Rotary Foundation and Excelsior Floundation
Posted
on Nov 10, 2015
Our Program on the 10th was a double-header. The second part of the program was Lou Graber fro
m our club talking about our club’s foundation. In order to have donations to the club tax-deductible, we were required to start a 501c3 charitable corporation. All of our local club’s donations are paid out of our foundation, and donations to the club should be sent there.
m our club talking about our club’s foundation. In order to have donations to the club tax-deductible, we were required to start a 501c3 charitable corporation. All of our local club’s donations are paid out of our foundation, and donations to the club should be sent there.Lou had a slide presentation showing the current financial condition of the foundation.
The first part of the program was given by Bob Halagan of the Buffalo Rotary Club, and the current District RI Foundation Chair. He gave an excellent talk concentrating on why he donates to Rotary, why he got involved with international programs, and his experiences on visits to sites of Rotary programs.
He told us that the District goal is $365.00 from each member, and reminded us that RI returns a portion of the funds to the district.