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Rotary Club of Santa MonicaThe Rotary International Foundation
HOW THE ROTARY FOUNDATION RAISES MONEY TO PAY FOR THEIR MANY PROGRAM GRANTS
A message from the 2007-2008 Chair, Marv Levin THE ROTARY INTERNATIONAL FOUNDATION PROGRESS REPORT FOR THE ROTARY CLUB OF SANTA MONICA (July 1, 2007 - January 10, 2008) Great News! 132 members of our club bought raffle tickets for the PHF Celebration which has resulted in our club being credited with $11,880 which will allow 24 members to become first time Paul Harris Fellows for 50% of the required donation of $1,000. The total amount contributed and the number of members of our club who participated set a new record. Our Board of Directors has authorized the matching credits to members who are not already Paul Harris Fellows. Thanks to Oded Wolf who donated an expensive ring for the Silent Auction. Thanks again, John McIntire, for his tireless efforts in securing many other donations for the Silent Auction. I just received confirmation that our club has been credited with an additional $2,761.50 as the result of sale of items donated to the silent auction. With this additional credit, our Club now has a total of 14,641.50 credits which will be used to match new contributions by our members to become Paul Harris Fellows. The successful results could not have been achieved without the efforts of our Paul Harris Committee members:
Marvin Levin Chair - Rotary Foundation Committee
How The Rotary Foundation works The Rotary Foundation receives monies from contributions and income from investments of their Permanent Fund. The income from the Permanent Fund (endowment income) and from investments of the general funds of the Foundation supplies approximately 35% of the total. The primary funds received by the Rotary Foundation (approximately 60%) come from contributions to the Annual Program Fund, which in large part is supplied by contributions by Rotarians who are given recognition for each $1,000.00 contributed by a Paul Harris Fellowship. Many of our members who have given once to become a Paul Harris Fellow fail to realize that the money they contributed went into the Annual Program Fund of the Rotary Foundation and was spent within two years on the Humanitarian Grants, Educational Sponsorships and Grants, and the Polio Plus Program. The Rotary Foundation has maintained an endowment fund, the PERMANENT FUND of the Rotary Foundation. The principal of this fund is invested and only the income from the investments is used for grants and programs. Last year the income from the Permanent Fund was approximately $10 million dollars and funded 12% of all of the humanitarian grants, scholarships, Polio Plus, and other programs. There are several members of our club who have made substantial lifetime contributions to the Permanent Fund. In additions, there are now 20 members of our club who have become Benefactors of the Rotary Foundation by signing a declaration form stating that they have made a provision for a testamentary gift by their will or trust in favor of The Rotary Foundation. This is a very good way to assure the continued growth of the Permanent Fund.
YOU CAN MAKE A PERPETUAL GIFTTo become a Benefactor, all you need to do is to designate in your will, trust, or life insurance policy an amount or portion as your donation to the Permanent Fund of The Rotary Foundation. Right now or any time, you can also make a permanent gift of $1,000 or more to the Permanent Fund, which is an endowment fund. Only the income from this fund is spent for the many wonderful programs funded by The Rotary Foundation. Your gift will continue in perpetuity. The Permanent Fund is very different from the funds raised by the Paul Harris Fellowship program. When we donate funds for recognition as a Paul Harris Fellow, those funds, both principal and interest, are distributed by the trustees of The Rotary Foundation within 18 months. For further information, contact Marv Levin, Chair; Hal Quigley, Vice-Chair; or Bill Hunt, John Lehne or Jack Siegal.
Paul Harris FellowPaul Harris Fellow recognition is The Rotary Foundation’s
way of expressing its appreciation for a substantial contribution to its
humanitarian and educational programs. It
is named for our founder, Paul Harris, a Chicago lawyer who started Rotary
International with three business associates in 1905. It is because of gifts like those from the Paul Harris Fellows that The Rotary Foundation is able to carry out an array of programs that achieve beneficial changes in our world: improved living conditions, increased food production, better education, wider availability of treatment and rehabilitation for the sick and disabled, new channels for the flow of international understanding, and brighter hopes for peace. How to become a Paul Harris FellowSupporting the philanthropic mission of The Rotary
Foundation and being recognized as a Paul Harris Fellow is Easy:
You will receive a Paul Harris Fellow Medal and Certificate in recognition of your generous support. For additional information on how you can become a Paul Harris Fellow contact either Marv Levin or Hal Quigley, Chair and Vice-Chair of our Rotary Foundation Committee.
How to Become a Benefactor
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