Cupertino Rotary Endowment Foundation (CREF)

Subpages

Welcome

Legacy Society / Planned Giving

CREF Board of Directors

Forms

AOS Project Form

CREF Form 1 Request for Funds Fillable

CREF Form 2 Request Sponsorship Fundraiser Fillable

CREF Form 3 Check Request Fillable

CREF Form 4 Legacy Society Membership Fillable

Files

CREF Brochure

CREF Annual Report

CREF Annual Meeting 2023-24

V2020 Newsletter

CREF By Laws

CREF Policies and Procedures

CREF Tax ID #_77-0288042

The Endowment was conceived in 1991 as a means to allow Rotary to continue to be a valuable contributor to local needs in case there was some disruption to more traditional fund raising efforts.

The Endowment provides an avenue unto which local philanthropy can be encouraged and channeled. It is a separate entity from both the Rotary Club of Cupertino and Rotary International. Its 501(C)(3) status affords individuals, families, trusts, foundations and corporations the ability to contribute to charitable causes and realize tax benefits from such contributions.

Every member of the Rotary Club of Cupertino is automatically a member of the Endowment.

Goals of the Program

Provide a growing pool of prudently managed investment funds for the sole purpose of charitable giving
Provide a vehicle to make tax-deductible donations of assets with the knowledge that donations benefit charitable causes
Provide a growing source of financial support
Provide a legacy for future generations

Funding Sources

The Endowment obtains its funds through the following sources:

Personal contributions
Bequests (Planned Giving)
Contributions from the Rotary Club
Fundraisers

Ten Reasons to Give

Permanence: The Endowment Fund will provide community benefit forever.
Community Impact: The Endowment fund lets you create your personal legacy and invest in the causes and projects you care about most.
Cost Effectiveness: The Endowment Fund can pool gifts to multiply impact.
Tax Benefit: Gifts can qualify for maximum deductibility for tax purposes.
Designated or Undesignated: You can designate your gift to benefit a specific project or choose to support all Endowment Fund programs.
Flexibility: CREF accepts a variety of assets as gifts including cash, securities, or planned gifts. Gifts can be made outright or pledged over time.
Responsible Stewardship: CREF board members are community leaders with extensive and varied expertise and demonstrated commitment to Rotary.
Professional Management: The Endowment Fund is managed professionally with active CREF board oversight.
Experienced Partners: The CREF Board partners with professional advisors to create highly effective approaches to charitable giving.
Public Accountability: An independent professional audit is completed annually. A complete copy is available upon request.

Program Recognition

Donations to the Endowment Fund are recognized through the Gazebo Award with varying presentations according to the level of giving. Endowment Fellow levels are: Platinum - $25,000; Diamond - $10,000; Ruby - $5,000; Jade - $2,500; and Sapphire - $1,000.

CREF Tax ID
CREF_Tax ID # 77-0288042

About the Directors

The Board of Directors consists of five Designated Directors and ten Elected Directors serving staggering 2-year terms. The Board of Directors administers the Endowment and distributes the earnings. Monthly meetings are open to all club members and are held the 3rd Wednesday of each month at 1:45 pm, after the regular Rotary meeting. The annual meeting is held the 3rd Wednesday of March to elect new directors and present an annual report.