The Rockwell Trustees voted Nov. 17 to withdraw and segregate $322,769.70 from the trust’s investment account to reserve funds for the school grant cycle, and they accepted an investment report from Raymond James showing strong year‑to‑date performance.

Jenny Walsh, identified in the meeting as an attorney involved in trustee business, put the segregation measure on the floor and Attorney Rice seconded it; trustees approved the motion by voice vote. Scott of Raymond James told trustees the account’s current value was “about $2,892,799,” and that year‑to‑date gains (income plus appreciation) were $358,633. Scott said the practice for determining disbursements is to use 90% of that 12‑month figure as the base for distributions.

The motion’s sponsor described the $322,769.70 figure as “90% of the total investment, including capital gains and earned income for the year to date.” Trustees discussed whether staff should execute the transfer immediately; staff member Nancy was named as the person who typically handles distributions and trustees left timing to staff’s usual practice.

Following the segregation vote, Jenny Walsh moved and Jen Demick seconded a motion to accept the Raymond James investment report as presented; trustees approved that report by voice vote. In his presentation, Scott detailed portfolio composition (roughly 60–65% equities and about 35% in cash and fixed income), reported year‑to‑date performance near 13.53% and a three‑year annualized return near 14% after fees, and said expected dividend cash flow for the next 12 months was about $68,000.

Trustees did not record a roll‑call vote; the meeting transcript records voice votes and motions recorded as carried. The board agreed to keep monitoring the portfolio and to continue tracking transactions and distributions at future meetings.