Carmel Valley Rotary Club Foundation
The Carmel Valley Rotary Club Foundation was initially chartered in 2009 as a means of receiving tax-deductible contributions in support of the Clubʼs many local and international projects. In 2020, the Foundation established an Endowment Fund as a way of creating a financial plan for insuring long-term support for projects and programs supported by the club, and having a means through which tax-deductible contributions, gifts of stock and appreciated securities could be donated. In 2021 the Foundation established the Hilda Holl Memorial Scholarship Fund. See below for details.
The Carmel Valley Rotary Club Foundation is made up of three funds.
- The first is a pass-through fund which allows the foundation to receive tax deductible contributions for specific projects. Monies received are dispersed quickly. Click here to make a tax-deductible contribution for a specific project.
- The second fund is our Endowment Fund to receive tax deductible contributions of money, stocks and annuities received are held in a long-term trust in perpetuity. The funds investment goal as fiduciaries of these assets is to get a reasonable rate of return while also protecting principal by using a diversified strategy. Only the yearly annual earnings of this fund are spent on projects supporting the clubʼs charitable programs. Click here to learn more about and to donate to the Foundationʼs Endowment Fund.
- The Hilda Holl Memorial Scholarship Fund is a separate scholarship fund within the Foundation with a goal of reaching $100,000. The principal will be held in perpetuity and the interest from this fund will provide for annual college scholarships for female Hispanic business majors.
The Carmel Valley Rotary Club Foundation is a non-profit tax-exempt organization Tax ID #26-4816466
All contributions are tax-deductible under IRS Code 5.01 C. (3)