The Blindness Prevention Donor Advised Fund
of The Rotary Foundation
A Group Donor Advised Fund (DAF) for
Blindness Prevention
has been created within The Rotary Foundation to help support Blindness
Prevention Matching Grants. This fund was established
with an initial contribution of $20,000 from PRIP Frank Devlyn. The
administrator of the fund is Past District
Governor Walt Schloer. Following are some Frequently Asked Questions
about the Blindness Prevention Donor Advised Fund
What is the Avoidable Blindness Donor
Advised Fund?
A:
The Blindness Prevention DAF is a separate account at The Rotary Foundation
(TRF) earmarked for Blindness Prevention. The BP-DAF account is made up
primarily of donations from Rotarians.
PDG Walt Schloer*
is the primary account holder (Administrator) for the BP-DAF and is the main
contact person regarding the administration and use of these funds as dictated
by Rotary’s DAF Program Circular.
How do I Contribute to the BP-DAF?
A:
A simple form is available to be completed and submitted with a check payable
to The Rotary Foundation Donor Advised Fund and then mailed to Walt Schloer, the
BP-DAF account administrator. To obtain this form please contact PDG Walt
Schloer at:
E-Mail:
wschloer@empnet.com
61835 Walter Court
Bend, OR 97702 USA
Fax: 011-541 318 9994
Please note that all contributions to the BP-DAF must be in US dollars and they
cannot be sent directly to RI offices or other RI fiscal agents. Contributions
sent directly to TRF or RI will not be credited to the BP-DAF. In order to get
appropriate credit for all contributions to the BP-DAF, the contributions must
be received by PDG Walt Schloer who is the only individual authorized to
receive contributions on behalf of the BP-DAF.
How are the BP-DAF Awards Determined and Distributed to
Specific Matching Grants?
A:
Any Rotarian, Rotary Club or Rotary District can request an award from BP-DAF
funds for a Blindness Prevention Matching Grant by working with the account
administrator, PDG Walt Schloer.
1. Rotarians
will communicate directly with PDG Schloer via a letter of request and a copy
of the proposed Matching Grant, if available, that will be submitted to The
Rotary Foundation.
2. Once
approved by the BP-DAF review committee, PDG Schloer will send a letter of
intent to the Rotary club(s) or District communicating how much the BP-DAF
review committee has agreed to award to the Blindness Prevention Matching Grant.
These awards are usually limited to a maximum of $2,000.
3. This
letter of intent is to be included with the Matching Grant application when it
is forwarded to The Rotary Foundation by the Rotary club(s) or District that is
preparing the Matching Grant.
4. After The
Rotary Foundation (TRF) approves the Matching Grant and assigns a MG number to
the project, PDG Schloer will request that TRF transfer the proper award amount
to the approved Matching Grant.
5. Once
authorization has been received by the TRF DAF account manager, it takes
approximately 10 business days for the BP DAF award to be transferred to the
approved BP Matching Grant.
Will the BP-DAF Award to a specific Matching Grant be matched by The Rotary Foundation?
A:
If these procedures are properly followed, BP-DAF awards should receive up to a
50% match from The Rotary Foundation and will be treated like all other new cash
contributions towards an approved Matching Grant. A Matching Grant application
must be submitted to TRF to be eligible for a match of BP-DAF funds.
When submitting the application to TRF, the Award Letter of Intent, provided by
PDG Walt Schloer should be included with the Matching Grant application. This
letter of intent states the amount of the funding award that the BP-DAF account
holders have agreed to award to the BP Matching Grant Project. TRF will use
this letter of intent in calculating the total amount of TRF funds that will be
awarded to the Blindness Prevention project.
Do I Receive Paul Harris
Fellow Credit for Contributing to the Blindness Prevention Donor Advised Fund
account?
A:
Contributions made to a DAF are not automatically eligible for
Paul Harris Fellow recognition. However, BP DAF awards which are made to an
approved Blindness Prevention Matching Grant will be eligible for Paul Harris
Fellow recognition, but not automatically allocated to the donor.
Contributions to a DAF do not result in Major Donor credit.
Please note
that responsibility for tracking BP-DAF awards for specific Matching Grants and
the process of assigning PHF credits for BP-DAF contributors, are the sole
responsibility of PDG Walt Schloer. Please do not contact The Rotary
Foundation staff for this information as all inquiries should be directed
only to PDG Walt Schloer.
How Will The Rotary
Foundation Programs Benefit?
A:
Each year on 1 July, one percent of the BP DAF account’s fair market value is
awarded to the Annual Programs Fund (APF) of The Rotary Foundation. The APF
directly supports the mission of the Foundation and its programs.
Can I redeem the money contributed to the Blindness
Prevention DAF if I decide to no longer support the fund?
A:
No. Contributions to The Rotary Foundation Donor Advised Fund are irrevocable
and are not refundable.
General Questions about The Rotary
Foundation Donor Advised Fund?
A:
Please see http://DAF.Rotary.org
Additional Questions about the
Blindness Prevention Donor Advised Fund?
*Please contact:
PDG Walt
Schloer
Email:
wschloer@empnet.com
Fax:
011-541-318-9994
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