December 4, 2017

The Rotary foundation

Thanks to Derryl for providing these notes, and to Bud and Jeff for the presentation and the information.

 

President Brian Larson opened the Meeting at 12:15PM,followed with singing of O’Canada and then Blessing by Lawrie.
 
Henry Chorney welcomed the visitors to the Meeting; Michi - lunch guest of Bob H. and James Mcara - lunch guest of Gerry D.
 
 The 50/50 draw for $45 was won by Lawrie F. for the second week in a row, making up for not winning for last 5 years!
 
 The Sgt at Arms, Paul R. issued only one small fine but received a number of Happy Bucks for thanks to Gerry and Barb as excellent hosts for Dine Around, David T. for Michi’s hard work on Tractor Maintenance and Richard E. on successfully shipping 20 computers to Guatemala.
 
Brian announced the start for the Club Matching member donations to the Calgary Interfaith Food Bank up to $5000. See Bob Hansell for forms.
 
Cliff Tyminsky, who is organizing our support for managing Salvation Army Christmas Kettles at North Hill Shopping Centre, is looking for more volunteers to fill 3 hour shifts. Call Cliff at 403 617 9402 if you can help.
 
Richard E. provided an update on Dine Around fund raisers. Almost sold out, one spot left on Feb 16/18 at Gary Bain’s house. If anyone else wishes to sponsor see Richard.
 
David Thompson presided over the Induction of our New Member, James McCara who is a Corporate Member representing the Calgary Food Bank. Welcome James, we look forward to your participation in our Rotary Club.
 
Dec 19, 2017 will be the last meeting before the Christmas break. Brian requested some feedback on what kind of a meeting members would like.
 
Next Monday’s meeting will be the last date for 2017 accounting for Tax Receipts.
 
A Pub Night is planned for Dec 13, 2017 at the Thorncliffe Community Centre from 6:30 - 9:30PM. Cost is $20 each (for snack food) plus a box of diapers (for Louise Dean) or $20 donation. Come with your ugly Xmas sweater, best Xmas joke or other form of entertainment! There will be bowling, shuffle board , darts and pool table available.
 
Bud Watson and Jeff Cuell made a presentation on The Rotary Foundation and The Calgary Rotary Clubs Foundation (CRCF) Bud’s presentation on The Rotary Foundation is attached below:
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A portion of Bud's presentation follows:

            I’m here today to speak about the Rotary Foundation. In order to understand why we donate to the Rotary Foundation, we should understand the make-up of Rotary.
 
          Rotary International and The Rotary Foundation are separate legal entities that comply with the laws and accounting standards of the countries in which they operate. Philosophically and practically, however we function as one Rotary.
 
          We as members support Rotary International operations with our dues and the Rotary Foundation with our contributions and donations.
 
          Clubs and Districts worldwide direct the spending of contributions to district and global grants maximizing humanitarian projects both locally and globally. Working together as one Rotary, we are stronger and better equipped to carry out our mission.
 
          As a global organization operating in more than 200 counties and geographic areas, and in 29 currencies, Rotary takes stewardship of its funds very seriously. Stewardship begins as funds are received around the world. It continues through our prudent investment practices and when funds are spent to provide life-changing and sustainable grants, along with programs and services for us as members.
 
          The Rotary Foundation is made up of 3 funds, The Annual Fund, The Polio-Plus Fund and The Endowment Fun or as sometimes called The Permanent Fund.
 
          The way The Rotary Foundation receives its funds is from donations from Rotarians in small donations right up to donations in the millions of dollars. When we as Rotarians donate to The Rotary Foundation, we receive 1 point for every dollar donated, which goes toward the purchase of a Paul Harris Fellowship which requires 1000 points. A Rotarian can receive or purchase through contributions 1 or up to 8 Paul Harris Fellowships for recognition.
 
          Any Rotarian who has donated more than $10,000.00 is classed as a Major Donor and receives recognition accordingly. In the past our Club has had 2 Major Donors and currently Bob Hansell is our only Major Donor.
 
          Now let’s talk about how The Rotary Foundation distributes and invests the funds donated to the 3 Funds.
 
          In this talk when I talk about dollars I mean US dollars and any mention of fund distributions they are funds up to June 30, 2016, the end of the Rotary year.

 

 

 
 
Next Meeting: Monday, December 11th at The Village Park Inn, main floor.    
 
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Club Information
Welcome to the Rotary Club of Calgary North.
Calgary North
We meet Mondays at 12:00 PM
Village Park Inn
1804 Crowchild Trail NW
Mail: Suite 199, 130 - 5403 Crowchild Trail NW
Calgary, AB  T2E 0B4
Canada
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