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

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

3. 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

4. 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

5. 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

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

7. 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

8. Questions