The Rotary Foundation financials
Rotarians continued to support The Rotary Foundation with increased contributions over the previous year.
The Annual Programs Fund (APF) received contributions of $107.7 million on top of another year of strong support to Rotary’s US$200 Million Challenge. Ten countries and geographical areas — Australia, Canada, Hong Kong, Japan, Korea, Mexico, Nigeria, Taiwan, Thailand, and the United States — exceeded the Every Rotarian, Every Year initiative’s worldwide $100 per capita goal. Permanent Fund contributions of $16.3 million increased 55 percent from $10.5 million in fiscal 2009-10. PolioPlus received $78.9 million in contributions to support the Global Polio Eradication Initiative, including $40.0 million from the Gates Foundation. Total contributions of $208.5 million do not include $13.3 million in flow-through funds received.
Program spending decreased by $36.3 million over the previous year, primarily due to a decrease in PolioPlus program awards of $42.5 million. Spending on global and district grants totaled $19.1 million in the first year of the Future Vision pilot. Total program spending for fiscal 2010-11 was $168.6 million, which included $77.9 million of PolioPlus program awards and operations. Program awards of $150.2 million were spent directly on humanitarian programs, polio eradication, educational programs, and other programs.
Fund development expenses were $17.5 million for fiscal 2010-11 and general administration expenses were $5.7 million for fiscal 2010-11. Over the past 10 years, 88 percent of the Foundation’s total spending was for programs, which compares favorably with the minimum industry standard of 65 percent.
Foundation net assets
The Foundation’s net assets increased by $137.5 million over the previous year, primarily due to net investment returns and the increased generosity of Rotarians.