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Rotary Club of Santa MonicaThe Rotary Foundation
HOW THE ROTARY FOUNDATION RAISES MONEY TO PAY FOR THEIR MANY PROGRAM GRANTS
A message from the 2003-2004 Chair, Marv Levin
APRIL 2004 PROGRESS REPORT The Rotary Club of Santa Monica is well on its way to having a banner year in supporting the Annual Programs Fund, which includes the contributions by Paul Harris Fellows. 126 members of our club supported District 5280’s Paul Harris Celebration with the record-breaking total contribution of $11,505.00. The total contribution by our club members was sent to Rotary International Foundation in support of the Annual Programs Fund, all of which are spent on Foundation Programs, such as Health, Hunger and Humanitarian Programs, and scholarship programs. Furthermore, without continuing annual contributions from Rotarians around the world, there would be no Ambassadorial Scholars, Group Study Exchanges, Matching Grants, or 3-H Grants. As of April 1, 2004, ten members of our club became Paul Harris Fellows for the first time, and an additional seven members become multiple Paul Harris Fellows. Our new Paul Harris Fellows gave a total of $8,750.00 of new money to the Annual Giving Fund of the Rotary Foundation. (see below for a history of the Paul Harris Fellows) The grand donation total by our members is a whopping $20,255.00 so far this year! President Dee Menzies, Hal Quigley and I congratulate all of the members of our club who made this possible through their support. Marv E. Levin, Chair
MORE ABOUT THE ROTARY FOUNDATION 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 18 members of our club who have become Benefactors of the Rotary Foundation by signing a declaration from 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
Current List of Benefactors
1. Norma Barnes (Bequest pledge) 2. John M. Bohn (Cash gift to Permanent Fund during May 2002) 3. James Cayton (Cash gift to Permanent Fund during May 2002) 4. Jim Haljun (Bequest Pledge - Major Gift) 5. Bill Hunt Bequest Pledge + (Cash gift to Permanent Fund during May 2002) 6. Dick Lawrence (Cash gift to Permanent Fund during 1998) 7. John Lehne (Bequest Pledge) 8. Marvin Levin (Bequest Pledge - Major Gift) 9. Ruth Levin (Bequest Pledge - Major Gift) 10. John McIntire (Bequest Pledge - Major Gift) 11. Ken Miller (Bequest Pledge - Major Gift) 12. Karen Miller (Bequest Pledge - Major Gift) 13. Judy Neveau (Bequest Pledge - 1998) 14. Con Oyler (Cash gift to Permanent Fund during 2000) 15. Harold H. Quigley (Cash gift to Permanent Fund July 2001) 16. Jim Reidy (Bequest Pledge during 1998) 17. Robert Segal (donation to Permanent Fund during 1996) 18. Jack Siegal (Bequest Pledge - 1998) 19. Jim Westbrook (donation to Permanent Fund during 1999) 20. Phil Whiting (donation to Permanent Fund during 1989).
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