Rotary Club - Money Matters!
The theme for November’s programs was Rotary Foundation – the Rotary organization through which funds are made available for some local, international and global projects. John Morrison and Mark Owen gave us a review on just how money is given to Rotary Foundation and then accessed by various Rotary Clubs around the world. So just how does the Rotary Club of Wawa get and ultimately spend the money it raises?
There is an old saying ‘charity begins at home’ and the Rotary Club of Wawa takes this saying into account when planning on how we spend the money we raise. But we also believe that ‘a portion can flow out into the district and ultimately into the world.
First things first – where does all of our funding come from? The first and primary source is through the sale of Nevada tickets at Mac’s store. The funds received through this are strongly regulated and can only be given to local organizations that have been approved by the municipality. Most are given to organizations that benefit children – schools, sport teams, for example. In addition, we are able to give funds that benefit the community through health care, social programs – Wawa Food Bank and Iris’ Place, literacy programs and so on. We are also able to use some for our Youth Exchange Outbound and Rebound Program. (For a more comprehensive list speak to any member of the Rotary Club.) To access the funds a letter must be written by the organization to the Wawa Rotary Club with a description of how the money will be used.
Another source of funds is through the various fundraising activities we undertake. This includes such activities as the Radio Auction, the sale of Christmas Nuts, and the Gourmet Meal Raffle . This allows us to give money to organizations or individuals that are not necessarily approved under the Nevada Tickets sales and it also allows us to keep a small portion to go to the administrative costs of running the club.
Rotary members are also encouraged to give a minimum of $ 120.00 per member to the Rotary Foundation annually. If money donated by the club reaches this goal we become eligible to access money through the matching grants program. In a nutshell, when a club contributes this $ 120.00 / member it is pooled with all the other funds given by all the other clubs and goes into an investment account where it remains for three years. The interest from this ‘account’ is used for administrative purposes, and after three years the principal is released and is available for access by individual clubs or by groups of clubs for particular projects. A great example of this is the recent approval of Project Lifesaver for a matching grant. The Rotary Club of Wawa and its’ members had given an average of $ 120 / member to the Foundation in the 2016 – 2017 year. Our club donated $ 3,000.00 to Project Lifesaver and accessed the matching grant of $ 3,000. The amount provided to The Alzheimer’s project was in excess of approximately $ 6,000.00.
We can also join forces with other clubs within or outside of our own District 6290. We may wish to partner with Rotary clubs in other countries to provide funds for a self-sustaining project in another part of the world. For instance, a number of years ago, working in conjunction with clubs from Australia and Zambia, funds were provided for composting toilets and water wells in a community in Zambia. (Where Courtney Clarke had been a Rotary Exchange student.)
You might be interested to know that funds raised by the Wawa Rotary Club are not used for the benefit of the members. If you see us holding a social event, or eating at a meeting, you can be assured that the money come directly from the members – either directly paying for the meal, or by paying ‘fines’ or through the Happy/Sad bucks program and meeting dues and other internal fundraising endeavours.
Raising and disseminating money while having fun together is our goal. Would you like to be part of it? Talk to any Rotarian or call John at (705) 856-2118 or Mark at (705) 856-7319.
Some of the things that are coming soon:
December - Gourmet Dinner Ticket Sales begin. What a delightful option for stocking stuffers this year! The cost of the tickets are $ 20.00 each and the winner gets to choose a dinner for eight. There are three menu choices plus a vegetarian option for one or more of the guests. Watch for our posters for more information. The date for the dinner is May 12th at Rock Island Lodge.
February - Winter Carnival Rotary Exposition Rotary is planning on hosting the Winter Carnival Exposition again this year. I think this will be a biannual event. Letters will be going out to various companies/organizations in the community asking for their participation. If you don’t get one and want to put in a display please contact one of your local Rotarians and they will make sure you get an invitation! If your organization has been assisted by Rotary in the past we encourage you to participate and let our community know how helpful our organization has been to yours.