District 5470 Governor Teresa Anson

 

The Rotary Foundation Trustees met on 2 June 2016 in Seoul, South Korea. At this meeting the Trustees reviewed reports from four committees and recorded 35 decisions. The following are highlights of actions taken.

Fund Development Approved the "soft launch" of an endowment/major gifts adviser leadership team to serve as mentors to the endowment/major gifts advisers in 2016-17.

 

Programs The Trustees:

 

* approved a two-year renewal of the memorandum   of understanding with UNESCO-IHE

 

* approved Polio Plus grant funds to: World Health Organization African Region; World Health Organization Mediterranean Region; UNICEF Regional Office for South Asia; UNICEF/Lao People's Democratic Republic; World Health Organization Polio Research. Committee; Global Polio Eradication Initiative Independent Monitoring Board; UNICEF for surveillance support, operational support, social mobilization, technical assistance, research, and administrative activities.

 

* approved three level III global grants (grants over US$100,000); one for basic education and literacy in Guatemala and two for disease prevention and treatment in Nepal and India.

 

 * agreed to make an additional $3 million in World Fund available to cover an expected year-end surge in 2015-16 global grant applications.

 

* Finance The Trustees: approved the 2016-17 budget for revenues of US$346,919,000 and expenses of $279,742,000, including program awards of $230,052,000. The 2016-17 Trustees met in the afternoon of 2 June and among several administrative matters, adopted annual goals for 2017-18. The goals, which were also adopted by the 2016-17 RI Board at its "July" meeting and are a continuation of the priorities approved for 2016-17, are: 1) Support and Strengthen Clubs 2) Focus and Increase Humanitarian Service 3) Enhance Public Image and Awareness 4) Improve Financial Sustainability and Operation Effectiveness.