The Rotary Foundation offers immortality
The Permanent Fund Initiative (PFI) was created back in 1996. Its purpose is simple: to provide an ever-increasing stream of revenue that will secure the future of the Foundation’s programmes.
only the interest will be spent. The trustees review fund performance twice yearly and agree the exact percentage of interest that can be spent. Currently, 4.5% (US$7,195.000) is allocated to help pay for programmes (3.5% programmes/0.75% programme operations/0.25% fund development & administration). In many ways, the Permanent Fund
A
mirrors the personal pensions that so many of us rely on to fund retirement. Pay today and receive the benefits tomorrow! At the
outset, a fund target of US$1.0 billion by 2025 was agreed and Foundation officers at club, district and zone levels have been working methodically towards that goal. Whilst club and district contributions are most welcome, support is sought, primarily, from personal giving. Within the US$1.0 billion goal, $95
million has been ring-fenced for the Rotary Peace Centres ($90 million to support 120 fellowships / $5million to fund one-time fellowships with immediate support). Our own Colum McLoughlin, from Newtownabbey Rotary Club, D1160, represents RIBI and Europe on the Peace Centres Initiative Committee and would be delighted to talk to any interested club or Rotarian. Essentially, there are two ways in which
we can support the Permanent Fund: n by contributing cash or assets* n by bequest (codicil to our will). *Cash and assets include property, securities (stocks & shares), whole-of-life
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www.ribi.org | December 2011
s the name suggests, it is an endowment fund. All contributions are invested in perpetuity and
insurance policies and collectables (art or antiques).
How have we done so far? On 31 May 2011, the Permanent Fund’s
net (cash) assets were US$238.6 million and estimated expectancies stood at US$461.5. In other words, we have crossed the US$700 million hurdle. If you appreciate the work of the Rotary
Foundation – Ambassadorial Scholarships, Matching Grants for humanitarian projects, District Simplified Grants for local and international projects, the Group Study Exchange programme and the Centres
for Peace & Conflict Resolution – why not become a
Foundation
Benefactor today? A contribution of at least
US$1,000 is all it takes – £550 + Gift Aid / 700 euro or do it the easy way: a US$1,000 codicil to your will. A contribution or bequest of at least
US$25,000 entitles you to name a fund – a fund that will exist way beyond your lifetime, generating interest that will support the Foundation’s mission of Doing Good in the World. So, how’s that for an offer? For as little as US$25,000, the Rotary Foundation can give you immortality. Go on - you know it makes sense. Why not give me a call? n
PDG Howard Caskie Permanent Fund Coordinator for RIBI & Europe
The 2011/12 Ambassadorial Scholars in the County Council Chamber - Stafford
D1210 hosts Ambassadorial Scholars’ Link Weekend
T
he first weekend of October saw the annual get-together of this year’s crop of incoming
Ambassadorial Scholars. The Link Weekend is intended to give the Scholars a chance to meet each other and network amongst themselves and, this year, out of 98 Scholars coming into the country, 70 attended the event, which was organised by D1210 and held in Stafford. Local Rotarians provided home
hosting and the programme included a trip to Blists Hill Victorian Town, at Ironbridge, where the Scholars were able to wander at leisure, chatting together in a relaxed environment. On the Saturday evening, there was a barn dance and Sunday morning was taken up with various talks, intended to give them information about Rotary and helpful tips on living in Britain and Ireland. It was amazing how quickly the
Scholars seemed to make friends with one another. Even on the Friday afternoon, in the office where they were registered, there was a definite buzz as these young people who had never previously met, introduced themselves and set up a lively hum of conversation. A typical comment from one of the
Scholars: “I would definitely recommend the Link Weekend to future Scholars. It is a once-in-a-lifetime opportunity to meet a larger group of Ambassadorial Scholars in your host country on the same journey as you, and can be the stepping stone to start lifelong friendships or maybe even business partner ventures or outreach programme partnerships.” n
David Askin District 1210
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