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The purpose of the Lima Rotary
Foundation is to accept and accumulate funds and to
distribute them exclusively for the following:
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For educational, charitable,
scientific or benevolent purposes.
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To tax exempt charitable
organizations or provide scholarships.
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To promote the health
welfare, happiness, education and development of men,
women and children, particularly the sick, aged, young,
erring, poor, crippled, helpless, handicapped,
unfortunate and underprivileged regardless o race, color
or creed.
The General Fund receives income
from various sources including $50 per year from each
Rotarian, special gifts, mutual fund income, rib cook-off
and Christmas auction. The Board of Trustees is responsible
for distributing funds and investigating requests to insure
that they fall with in the established guidelines.
The Lima Rotary Scholarship Fund
is not distributed by the Foundation, but rather a
scholarship committee made up from members of the club.
The Foundation Board consists of
nine members who are voted for by the membership via a mail
ballot. Each member serves a term of three years.
Additionally, the immediate past President of the Rotary
Club is an ex-officio member of the Board of Directors.
The Board also has a Secretary and Treasurer that may or may
not be Trustees.
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