When I first joined Rotary, I knew about the Rotary International Foundation, but it took me several years before I knew our own club had its own foundation. Every year we raise money for our Rotary Community Services Committees (RCS) which our committees then vet and give out to various charities and worthy causes to help our community. We give out over $200,000 every year, which makes our RCS one of the larger non-profit organizations in Spokane.
But did you know that nearly 1/2 of that money comes from a distribution from our own Spokane Rotary Foundation? It all started back in 1994 when then Spokane Rotary Club 21 President, Jack Reeves (1994-95), started the Spokane Downtown Rotary Endowment Fund.
Today our Foundation assets are over $3 million. Our foundation distributes 4% annually, and the sole beneficiary of this perpetual endowment fund is Rotary Community Services Inc. (aka, RCS). Last fiscal year the Foundation gifted 108,476! And since its inception in 1994, the Spokane Rotary Foundation has distributed $1,336,817 to RCS!
Our goal with the Spokane Rotary Foundation is to grow it large enough so that someday 100% of our annual RCS funds come from the Foundation. Members who donate $2,500 are members of the Foundation Legacy Club. And members who donate $10,000 or more are members of the Legacy Club II.
There are many ways to leave a legacy gift. You can give outright, like a $1,000 gift on your birthday, or through a qualified charitable distribution from your IRA, through your will, or through a life insurance beneficiary form. If you’re not sure how best to leave a legacy gift, come see me and I’ll discuss it with you in more detail.
Please think about your legacy because you are writing it daily by being a Rotarian. And if leaving a legacy is an important part of your life’s work, please consider the Spokane Rotary Foundation as part of your legacy gift.