RF Funding Model Takes Effect July 1
On 1 July, The Rotary Foundation’s funding model goes into effect. check within to see what these changes are and how they'll affect you and your Club.On 1 July, The Rotary Foundation’s funding model goes into effect. Sponsors must contribute an additional 5% for any cash contributions made to The Rotary Foundation for global grant applications submitted on or after 1 July. This additional 5% will help offset the costs of processing and administering the funds, which do not go through the three-year investment cycle.
We’re updating the online grant application tool to automatically calculate the 5% and to show the total amount required to fully fund the project. Paul Harris Fellow recognition points will be awarded on the full cash contribution, and charitable tax receipts, as applicable, will be on the total amount of the cash contribution. The additional 5% is not matched by the Foundation.
The additional 5% is not required for contributions sent directly to the project bank account. However, these contributions do not generate Paul Harris Fellow recognition points and tax receipts will not be issued by The Rotary Foundation.
Please tell Rotary members in your district about the changes, and direct any questions to your regional grants officer.
Thank you for everything you do through The Rotary Foundation.
Sincerely,
Abby McNear
Rotary Grants Manager
Tel 1.847.425.5656
Rotary.org
We’re updating the online grant application tool to automatically calculate the 5% and to show the total amount required to fully fund the project. Paul Harris Fellow recognition points will be awarded on the full cash contribution, and charitable tax receipts, as applicable, will be on the total amount of the cash contribution. The additional 5% is not matched by the Foundation.
The additional 5% is not required for contributions sent directly to the project bank account. However, these contributions do not generate Paul Harris Fellow recognition points and tax receipts will not be issued by The Rotary Foundation.
Please tell Rotary members in your district about the changes, and direct any questions to your regional grants officer.
Thank you for everything you do through The Rotary Foundation.
Sincerely,
Abby McNear
Rotary Grants Manager
Tel 1.847.425.5656
Rotary.org