Santa Barbara Rotary Club Foundation Update to Members August 17, 2018

Independent Charitable Foundation Established by Club Separate Board of Directors 501c3 Organization Contributions are Tax Deductible

Members of Board of Dirctors Jim Armstrong, Chair Jim Carberry , Grants Committee Chair Paul Didier, Investment Committee Chair Aaron Spechler, Treasurer Dick Solagga, Secretary Dave Irwin, Board Member Michael Self, Board Member Paul Musgrove, Board Member Gunnar Thomer, Board Member Kathleen Blake, Foster Youth Scholarship Committee Chair

Major Sources of Income Endowment Income from Investments $20,000 Big Wheel Contributions $16,000 Member Contributions $ 1,500 Total Amount of Endowment $580,000

Foundation Also Serves As Pass through for Separate Projects funded by Club Members Contributions for Paul Harris Awards Foster Youth Scholarship Program Foster Kids Holiday Gifts Polio Plus Other Projects as they arise

Where Money Goes Club Support $5,000 Club requested Grants: Teacher Recognition $4,000 Mayan Families $5,000 Other International Grants $1,000

Where the Money Goes Local Grants Awarded by Foundation Board Casa Serena $3,000 Boy Scouts $3,300 Santa Barbara City College Foundation $3,000 Boys and Girls Club of SB $3,300 The Turner Foundation $4,000

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