2013 Indianapolis Rotary Foundation Report
One of about 60 Rotary Club Foundations, the Indianapolis Rotary Foundation was established in 1947 with a $25,000 contribution by Mrs. Isaac R. Holycross in honor of her late long time Rotarian husband. Our Foundation assets are now worth over $6.2 million and the income from the endowment is used to assist Rotarians to give witness to the Rotary philosophy of “Service Above Self”. The Foundation’s Board of Directors made grants totaling $142,867 during the FY 2013 assisting community organizations, club committees and our members to respond to charitable needs in our community.
After many years of giving numerous small grants each year, the Foundation Board has changed our process to give larger amounts to four community organizations three club committees and our unique $1000 member-focused civic entrepreneurship grants. These recipients are listed elsewhere in this report. Our Foundation Funds supported such needs as providing a safer environment for children and homeless adults, clothing for children, assistance for mentally challenged adults and other charitable and educational programs in which club committees and Rotarians were involved.
