it’s good for georgia it’s good for rotary it’s good for the world

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IT’S GOOD FOR GEORGIA IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD IT’S GOOD FOR THE WORLD

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Page 1: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

IT’S GOOD FOR GEORGIAIT’S GOOD FOR GEORGIA

IT’S GOOD FOR ROTARYIT’S GOOD FOR ROTARY

IT’S GOOD FOR THE WORLDIT’S GOOD FOR THE WORLD

Page 2: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

GRSP Endowment FundGRSP Endowment Fund

$7.0 Million and Growing$7.0 Million and Growing

Page 3: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

GRSP Scholar-Funding HistoryGRSP Scholar-Funding History

1946-47: 1946-47: $1.00$1.00 per Rotarian plus per Rotarian plus Club contributionsClub contributions

$1 has been $8 ($10 authorized)$1 has been $8 ($10 authorized) Late 1970’s: Endowment StartedLate 1970’s: Endowment Started Since 2006: Since 2006: $7$7 + Endowment + Endowment

Income + Club ContributionsIncome + Club Contributions NO MONEY from RINO MONEY from RI

Page 4: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

GRSP ENDOWMENT FUNDGRSP ENDOWMENT FUND

Purpose: supplement program fundingPurpose: supplement program funding• MoreMore (students) (students) for lessfor less (cost) (cost)

Governing Rule:Governing Rule:• Spend only incomeSpend only income – not any corpus – on – not any corpus – on

annual program costsannual program costs

Page 5: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

GRSP Endowment FundGRSP Endowment FundYearYear FundFund IncomeIncome Program Program

BudgetBudget

19841984 $92,000$92,000 $150,000$150,000

19881988 $800,000$800,000 $50,000$50,000 300,000300,000

19941994 $3.1 million$3.1 million $160,000$160,000 550,000550,000

20062006 $7.0 million$7.0 million $340,000$340,000 $1.0 million$1.0 million

20072007 $7.7 million$7.7 million $355,000$355,000 $1.0 million$1.0 million

20082008 $7.6 million$7.6 million $378,000$378,000 $1.1 million$1.1 million

20092009 $7.0 million$7.0 million $379,000$379,000 $1.1 million$1.1 million

Page 6: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

Endowment vs. Operating BudgetEndowment vs. Operating Budget

Rotary Clubs’Rotary Clubs’ contributions go contributions go directly to GRSP operating budgetdirectly to GRSP operating budget• Student’s college expenses and program Student’s college expenses and program

operating costsoperating costs Rotarians’Rotarians’ contributions go to the contributions go to the

GRSP Endowment Fund.GRSP Endowment Fund.

Page 7: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

GRSP Endowment Fund HighlightsGRSP Endowment Fund Highlights

Increased college costs were the impetus Increased college costs were the impetus (in the 1970s!)(in the 1970s!)

1984: One trustee/District on Endowment 1984: One trustee/District on Endowment CommitteeCommittee

1984: $250,000 campaign 1984: $250,000 campaign 1987: set goal for $1.0 million fund1987: set goal for $1.0 million fund 1990: $5.0 million goal/campaign1990: $5.0 million goal/campaign $3.5 Million in new money, or $3.5 Million in new money, or

• $350 per Rotarian (10,000)$350 per Rotarian (10,000)

Page 8: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

GRSP Endowment Fund HighlightsGRSP Endowment Fund Highlights

Frank Bentley (senior) took the leadFrank Bentley (senior) took the lead 27 Endowment Trustees recruited for 27 Endowment Trustees recruited for

the campaign (6-8 clubs per trustee)the campaign (6-8 clubs per trustee) First 15-minute video (Greg Adams)First 15-minute video (Greg Adams) $3.1 million Endowment after 5 years$3.1 million Endowment after 5 years 2000 Campaign: Double the $3.6m in 2000 Campaign: Double the $3.6m in

3 years3 years

Page 9: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

GRSP Endowment FundGRSP Endowment Fund

Limits on Scholar FundingLimits on Scholar Funding

Club Participation – voluntaryClub Participation – voluntary College Costs – ever increasingCollege Costs – ever increasing

• GRSP gets in-state tuitionGRSP gets in-state tuition Endowment Fund sizeEndowment Fund size

• Very effective funding instrumentVery effective funding instrument

Page 10: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

Trends: Students and BudgetsTrends: Students and Budgets

YearYear StudentsStudents Total Total BudgetBudget

Office Office BudgetBudget

04 – 0504 – 05 7171 $1,059,000$1,059,000 $151,000$151,000

05 – 0605 – 06 6767 $971,000$971,000 $134,000$134,000

06 – 0706 – 07 6969 $1,029,000$1,029,000 $145,000$145,000

07 – 0807 – 08 7171 $1,097,000$1,097,000 $155,000$155,000

08 - 0908 - 09 6565 $1,133,000$1,133,000 $143,000$143,000

Page 11: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

Trend: Per-Student CostsTrend: Per-Student Costs(50% this decade)(50% this decade)

2000-20012000-2001 $9,000$9,000 IncreaseIncrease

2001-20022001-2002 $9,500$9,500 5.6%5.6%

2002-20032002-2003 $10,300$10,300 8.4%8.4%

2003-20042003-2004 $10,500$10,500 1.9%1.9%

2004-20052004-2005 $11,300$11,300 4.6%4.6%

2005-20062005-2006 $11,500$11,500 1.8%1.8%

2006-20072006-2007 $12,300$12,300 7.0%7.0%

2007-20082007-2008 $12,200$12,200 (0.8%)(0.8%)

2008-20092008-2009 $13,500$13,500 10.7%10.7%

Page 12: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

Trend: Additions to Fund CorpusTrend: Additions to Fund Corpus

2002-20032002-2003 $468,000$468,000 IncreaseIncrease

2003-20042003-2004 $455,000$455,000 (2.8%)(2.8%)

2004-20052004-2005 $446,000$446,000 (2.0%)(2.0%)

2005-20062005-2006 $462,000$462,000 3.6%3.6%

2006-20072006-2007 $478,000$478,000 3.5%3.5%

2007-20082007-2008 $434,000$434,000 (9.2%)(9.2%)

2008-20092008-2009 $401,000$401,000 (7.6%)(7.6%)

Page 13: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

Trend: Club/District PledgesTrend: Club/District Pledges

2002-20032002-2003 $647,000$647,000

2003-20042003-2004 $763,000$763,000

2004-20052004-2005 $713,000$713,000

2005-20062005-2006 $769,000$769,000

2006-20072006-2007 $772,000$772,000

2007-20082007-2008 $710,000$710,000

2008-20092008-2009 $696,000$696,000

Page 14: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

Trend: Participating ClubsTrend: Participating Clubs

YearYear 69006900 69106910 69206920 TotalTotal

02 – 0302 – 03 6262 6060 4141 163163

03 – 0403 – 04 5656 5959 4444 159159

04 – 0504 – 05 5757 5757 3737 151151

05 – 0605 – 06 5252 5858 3636 146146

06 – 0706 – 07 5555 6262 3535 152152

07 – 0807 – 08 5454 6363 3535 152152

08 – 0908 – 09 5050 6464 3838 152152

TotalTotal 6767 7171 6565 203203

Page 15: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

GRSP Endowment FundGRSP Endowment Fund

Benefits of a Healthy Endowment FundBenefits of a Healthy Endowment Fund

More students can participateMore students can participate More clubs can participateMore clubs can participate Club costs reducedClub costs reduced $7 could be reduced$7 could be reduced District Governor ScholarshipsDistrict Governor Scholarships

Page 16: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

GRSP Endowment FundGRSP Endowment FundInvestment CommitteeInvestment Committee

GRSP Chair, GRSP Treasurer, GRSP Chair, GRSP Treasurer, Endowment Committee Chair, one Endowment Committee Chair, one Trustee/DistrictTrustee/District

Oversee investments Oversee investments • 75% fixed – 25% Equity75% fixed – 25% Equity

Provide Steady IncomeProvide Steady Income

Page 17: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

GRSP Endowment Fund GRSP Endowment Fund CommitteeCommittee

Joe Jones (Chair), Joe Jones (Chair), Bill Quinn, Homer Bill Quinn, Homer Pankey, Karl Waechtler, Steve HarroldPankey, Karl Waechtler, Steve Harrold

Promote Endowment FundingPromote Endowment Funding• Every GA Rotarian Every Year (EGREY)Every GA Rotarian Every Year (EGREY)

$100 per year$100 per year

• Special CampaignsSpecial Campaigns• Seek Donations/Grants from outside Seek Donations/Grants from outside

RotaryRotary• Develop External PublicityDevelop External Publicity

Page 18: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

GRSP Endowment Fund GRSP Endowment Fund CommitteeCommittee

Provide Endowment info and benefitsProvide Endowment info and benefits Prepare speakers’ aidsPrepare speakers’ aids

• PowerPoint presentationsPowerPoint presentations• VideosVideos• PamphletsPamphlets

Deliver information – speak to clubsDeliver information – speak to clubs Support Trustees’ fund-raising effortsSupport Trustees’ fund-raising efforts

Page 19: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

GRSP Endowment FundGRSP Endowment FundThe Trustee’s RoleThe Trustee’s Role

Make Presentation to Every ClubMake Presentation to Every Club Identify and train “GRSP Go-To Person”Identify and train “GRSP Go-To Person” Engage each club PresidentEngage each club President

• Promote student sponsorship Promote student sponsorship • Promote Endowment and EGREYPromote Endowment and EGREY• Encourage quarterly payments Encourage quarterly payments • Identify potential large donorsIdentify potential large donors• Use matching fundsUse matching funds

Contact Endowment Fund Committee Contact Endowment Fund Committee members for helpmembers for help

Page 20: IT’S GOOD FOR GEORGIA IT’S GOOD FOR ROTARY IT’S GOOD FOR THE WORLD

IT’S GOOD FOR GEORGIAIT’S GOOD FOR GEORGIA

IT’S GOOD FOR ROTARYIT’S GOOD FOR ROTARY

IT’S GOOD FOR THE WORLDIT’S GOOD FOR THE WORLD