There is always confusion this time of year about what contributions to the
Lafayette Rotary Foundation count toward Golden Service Recognition and
which projects are "pass through" activities and which are ours. Here are the
policies adopted by The Lafayette Rotary Foundation this past March after
months of discussion.
Golden Service Recognition Policy
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Golden Service Awards are awarded to recognize contributions to the Lafayette
Rotary Foundation to support the award of grants funded by distributions from the corpus
of the Foundation.
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Contributions for which Golden Service Recognition is given are those
contributions to the Foundation which enable the Foundation to grow its endowment
funds, thereby enhancing its ability to award grants in the future.
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Golden Service Awards will be presented to those making contributions at the
following Levels of Giving:
Golden Service Contributors - $1,000 or more
Golden Service Plus Contributors - $2,500 or more
Diamond Contributors - $5,000 or more
Double Diamond Contributors - $10,000 or more
Platinum Contributors - $25,000 or more
Unless otherwise determined by the Board, Golden Service Award recognition shall not
be given for monies received by the Foundation solely as a conduit for transfer:
- to other charitable organizations, such as The Rotary Foundation
of Rotary International or the Salvation Army,
- in support of projects or programs not otherwise receiving grants
from the Foundation.
Conduit Project Policy
Lafayette Rotary Foundation may agree to receive and disburse funds for the Lafayette
Rotary Club as a conduit for transfer:
- to other charitable organizations, such as The Rotary Foundation
of Rotary International or the Salvation Army,
- in support of projects or programs not otherwise receiving grants
from the Foundation.
To qualify as a "Conduit Project" the recipient of the funds disbursed by the Foundation
must be a domestic organization that has qualified for exempt status under Section
501(C)(3) of the Internal Revenue Code.
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