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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." .
Some of the differences between Global Grant Scholars and the previous Ambassadorial Scholarships are that Global Grant Scholars must pursue full-time overseas, graduate-level study or research for at least one year that aligns with Rotary's seven areas of focus: Environment; Peace and Conflict Prevention; Community and Economic Development ...
In 2008, Rotary received a $100 million challenge grant from the Bill and Melinda Gates Foundation. Rotary committed to raising $100 million. In January 2009, Bill Gates announced a second challenge grant of $255 million. Rotary again committed to raising another $100 million. In total, Rotary will raise $200 million by 30 June 2012.
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Between 2004 and 2009, Hewko worked as the vice-president for Operations and Compact Development for the Millennium Challenge Corporation [4] where he completed the negotiation of foreign assistance agreements with 18 countries totalling $6.3 billion for infrastructure, agriculture, water and sanitation, health and education projects.
Kalyan Banerjee was the President of Rotary International, one of the largest humanitarian service organizations in the world, for the year 2011–12.He took office on 1 July 2011 from Ray Klinginsmith. [2]
By 1910, at least 15 new clubs had begun in major cities. That August, the existing 16 Rotary Clubs held a national convention in Chicago. There they unanimously chose to unify as the National Association of Rotary Clubs. Eventually, the organization became the International Association of Rotary Clubs, helping to realize Harris's dream worldwide.