Future VisionThe New

Rotary Foundation

Our New Rotary

Foundation

Rotary Foundation Mission

Advance understanding, goodwill, and peace through

the support of education

the alleviation of poverty and

the improvement of health,

Areas of Focus

• Peace and conflict prevention/resolution• Disease prevention and treatment • Water and sanitation• Maternal and child health • Basic education and literacy• Economic and community development

District QualificationDistrict MOU with TRF after Oct. 1, 2012

Financial Management PlanAnnual Financial AssessmentBank account RequirementsReporting method on use of FundsDocument RetentionMethod of Reporting and Resolving misuse of

FundsPlan for Club Qualification

Club QualificationMOU -Terms Of QualificationClub Leadership ResponsibilitiesFinancial ManagementDocument Retention PlanReport on use of FundsMethod of Reporting and Resolving misuse of

Grant Funds

Club Terms of QualificationQualification is for a one year periodClub assumes responsibility of Grant FundsClub must disclose any potential Conflicts of

InterestClub must cooperate with District and RI

auditsClub must be a $100 per capita Club

Leadership ResponsibilitiesAppoint Club Member to manage Club

QualificationProcedures for proper Grant ManagementEstablish succession plan for transfer of

Grant RecordsInsure retention of Information and

DocumentationPE or designate must attend a grants

workshop

Financial ManagementClub must maintain a bank account used only

for TRF Global Grants

Low or noninterest bearingMay not be deposited in investment fundsTwo Rotarians must be signatories

Financial Management (cont)The Club must create measures that include:

Record of all receiptsDisburse Grant Funds as AppropriateMaintain separate statements of income and

expensesMaintain general ledger that separates

funds(projects)System to control equipment and other assetsPlan for transfer of bank accounts if change in

leadershipInsure all grants activities follow local law.

Document RetentionThe club must create a document

maintenance system for minimum of five years

Documents relating to QualificationRecord of policies and procedures required by

the MOUDocuments related to GrantsDocuments must be stored in a know location

that is accessible to Club Rotarians and TRF

Reports The club must report on the use of grant

funds as outlined in the terms and conditions for RI District Grants and Global Grants

The club must report any potential misuse or irregularities in grant-related activity to the District

Grant Management

• Proper financial control• Meet defined needs• Fulfill objectives • Safeguard donors’ funds

Applying for Global Grants• Submit grant proposal and application

through Member Access• Must meet goals of area(s) of focus • Must be sustainable• Minimum project budget of $30,000 (US)• District must confirm club is qualified

Evaluation

• Both during and after completion• Based on goals set for the project• Assists with reporting requirements• Use findings to improve future projects• Identify successes you can promote

Stewardship

Rotarian supervision of projectFollow business practicesReport irregularities to TRFImplement project as approvedFinancial records reviewTimely report submission

District 6980 TimelineOct. 1, 2012 - District Qualification for Future

VisionNov. 13, 2012 - PE’s meet with DGE at Land

ConferenceNov. 2012 - Feb. 2013 District Qualifies ClubsMarch 2013 - PETS Apr. 1 2013 - Qualified Clubs and Districts begin

applying on line for 2013/14 Foundation GrantsJuly 1, 2013 - Global launch of the new Rotary

Foundation Grant making model

The Future is now

Thank you