Report to the Membership Rotary Year July 1, 2007- June 30, 2008

“Rotary Shares” was the Rotary International theme for 07-08. Responsibility for fulfilling our mission is divided between the Everett Rotary Youth Foundation (ERYF) and the Rotary Club of Everett. Once again, our club shared its’ time, talent, and resources to meet both local and world-wide needs. All members in good standing of the Rotary Club of Everett, which was organized in 1916 and chartered in 1917, are similarly members in good standing of the Everett Rotary Youth Foundation. A Board of Trustees manages Youth Foundation affairs, but any decision to disburse Foundation funds is made by the Board of Directors of the Rotary Club of Everett. The financial statement prepared by Treasurer, Brad Seltzer shows the primary revenue sources that support the Foundation. These include the “Get in the Game” fundraiser, chaired by Kevin Morris, Happy Dollars, Birthday Bucks, Raffle and Interest/Dividend Income. The expenditures for the year were in support of the programs conducted by the Club. Such programs are summarized below under the categories of Community Service and World Community Service.

Community Service

The Youth Foundation Education Committee, chaired by George Bowden, vice-chaired by Maddy Metzger-Utt was busy all year. During the year the committee identified and recognized 21 students from Archbishop Murphy, Cascade and Everett High Schools at our weekly meeting. These articulate students shared with us their future plans and goals; truly an inspiration to all of us. Our clubs signature scholarship event was held on May 20th to a standing room audience. The committee selected recipients for scholarships from Archbishop Murphy, Cascade, Everett, Jackson, Kamiak, Mariner, and Sequoia High Schools, as well as the Sno-Isle Vocational Skills Center and Everett Community College. The total amount of scholarships awarded was $244,000. That amount included $36,000 from the Partners in Excellence program where the Everett Rotary Youth Foundation matches grants from companies and individuals. Scholarships comprise Everett Rotary’s largest charitable program. The total scholarships awarded over the years have now reached $2,565,000.

Everett Rotary Youth Foundation

P.O. Box 1225 Everett, WA 98206

Everett Rotary Club & Privately Funded Scholarship – 2007/2008

Evelyn Hoffman $2,000 Lauren Cudaback (Everett) Bernie Webber Memorial $2,500 Ilona Palamarchuk (Cascade) Fred Sjoholm $3,000 Michelle Thomas (Mariner) EverTrust Foundation $6,000 Erika Stanley (Sno-Isle) EverTrust Foundation $6,000 Andrew Springer (Sequoia) Scoops Troops-Jackson

Foundation $6,500 Maggie Burton (Everett) Loren R. Baker Memorial $14,000 Jacqueline Ricaurte (Mariner) Laurie Ivens Memorial $15,000 Sara O’Neal (Jackson) Anthony G. Bozich $17,500 Khiet Thinh (Mariner) Anthony G. Bozich $17,500 Kyle Ryan (Archbishop Murphy) Anthony G. Bozich $17,500 Tom Le (Cascade) Anthony G. Bozich $17,500 Annissa Alusi (Kamiak)

Partners in Excellence with Everett Rotary Club Match Scholarships – 2007/2008

EHS Class of 1955 $2,000 Brent Swezey (Everett) Botesch, Nash & Hall $3,000 Simone Tarver (Everett) Suskin Foundation $4,000 Daniel Pak (Jackson) Suskin Foundation $4,000 Christina Taylor (Everett) Dwayne Lane Auto Centers $4,000 Sasha Mohnani (Mariner) Coast Real Estate $4,000 Emma Nelson (Archbishop Murphy) Pearl Ballew Memorial $4,000 Alta Langdon (Everett Community College) Moss Adams $4,000 Bryan Roberts (Sno-Isle) Donna Johnson Memorial $5,000 Brett Somers (Sno-Isle) Everett Clinic $5,000 Myhanh Nguyen (Everett Community College) Ed & Andi Hansen $5,000 Julie Milburn (Everett Community College) Hol Mabley/Gamut 360 $5,000 Ryha Milici (Kamiak) Robert Gray Memorial $5,000 Lindsay Fjeran (Kamiak) Rubatino Refuse Removal $5,000 Aubrey Ahlberg (Everett) Perteet Engineering $5,000 Lana Fingarson (Everett) Sanford Wright Sr. Memorial $5,000 Jennifer Hapaianu (Jackson) Bethany of the Northwest $6,000 Chelsea Eslick (Cascade) Fluke Corporation $6,000 Matthew Nguyen (Cascade) Tiz’s Door Sales $6,000 Chelsea Arneson (Sequoia) Cascade Bank $7,000 Shannon Martinez (Cascade) Brett Akio Jensen Memorial $7,000 Jared Smith (Archbishop Murphy) Puget Sound Kidney Centers $8,000 Kate Cunningham (Kamiak) Frontier Bank $10,000 Shewit Andeberhan (Mariner)

A TOTAL OF $244,000 WAS AWARDED Another example of how Everett Rotary shares.

Scholarship Recipients The Local Impact Committee, chaired by Andy Hall and vice-chaired by Kaye Phinney, was responsible for disbursing over $16,500 to assist many important initiatives.

Discovery Elementary – Bookstore Purchase of books $850 Olive Crest Foundation – Fostering Together Program $500 Everett Mayor’s Youth Council – Leadership Summit $500 Arts Council of Snohomish County – Student Arts Program $2,000 Camp Fire USA of Snohomish County – Summer Camperships $1,000 Boy Scouts – Mount Baker Council – Summer Camperships $1,000 Mukilteo Kiwanis/Blue & Gold Club – Assist EHA alumni $830 VOA-Camp Volasuca – Summer Camperships $1,000 Boys & Girls Club of Snohomish County – Summer Camperships $1,000 YMCA of Snohomish County – Summer Camperships $1,000 Jackson High Booster Club – Purchase of Drum Set $1,000 EHS Blue & Gold Club – High School Grants $1,000 The Dance School – Dance Scholarships $700 Friends of Everett Library – Children’s Furniture $950 St. Vincent De Paul – Children’s Bed Program $1,000 Village Theatre – Children’s programs $1,000 ESD – Challenge Day Program $1,500

The Vocational Service Committee, chaired by Ted Wenta and vice-chaired by Russ Kimball presented the 2008 Career Fair on March 26th at Everett Community College. This event brings together students from Snohomish County high schools and career professionals in an effort to assist students in planning their futures. Over 200 students participated along with 70 volunteer professionals and some 80 Everett Rotarians worked to put on the event. Student’s comments were uniformly positive.

Interact Vice President Amelia Kent, advisor Erin Sebby, Jeff Moore and Interact President Sunny Sidhu

The Youth Foundation Services Committee chaired by Jeff Moore and vice-chaired by Eric Anderson. In Rotary year 06-07, we participated in starting an Interact Club at Everett High. During 07-08, the Interact Club increased participation to 20 active members. Erin Sebby, a teacher at EHS, was again the Interact advisor. The students participated in a number of activities under the leadership of President Sunny Sidhu; Vice President Amelia Kent; Treasurer Magdalia Suarez; Secretary Alex Nielson. They cleaned up the EHS campus, participated in the Thanksgiving Food Drive, had a car wash fundraiser and worked at Christmas House. They helped with the Rotary Park clean-up and at year end they sponsored a fund raising dinner which resulted in $1,550 being donated to World Concerns. The check was presented at the Rotary District Conference held in Everett. A second initiative by this committee was laying the groundwork for a pilot program for Challenge Day to be held in the fall at Everett and Sequoia High Schools. Our Rotary Club will provide funding and member participation.

World Community Service

The World Community Service Committee was chaired by Ed Petersen and vice chaired by Kim Buike. Rotary International and our Everett Rotary Club, have as a major initiative, improving conditions worldwide particularly in third world countries. In 2007-2008 our club increased their committee budget by 50% to $15,000. The following highlights the work of this committee: $4,500 – International Children Outreach Network (ICON) Within the ICON framework, the Children Burn Foundation operated a burn clinic in

Ethiopia, under the direction of Norwegian Doctor Einar Erickson. This contribution funded indigenous nurse training to assist Dr. Erickson’s important work. Dr. Erickson visited Everett and provided this committee a personal update on his work.

$6,500 – AGROS International AGROS is based in Seattle. Their mission includes improving conditions in Central

America. Our funds were used in Nicaragua. We helped develop a water project and bought plants and seeds for agricultural purposes. This 10 year project is designed to help local Nicaraguans become self sustaining farmers.

$2,500 - Ankara Gulhane Hospital medical equipment. This matching grant was a collaboration with the Ankara Kavaklidene Rotary Club and leveraged a total of $13,800.

$1,000 – Koutiala Hospital Breast Pump Project

This health ministry in Mali, West Africa provides pre and post natal services to local families. Our donation helped acquire a high quality breast pump. In June we enjoyed a program wherein representatives provided us a first hand look at their work and how Everett

Everett Rotary assisted. $1,000 – Polio Eradication Program This contribution to the Rotary Foundation was a match toward the Gates Foundation $100 million polio eradication grant. $1,000 – Shelter Box Program

Funded one box shelter to house and equip up to 10 people made homeless by natural disaster or war.

$2,100 - KIVA Micro Loan program

In Rotary year 06-07 our club budgeted $2,100 for KIVA Micro Loan program. The purpose of this program is to make small loans around the world that assist entrepreneurs to start businesses that enable them to raise their standard of living.

This and similar programs have been very successful in meeting this goal. During 07-08 our club members, Interact members and others made loans via an online program through KIVA. This proved to be a very successful effort that allowed local individuals to directly assist people all over the Third World.

2007-08 was very busy for this committee as they facilitated the sharing of local resources in needy areas.

PP Lyle Ryan and President Roy Yates helping clean up Rotary Park Although The Rotary Foundation of Rotary International is not financed by the Everett Rotary Youth Foundation, it is supported by members of Everett Rotary. Under the leadership of Foundation Chairs PPs Tom Rainville and Ed Rubatino, the Club gave $40,600 to the Rotary Foundation.

Everett Rotary Youth Foundation - Investment Policy

The investment committee of the Foundation has the primary responsibility for investing Foundation funds.

Permitted investments include common and preferred stock, investment grade bonds and money market funds. Investments may be made by individual securities or mutual funds. Individual equity positions should not exceed 10% of total assets and no more than 25% of fund assets may be invested in any single industry.

Investment goals with mutual funds are to have Morningstar Ratings for Risk of less than 50, where 100 is the greatest and one the least amount of risk, and a rating for Return of less than 50, where a rating of one means a return better than 99% of similar funds.

It is Foundation policy to allocate 5% of the December 31 balance toward scholarships for the following year.

The Everett Rotary Youth Foundation

Financial Position

June 30, 2008

TotalGeneral

Fund

Paul

Harris

Club

Scholarship

Anthony G.

Bozich

Evelyn

Hoffman

Hol

Mabley

Adelaide

Dykstra

Bernie

Webber

Fred

Sjoholm

Club weekly fundraisers 45,196$ 45,196$

Club annual fundraiser - net 71,393 71,393

Committee expenses (47,251) (47,251)

Administrative costs (10,346) (10,346)

Endowment interest & dividends 67,963 - 793 6,813 55,490 1,456 650 964 848 949

Endowment gain (loss) (362,337) - (3,637) (36,385) (296,323) (7,774) (3,469) (5,150) (4,528) (5,071)

Scholarships awarded - net (127,733) (52,483) - - (70,000) (2,000) - (1,000) (1,000) (1,250)

Current year donations 8,679 - - 2,380 - 1,000 3,434 500 1,365 -

Net change for the year (354,436) 6,509 (2,844) (27,192) (310,833) (7,318) 615 (4,686) (3,315) (5,372)

Fund Balances 6/30/07 1,900,485 114,260 17,931 179,369 1,460,792 38,321 17,104 25,388 22,320 25,000

Fund Balances 6/30/08 1,546,049$ 120,769$ 15,087$ 152,177$ 1,149,959$ 31,003$ 17,719$ 20,702$ 19,005$ 19,628$

Endowment Funds

Four 4-year

awards for

Math,

Engineering

or Science

majors

Everett High

student

excelling in

English,

Literature or

Writing

Scholarships

in Memory of

Hol Mabley

Student

with love

for Math

and

Teaching

Student

studying

Art

Student

studying

accounting,

business or

Christian

studies

Everett Rotary Youth Foundation - Board of Trustees 2007/2008

Voting Board Members Term Expires

Jim Haugen, President 2009 Lyle Ryan, Vice President 2010 Rose Goulet 2011 Roy Yates 2012 Jim Hayes 2009 Noni LaLone 2010 Rich Toyer 2011 Fred Sjoholm 2012

Ex-Officio Board Members Larry Byers, Club President 2009 Brad Seltzer, Club Treasurer 2009 Maddy Metzger-Utt, Chair Youth Foundation Education Comm. 2009 Eric Anderson, Chair Youth Foundation Service Committee 2009

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