The Rotary Foundation Of Rotary International
- Assets
- $1.4b
- Revenue
- $400.6m
- Investments
- $299.6m
- Employees
- 271
- Location
- Evanston, IL
- Founding
- 08/1983
- Data as of
- 06/2021
- EIN
- 36-3245072
Organization Overview
The Rotary Foundation Of Rotary International is located in Evanston, IL. The organization was established in 1983. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, Rotary Foundation Of Rotary International employed 271 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rotary Foundation Of Rotary International is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Rotary Foundation Of Rotary International generated $400.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $395.7m during the year ending 06/2021. While expenses have increased by 6.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rotary Foundation Of Rotary International has awarded 2,984 individual grants totaling $181,580,834. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ROTARIANS WORK TOWARD ADVANCING WORLD UNDERSTANDING, GOODWILL AND PEACE.
Describe the Organization's Program Activity:
ROTARY GRANTS - GLOBAL GRANTS SUPPORT HUMANITARIAN PROJECTS, SCHOLARSHIPS, AND VOCATIONAL TRAINING TEAMS IN ROTARY'S AREAS OF FOCUS.DISTRICT GRANTS SUPPORT SMALLER-SCALE PROJECTS RELATED TO THE FOUNDATION'S MISSION. PARTNERSHIP GRANTS ALSO SUPPORT THE AREAS OF FOCUS AND ARE CARRIED OUT WITH THE FOUNDATION'S STRATEGIC PARTNERS.
POLIOPLUS - THE POLIOPLUS PROGRAM IS ROTARY'S EFFORT TO ERADICATE THE POLIOVIRUS WORLDWIDE. ROTARIANS HAVE PROVIDED FINANCIAL SUPPORT AND COUNTLESS VOLUNTEER HOURS TO ENSURE THAT CHILDREN ARE IMMUNIZED AGAINST THIS CRIPPLING DISEASE AND THAT SURVEILLANCE OF THE VIRUS IS STRONG, DESPITE THE POOR INFRASTRUCTURE, EXTREME POVERTY, AND CIVIL STRIFE OF MANY COUNTRIES. FUNDS SUPPORT NATIONAL IMMUNIZATION DAYS, POLIOVIRUS TRANSMISSION MONITORING, AND OTHER EFFORTS IN POLIO-ENDEMIC, RECENTLY ENDEMIC, AND HIGH RISK COUNTRIES. ROTARY IS A CORE PARTNER IN THE GLOBAL POLIO ERADICATION INITIATIVE, ALONG WITH THE WORLD HEALTH ORGANIZATION, UNICEF, THE CDC, AND THE BILL AND MELINDA GATES FOUNDATION.
DONOR ADVISED FUND - THE DONOR ADVISED FUND IS A CHARITABLE GIVING VEHICLE THAT OFFERS INDIVIDUALS AND ROTARY-AFFILIATED GROUPS THE ABILITY TO MAKE GRANT RECOMMENDATIONS TO SUPPORT EITHER THE ROTARY FOUNDATION PROGRAMS OR OTHER IRS-APPROVED CHARITIES. THE ROTARY FOUNDATION HAS ULTIMATE DISCRETION AND CONTROL OVER DISTRIBUTION OF THE FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Jones Chief Investment Officer | Officer | 37.2 | $301,790 |
Eric C Schmelling Chief Philanthropy Officer | Officer | 40 | $237,846 |
John Hewko Chief Executive Officer | Officer | 15.2 | $216,348 |
Jonathan South Investment Officer | 37.2 | $190,444 | |
Michael Patock Investment Officer | 37.2 | $188,388 | |
Carol Pandak Director Of Polioplus | 40 | $175,579 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nepc Llc Investment Consultant | 6/29/21 | $296,932 |
Ubs Realty Investors Investment Advisory | 6/29/21 | $372,077 |
Cape Ann Asset Management Investment Advisory | 6/29/21 | $247,982 |
Axonic Capital Llc Investment Advisory | 6/29/21 | $412,682 |
Diameter Capital Partners Investment Advisory | 6/29/21 | $268,575 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,695,462 |
| Government grants | $3,756,226 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,388,339 |
| Noncash contributions included in lines 1a–1f | $4,967,887 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,840,027 |
| Total Program Service Revenue | $13 |
| Investment income | $18,291,174 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,132,628 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $400,604,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,969,286 |
| Grants and other assistance to domestic individuals. | $5,564,711 |
| Grants and other assistance to Foreign Orgs/Individuals | $308,499,627 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,593,524 |
| Compensation of current officers, directors, key employees. | $910,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,993,977 |
| Pension plan accruals and contributions | $2,099,818 |
| Other employee benefits | $3,508,511 |
| Payroll taxes | $2,029,524 |
| Fees for services: Management | $526,765 |
| Fees for services: Legal | $229,983 |
| Fees for services: Accounting | $276,065 |
| Fees for services: Lobbying | $664,705 |
| Fees for services: Fundraising | $216,380 |
| Fees for services: Investment Management | $2,898,719 |
| Fees for services: Other | $1,352,182 |
| Advertising and promotion | $114,584 |
| Office expenses | $379,772 |
| Information technology | $7,759,687 |
| Royalties | $0 |
| Occupancy | $2,680,820 |
| Travel | $63,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $227,745 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $161,240 |
| All other expenses | $478,283 |
| Total functional expenses | $395,728,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,120,326 |
| Savings and temporary cash investments | $76,400,474 |
| Pledges and grants receivable | $17,840,788 |
| Accounts receivable, net | $292,761 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $116,532 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $946,895,578 |
| Investments—other securities | $299,584,099 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,989,503 |
| Total assets | $1,437,240,061 |
| Accounts payable and accrued expenses | $43,135,138 |
| Grants payable | $99,703,693 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,089,969 |
| Total liabilities | $146,928,800 |
| Net assets without donor restrictions | $672,130,130 |
| Net assets with donor restrictions | $618,181,131 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,437,240,061 |
Grants Awarded
Over the last fiscal year, The Rotary Foundation Of Rotary International has awarded $24,291,120 in support to 410 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: ECON. AND COMMUNITY DEVELOP.-HUMANITARIAN-DAF | $1,400,000 |
Irondale, AL PURPOSE: BASIC EDUCATION AND LITERACY-SCHOLARSHIP-DAF | $1,000,600 |
San Diego, CA PURPOSE: ECON. AND COMMUNITY DEVELOP.-HUMANITARIAN-DAF | $500,000 |
Midlothian, TX PURPOSE: ECON. AND COMMUNITY DEVELOP.-HUMANITARIAN-DAF | $500,000 |
Harrisonville, MO PURPOSE: ECON. AND COMMUNITY DEVELOP.-HUMANITARIAN-DAF | $460,221 |
Brandon, FL PURPOSE: DISEASE PREV. AND TREATMENT-HUMANITARIAN | $334,900 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Rotary Foundation Of Rotary International has recieved totaling $6,350.
| Awarding Organization | Amount |
|---|---|
Merrill Schneider Foundation Driggs, ID PURPOSE: SUPPORT PROGRAMS | $6,250 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $50 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $50 |
Endowment Analysis
| Beg. Balance | $484,525,865 |
| Earnings | $146,145,302 |
| Admin Expense | $3,830,142 |
| Net Contributions | $31,551,798 |
| Grants | $17,295,257 |
| Ending Balance | $641,097,566 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rotary Foundation Of Rotary International Evanston, IL | $1,437,240,061 | $400,604,397 |
Assyrian Universal Alliance Foundation Inc Lincolnwood, IL | $44,342,323 | $33,906,552 |
American Friends Of The Israel Sport Center For The Disabled Northfield, IL | $2,853,517 | $3,589,355 |
American Friends Of The School Of St Jude Tanzania Inc Louisville, KY | $667,746 | $705,243 |
Urban Mosaic Inc Wheaton, IL | $236,704 | $968,089 |
Ohel Avraham Skokie, IL | $2,260,117 | $750,820 |
U S Friends Of The Menachem Begin Heritage Foundation Inc Indianapolis, IN | $1,667,871 | $2,173,936 |
Ludhiana Christian Medical College Board U S A Inc Evanston, IL | $4,624,268 | $957,883 |
American Friends Of Kollel Bais Yechiel Esformes Inc Chicago, IL | $484,841 | $606,202 |
Foundation Of The American Society Of Retina Specialists Inc Chicago, IL | $3,556,060 | $831,589 |
Hope Foundation Of Kenya Ankeny, IA | $111,119 | $514,460 |
American Friends Of Eretz Hemdah Inc Chicago, IL | $795,855 | $663,437 |