Hammond Memorial Maintenance Fund Agenda

FIFTEEN ROPE FERRY ROAD
WATERFORD, CT 06385-2886
SPECIAL AGENDA
PHONE: 860-442-0553
www.waterfordct.org
RECEIVED FOR RECORD
MA ECT (0 Pf Ob
Of
HAMMOND MEMORIAL MAINTENANCE FUNDS COMMITTEE
Thursday, October 29, 2024
8:30 AM
https://usOQ2web.zoom.us/j/882374698772pwd=bG 5 bRuhDIOO2rY CTDSXh8qV13 7 Bib. |
1. Cail to order.
2. Approval of the October 23, 2023 Meeting Minutes.
3.a.- Consider and act on distribution of funds for the Hammond
Memcrial Maintenance Fund in accordance with the proposed
expenditures.
3.b. Overall consideration and action on the management of the
Fund.
4. New Business.
5. Adjournment

FIFTEEN ROPE FERRY ROAD
WATERFORD, CT 06385-2886
PHONE: 860-442-0553
wwwavaterfardct.org
MINUTES
HAMMOND MEMOIRAL MAINTENCE FUNDS COMMITTEE
Monday, October 23, 2023
Louise T. Appleby Room ~ 9:00 a.m.
Present: Tom Dembek, RTM; Glenn Patterson, BOF Chairman; Rob Brule, First Selectman;
Ed Murphy, Recreation & Park Commission; Rob Mooney, Eugene O'Neill; Paul
Goldstein (9:03 am), RTM
Absent: Abbas Danesh, Treasurer
Staff: Kimberly Allen, Director of Finance; Rob Avena, Legal Counsel
1. Establishment of a querum and call to order
A quorum was established and the meeting was called to order at 9:00 a.m.
2.a. Consider and act on distribution of funds for the Hammond Memorial
Maintenance Fund in accordance with the proposed expenditures.
Mation by Tom Dembek and seconded by Ed Murphy to approve the distribution
of $15,000 as requested.
VOTE: 5-0-0 Motion passed.
2.6. Overall consideration and action on the management of the Fund.
The Committee supports the recommendation of the Town Treasurer to review
the investment options for the Hammond Memorial Fund.
Motion by Pau! Goldstein and seconded by Ed Murphy
VOTE: 5-0-0 Motion passed.

14. Adjournment
Motion by Ed Murphy and seconded by Paul Goldstein to adjourn the meeting at
9:11 a.m.
Vote: 5-0-0 Motion passed.
Respectfully submitted,
Kimberly Alley!
Director of Finance

8/8/2024
To: Hammond Memorial Maintenance Fund Committee
From: Abbas Danesh (Treasurer — Town of Waterford)
Subject: Investment Status of Hammond Memorial Funds
After distribution of $15,000 on 8/17/2023, per Eugene O'Neill Theater Center request,
... brought our ending balance on 6/30/2024 to $116,911.
Attachment 1 shows the performance of D&C Funds.
...our allocation is, 68/32 (equity/income).
Our funds’ performance vs benchmarks as follows:
Stock Fund DODGX 18.97% vs S&P 500 24.56%
Income Fund DODIX 4.54% vs Agg Bond 2.63%
International Fund DODFX 8.72% vs MSCIEAFE 11.54%
Tam looking forward to our meeting, and answer any questions you might have.
Sincerely Yours,
Abbas Danésh — Treasurer
A «omy next report will be in July 2025

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October 2, 2024
Hon. Rob Brule
First Selectman
Town of Waterford
15 Rope Ferry Read
Waterford, CT 06385
Re: The Hammond Fund
Dear Mr. Brule:
1am writing to formally request a meeting with you and the Hammond Memorial Committee for a review of the
Hammond Fund for upkeep of the O’Neill’s property, and a discussion of the proposed expenditures associated
with it. We respectfully request the Town's distribution of $15,000 from the fund to support this upkeep for the
coming year.
We are grateful for the continued support of the Hammond Memorial Committee and the Town of Waterford in
our efforts to maintain this beautiful property. As always, your championship of our endeavor to make the
O'Neill an arts destination for everyone in Waterford, and indeed across the country, means a great deal. If you
have any questions, or require anything further from us, please contact either me at (860) 443-5378, Ext. 213 or
via email at rmooney@theoneill.org.
Thank you for your time concerning this matter, and | hope that we’ll see you on campus soon.
Warmly,
Keb Wleoney
Rob Mooney
Director of External Relations
EUGENE O‘NEILL THEATER CENTER
305 Great Neck Road * Waierford, CT 06385 + PH (860)
www.theoneillorg
443-5378 * FAX (860) 4 43.9653