About The Foundation

On October 27, 2009 the IRS approved the Saddlebrooke Rotary Club Foundation, Inc. as a 501C3 Tax Exempt Charity. It was formed by members of the Saddlebrooke Rotary Club (organized 12 years earlier in 1997) to provide fiduciary management of funds and to encourage donors by offering a vehicle for donations that would qualify for tax deductions.

Once organized, the operations of the annual Fore For Kids Golf Tournament were shifted into the Foundation. Over the next 15 years the Foundation would receive, manage, and distribute grants approaching $40,000 per year or over $600,000 benefitting local students and community organizations.

Today, the Foundation receives many types of donations in addition to tournament income. Members and others wishing to honor a loved one have often chosen the Foundation as the manager of memorial donations. Individual members wishing to support the work of the Foundation with special bequests or donations have also selected the Foundation. One such memorial was the establishment of a permanently restricted scholarship endowment fund, The Harlan Nygaard Endodwment Fund. This fund provides annual contributions to augment the funds that have been designated for academic scholarships. This year the fund will contribute over $3,000 and thus finance a Harlan Nygaard Scholarship for a deserving area high school graduate.

Officers

President, Paul Herr Vice President, Bill Demeroutis Treasurer, Joe Guyton Secretary, Fred Lowy Investment Committee Chairman, Ed Treick