Major Gifts and Endowment Fund

2016-2017 Chair Vincent Avantagiato, Union Club

Email Vincent


The Endowment Fund: 

Established in 1982 to ensure a strong future for our Foundation, The Endowment Fund, formerly known as the “Permanent Fund,” provides a steady stream of income to meet the demand for Foundation programs and to expand its ability to meet urgent human needs around the world. This endowed fund is invested in perpetuity. Only the earnings from these investments are used to build long term stability by supplementing Annual Giving, thereby always guaranteeing a minimum level of program activity and the possibility of new programs. 

A portion of the fund is allocated to benefit Foundation programs each year, such as: PolioPlus, Rotary Centers for International Studies, and Global Grants. How do we build The Permanent Fund? Like Annual Giving, contributions to The Endowment Fund can be made as outright gifts of cash, appreciated publicly traded securities, real estate, personal property, and wholly owned life insurance. Unlike The Annual Giving, contributions can also be made as planned gifts: revocable or irrevocable bequests (specific, residual or contingent); life insurance; IRA's; and life income agreements. 

Anyone who informs the Rotary Foundation in writing that a contribution of $1,000 or more is being made to The Endowment Fund becomes a "Benefactor." Anyone who makes a commitment of at least $10,000 through a will or codicil becomes a member of the "Bequest Society."

A "Major Donor" is someone who contributes $10,000 or more either outright or through a life income agreement. The Endowment Fund allows Rotarians and others to leave a personal legacy with Rotary and The Rotary Foundation.

Please contact Vincent to learn how to establish a "Named Fund" within The Endowment Fund or with any questions regarding contributions to our Foundation.

                                                                                                                                                                                    

The Rotary Foundation is a Top Ten foundation and is our way of giving for those in need. Remember the Foundation in your year-end giving and all year long.

Click on this link or on the image above to go to the Rotary Foundation website.
HOLIDAY PARTY HONORED AG JOE HORNER - The Rotary Club of Bridgewater-Bound Brook honored Assistant Governor Joe at their Holiday Party on December 8 at Venue 518 in Bound Brook.


CLUB ACTIVITY OF THE MONTH - The Hillsborough Club once again sponsored an Operation Shoebox Christmas Holiday packing event. Hundreds of volunteers turned out to assist in packing 1500 boxes for our military deployed overseas. Another wonderful service project by Rotarians!!

HURRICANE RELIEF

Help is still needed to replenish stocks of ShelterBoxes and ShelterKits, depleted by the onslaught of hurricanes this season!

Send donation checks to District 7510 ShelterBox Chairman Len Nemeroff, 9 Deacon Drive, Hamilton, NJ 08619.

ShelterBox USA is a tax exempt 501(c)(3) organization. See our ShelterBox webpage for details about their deployment.

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