The Oljato Fund

Fund Premise

In recognition of the profound benefits provided by their experiences at Camp Oljato, the alumni of the Camp Oljato Staff have created the Oljato Fund, a private entity, to ensure similar experiences will be extended to future generations.

Fund Mission Statement

The Fund will provide direct support for Camp Oljato by instigating, funding, and implementing beneficiary projects in coordination with the Pacific Skyline Council. These may be projects improving the physical facility or camp program as deemed needed by Camp Oljato Staff Alumni in conjunction with the Council Camping Committee. This support will augment and not conflict with other ongoing Council projects or fundraising campaigns.

Structure of the Fund

The Fund will be a private entity wholly independent of both the Boy Scouts of America and the Pacific Skyline Council.
The Fund will formulate project ideas, raise the needed funds and resources and implement these ideas without being dependent upon support from the Pacific Skyline Council.
The Fund will be managed by an Advisory Committee as described below.
The Fund will be administered by the Pennisula Community Foundation, and will abide by the FCFís requirements as a recognized non-profit Foundation. Such a structure will ensure that contributions to the fund are tax-deductable.
All projects will be approved by Pacific Skyline Council and will augment the Council's ongoing Camp Oljato goals. The Fund will promote specific projects annually and raise funds and other resources as needed to accomplish these projects.
All contributions to the Fund will be used solely for designated projects benefiting Camp Oljato (excepting minor administrative costs).

Project Requirements

The Fund will consider projects which provide a direct benefit for Camp Oljato and its campers. Projects may be suggested by anyone through a written proposal to the Fund. Projects will be reviewed and approved by the Advisory Committee and the Pacific Skyline Council. Project proposals may be for physical facility improvements or program improvements, but not for annual camp operations or routine camp expenditures.

Projects to be considered by the Fund might include:

Additions to or repairs to infrastructure or structures beyond normal maintenance·
Equipment required for the Camp that is above and beyond that required for the normal programming.
Funds for camperships for needy Scouts
Major infrastructure projects, for which the Fund may provide matching funds to complement those raised by the Council.

Determination of Project Funding

Fund allocation will be determined by the Camp Oljato Fund Advisory Committee. The Advisory Committee will have the ability to allocate any or all of the assets of the Fund to the projects of their choice.

The Camp Oljato Fund Advisory Committee

The Advisory Committee shall consist of [five]members, all of whom must have served as a member of Camp Oljato's Staff. Members will receive no fees or other consideration for their involvement with the Fund. The committee shall meet at least once a year, and will have the following responsibilities:

Soliciting, reviewing and approving project proposals.
Determining allocation of the assets of the Fund.
Proposing and reviewing the project with the Council.
Ensuring issuance of funds and execution of the project.
Ensuring that funds and the project are completed as designated including final review and project closeout.
Reporting the financial condition of the Fund, including sources and uses of funds, to all contributors to the Fund.
Interface with Peninsula Community Foundation and fullfill necessary requirements.
Deciding structural changes to the Fund while adhereing to stated Mission Statement.
All other functions necessary for the ongoing operation of the Fund.

Investment of Fund Assets

Pending use of the Fund's assets, all assets will be kept in interest bearing accounts. Assets for annual projects will be kept in money market accounts.

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Last updated 5/11/99