Here's a polished version as a short paragraph:
During the past year, the Trust was pleased to support 17 community funding applications, distributing approximately $35,000 to local organisations and initiatives. This was in addition to around $9,000 contributed towards the Rotary Foundation, the Polio eradication programme, and the provision of school dictionaries. While many funding requests were relatively modest, the Trust was proud to make a major contribution of $10,000 to the Tunnel Trails Trust, the principal beneficiary of the year's Book Sale proceeds. Members are encouraged to continue identifying worthwhile community projects and organisations that could benefit from Trust funding, ensuring we continue to make a positive difference throughout our community.
If you'd like, I can also make it sound more like a President's Annual Report or an AGM presentation.