The Walter H. McClenon Fund

Annual Meeting of Members and

Annual Meeting of Trustees

Sunday 23 March 2014

Minutes of Meetings

Annual Meeting of Members

The annual meeting of the Members of the Walter H. McClenon Fund, Inc. was held on Sunday 23 March 2014 in cyberspace. For purposes of reporting, it was convened from 1119 S. Carolina Ave, S.E., Washington, DC 20003. The President called the meeting to order at 4:02 p.m. EDT. The following Members were present in person or on the phone:

· Bob McClenon – President

· Chuck McClenon – Treasurer (phone)

· Carol McClenon – Secretary (phone)

· Dave McClenon (phone)

· Lee McClenon (phone)

· Tom Baisden – Vice President(phone)

The minutes of the previous Annual Meeting (of March 16, 2013) of the Members were accepted unanimously.

Chuck McClenon presented the Quarterly Report of the Treasurer in lieu of the Annual Report. He said he will construct an Annual Report for the IRS shortly.

The President noted that there is no Annual Report of the President.

The Secretary presented the Report on the Election of the Trustees and noted that the following Trustees were re-elected:

Tom Baisden

Katherine Clark

Robin Clark

Jean-Michel Giraud

Carol Livaditis

Carol McClenon

Charles McClenon

Clara McClenon

David McClenon

Lee McClenon

Robert McClenon

The meeting of the Members was adjourned at 4:06 p.m.

Annual Meeting of Trustees

The annual meeting of the Trustees of the Walter H. McClenon Fund, Inc., was held on Sunday 23 March 2014 in cyberspace. For purposes of reporting, it was convened from 1119 S. Carolina Ave, S.E., Washington, DC 20003.

The President called the meeting to order at 4:07 p.m. EDT. The following trustees were present in person and on the phone:

· Bob McClenon – President

· Chuck McClenon – Treasurer (phone)

· Carol McClenon – Secretary (phone)

· Tom Baisden – Vice President (phone)

· Lee McClenon (phone)

· David McClenon (phone)

1. Approval of minutes of previous quarterly meeting of 1 December 2013:

a. The minutes were unanimously approved.

2. Quarterly Report of the Treasurer (previously distributed by e-mail, attached):

3. It will be posted to the website.

4. Report of President:

a. The President summarized the 41-page report (which includes blank pages).

b. General [Endowment] Summary (2 pages)

c. Special [Endowment] Summary (1 pages)

d. Assigned List (1 page)

e. Unassigned List (2 pages)

f. Long Agenda List (32 pages)

5. Ad-Hoc Committee reports – none. Once again, the President urged any Trustee to report on any organization that he or she wants to.

6. Other Committee reports – none

7. Election of Officers for the period of April 1, 2014 – March 31, 2015:

a. Bob McClenon was re-elected President by acclamation.

b. Chuck McClenon was re-elected Treasurer by acclamation.

c. Carol McClenon was re-elected Secretary by acclamation.

d. Tom Baisden was re-elected by Vice President by acclamation.

e. Carol McClenon was re-elected Assistant Treasurer by acclamation.

f. Tom Baisden was re-elected Assistant Secretary by acclamation.

8. Action on By-Laws – none.

9. Action on File of Grant Requests:

a. The Trustees voted to make a $2,500 contribution from the Special Endowment to the Texas Signature Course in Philanthropy. The Trustees recommended that Chuck ask the broker to sell something to raise the necessary funds. Chuck will e-mail information about the Signature Course.

10. Other New Business:

The Investment Committee will meet and will confer with our broker re: whether we

a. have any holdings we do not wish to keep because of social concerns (e.g. tobacco companies, etc.) and will report back at the next meeting.

11. Next Meeting: The Quarterly Meeting will be held on Sunday 22 June 2014, at

a. 4 p.m. Eastern time, 1 p.m. Pacific Time.

The meeting was adjourned at 4:40 p.m.

Respectfully Submitted,

Carol A. McClenon

Secretary