Annual Foundation Report with Don Draayer

Our Program on the 21st was a presentation by Don Draayer reporting on the activities of our club foundation.

            For clarification, there are two Rotary Foundations we interact with. The Rotary International Foundation is active throughout the entire world, and donors become Paul Harris Fellows when they donate $1,000.00. Next month is RI Foundation Month, and we have all been asked to donate to that fund.

            The second fund we are involved with is our own club’s, the Excelsior Rotary Foundation. Founded ten years ago, it is the where all of our charitable donations are made from. Last year, the foundation distributed $28,588.20 to our various charities. Don’s report detailed where the money went. Our fund’s investment advisor also made a brief report, telling us that our funds are invested, with 50% stocks and 50% in bonds. The funds have shown an appreciation of 8.76% over the last two years.

            The foundation board, composed of former club presidents, has set up our funds to accommodate additional donations, and Don made a pitch for members to make a bequest in their wills so that the members’ money could continue to serve Rotary after death.