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OVERVIEW For many years, the Club acted like a service club and a charitable organization. Several years ago, the Club and its funds was split into the Club and the LSRF. The reasons were many but the principal reasons were: 1) donors to the Club’s charitable fundraisers could then take a tax deduction by making the contribution to the LSRF, and 2) it avoided the mixing of charitable funds with Club funds which are not charitable in nature. The Club’s revenue and funds are used to run the Club as a service organization, covering such things as meals, dues to RI and District 6380, etc. The Club and The Foundation each have their own corporate articles of incorporation and bylaws. The two organizations are subject to very different legal rules under Michigan law and Federal law. Each has their own annual budget. The LSRF makes grants, funds charitable projects, and provides scholarships. The LSRF’s highly desirable tax status as a public charity is dependent upon adhering to a very strict set of rules regulating the organizations that make grants who qualifies for scholarships. FOUNDATION’S GUIDING PRINCIPLES We increase Rotary’s impact in the community through Rotary programs, effective community projects, and volunteer service. We achieve success by building relationships and fostering community partnerships. We engage members with a participant-centered approach that delivers value. We build a culture of innovation and adaption to changing needs. FOCUS AREAS Support Youth Fight Hunger Increase Literacy Strengthen Community Promote Peace Through International Projects Scholarships GOALS AND PRIORITIES: 2020 – 2021 • Empower youth to stay on track to lead healthy and successful lives. • Heal families in crisis. • Support individuals in recovery from addiction, abuse, and incarceration.
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