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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." .
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.
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.
Bill & Melinda Gates Foundation; Bilqees Sarwar Foundation; Blessing Bethlehem; Bloomberg Philanthropies; Bluey Day Foundation; Born This Way Foundation; Boys & Girls Clubs of America; Bread for the World; Bremen Overseas Research and Development Association; British Heart Foundation; Burroughs Wellcome Fund; Bush Foundation
The Giving Pledge is a charitable campaign, founded by Bill Gates and Warren Buffett, to encourage wealthy people to contribute a majority (i.e. more than 50%) of their wealth to philanthropic causes.
This page was last edited on 1 February 2023, at 21:48 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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.