Berkeley Rotary Club B E R K E

Berkeley Rotary Club B E R K E L E Y R O T A R Y E N D O W M E N T ANNUAL REPORTING MEETING OF MEMBERS Wednesday, October 2, 2013 1

Mission Statement Berkeley Rotary Endowment will seek to improve the quality of life and to promote the well-being of the members of our local and international communities' through charitable giving activities and sponsorship 2

Endowment Board Members (11) 1. Chris Ahoy, Chair 2. Josh Oliver, Vice Chair 3. Pat Mc. Millan, Secretary 4. Tom Olson, Treasurer 5. Grier Graff, (Club President) 6. O’Neil Dillon, (Club President-Elect) 7. Phil Henry, (Club Immediate Past President) 8. Manjul Batra, (Investment Committee Chair) 9. Antonia Sweet, (Investment Committee Vice Chair) 10. Allen Leggett, 11. Leslie Levy Kirk Hauch, (Grants Coordinator) 3

Meetings 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. The new administration July 17, 2013, Second Meeting held August 20, 2013 Third Meeting held September 17, 2013 Annual Report to Berkeley Rotary Club Oct 2, 2013 Fifth Meeting scheduled November 26, 2019 Sixth Meeting scheduled January 28, 2014 Seventh Meeting scheduled March 25, 2014 Eighth Meeting scheduled May 27, 2014 June 11 th Request nomination from floor at the Club meeting. Election of new Endowment Board of Trustee members July 22, 2014 New Endowment Board of Trustees 4

Actions 1. Protect Corpus Funds 2. Make Sound Investment 3. Consolidate Fund Accounting 1. Permanent Fund 2. Spendable Reserve Fund 3. Current Fund 4. Support Project /Scholarship Funding 5. Review Grants/ Scholarship Requests and Approval Process 6. Continuous Quality Improvements (CQI) 7. Established Restricted Funds 5

BRE Responsibilities 1. 2. 3. 4. 5. 6. 7. 8. 9. To maintain the 501(c)(3) status in accordance with California and Federal Law To keep endowment books To invest and manage the corpus funds To build the corpus To develop and implement a plan for long term giving To ensure donated and designated monies are spent in a manner consistent with intent of the beneficiary Manage restricted fund accounting (6) To meet with the Club Board for discussion of proposed projects in order to select the projects and approve the funding To comply with all other responsibilities as outlined in the bylaws of the Berkeley Rotary Endowment 6

Investment Committee Manjul Batra, Chair 7

Investment Committee 2013 -2014 1. 2. 3. 4. 5. 6. Manjul Batra, Chair Antonia Sweet, Vice Chair Chris Ahoy Josh Oliver Tom Olson Pat Mc. Millan 8

Investment Policy 1. To preserve the capital of the permanent fund 2. To grow purchasing power in the face of inflation 3. To produce income from investment that can be used for the purposes to support club, community, national and international projects and scholarships 9

Investment Committee Activities • The First Investment Committee meeting was at Manjul Batra’s Office, Cooperative Realty/Janta Inc. , 1316 University Avenue, Berkeley, California 94703 on Wednesday, July 12, 2012, at 2: 00 pm. • The Second Investment Committee meeting was held at his Lordship’s Restaurant on August 15, 2012 after the regular luncheon meeting. • The third Investment Committee meeting was held at Epworth Methodist Church, 1953 Hopkins Street, Adult Study Room at 5. 15 PM on Thursday Aug 23, 2012. 10

Investment Committee Activities 1. The First Investment Committee meeting was at Manjul Batra’s Office, Cooperative Realty/Janta Inc. , 1316 University Avenue, Berkeley, California 94703 on Thursday, April 1, 2013, at 4: 00 pm. 2. The Second Investment Committee meeting was at Manjul Batra’s Office, Cooperative Realty/Janta Inc. , 1316 University Avenue, Berkeley, California 94703 on Monday, September 16, 2013, at 4: 00 pm. 11

Treasurer’s Report Tom Olson 12

The Berkeley Rotary Endowment Balance Sheet As of June 30, 2013 Assets Cash in Bank Schwab-Spendable Reserve 2901 Wells Fargo-Roto Care Wells Fargo-Chacala Project Wells Fargo-Racetrack Literacy Wells Fargo BORP Total Cash In Bank $228, 656. 29 $11, 616. 56 $5, 621. 41 $12, 215. 73 $6, 971. 82 $265, 081. 81 Investment Accounts Bay Commercial Bank (Corpus) Bay Commercial Bank direct deposits Schwab Current Funds 4172 Schwab Major Corpus 3243 Investment Total Investment Accounts $100, 761. 84 $325. 48 $12, 524. 68 $188, 520. 96 $32, 943. 23 $335, 076. 19 Funds Receivable Lutheran Church of the Cross/Ye Total Funds Receivable Total Assets $2, 300. 00 $, 2, 300. 00 $602, 458. 00 13

BERKELEY ROTARY ENDOWMENT Treasurer's Report for Fiscal Year Ended 6/30/2013 LIABILITES AND BUDGETED FUNDS & FUND BALANCE Liabilities Budgeted Funds-BORP Total Liabilities $6, 971. 82 Budgeted Scholarship Funds BRC Heather Raine Arnett Scholarship James Reynolds Scholarship Total Budgeted Scholarship Funds $6, 250. 00 $11, 600. 00 $22, 553. 82 $40. 403. 82 Fund Balance Other Restricted Funds $9, 721. 00 Permanent Fund Permanent Endowment Fund Total Permanent Fund $314, 035. 00 $314, 035. 00 Retained Earnings Total Retained Earnings Net Income Total Equity Total Fund Balance Total Liabilities &Budgeted Funds & Fund Balance $169, 519. 62 $61, 806. 74 $231, 326. 35 $555, 082. 36 $602, 458. 00 14

Grants/Projects Kirk Hauch Grier Graff 15

Berkeley Rotary Endowment $100, 000 in grants this year 2013 -2014 this is where it comes from Individual contributions + Fund raising Individual contributions + Endowment earnings Individual contributions – earmarked 30% 25% Fund Raising (Kite Festival + Race Track) District Grants (Rota. Care Richmond) 30% 15%

Berkeley Rotary Endowment $65, 000 - in grants this year 2013 -2014 $31, 000 - nine 4 year students scholarships $15, 000 - Rota. Care district grant this is where it goes Community projects Youth Scholarships Rotaract/Interact International service 25% 15% 39% 7% 14%

Berkeley Rotary Projects for 2013 -2014 18

Thank You Questions and Answers 19

20