Posted by Malcolm Kennedy on Mar 01, 2021
Excerpts from a Message from K.R. Ravindran 2021-2022 Trustee Chair, The Rotary Foundation Policy Changes, effective July 1, 2021 that will have an impact on current and future Global Grants.
 
Dear Rotarians,
 
This has perhaps been the most turbulent year of this generation — we faced a global health crisis, natural disasters, and economic turmoil all at the same time and the whole world was affected.  Through it all, Rotary has stood tall. We have heard stories of some amazing acts of generosity and personal acts of service by clubs, Rotarians, and Rotaractors.
 
Because the high demand for global grants is far exceeding and outpacing the growth in Annual Fund contributions, the World Fund is depleted well before each Rotary year ends and we find ourselves in a position where we cannot fund all the global grant requests we receive.
 
A financial shortfall is expected this year and likely in the coming years because of the growing success of our global grant program.
 
Therefore, the Trustees have approved policy changes, effective 1 July 2021, that will strengthen the Foundation’s ability to fund more global grants.
 
The World Fund match of DDF will be reduced from 100% to 80% when being used for global grants.
 
Instead of DDF applied to global grants receiving a 100% match from the World Fund, the global grants match will decrease to 80%.
 
Example of District 5050 Global Grant MatchCurrent Match1 July 2021
Minimum Club(s) Funds + applicable 5% TRF admin fee$10,000$10,715
District Designated Funds (DDF) D5050 Match $1 for $1 of Club Funds$10,000$10,715
World Fund match DDF (Current @ 100 % as of July 1, 2021 @ 80%)$10,000$8,570
Minimum Project Budget $30,000 USD$30.000$30.000
 
 
 
For the 2020-21 Rotary year, as long as funds remain available, DDF will continue to be matched at 100% for applications submitted by 31 May and approved by 30 June. Applications that are not approved this Rotary year will need to be resubmitted with adjusted financing
 
Your Trustees have spent a considerable period of time deliberating these issues, and these policy changes are the result of careful thought and planning. Balancing financial resources with program demands is challenging for any nonprofit, and adjustments and difficult decisions are sometimes necessary to cope with the changing situation.
 
We appreciate your cooperation and understanding.
 
Sincerely,
 
K.R. Ravindran
2020-21 Trustee Chair, The Rotary Foundation