The colleges/universities below all received a Letter of Understanding from the KCWF committee. The example below is the one that was sent to Colby Community College. The letters must be signed and completed by an administrator and the coach of each institution. The KCWF will make its first distribution in the Fall (September or October) of 2012. The fund raising each year ends on August 31st. So our first year of fund raising is not completed.
Sincerely,
Sean McCarthy, Chairman
KCWF Forever Fund
913.491.5837 (home) / smokeycabin@hotmail.com
The mission of the Kansas College Wrestling Fund is to provide financial support to active college wrestling programs at Kansas colleges and universities. This financial support will help provide wrestling, academic and eventual career opportunities for student athlete wrestlers in the State of Kansas.
Make checks payable: USA Wrestling – Kansas, Inc./KCWF, a not-for-profit 501(c)(3) entity.
Mail to: Mike Juby, Kansas College Wrestling Fund, 7208 Magnolia Way, Hutchinson, KS 67502
Kansas College & University
Wrestling Teams
Baker University
Benedictine College
Bethany College
Fort Hays State University
Newman University
Colby Community College
Labette Community College
Neosho Community College
Northwest Kansas Technical College
Pratt Community College
LETTER OF UNDERSTANDING
between
Kansas collegiate wrestling institutions and USAW-Kansas, Inc.-Kansas College Wrestling Fund (a.k.a. USAW-Kansas, Inc.-KCWF).
The Colby Community College – 1255 South Range, Colby, KS 67701 herein agrees to accept funds from USAW-Kansas, Inc.-KCWF with the following conditions:
1. The principal amount for the school’s wrestling program will become a part of the University's (designate one):
_____ Permanent restricted fund for wrestling
_____ Endowment fund for wrestling
_____ General wrestling operating fund
2. Funds from this account will be made available annually to the wrestling program based upon the then current spending policy which will have been established and approved by the University's Board of Trustees.
3. It is herein stated and expressly understood that at no time shall the initial amount set forth as a gift for the __Colby Community College__ Wrestling Program be invaded or used in any manner inconsistent with the directions and desires as designated by the USAW-Kansas, Inc.-KCWF foundation.
4. All investment decisions relative to this fund shall be solely at the discretion of the Finance and Executive Commit¬tee of the University's Board of Trustees who may elect to utilize counsel from an outside profes¬sion¬al investment management firm.
5. If, for any unforeseeable reason, the university makes the decision to discontinue or drop the sponsorship of the university wrestling program, the USAW-Kansas, Inc.-KCWF foundation requests that the funds provided for the wrestling program in that year be returned or refunded in full along with any unused funds from previous years that remain in the permanent restricted fund or endowment fund.
6. The USAW-Kansas, Inc.-KCWF respectfully requests that the university budget that supports the wrestling program not be altered or reduced as a result of the USAW-Kansas, Inc.-KCWF contribution.
7. Future distribu¬tions from the USAW-Kansas, Inc.-KCWF fund shall be in accordance with these same guidelines.
The intent of the contribution is to provide special funding for the wrestling program by creating support for the following areas but is NOT limited to: wrestling scholarships for program participants, special needs for the operational budget, travel expenses, uniforms, facility upgrades or mats, equipment to support the wrestling program, technological needs, or other items deemed necessary by the Head Wrestling Coach, Director of Athletics, or the University Budget Manager.
LETTER OF UNDERSTANDING
Between Kansas collegiate wrestling institutions and USAW-Kansas, Inc.-KCWF
Page 2
Please sign, date below and mail signed original to:
USAW-Kansas, Inc.-KCWF
ATTN: Sean McCarthy, Chairman
11524 Rosehill Road
Overland Park, KS 662210
_____________________________ DATE_________________________________
Ryan Sturdy
Athletic Director
Colby Community College
_____________________________ DATE_________________________________
David Nordhues
Head Wrestling Coach
Colby Community College
_____________________________ DATE_________________________________
Sean McCarthy
Chairman
USAW-Kansas, Inc.-KCWF
