Funding Queenstown Rotary - Chris Taylor's recent presentation to members
I want to talk a little about funding for Rotary and in particular our Club. Members have asked valid questions about fundraising and I shall attempt to explain our rationale.
Club Subscriptions:
We have charged $240 this year. It principally goes in per capita amounts to:
· Rotary International Dues $90
· District 9980 Dues $100
· Rotary Down Under for magazine $35
So $225 of $240 goes straight back out.
The balance pays for accounting fees, Club Runner (net of any sponsorship), our PO Box and the like.
Meal Surplus:
Most weeks we have a meal surplus which funds wine for the raffles and meals for our invited guests.
Rotary Foundation:
Additionally we contribute to the Rotary Foundation.
Each incoming President commits an amount to RF- say $100 general fund and $25 extra to Polio Plus.
We pay this through our Charitable Trust and the Club raises funds to repay the Trust by way of our Foundation Dinners or, in the case of last year, an Art Auction.
The point is that we do not levy the membership for the Rotary Foundation but raise funds separately.
Last year we exceeded the commitment by giving extra to the District Rotary Foundation fund.
This year we raised money through a movie night and Joan Kiernan proposes dinners and an auction to raise the balance.
Our Rotary Trust:
In the past we have held specific fundraising for our Charitable Trust but the Club has committed to expenditure outside of the Trust’s objects. For example, the Club is giving 'Fountain of Peace' $4,000 pa for 3 years. We also want to give money to other Dunedin Club International Projects being a building for a cyclone ravaged kindergarten in Vanuatu and for a foot clinic in Samoa.
This year our club Directors have decided that Club raised funds through, for example, the Home Show ($1,000) and NZ Open BBQ’s (net $4,000) are to be held by the Club for these purposes.
Club Financial Position:
Last year the Club Reserves were run down mostly by the loss associated with the AdEaters event.
In round figures we have $20,000 of which $6,000 is in trust for two projects and we have another $4,000 for 'Fountain of Peace' to pay next Rotary year commencing 1 July.
I will gladly answer any questions.
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