Kathy McCone, Lee Harman, and Carla Gastineau spoke about the Rotary Foundation. 

 

Goal of the Foundation is:  Do good in the world. 

 

Foundation was first proposed in 1917 and started with $26. It is the 100th Year!

Separate legal entity.  Managed by 15 member board nominated by International President.

 

Programs funded cannot benefit Rotarians or immediate family.  Donations are invested for 3 years and interest covers administration costs.  $100 donation per year makes you a sustaining member.

 

Our club can apply to the foundation and district for matching dollars for certain projects.  The District has given us a grant for the Splash Pad, this is through the Foundation.  We were awarded the second highest amount out of all the clubs in the district.

 

1985 Polio Plus was started.  Goal was to have Polio eradicated in 2005.  Only 3 countries have had Polio incidents this year – 29 cases.  The Bill and Melinda Gates Foundation has made large donations to Polio Plus.  Total $1.2 billion dollars have been donated.  2.5 billion children have been vaccinated.

 

Rotary Endowment Fund – “Permanent Fund” – you can put money of any amount into this fund.  The money stays there permanently and the interest it earns will be used to fund Rotary International.  100% of donated dollars will go back to the community. 

 

You can become a major donor through your retirement account, life insurance, trust, or will.  If you bequeath over $10,000 you can become a member of the bequest society.

 

Bailey, Duskin & Peiffle will give $150 off the price of the preparation of a will or codicil to a current will if you make a specific bequest of $10,000 to Rotary Foundation/Rotary International.

    

Go to myrotary.org to give online.  You can set up recurring giving. 

 

You can choose where you want to give your money (Annual Fund, Polio Plus, Permanent Fund, etc.).  Boeing and Microsoft give 2:1 and 3:1 matches, respectively.  On myrotary.org you can print out forms to get the match through your employer.  

 

If you give online, give Kathy your receipt to get your matching points for the month of November. 

 

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