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| The Rotary Foundation - An Introduction |
| The Rotary Foundation is one of the largest foundations in the world. It is Rotary's own charitable fund. Annual contributions to the Foundation are invested for three years and the income earned from these investments pays for all the Foundation's operations, fund administration and administrative expenses. Every annual giving dollar contributed to the Foundation is available for its programs approximately three years later. Between the years 1947 and 2005 approximately US$1.5 billion has been spent on the Foundation's programs. The Trustees of the fund developed what they call the SHARE system to all districts a voice in how contributions are spent and to allow districts to participate in the programs that are of the most interest to them. Under the SHARE system, all District's annual giving is totalled up at the end of the contribution year and is divided into two funds: 50% is credited to the District Designated Fund (DDF) and the remaining 50% is credited to the World Fund (WF). Each district may then use the DDF monies which they collected three years before, for any programs they wish to choose, such as humanitarian grants, additional GSE and other programs. The WF pays for the programs which are free to every district, such as one Group Study Exchange program per year, Matching Grants (Matching dollar for dollar for approved projects combining two countries), District Simplified Grants and so on. The mission of the Foundation is to support the efforts of Rotary International to achieve world understanding and peace through international humanitarian, educational cultural exchange programs. |
| Definitions |
| Annual Giving: All contributions to "Annual Giving support SHARE, where 50% is returned to the District Designated Fund (DDF) and 50% to the World Fund. Money donated to the Annual Giving Fund is used in the analysis of the Club and District Annual program fund goal, and is used to calculate annual giving per capita. A Paul Harris Fellow recognition is available if donations are made to Annual Giving. Restricted Giving: Supports programs selected by the donor - (Rotary International approved) matching grants; polio plus; PolioPlus Partners; World Fund and other approved programs. Donations to The Rotary Foundation's Restricted Giving Fund, such as PolioPlus or approved Matching Grants are eligible for Paul Harris Fellow recognition. Restricted giving program do not count towards Clubs annual giving per capita. Permanent Fund: Contributions to this fund are never spent. However, earnings are spent on programs. The donor can designate the use of the earnings to the share program, world fund or other programs (Major gifts only). Permanent Fund giving does not count towards Clubs annual giving per capita. |
| Click here for RI "The Rotary Foundation" Website |
| Click here for District "The Rotary Foundation" Index |
| This page is maintained by David Meller |
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| Last modified: 23 Sep 2011 00:35 |
