Annual MeetingJuly 25th, 2013

AgendaAnnual Review

Launch of New WebsiteSpecial Mention

ElectionPassing of Gavel

New President CommentsQ & A

Annual MeetingJuly 25th, 2013

Mission

Lynnwood Rotary Community Foundation

To provide significant financial support for local needs through long term fund

development and responsible stewardship

Strategic Priorities• Create significant impact in the community

• Accumulate a $500,000 endowment fund

• Position LRCF as worthy recipient of Rotary Senior Housing Service Foundation funds

• Develop a successful fund raising program

• Ensure Rotary is recognized for its impact

ROTARY CLUB OF LYNNWOOD501(C)(4)

Club Service

Community Service

Public Image

RI Foundation

International Service

New Generations

LYNNWOOD ROTARY COMMUNITY FOUNDATION

501(C)(3)

Investment

Fund Development

Fund Distribution

Audit

Public Relations

ROTARY CLUB OF LYNNWOOD SERVICE FOUNDATION

501(C)(3)

Rotary Retirement Center

Lynnwood Rotary Organizations

BOARD OF DIRECTORSPresident

President ElectImmediate Past President

Vice PresidentTreasurerSecretary

5 Directors

BOARD OF DIRECTORSPresident

Immediate Past PresidentVice President

TreasurerSecretary

9 Directors

BOARD OF DIRECTORSPresident

Vice PresidentSecretary /Treasurer

4 Directors

Two Foundations

• The Rotary Foundation (RI)– Funding for Rotary International Projects

• Lynnwood Rotary Community Foundation– Funding for local projects

Rotary InternationalGlobal Impact

• Polio Plus• Student Exchange• GSE

• Projects• Disaster Relief• Fellowship

Vickie Kozuck - Chair

Lynnwood Rotary Community Foundation

Local Impact

• Scholarships• Early Childhood

Education• Other Club-

designated projects

Fund developmentto support community projects

2012/2013 House Project

Completing our 38th House

Let the good times roll– 2003 $28,414– 2004 52,659– 2005 114,029– 2006 146,549

Here comes the Bear Market– 2007 (26,386)– 2008 (159,885)– 2009 (27,904)– 2010 (26,140) – 2011 ( after 15K grant) 11,132– 2012 (11,211)

House Project Financial History

($264,447)

$341,651

Equity in the House Account Equity Balance 6/30/12 $370,870

Loss on Sale of #37 (11,211)

Estimated Expenses (4,800)

Equity Balance 5/31/13 $354,859

High Equity Balance 6/30/07 $621,800

Investment Committee

• Endowment fund increased from $314k to $360k – an increase of 15%.

• Martha Lake account increased from $47k to $73k.*

*(timing issue – some checks have not been issued)

Martha Lake Community ClubScholarship Program

Almost 90 years of community service

Martha Lake Community Club Gift

• Gift of a contract - $950,000 restricted to scholarships and restricted to a MLCC account

• Distribution of funds 2012-13 year:

– Edmonds School District Early Learning Initiative, $20,000

– LRC scholarship committee, $27,000

Other Accomplishments

• Successful quick sale of house #37 to raise cash with only a small loss.

• Successful completion of house #38• Continued relationship with Rotary Senior

Housing Foundation

Total Foundation Assets

June 30, 2012 $1,728,680

May 31, 2013 1,800,388

Increase $71,708

LRCF Websitewww.lrcfRotary.org

Special Mention• Dave Thompson, Bruce Thompson, Bob

Setting‒ Assuming the responsibility for managing the House

Project #38

• Jon Hatch, Marilla Sargent‒ Transitioning the scholarship selection and award process

to the Club Committee

• Rob Yackel & Ken Peirce‒ For taking on additional duties as Treasurer and Secretary

• Jean Hales & Andrew Steagall‒ Developing the new foundation website

Committee Members• Jim Morino, Fund Development Chair• Jon Hatch, Legal Advisor, Scholarships• Dave Thompson, House Committee Chair• John Friends, Investment Committee Chair• Dan Gualtieri, Audit/Oversight Chair• Travis Snider, Fund Distribution Chair• Jean Hales, Public Relations Chair• Marilla Sargent, Scholarships

Lynnwood RotaryCommunity Foundation

Please join me in thanking your Foundation Board of Directors for their hard work this past year

2013 Board ElectionTotal of 14 Board Positions• Twelve staggered 3-year terms

– May serve a maximum of three 3-year terms

• Two 1-year terms– Treasurer– Past Club Board President

Continuing Directors• John Friends • Jean Hales• Jon Hatch• Jim Morino• Marilla Sargent• Tom Sehrer• Nicola Smith

Nominees• Jeffrey Goodwin, 1-year term as Past Club

President• Dan Gualtieri, 1-year term as Treasurer• Pauline Gubbels, first 3-year term• John Niemi, first 3-year term• Travis Snider, third & final 3-year term

NomineesTwo positions open to nominations from the floor :

(3-year positions with the first term of both shortened to two years to accommodate the staggered terms requirement.)

• Position 1 –

• Position 2 – (this position is open because Dan Gualtieri is relinquishing his 3-year position in order to serve as LRCF Treasurer (renewable 1-year position)

Nominee Officers 2013-2014• Jim Morino - President• Jon Hatch - Vice President• Pauline Gubbels - Secretary• Dan Gualtieri- Treasurer

Passing of the GavelTom Sehrer to Jim Morino

Q & A