THE ROTARY CLUB OF PARK CITIES FOUNDATION
 
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The Rotary Club of Park Cities Foundation Fund (“Fund”) is a charitable endowment fund of Communities Foundation of Texas (“CFT”). The Fund was originally sponsored in the 1960’s by the Rotary Club of Park Cities (“RCPC”) for the purpose of providing an enduring legal entity through which members and friends of the Rotary Club of Park Cities might make donations for the good of mankind and the Dallas community.

The RCPC Foundation’s grant programs and policies are overseen by the RCPC Board of Directors. The operations and grant programs are administered by an Executive Committee that is approved by the RCPC Board of Directors. The Fund was created as a dental student loan fund. The purpose of the fund became impractical and was changed to support the general field of philanthropy with an emphasis on tangible items which assist with the health and education of the young and the elderly. Since 2005, certain standing committees of the RCPC have received funding from the Fund; these committees are subject to the same application process as other charitable organizations.

CFT is responsible for managing the Fund’s assets. All non-designated gifts are added to the Fund’s corpus. Each year, the Executive Committee reviews and recommends a spending rate percentage to determine an amount available for grants. As of March 31, 2014, the market value of the Fund was $1,373,186.81.

Requests that meet the following criteria may receive priority consideration for potential funding from the Fund’s grant dollars:

·      Collaborative projects that provide greater leverage for philanthropic investments.

·      Requests that address a particularly timely need.

·      Programs and initiatives that offer innovative or creative solutions to key community challenges in the North Texas region.

·      Requests which are consistent with the strategic priorities of the RCPC.

 
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