Woodland Rotary Endowment - A Pillar of Service in Community
The Woodland Rotary Endowment is a charitable organization closely affiliated with the Rotary Club of Woodland, operating as a pillar of service within the community. Governed by a board of directors, it offers scholarships and charitable contributions while upholding the values of the Rotary Club. The current governing boards and officers play key roles in managing the endowment's operations and fundraising activities, including receiving donations, organizing auctions, and managing various scholarship funds.
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Woodland Rotary Endowment Community A Pillar of Service
Understanding of Organization Rotary Club of Woodland IRC 501(c)(4) - Civic leagues and social welfare organizations Woodland Rotary Endowment IRC 501(c)(3) - Charitable Organization Dues, Recognitions, and Contributions = NON-DEDUCTIBLE Contributions = ARE TAX DEDUCTIBLE Governed by Board of Directors Elected by Membership Governed by Board of Directors Partially Elected by Membership of the Rotary Club of Woodland Local chapter of International Organization Operate within Parental Guidelines Independently formed Membership in Rotary Club of Woodland = Membership in Woodland Rotary Endowment Two fold Charter Scholarships Charitable
ROTARY CLUB OF WOODLAND WOODLAND ROTARY ENDOWMENT Director Director Director Director Chairman Director Director Director Director Director Director Director Director Director Pres Pres Elect IPP Director - Treasurer Sec Treasurer MEMBERSHIP MEMBERSHIP
Current Governing Boards and Officers ROTARY CLUB OF WOODLAND President President-elect Immediate Past President Secretary Treasurer WOODLAND ROTARY ENDOWMENT Mike Chandler Tony Delevati Peter Holmes Alan Flory Mark Ullrich Chair (Immediate Past Club President) Peter Holmes Director (Club Treasurer) Director (term ending 6/30/19) Director (term ending 6/30/19) Director (term ending 6/30/19) Director (term ending 6/30/19) (also serves as Secretary) Director (term ending 6/30/20) Director (term ending 6/30/20) Director (term ending 6/30/20) Mark Ullrich Tony Delevati Tom Schwarzgruber Ken Nordgren Bob Nakken Director (term ending 6/30/19) Nick Roncoroni Director (term ending 6/30/19) Barbara Sonin Director (term ending 6/30/19) Aniek Ramsay Director (term ending 6/30/20) Dillon Dougherty Director (term ending 6/30/20) John Lecky Director (term ending 6/30/20) Jennifer Ward Marc Faye Tabb Randolph Chuck Maltese
Procedural Operations Woodland Rotary Endowment Revenue 1. Donations 2. Auction 3. Bequest Fund Balances 1. 2. 3. 4. 5. Permanent Scholarship Fund Permanent Dorris Ag Scholarship Fund Temporary Berrittoni Scholarship Fund Temporary Designated Funds Community Fund Distributions 1. 2. recommended by the Dorris Family 3. Berrittoni Scholarship Fund = Needs based scholarship 4. Designated Funds held and operated for approved charitable purposes, i.e. Play ground grant fund, FFA fund. 5. Community Fund approval of recommendations by 2 X 2 Committee and the Rotary Club of Woodland. Scholarship Two Schools / 4 Years = 8 active Dorris Ag Scholarship = Single annual scholarship identified and
2 X 2 Committee History 1. 2. 2. Analysis 1. 2. 3. 4. Development of 2 x 2 Multiple request for fund received both by Club and Endowment Boards Requests reviewed by entire recipient board and in many cases transferred to other board Major project for Auction Dinner selected by incoming president Streamline donation process Desire to involve entire club Development of Website and Grant Applications Vote of Club to determine Auction Dinner beneficiaries 1. 2. 3. 4. Elect two members of each board to form 2 x 2 Committee All requests for fund received by both boards are directed through the Committee Committee separate requests between Club and Endowment Committee analyzes request and presents recommendations
Specific Funds Scholarships Operations Formed to Endow Scholarship. Scholarships for graduating seniors from the Woodland Joint Unified School District. Criteria = Academic Excellence = Valedictorian Award = $6,000 disbursed (generally) over a four year period in increments based upon academic program followed i.e. Semester or Quarter system. Required reporting of student regarding achievement and current enrollment. Current Position and Target The Target was to build the scholarship endowment to a point at which it s own earning will sustain the scholarship disbursements and maintain inflationary growth. Scholarship Distributions = $12,000, given a 2.5% distribution rate the fund will require $480,000 to reach the target. Current balance is approximately $476,000 in the scholarship endowment s investment account.
Scholarship Additional Notes Dorris Ag Scholarship 1. Separate Investment Account 2. Operated under it s own directives 3. Ongoing funding by the Dorris family with intent for self sustainment. Don L Fisher Estate 1. Designated a scholarship 2. Designated Woodland Rotary Endowment 3. Court authorized distribution of funds to Endowment for the operations of scholarship 4. Amount Received approximately $180,000 in 2011. Berrittoni Scholarship (New) 1. Needs based scholarship
Specific Funds Community Fund The Community fund is the Woodland Rotary Endowment s Operating Fund This fund is unrestricted and is available to fund local, regional and international projects as long as the projects are conducted by 501(c)(3) Charitable Organizations Major source of funds = Annual Auction. The auction is operated by the membership on behalf of and in the name of the Woodland Rotary Endowment. This allows for sponsors, contributors, etc. to make tax deductible charitable donations. Funds in the past have been utilized to pay current scholarship disbursements as the scholarship investment fund was building to a sustainable level. Balance of the auction revenues along with general donations to the endowment are utilized for community and international projects. A partial list of past projects and donations are presented on the following page.
Partial List of Major Donations 6/30/19 F.I.R.E. NorCal Trykers United Way - Imagination Library Paradise Rotary Foundation - Camp Fire Shasta Regional Comm. Foundation - Carr Fire 6/30/18 Wdld Healthcare Foundation - Cheetah Monitor Woodland United Way - Kids Read SVHR Depot - ADA Restrooms City of Woodland, Playground Project 6/30/17 Yolo County Food Bank Camera Zambia Cervical Cancer Project Tanzania Dental Clinic 6/30/16 WJUSD Cache Creek High School Project Green Gate Ruby Falls Project Fair Ground Bench Project Roto Plast Project Play 2 (climbing net system) 6/30/15 Yuba Comm. College District Foundation (Sign) 30,000 Rotary International Grant project GG 1524310 Yolo County Fair Heritage Foundation (Fence) Kenya Smiles Project Project Strech Nicaragua Cervical Cancer Grant Project 7,500 10,000 4,440 9,375 4,550 19,700 1,000 2,500 12,200 20,000 1,000 5,000 25,000 1,233 3,759 13,000 3,000 5,000 1,000 1,000 1,833 6/30/13 Woodland Music Booster 6/30/12 RI - Tanzania Water Project 6/30/11 RI - Tanzania Water Project Red Cross 6/30/10 County of Yolo Fund 124 BU 135-1 (Gibson House) St. John's Retirement Village Woodland Opera House 6/30/09 Luna Vista International Project County of Yolo Fund 124 BU 135-1 (Gibson House) 15,000 6/30/08 RI - Water Project w/ Matching Grant Shelter Box USA 6/30/07 Woodland Healthcare 6/30/06 Pioneer High School 6/30/05 RI/Solidarity in South Asia (Tsunami) Pioneer High School 6/30/04 Rotary Foundation Matching Grant #23428 Pioneer High School 6/30/03 Red Cross Holy Rosary Parish Rotary Int'l Clean Water Project The wheelchair Foundation 15,000 1,500 1,500 2,500 5,600 5,000 20,782 2,500 2,800 1,000 17,240 32,478 2,425 4,138 28,549 1,815 3,500 1,500 500 750 600 PARTIAL TOTAL OF MAJOR DONATIONS 378,766 6/30/14 Woodland Music Booster Woodland Health Care St. John's Retirement Village 15,000 15,000 1,500
ROTARY CLUB OF WOODLAND-ENDOWMENT Profit and Loss July 1, 2018 - January 29, 2019 Perminently Restricted Temporarily Resticted Unrestricted HHSA Playground Project AG Berrettoni Scholarship Community Fund Scholarships Scholarship FFA Fund Polio Plus 2019 Auction TOTAL Income 100.00 1,600.00 60.00 7,075.00 8,835.00 3000 Income /Donation 13,350.00 13,350.00 3006 G.M. Berrettoni Scholarship - - 3010 Ag Fund - Donations - 3100 Auctions 10,020.00 10,020.00 3110 Dinner Tickets Total 3100 Auctions - - - - - - 10,020.00 - 10,020.00 48.21 33.18 81.39 3520 Interest Income 8,211.46 479.58 8,691.04 3530 Ordinary Dividends 11,585.45 5,382.97 16,968.42 3540 Capital Gains dividends 4,413.58 4,413.58 3750 Capital Gains/Losses (57,282.59) (8,675.70) (65,958.29) 3799 Unrealized Gain / Loss on Inves Total Income (32,923.89) (2,779.97) 13,350.00 1,600.00 - 60.00 10,020.00 7,075.00 (3,598.86) Gross Profit (32,923.89) (2,779.97) 13,350.00 1,600.00 - 60.00 10,020.00 7,075.00 (3,598.86) Expenses 6.45 6.45 5010 Credit Card Merchant Fees 4,500.00 4,500.00 5020 Scholarships 2,055.00 2,055.00 5120 Outside Bookkeeping Services 3,159.29 3,159.29 5150 Investment Fees 4,500.00 4,500.00 5170 Auction 110.00 110.00 5190 Taxes and Licenses 60.00 13,925.00 13,985.00 5200 Miscellaneous Donations 18,818.28 18,818.28 5300 HHSA Playground Expenses Total Expenses 7,659.29 - - 18,818.28 - 60.00 4,506.45 16,090.00 47,134.02 Net Operating Income (40,583.18) (2,779.97) 13,350.00 (17,218.28) - - 5,513.55 (9,015.00) (50,732.88) Net Income $ (40,583.18) $ (2,779.97) $ 13,350.00 $ (17,218.28) $ - $ - $ 5,513.55 $ (9,015.00) $ (50,732.88) 516,653.91 60,488.01 - 27,600.00 22,045.87 - - 50,510.44 677,298.23 Fund Balance 6/30/18 $ 476,070.73 $ 57,708.04 $ 13,350.00 $ 10,381.72 $22,045.87 $ - $ 5,513.55 $ 41,495.44 $ 626,565.35 $ 47,008.99
