Overview
What is Saint Paul Rotary Foundation?
The Saint Paul Rotary Foundation is a nonprofit organization based in Saint Paul, Minnesota. Established to celebrate the centennial of the city's tenth Rotary Club, the foundation offers the Second Century Scholarship Fund. This fund provides four-year, $20,000 college scholarships annually to outstanding senior students from local high schools who meet specific criteria, including academic achievement, participation in the Rotary Youth Leadership Awards (RYLA), and commitment to further education. Funds for the foundation's charitable, educational, and community activities are raised through charitable contributions. The Saint Paul Rotary Foundation supports both local and international initiatives conducted by the Saint Paul Rotary Club.
Official website here: www.stpaulrotary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Saint Paul Rotary Foundation has received a Three-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The score is entirely derived from the Accountability & Finance beacon, reflecting the foundation's commitment to transparency and effective use of funds. A key strength is that all members of its board are independent, showcasing a robust governance structure that adheres to best practices.
Among the foundation's financial metrics, it boasts a program expense ratio of 72.56%, suggesting that a significant portion of its resources is directed towards its programs. The organization has also demonstrated sound financial practices, with a low liabilities to assets ratio of 3.01%. However, there are gaps in policy documentation, specifically the absence of a conflict of interest policy and whistleblower policy, which could pose potential risks to governance transparency.
Overall, while the foundation displays strong financial metrics and governance practices, the missing policies indicate areas for improvement. Enhanced documentation could further reinforce its accountability and strengthen donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Saint Paul Rotary Foundation legitimate?
Saint Paul Rotary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saint Paul Rotary Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.stpaulrotary.org
What is the mission statement of Saint Paul Rotary Foundation?
The Saint Paul Rotary Foundation's mission is to accumulate funds through charitable contributions for the financial support of various charitable, educational, and community activities and grants. These funds are then used to fund local and international activities conducted by the Saint Paul Rotary Club. The foundation's aim is to contribute to worthy causes and initiatives, both domestically and internationally, in line with the Rotary Club's values and objectives.
In addition, the foundation has established the Second Century Scholarship Fund, which was created in 2010 to celebrate the 100th anniversary of the formation of the 10th Rotary Club in the world. This fund provides a $20,000, four-year college scholarship to one St. Paul high school student each year, selected based on established criteria.
In summary, the Saint Paul Rotary Foundation serves as a philanthropic entity, raising funds for charitable, educational, and community activities and providing scholarships to deserving students, in line with the mission and values of the Saint Paul Rotary Club.
Official website here: www.stpaulrotary.org
What is the revenue of Saint Paul Rotary Foundation?
Saint Paul Rotary Foundation's revenue in 2024 was $114,975.
Official website here: www.stpaulrotary.org
Who are the executives of Saint Paul Rotary Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.stpaulrotary.org
Where can I find the form 990 for Saint Paul Rotary Foundation?
Saint Paul Rotary Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.stpaulrotary.org
Learn more at the official website: www.stpaulrotary.org
Mission Statement of Saint Paul Rotary Foundation
The Saint Paul Rotary Foundation is an organization dedicated to amassing funds through charitable contributions. Its primary purpose is to financially support various charitable, educational, and community activities conducted by the Saint Paul Rotary Club, both locally and internationally, by granting the accumulated funds. The foundation's mission is to contribute to the betterment of society by providing financial aid for worthy causes, thereby making a significant impact in diverse communities around the world.
In addition to its primary mission, the Saint Paul Rotary Foundation also launched the Second Century Scholarship Fund in 2010 to celebrate the 100th anniversary of the formation of the 10th Rotary Club in the world, which was established in Saint Paul, Minnesota. This fund was established with contributions from club members and friends and has provided four-year, $20,000 college scholarships to one deserving St. Paul high school student annually. Students are recommended by their respective high schools and must meet specific criteria to be eligible for the scholarship, including participation in the Rotary Youth Leadership Awards (RYLA), enrollment in an accredited postsecondary college or vocational-technical school for the entire upcoming academic year, and a minimum grade point average of 3.0 on a 4.0 scale (or its equivalent). The scholarship has benefited four students each year, demonstrating the foundation's commitment to supporting the educational aspirations of young individuals in the community.
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Impact
October, 2024
The Saint Paul Rotary Foundation has a significant impact on the community and beyond through its charitable, educational, and community activities. One of its hallmark initiatives is the Second Century Scholarship Fund, established in 2010 to honor the centennial of the Tenth Rotary Club in the world. This fund accumulates contributions aimed at transforming the lives of local high school students. Each year, it provides a $20,000 scholarship to a deserving student from St. Paul, enabling them to pursue a four-year college education.
Students eligible for the scholarship are those who have participated in the Rotary Youth Leadership Awards (RYLA) and are evaluated by Scholarship America based on established criteria, including academic performance and community involvement. In its first year, the foundation granted scholarships totaling $20,000 to four exceptional students, underscoring its commitment to fostering education and leadership within the community.
Additionally, the foundation supports various local and international initiatives conducted by the Saint Paul Rotary Club, enhancing community improvement and promoting educational opportunities. Its impact is felt through the tangible benefits provided to recipients and the broader enhancement of community life.
This information is meant to be a general summary of Saint Paul Rotary Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $41,383
- Gross Receipts: $115,486
Assets and Liabilities:
- Total Assets: $857,609
- Total Liabilities: $30,000
- Net Assets: $827,609
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Organization Details
Founding Year
1958
Principal Officer
Jason Bradshaw
Website
www.stpaulrotary.orgNTEE Category
Code: S80 - Community improvement
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