Governance

This policy is to be applied to all new and existing named memorial funds.

1. To establish a new named memorial fund, an initial donation of at least $1,000 is required.
2. All new named memorial funds will have a sunset clause of five years.
3. After the sunset clause, all monies in a named memorial fund will be transferred into the General E & R Fund, unless at least $15,000 has accumulated in the fund, at which time an additional five years will be added to the sunset.
4. For those funds for which the sunset was extended an additional five years, all monies will be transferred into the General E & R Fund after the five-year extension, unless at least $25,000 has been accumulated. For the latter, the Development Committee should seek ways to use these monies to create a permanent memorial to the deceased member. Any monies left over will be transferred to the General E & R Fund.
5. When an initial donation of at least $1,000 is not available, it should be possible for donors to donate to the memory of an individual via a category entitled "Donation to the AAPM Education and Research Fund in memory of...".