Trustees lower recognition point transfer minimum
The Rotary Foundation Board of Trustees voted to establish a 100-point minimum for the transfer of Foundation recognition points, effective 1 July
In April, The Rotary Foundation Board of Trustees voted to establish a 100-point minimum for the transfer of Foundation recognition points, effective 1 July.
"The Trustees had consideration for all Rotarians globally who have and use recognition points," says Louis Piconi, vice chairman of the Trustees Fund Development Committee. "We are hopeful that the new 100-point minimum will encourage Rotarians to use their points to foster new contributions and further support club and district leaders in achieving fund development goals."
Recognition points are credits that donors receive for contributions to the Foundation that can be transferred among Rotary accounts. Individuals, clubs, and districts can transfer as many points as they have to other individual accounts to increase others' donor recognition amounts, or level of donor recognition.
As of 1 July, points may only be transferred in transactions of 100 points or more, and individual donors will be the only ones authorized to transfer points from their individual accounts. Club presidents and district governors may no longer authorize point transfers for other individuals, but they may continue to authorize transfers from their club or district accounts.
Also, as of 1 July, individual points will expire upon the death of the donor, or the death of the surviving spouse of a Major Donor. (Major Donors have contributed US$10,000 or more to the Foundation.)
Donors begin to earn points after they qualify for Paul Harris Fellow Recognition . They accrue one recognition point for each U.S. dollar contributed to the Foundation's Annual Programs Fund, PolioPlus, or approved Matching Grant. Donors receive Paul Harris Fellow Recognition once they have contributed $1,000 or have 1,000 points transferred to them, or once the sum of their cash contributions and points equals 1,000.
Donors may use their points to help a family member, friend, or other Rotarian achieve Paul Harris Fellow Recognition. Points cannot be transferred to a club or district. Gifts made to the Permanent Fund or Rotary International programs are not eligible for recognition points.
To transfer points, fill out the Recognition Transfer Request Form
. The form will be updated on 1 July to reflect the changes to the Foundation recognition points policy.