ROTARY INTERNATIONAL NEWS
The Rotary Foundation rises on expert list of top nonprofits
The Rotary Foundation has continued its steady growth, moving up 35 spots to 85th in The Chronicle of Philanthropy's annual ranking of the top 400 nonprofit organizations in the United States. The ranking is based on monetary contributions from private sources and reflects the increasing generosity of those who support Rotary's mission.
According to The Chronicle of Philanthropy, The Rotary Foundation received $239,576,000 in 2013, a 32.4 percent increase from the previous year.
"This clearly shows our members recognize the unparalleled value of giving to their Foundation," says John Hewko, Rotary's general secretary. "They know that by giving to the Foundation their dollars have a much greater impact. And friends of Rotary respect that the Foundation puts their gift to great use."
The Foundation recently earned a 4-star rating from Charity Navigator, the largest and most prestigious independent evaluator of nonprofits in the United States. In the 2013-14 Rotary year, 92 percent of the Foundation's expenditures were applied to programs, with only 6 percent spent on fundraising and 2 percent on administrative expenses. The Foundation funded $23.5 million in district grants and $47.3 million in global grants. These grants support local and international humanitarian projects as well as scholarships.
