influences that effect the stock and bond markets have gradually changed and the markets are now in some ways at the mercy, upon global conditions beyond U.S. control.

In accordance with the agreed-upon protocol by the Board, e-mail and other means will be used to reach every member of your committee in order to reach a consensus on what actions to bring before the Board. It is requested that each committee chairman work with his committee members to develop a consensus on any proposed action. When that consensus is reached, please include the documentation, to be written by the Committee Chairman into the Agenda Manual. Now is a good time to start.

As an ex-officio member of each committee, I would appreciate it if each of you would copy me with your committee communications.

We are fortunate to have such a group of dedicated people on our Board to administer the funds. And we are really fortunate to have all of that money to administer. The standing of the Academy depends on what we do. But mostly, the people whom we reach with direct dental care depend on us.


Dr. Carl Lundgren






Foundation Section News

India

The India Section, at their recent Convocation and Awards Ceremony, presented the Foundation Scholarship Award to Sandeep Pawade, II BDS, G.D.C., Aurangbad.


L-R, top row, PFA student scholarship recipient Sandeep Pawade, best student award for Bapuji Dental College (2002) recipient Dr. S. G. Jyothi, best student award for Maulana Azad Dental College (2003) recipient Dr. Ambica Kuthuria, and best student award of Bapuji Dental College (2000) Dr. Dinesh Singh Chauhan. Second row: PFA Section Secretary/Treasurer T. Samraj, Chief Guest Dr. B.P. Rajan, Section Chair Nilesh Gandhi, and Chief Editor V.P. Jalili


The Netherlands

Dr. J. R. Dam Backer, Secretary of Bridge the Gap Foundation, reported that their project, financially supported by the PFA Foundation, the ADI Foundation, the Rotary Foundation, and the ACD European Section, donated a new modern operation room to the hospital in Vietnam. Bridge the Gap Foundation is composed of seven professionals—two plastic surgeons, two maxillofacial surgeons, an anesthesiologist, and two dental surgeons—from the Academic Hospital University of Amsterdam. They regularly aid the Maxillofacial and Plastic Surgery Institute in Saigon responsible for treating patients in all of Vietnam. The Dutch professionals train and instruct their Vietnamese colleagues as well as operate on the many cleft palate patients in the country. Their expectations have turned out better than even they believed they would. The Dutch Team again visited Vietnam last January and inspected the new surgical operating room at the hospital.

This all started from a 2003 contract with the Dental School in Saigon to establish a dental follow-up program to treat the children. The Dutch Team wanted to form more than a “hit and run” circuit by introducing a complete, multidiscipline treatment scheme of surgical, restorative, orthodontic, speech training, etc, like in the western world.




The first pilot project of 56 children had some flaws in travel distances, fear of costs to the parents, and the misconception by the parents that since the lip was closed the problem was over. And cleft palates were not the only problems addressed. There were motor vehicle accident disfigurements, orthodontic and surgical problems, cranio-dysfunctional situations, macrognathic and micrognathic and cancer deformations. The Team spent a week in Saigon, then went to Laos.

Laos, a country as big as England, has 5 million very poor people with very little medical surgery facilities. The government has not handled these problems for their people. The cleft palate problem in Laos is as bad as it is in Vietnam. The resolute Dutch team wanted to begin assisting the need by starting right in at the Vientiane Mahosot Hospital. However, the bureaucracy of the situation resulted in stacks of paperwork and hours of translated negotiations before the Dutchmen were able to reach an agreement to start in 2005.



Table of Contents - May/June• 2004

Central Office Section News- United States
Foundation News
Kishi Fund Donors
Dental World
Page
1 2 3 4 5 6 7





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