Escondido Sunrise Rotary; “Sunrise Rotary; Considerations on Funding Scholarships”…            May 23, 2019… 

President Dave led the meeting…

Dr. Joe Holtz led the pledge to our nation’s flag… 

Past President Jack Anderson offered an invocation… 

Visitors and Guests:

Long-time member Burhan Kivrak was back and welcomed heartily… Good to see you Burhan!

Birthdays:                

None this week

Anniversaries:

None this week

Rotary Anniversaries:                        

None this week

 

Dates to Remember:

June        13:    A very special guest speaker… You won’t want to miss this                     program!

        15:    Bonsall Rotary’s Wine Brews and Blues at the Pala Mesa                     Resort…5:30 PM, tickets are $75.00

        19:    President Dave’s Demotion Event; This is a Wednesday                         night… More details to come.

        20:    We will be dark for our regular meeting on Thursday morning,                     June 20

 

Rotarians Having Fun, and Doing Great Things for Groups in Need:

Some Sunrise Rotarians having fun at the Escondido East Barbecue event in Kit Carson Park…

 

Our Interact Club at San Pasqual HS had their end of the year lunch… A great turnout of students and many thanks to our team of Interact leaders, Rorie Johnston and Tina Pope… Also pictured with the group are President Dave and incoming Interact Liaison, Dave Leuvanos… 

 

High Fives and Announcements:

President Dave presented her 8th plus 1 (or 9 years in laymen’s terms) Paul Harris Fellowship Award to Past President Constance Larsen… Nice going Constance… Thanks for your continuing generosity…

 

President Dave shared thank you notes from the following groups:

The Rising Star Program at the Chamber of Commerce; thanking us for contributing to the program to honor high school students…and

The California Center for the Arts, thanking us for a $1,000 contribution

 

Past President Jeff Johnson shared information from SGT Chris Leso of the Escondido Police Department Cadet Program, thanking Escondido Sunrise members for our participation in the recent raffle of a Glock 9MM… Our club members contributed $840 to their event…

Sergeant at Arms Gloria Lefler announced that she is seeking employment and thanked Club Members in advance for assisting her with her job search…

Past President, and Proud Grampa, Jim Ponder shared that his grandson JD got two hits off the pitching machine in his Little League game… Way to coach him PaPa!!

 

Program: 

Impromptu Program Speaker…  Past President and Scholarship Committee Chair, Mark Hoekstra presented the program…

Mark shared that our scholarship program up to this point has focused on a partnership with Cal State University, San Marcos… We have been preparing to fund an endowed scholarship with the University… With some other consideration in mind as to funding possibilities and the amount of control desired by Escondido Sunrise, Mark presented some options that the Club’s Scholarship Committee will be considering in the near future.

Past President Mark Hoekstra presenting to the Club….

 

 

 

In a nutshell, we have the choice of placing our program under the auspices of the University as an endowed scholarship; much of the control for selecting recipients will lie with the University… Or, we can place our funds with the Rotary Foundation through a Donor Advised Fund… Each option was reviewed by Mark as to their benefit for the Club’s program…

 

 

 

The following slides identify differences in the investment and management process. Escondido Sunrise has been setting aside funds for a Scholarship Program for the past few years, and is prepared to contribute approximately $26,000 to either endow a program at CSUSM or to deposit with the Rotary Foundation Donor Advised Fund…

 

 

 

 

 

This final slide identifies the pros and cons of both options.  From this point forward, Club Members are encouraged to ask questions and make suggestions to Mark and the Scholarship Committee… A decision on the action pathway will be made within the next month…

 

 

 

 

Next Week’s Program:

Kasey McNair of “Girls on the Run, San Diego”

OpportunityDrawing:   

Grand Prize:        $642; Past President Jack Anderson had the ‘unlucky’ ticket…                    Sorry Jack, not so lucky today…Thanks for saving the pot for                     next week’s winner…

Lunch Money:    $13.00… And, the winner is… Past President Jeff Johnson…