Foundation Fact Sheet: Grants & Schlarships

Grants: The Visalia Rotary Community Foundation uses only earnings from a growing endowment created through the generosity of the Rotary club members and other philanthropic individuals and organizations within the Visalia community. The investment policy of the Foundation recognizes the importance of maintaining the endowment, and limits annual distributions to a maximum of 4% to preserve the endowment.   The directors and management of the Foundation operate without compensation to maximize the community benefit of the endowment. Currently, all 5 Visalia area Rotary Clubs are members of the Foundation. It is managed by a Board of Directors consisting of members from the Visalia Rotary clubs. It has an executive director and executive secretary who give continuity to these boards.

Grantmaking areas

  • Annual general grant program
  • Emergency fund that is designed to assist the community in the case of an emergency. In those cases the principal itself can be used from that fund

Statistics

Asset Trust Endowment (1): $4.5 million
Total Grant Payments since inception (2): $1,173,600
Total 2015 Grant Payments: $100,000

Total 2016 Grant Payments: $100,000

1 As of July 1, 2016
2 As of June 30, 2016

Geographic Reach

The Foundation supports grantees within the City of Visalia and entities that have an impact on the City of Visalia.

Illustrative Grant Commitments

http://www.ci.visalia.ca.us/depts/parks_n_recreation/

  • Respite House, in conjunction with Kaweah Delta District Hospital

Scholarships: The Foundation directs and awards a variety of college and vocational scholarships as directed by bequest donors. Examples:

  • Robert Harrell Scholarship
  • Visalia Rotary Scholarship
  • Dwelle Scholarship
  • Provident-Salierno ScholarshipS
  • Dick Watson STEM Scholarship

See the Scholarships Tab for more information