Risk Management 101 - 2004/05
THE ASSOCIATION: When an
association looks at Risk Management it has
to consider various levels and areas. As a
basic, any association needs to have cash
reserves available when it encounters hard
times. These cash reserves usually are a
percent of its total operating budget and a
motion made by the Board of Directors
should establish the exact dollar amount.
This amount will vary depending on the
individual association.
On the Fly Late-breaking news from Headquarters - 2001/03
New Life Member
The Academy of Model Aeronautics
recently welcomed another Life Member:
Ron Sharpton of Daytona Beach, Florida
(L541).
For information about becoming a Life
Member, contact AMA Headquarters at
(800) 435-9262. MA
—Membership Department
Wills and Gifts
Following is suggested language for
an AMA member’s will when he/she
wishes to beqeath property and/or money
to the AMA.
“I give, devise, and beqeath the sum
of ___ dollars ($___) to the Academy of
Model Aeronautics Inc., a section
501(c)(3) tax-exempt organization with
its Headquarters currently located in
Muncie, Indiana, with the request that
such bequest be used for the following
purposes: … ” MA
—Carl Maroney
Special Services Director
