Endowment Fund

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The Rotary Club of Atascadero Foundation, Inc Fund is an important means by which current and potential donors can support the objectives of Rotary with regards to the local community through the good works of the Atascadero Rotary Club. Gifts to the Fund not only further these objectives but also provide the donor with benefits as well.

The donor will experience the joy of investing in the future of the Foundation and the service it provides the community.

The donor may donate in the name of a family member, friend or organization.

The donor may donate and name a fund and/or scholarship in honor of a family member, friend or organization with a donation of $10,000 or more. Further donations may be made over time to reach the $40,000 goal (Funded Endowment).

The donor may specify a special purpose for an Endowment Fund, restriction income to a designated use (donations of $40,000 or more).

All funds are open ended and may be added to at any time.

All funds become part of the entire Endowment governed by the Foundation Board

Professional Accounting and annual quarterly review guarantee open disclosure of all Endowment activities.

Gifts to the Endowment Fund qualify for maximum income, gift and estate tax donations.

100% of all principal is used for the benefit of generating interest. and 99.00000% of all interest proceeds are expressly directed to the Foundation's Scholarships or held as principal for future gift giving. There are no management fees or administrative fees associated with administering the Foundation.