District Foundation Chair and a Past District Governor Larry Juibie spoke about the Rotary Foundation.  November is Foundation month.

 

 

Rotary has an Annual Programs Fund (APF) as well as the Polio Plus Fund.  The APF is used for Rotary programs.  The money is invested for three years. The interest is used for overhead expenses.  The rest goes directly to Rotary programs.  

 

One half of the APF is district designated funds for grants up to a $10,000 match.

 

Last year $107,000 was handed out in matching grants that were used for international and local projects.  August 31 of each year is the deadline to submit grant applications.

 

Global grants are available for $10,000 to $200,000.  The money donated by the club is matched 2.5 times and the project has to be international and used for one of six areas of focus Rotary has identified.

 

Scholarships are funded through global grants.  There are two different types of scholarships.  1.  Peach Scholarships - up to 150 given each year and 2. Global Scholarships - only one given each year.

 

Donations to the Foundation result in points being earned that the donor can apply towards giving a Paul Harris.  Club contributions, such as our contribution to the Bungoma water project results in points the club can give.  Next week our club Foundation Director, Kathy McCone is going to tell us how your contributions may be matched. 

 

During the meeting, Kathy presented a Paul Harris plus 2 to John Dykstra.