it’s good for georgia it’s good for rotary it’s good for the world
TRANSCRIPT
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
GRSP Endowment FundGRSP Endowment Fund
$7.0 Million and Growing$7.0 Million and Growing
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
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
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
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.
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)
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
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
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
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%
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%)
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
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
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
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
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
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
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
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