Trustees Approve New Rotary Foundation Funding Model

Infographic-TRF-funding-modelThe Rotary Foundation Trustees have approved a new model for funding the Foundation’s operating costs. Effective 1 July 2015, the Foundation will direct 5 percent of Annual Fund donations to help pay administrative and fund development expenses and to build a strong operating reserve. The Foundation will also draw on other funding sources, including 5 percent of cash contributions for global grants and up to 10 percent of select corporate gifts.

Our current method of using investment earnings to fund these costs is no longer financially sustainable in today’s unpredictable markets. Recognizing that financial markets will continue to be volatile, the Trustees developed a new model to achieve long-term financial sustainability.

Most nonprofit organizations allocate a percentage of their contributions to support future fundraising efforts. Looking ahead, the Foundation will continue its strong record of financial accountability and transparency.

Learn more about the new funding model.

Source: press release Rotary International

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About John Borst

John Borst’s career in education spans the years 1960 to 1996. During those 36 years, he spent an equal amount of time working int he English language, Public and Catholic school boards. Borst taught in both elementary and high school environments. Positions of responsibilities held included department head in Geography, curriculum coordinator of Social and Environmental Studies, Principal, Education Officer with the Ministry of Education, Superintendent of Schools, and Superintendent of Student Services. Borst retired in 1996 as Director of Education for the legacy Dryden Board of Education. During this time, Borst has lived in the Ontario communities of Brampton, Toronto, Newmarket, Thunder Bay, Aurora and Dryden. Currently, Borst splits his time between Dryden and Toronto. Since retirement, Borst has served as a Supervisory Officer with a remote School Authority; been a freelance writer of articles on education in particular for Education Today, the magazine of the Ontario Public School Boards’ Association (OPSBA); founded and edited from 2006 - 2010 the Education blog Tomorrow’s Trust: A Review of Catholic Education; and from 2003-2010 was a trustee of the Northwest Catholic District School Board.
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2 Responses to Trustees Approve New Rotary Foundation Funding Model

  1. Bruce Sloane says:

    Not impressed.

    As Foundation chair for our club, this is a kick in the knees. I hope you have considered reducing your overheads first. Are we in the job creation market or community service business.

    Our club has decided not to contribute to several organizations because of their front end loads.

  2. Pingback: Top 10 things you should know about the new Rotary Foundation funding model | 5550opinions

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