CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.
|CharityWatch rates the public charity entity of Rotary International, The Rotary Foundation, Tax ID#36-3245072. CharityWatch's rating also includes the financial activities of the Foundation's associate foundations in Australia, Brazil, Canada, Germany, India, Japan and the United Kingdom. CharityWatch's rating does not include the financial activities of the 34,000 local Rotary Clubs located across the globe that are supported by Rotary International and the Rotary Foundation.|
|According to The Rotary Foundation tax filing for the fiscal year ending June 30, 2015 regarding Highest Compensated Employees:|
"The Rotary Foundation has a highest compensated employee at its office in Zurich, Switzerland, which is currently undisclosed due to potential infringement of local data privacy laws. Salaries for staff at the international offices are established in their local currency and translated to US dollars for reporting purposes, resulting in potentially large fluctuations in the US dollar reportable equivalent for compensation" (IRS Form 990, Schedule J, Part III).
CharityWatch has confirmed with The Rotary Foundation that this highest compensated employee at the Switzerland office referenced above had total compensation in fiscal 2015 that was less than the Foundation's third highest salary of $263,036 [see the "Salaries" Tab].
|According to The Rotary Foundation of Rotary International (the Foundation) audit of 6/30/2015, Note G - The Bill & Melinda Gates Foundation Grant:|
"Beginning in the fiscal year 2008, the Foundation entered into a grant agreement with the Bill & Melinda Gates Foundation (BMGF) to support the global polio eradication initiative. The intent of the grant agreement is to strengthen the Foundation's leadership in working with other organizations, such as the United Nations Children's Fund, the Centers for Disease Control and the World Health Organization, in pursuit of the eradication of polio throughout the world..."
"Through the six-year period ended 30 June 2013, the Foundation received the total grant award of $355,120 from BMGF... The addendum had provisions whereby the Foundation was responsible for separately raising $200,000 by 30 June 2012, which was accomplished by 31 December 2011."
"In September 2011, the Foundation and BMGF signed an addendum to the agreement for an additional grant award from BMGF of $50,090 subject to revised contingencies. The contingencies to the September 2011 grant award were met in October 2012..."
"In June 2013, the Foundation and BMGF signed another addendum for an additional grant award from BMGF of up to $350,000 subject to revised contingencies. The addendum provides a 2:1 match for new spending from non-BMGF funds, with a match of up to $70,000 per calendar year for five years..."