Member Contributions Grow the RCM Community Trust
 

Each month in this space we put the spotlight on a particular program supported by the RCM Community Trust. But every so often, we like to tell the story of the Trust itself.  Founded in 1968 with a transfer of $12,248 from the Rotary Club of Milwaukee, today the RCM the RCM Community Trust is valued at over $3,400,000—the growth exclusively from members or gifts made in honor of a member.

 

From modest beginnings, the Trust boasts eight endowed funds. Proof of our recent dynamic growth, each fund beyond the main fund was created in the last decade. Those who find financial calculations thrilling may be interested to know that annual distributions from each fund are 4.5% of the rolling three year average. Here are some quick facts:

 

Main Account

Current Value: $2.2 million with annual distributions about $100,000

Supports local charitable giving primarily through RCM Committees: Partners in Education, Reading Is Fundamental, Military Service Support, Environment & Ecology, Community Leadership Development, and Inclusion and Jobs. Members asked to contribute $50 with each dues statement. Memorial gift sometimes made for deceased members. Those who contribute $1,000 are recognized as Harry Franke Fellows.

 

A.D. Robertson Fund for the United Nations

Current Value: $245,000 with annual distributions available of $12,000

Established by Robertson Family in 2005 to promote education about work the United Nations and the important relationship between Rotary and the UN. Some example gifts include: stipends for Rotaract members to attend Rotary Day at the UN, funding of UN connected speakers at Rotary and in the community.

 

Philip Orth Family Fund

Current Value: $311,000 with annual distributions available of $13,000

Established in 2011 through the estate of Phil and Mariette Orth to support the local and international work of the club. Example gifts: Guatemala water system and pedestrian bridges—a collaboration with Engineers without Borders.

 

Gordon and Elizabeth Smith Scholarship Fund

Current Value: $107,000

Established in 2012 by Tom and Genie Smith in honor of his parents. The first scholarship of $4,500 was awarded in 2013.

 

James I. Miller III Scholarship Fund

Current Value: $30,000 (Cash value of life insurance policy)

Established in 2013 by Rotarian James Miller II in honor of his son.  Beginning in 2017, Jim will combine his estate gift with an annual gift so that we can begin to award the scholarship annually.

 

William Adams Scholarship Fund 

Current Value: $50,000 with annual distributions of $2,250

Created in 2013 by the family and friends of Bill Adams. The first scholarship was awarded in 2014.

 

RCM Scholarship Fund

Current Value: $26,000

The first scholarship will be awarded when the value of the fund reaches $50,000.  (Note: Most of our scholarships are funded by the proceeds of the RCM Scholarship Golf Classic on an annual basis.)

 

Andrew Bell Charitable Trust

Current Value: $300,000

Each June since 2006, the Trust has been the recipient of an annual gift from the estate of Rotarian Andrew Bell. Past Andrew Bell funds have funded the restoration of the Brown Street Academy Schoolyard and are currently committed to fulfill Rotary’s $100,000 pledge to the restoration of the Johnsons Park.