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Our esteemed Director of the Rotary Foundation of Lake Stevens, Jim Haugen, updated our Club talked about One Rotary Club - Two Foundations. They are the Rotary Foundation of Lake Stevens and the Rotary International Foundation. Until Jim joined our Club, our RCLS Foundation wasn't meeting the expectations of the District and Rotary International. Once Jim took over the responsibilities of the Foundations, we have gradually grown to meet and exceed District and RI goals. The RCLS Foundation was established on December 31, 1998. The Rotary International Foundation was first seeded in 1917 when Arch Klumph's idea for a endowment fund was mentioned. In 1928, the Rotary Foundation was formally named. In 1929, the Foundation made its first gift of $500 to the International Society for Crippled Children. The organization, created by Rotarian Edgar F. "Daddy" Allen, later grew into Easter Seals. The Lake Stevens Rotary Charitable Foundation Board of Directors consists of Ken Collins, President; Reshal Ploeger, Vice President; Laurie Westover, Past President; Chris Vallo, Treasurer; Gary O'Rielly, Secretary; Ilene Levering, Avenue of Community Service and Lance Morehouse, Avenue of Vocational Service. The RCLS Foundation assets are $134,248. The Loren Hole Endowment Fund is $68,166. This Endowment was started in 2007. The RCLS Foundation has $13,596 to spend this year with the possibility of another $6,000 to spend. The Mission of the Rotary International Foundation is to enable Rotarians to advance world understanding, goodwill, and peace through the improvements of health, the support of education, and the alleviation of poverty. The Charity Navigator has given the Rotary Foundation a Four Star rating and we have been told that Linkedin has rated the Foundation as the #2 in the world. In the Rotary Foundation, 92% of funds are spent on program awards and operations. |