BULLETIN – May 19, 2021
By Tim Dempsey
President Tom Zengeler opened the meeting, Jeff Harger gave the pledge, Patricia Bleck led us in prayer and Songmeister Dennis Kratohwil helped us through “Summertime”. Lyrics knowledge was suspect!
BRAGS:
-Ron Lapins witnessed his grandson's baseball team sweep their tournament.
-Tucker Olson was happy to be back in person.
-Patricia Bleck's son graduated from college.
ANNOUNCEMENTS:
-Bill Rickert told us he had 3 candidates for the Service Above Self Award. The winners were Hasu and Sue Ghandi. They run a food pantry from their garage in Vernon Hills that feeds 200 families per week! The award will be given in June.
-Doug Fendon is sending out an email re: the Installation Dinner. Golf is 6/23 and the Dinner is 6/31 at Tom Zengler's house.
-The Blue Star Recycling event served 123 people and 5520 lbs were recycled!
FUN & FROLICS:
-John McDonald was not prepared so he spun the wheel. Ironically he had to sing “Old McDonald had a Farm”!
PROGRAM:
Today's program was our own Steve Risley and Bob Zamor talking about the Rotary Foundation's international grants. The Foundation has $1.3 billion in investments with a 5 year average return of $352 million. Earnings that are more than 3 years old are used for grants. The Foundation has a 4 star rating from Charity Navigator ( their highest) and distributes 92% of earnings to grants.
The club has given $400k to the Foundation since it's formation. 22 Sunrise members are Paul Harris Fellows having contributed $1,000 to the Foundation. 10 members are major donors. A major donor is someone who has given $8k to the Foundation. The Club matches member contributions to attain Paul Harris status. The Paul Harris Society includes Rotarians who give $1,000 per year.
Bob Zamor told us that prior to 2013 $100 of Club contributions went equally to Global grants and DDF (District Directed Funds). Half globally and half locally. $1,000 could become $3,500 in a global grant. Locally $1,000 became $2,000 with a District match. In 2013 the Foundation was swamped with grant requests. The minimum grant was raised to $30k. In 2015 the formula was changed to 50% global, 45% local and 5% for operating expenses. This year the formula is 47.5% DDF, 47.5% Global and 5% for expenses and the International match is down to 80% from 100%.
The club's contribution has decreased from $17k in 2016 to $5k in 2020 and $2,765 so far this year. The question is: what can we give? Contributions to the Foundation by 6/30 count for the current year. Contact Steve Risley if you make an contribution so the Club gets credit.
RAFFLE:
Daily: $33 won by Tom Zengeler who donated it to the Foundation.
Progressive: $457 (36 cards). Seb Karasu drew the 3 of diamonds. Rollover!
NEXT WEEK:
Greeter & Prayer: John Blair
Fun & Frolics & Bingo: Tom Miller
Program: TBD
THOUGHT FOR THE DAY:
“Dignity does not consist in possessing honors, but in deserving them”. Aristotle