Agenda Item
i. Donation Acceptance of $21,333.33 in Funding from the Waltemeyer Estate in Care of Truist Wealth Management
Summary: Presented by: Mrs. Jennifer Caracciolo, Deputy Chief Communications Officer, Division of Community Engagement & Innovative Partnerships
Request: It is requested that the Board of Education accept the donation for Fernbank Science Center's share of the bequest from Truist Bank, Executor for the Gloria H. Waltemeyer Revocable Trust and Robert V. Waltemeyer Trust for $21,333.33.
Why: The funding provided by Mr. Robert Waltemeyer’s estate in care of Truist Wealth Management in the amount of $21,333.33 will be utilized to support the Fernbank Science Center.
Details: At Mrs. Gloria H. Waltemeyer's passing, her Interim Trust directed the Trustee (Truist Bank) to make specific cash bequests from $640,000 to the charities designated in the late Mr. Robert V. Waltemeyer's Trust. Fernbank Science Center was listed as one of the charities. Truist Bank sent a check to DeKalb County School District for $21,333.33, which represented Fernbank Science Center's share of this bequest. There are no stipulations on what to do with the funds other than they are designated for the Fernbank Science Center.
Financial impact: There is no financial impact for the district accepting a donation in the amount of $21,333.33 from Truist Wealth Management on behalf of Mr. Robert Waltemeyer’s estate.
Contact: Mrs. Jennifer Caracciolo, Deputy Chief Communications Officer, Division of Community Engagement & Innovative Partnerships, 678.676.0409
Effective: Upon Board Approval
Status: Approved by Legal Affairs