The Rotary Foundation Future Vision is a three-year test of the new grant structure.
In District 5950, Past District Governor Sandy Schley (2009-10) is heading up the transition that takes effect on July 1, 2013. She summarized these Foundation changes:
- Future Vision will now fund bigger club/
collaboration projects — using the same pool of dollars but distributing them through fewer grants. - Rotary International (RI) is using the new
Future Vision structure to give districts more control over managing projects. - Future Vision will reduce the administrative burden RI carries from overseeing approximately 10,000 (relatively small) projects around the world. Because each project has an initiating club (like Rogers) and a host club (perhaps Bangladesh),
RI has to monitor all vendor records and project reports until the project is completed and turned over to local residents. - The minimum project will be $30,000 (currently $10,000). A $30,000 project (post matches) means a club/collabora-tion initially funds approx. $8,500. (This
is the level of local investment Brooklyn Park Rotary is asking Area 4 clubs to partner in.) - Right now, 50% of all donations from District 5950 Rotarians are returned three years later to the district. The other 50% stays in RI’s World Fund and is used to match and/or further RI projects.