The Lake Morey Foundation is a nonprofit organization operating under State of Vermont-approved Articles of Incorporation, a set of Bylaws, Governance procedures and controls of carefully invested funds. Disbursements are made only after thorough review, ensuring that the basic purposes of the Foundation are observed. A yearly summary of LMF operations is published in the Town of Fairlee’s Annual Report.
The Foundation is governed by a Board of Directors whose members are elected to staggered 3-year terms. Each Director is also a member of one or more Board committees that carry out the business of the Foundation between official Board meetings. The Board of Directors meets twice a year, typically in May and September, and conducts other business via conference calls throughout the year.
Board of Directors 2017
Patty Armstrong, Secretary
Josh Bloomberg, Treasurer
Bruce Durgin, President
Peter Massicott, ex officio LMPA