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Rotary Grant Committee      

Quarterly Report      

July-Sept, 2008

One of the major objectives of the Grant Committee in fiscal year 2008-2009 was to expand our grant donations to reduce the excessive treasury balance we had accumulated over the past few years.

That has been accomplished during the first quarter of the 2008-2009 fiscal year, perhaps somewhat excessively due to not being fully aware of other expenses occurring during that period. Nevertheless, we have accomplished our goal which began on July 1, 2008 with a treasury balance of $35,409.10. The total balance on September 30^th   is  $24,397.42, which does not include the last $6,500 of grants.

We provided total grants of $12, 950 during the first quarter. However, of that amount there was a $500 pre-known replacement into the treasury for the Officer Dave Mello donation of $1,000, and a late payment of a $2000 grant for Rotary International which was not paid during the previous year. Therefore, our budgeted fiscal grant payments were $10,450. Grants were given as follows:

M.O. Life, Inc                                                    500

Rush America                                                      700

Dartmouth Food Pantry                                    1,000

Standard-Times NIE   School Program                  50

Schwartz Center for Children (4^th Inst)              1,000

St. Lukes Hospital   (4^th Inst.)                            1,000

Dartmouth Education Found. - CFSEMA         1,000

Muscular Dystrophy Assoc  (Vasta)                    100

Dartmouth School Music Assoc  (ad)                  100

Officer Dave Mello Fund                                  1,000

Greater New Bedford Children's Fund             1,000

Zeiterion Theatre                                                500

Dartmouth YMCA Farm Project                      2,000

Rotary Int Pure Water Project 2008                 2,000

Rotary Int Pure Water Project 2009                 1,000

At this juncture we will return to providing grants within the budgetary parameters of maintaining an annual treasury balance of $10,000-$15,000.               

 How the money has been earmarked in the first quarter:

Needy                           Med Assistance             Rotary Int                      Education         

4,200 - 32%                3,100 - 24%                3,000 - 23%                1,150 - 9%     

Children Benefit                         Civic Enhancement                    Elderly Benefit

1,000 - 8%                              500 - 4%                                 0  -  0%