TODAY'S PROGRAM: Our Foundation - RFL
Club members and RFL board members Dennis Gambs, Rich Goldstein, and Philomena Rambo gave us an overview of the Rotarian Foundation of Livermore (RFL).
Founded in 1987, RFL is a 501(c)(3) nonprofit organization that is comprised of members from both Rotary clubs in Livermore - our club (Livermore Valley) and the noon club (Livermore). Our two clubs share the governance and work of the Foundation, allowing us to pool our resources to support our community. Note that Rotary clubs are not able to accept donations that can be tax deductible. The RFL, as a 501(c)(3), allows that benefit, thereby encouraging more generous donations to support our community.
Members of both clubs are invited to participate in RFL committees and volunteer for RFL projects in an ongoing manner. Members are also invited to serve on the RFL Board: 15 members each serve a 3-year term, with a maximum of two back-to-back terms allowed at once. As board members leave, new members from the clubs step up to take their turn at Foundation leadership. In addition, each current club president sits on the RFL Board during the year of their presidency.
During an extended Strategic Planning session in 2022-23, a new Strategic Plan was developed, fleshed out over several additional committee meetings, and approved by the full Board in April 2023. As part of the Strategic Plan, RFL re-committed to its Vision and Mission, defined its Values, and established workable goals.
- Vision: The quality of life of Livermore Valley residents is sustainably improved by the philanthropy of the Rotarian Foundation of Livermore
- Mission: The Rotarian Foundation of Livermore awards grants to Livermore Valley charitable organizations, underwrites Rotary projects, and provides financial support to benefit the diverse residents of the Livermore Valley.
- Values: Community, Education, Equity, Innovation, Integrity, Respect, Service, Teamwork
Over the years, the RFL has improved the quality of life in Livermore through its projects, including the Community Grants that, in 2024, awarded over $200,000 to a total of 28 community organizations.
An investment committee, with support of a Finance Officer, works with a Financial Management firm to manage and grow RFL funds. This year, the investment committee is chaired by Marc Roberts, the Finance Officer is Dick Fields, and Rich Goldstein is part of the outside financial team that RFL pays to manage its money. Board Treasurer, Irving Stowers, works with Audrey Horning, CPA to maintain accurate books and fulfill the obligations of a 501(c)(3) organization.
In 2021, longtime Rotarian and local veterinarian Dr. Martin Plone passed away and bequeathed a substantial portion of his estate to RFL. Thanks to Marty's generosity, the Foundation's assets doubled. Today, we have a healthy financial picture and are seeking ways of investing further to support our community.
If you would like to learn more about RFL, please reach out to any of today's speakers or current RFL Board Members.