Wed08202014

Rotary Endowment Fund total reaches historic high

The Rotary Club of Los Altos’ Endowment Fund has reached a historically high level, according to Jean Mordo, president, who spoke at a Rotary Club meeting June 2.

Despite the cool and rainy weather in May, Mordo said net proceeds from the group’s annual Fine Art in the Park fundraiser increased, thanks to loyal patrons, raffle ticket sales and additional sponsorships. Outgoing Rotary Club President Dennis Young encouraged members to add their personal bequests to the club’s non-profit entity.

Requests for local funding in fall 2010 and spring 2011 totaled more than $148,000. The Community Grants Committee, which comprises 15 Rotarians including four past presidents, analyzed the requests by 10 criteria: each recipient is nonsectarian; tax exempt; serves Santa Clara or San Mateo counties; demonstrates need, efficiency, uniqueness and locality; and is consistent with Rotary ideals.

More than 75 percent of the $97,070 in Los Altos Rotary grants awarded this year benefited local causes: various community and youth groups, Partners for New Generations and individual scholarships to 10 graduating seniors. International grants to the Los Altos Rotary AIDS Project (Child AIDS Prevention in Liberia) and nine World Community Service projects (in Nepal, Mexico, Haiti and Guatemala) received a total of $21,000, or 22 percent of total funds granted.

Local non-profit organizations may submit grant requests by Oct. 1.

For more information, visit www.losaltosrotary.org.

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