Sep 232014
 

rotary foundationThe Rotary Foundation is a not-for-profit corporation that supports the efforts of Rotary International to achieve world understanding and peace through international humanitarian, educational, and cultural exchange programs. It is supported solely by voluntary contributions from Rotarians and friends of the Foundation who share its vision of a better world.

The Rotary Foundation’s Beginning
Some magnificent projects grow from very small seeds. The Rotary Foundation had that sort of modest beginning. The Foundation was created in 1917 by Rotary International’s sixth president, Arch C. Klumph, as an endowment fund for Rotary “to do good in the world.” He proposed it as outgoing president at the 1917 convention. In 1928 it was renamed The Rotary Foundation, and it became a distinct entity within Rotary International. Beginning with an initial contribution of US$26.50, in has grown to a record-breaking year in 2013 with more than US$115.1 million for Annual Fund(Share), $20.4 million to the Endowment Fund and finally PolioPlus received $20.4 million from Rotarians and $69.6 from the Bill and Melinda Gates foundations.

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