Here is the simple joy of compound goodness: The Rotary Foundation leverages your contributions to the Annual (SHARE) fund. This illustration is based on the new Foundation matching formula going into effect July 1, 2021:
You and your Club name a Paul Harris Fellow, and you send a check for $1,000 to the Rotary Foundation (TRF).
That money is invested for three years. The investment proceeds combine with a 5% administration charge to pay for the costs of running TRF (fundraising, accounting, overhead). At the end of that three-year period, the $950 net is divided in half.
- $475 goes to the World Fund for Rotary projects and initiatives around the globe.
- $475 goes into the “District Designated Funds” which are in turn available here in district 7780 to pay for district grants and global grants.
Simply, that $475 (and a lot more from your local Rotary neighbors) goes into the pool that is called “District Designated Funds” or DDF. In our district, we divide that equally between district grants (local, smaller projects) and global grants (larger projects with minimum budgets of $30,000, usually international). Our total DDF pool for the new Rotary year will be around $110,000…half of that goes to District Grants and outreach, the other half to Global Grants. That $55,000 Global Grant DDF can help pay for YOUR new Global Grant (as long as we have funds available).