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The foundation was created in 1917 by Rotary International's sixth president, Arch C. Klumph, as an endowment fund for Rotary "to do good in the world." It has grown from an initial contribution of US $26.50 to more than US $1 billion. It has one of the largest and most prestigious international fellowship programs in the world.
Ambassadorial Scholarships (founded 1947) was a program of the Rotary Foundation.The program ended in 2013 and was replaced by the Rotary Global Grant Scholarship, which expands on the Ambassadorial mission, by now ensuring that every Rotary Scholar advance Rotary's International mission to " promote service to others, promote integrity, and advance world understanding, goodwill, and peace." .
Effective July 2009, the Rotary Foundation previously ended funding for the Cultural and Multi-Year Ambassadorial Scholarships as well as Rotary Grants for University Teachers. [67] Georgia Rotary Student Program (GRSP) is a program that offers scholarships to international college students to study in the state of Georgia.
The amount they must donate to attain that status varies, depending on the nonprofit’s budget. If you gave US$500 to your neighborhood food pantry, you would probably become one of its major donors.
Rotary Youth Exchange (RYE) is a Rotary International student exchange program for secondary school students. Since 1929, Rotary International has sent young people around the globe to experience new cultures. Currently, about 9,000 students are sponsored by Rotary Clubs every year.
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Since 1947, more than 30,000 men and women from 100 nations have studied abroad thanks to Rotary. The Ambassadorial Scholarship program was the world's largest privately funded international scholarships program. More than 1,100 scholarships were awarded for study in 2002-03. Grants totaled US$26 million.
The $237 million check the donor declared was in the bank turned out to represent potentially worthless stocks. Now those stocks are gone. Failed CCU donor pulls dubious gift to FL college ahead ...