For the past 28 years, the Rotary clubs of Woodinville and of Northshore have co-owned

and operated the Northshore Scholarship Foundation. The assets have grown from $5,661 in 1984 to

$1,123,889 in 2012.

The Foundation and Rotary clubs combined have awarded a total of $2,006,870 in tuition

scholarships to 1,499 graduates of our Woodinville, SAS, Inglemoor and Bothell high

schools, and to students enrolled at Cascadia Community College and the

University of Washington Bothell.

Five specialProjects

Unique toWoodinvilleRotary

Service Above Self

Scholarships:

College tuition grants that Make a Difference for college

4 51

Today we explore the connection between

Northshore Scholarship Foundation

Woodinville Rotary Club1987-2012

NorthshoreScholarshipFoundation

Establishedby the

NorthshoreRotary Club

1984-2012

1984

The nine Founding Rotarian trustees were Phil Carter, Lowell Haynes, John B. Hughes,

John Lloyd, Egon Molbak, Bob Munro, Bill Renn, Marv Workman and Al Zweber.

NorthshoreScholarshipFoundation

The initial assetbase was only

$5,661

1984-2012

1984

Comprised of four small memorial funds

Northshore Rotary contributed $12,000 in 1984

Woodinville Rotary established a club account in 1988 with contributions

totaling $15,000

Achievements – Looking at 28 YearsWoodinvil

le Rotary

WoodinvilleRotary

1,499

$2,006,870

$1,123,889

The number of scholarships awardedby the Foundation and Service ClubsThe value of those scholarships

Assets as of May 1, 2012

$1,592,486 Total contributions to the Foundation

The Foundation’s investment portfolio is monitored according to a specific policy developed by the Investment Committee and approved by the Board of Trustees. Larry Leonardson, Steve Dolan and Eric Greenwood serve on the committee.

Investment strategies are developed by counselors Robb Carter and Andrew Erisman

of Freestone Capital Management. Management is with seven fund managers.

Funds are deposited with Fidelity Brokerage Services and in a Banner

Bank money market account.

Since becoming an owner in 1988, Woodinville Rotary has invested

nearly $600,000 in the Foundation and providing scholarships.

 

Scholarship awards paid by the club and donations made to establish 7 scholarship-producing accounts in the Foundation total $591,010 … or roughly 26 per cent of Woodinville Rotary charitable giving over the last 25 years.

The club’s estimated charitable giving

over that period will have totaled $2.266 million.Our 2012 Red, White & Brew Party

charity fundraiser in October will add to that impressive total.

Since 1988, Woodinville Rotary Club has contributed $179,270 to establish accounts providing scholarship dollars for…

Woodinville Rotary Club Marv Workman Business at UW Bothell Jerry Wilmot UWB Masters of Business Peg Phillips Theater Arts 21 Acres Sustainable Living Education

Betsey Mental Health Advocacy

Marv Cook Memorial Math

WoodinvilleRotary

These seven accounts fundedby Woodinville Rotary are among

51 scholarship-granting accounts maintained by the Foundation.

Realistically, however, it would take a $50,000 investment for the account to annually generate the $1500 required to meet the minimum scholarship value for grants provided by the Foundation.

The Foundation requires a minimum contribution of $25,000 to open an account.

Woodinville Rotary has awarded 317 scholarships since 1988

Recipients of 2011 Scholarships at WHS

Of all the scholarship awards made by and through the Foundation over its 28 year history….20.5 per cent was paid for by

Woodinville Rotary charity fundraising work.

By having established the seven accounts, Woodinville Rotary has made it possible to offer as many as five or six additional scholarships each year in addition to the 317 the club has directly paid for over the 25-year period.

Jerry Wilmot

Peg Phillips

Marv Workman

Betsey Hughes

Marv Cook

Woodinville Rotary’s involvement in scholarships and the Foundation is not limited to numbers and process. The most rewarding element clearly is the satisfaction of hearing of the progress being made by the recipients of our scholarships and how tuition support has helped individuals follow their dream of gaining a college education or obtaining career-shaping vocational training.  We were introduced to two of them as members of Bernadette Bascom's Music Project. They are both SAS graduates who entered the Running Start program at Cascadia Community College and are advancing to four-year schools.

 Throughout this presentation, I will be asking Rotarians who serve as Foundation trustees to share what each recipient wrote about

“giving back to their community” – taken from the student’s application for renewal.

We would like to share the words of six recipients of Foundation scholarships – all of them juniors in college – who will be awarded renewable scholarships this month. These have been renewable for either two or four years.

 

All maintain cumulative GPAs ranging from 3.22 to 3.92

Daniel HoweInglemoor Graduate

Recipient of the Janet & Gordon Livengood memorial scholarship.

Scholarship renewal funded by the Foundation

Majoring in Urban Studies at Yale College

Tutors for underserved students in New Haven, Connecticut

Northshore ScholarshipFoundation

For academic years 2012-2013, 60 students will receive $132,500 in scholarships…… $31,000 directly from Woodinville Rotary in new and renewed grants for 7 students.

On May 22nd, the Foundation will hold its28th annual recognition breakfast at the Northshore Senior Center to present scholarship grants to 60 recipients.

The scholarshipswill be used by the recipients for tuition costs commencing in August and September for academic year 2012-2013.

Of the 60 scholarships, 14 will be paid by the owners of the Foundation --- Northshore Rotary, Woodinville Rotary and

Kiwanis Club of Northshore. That amount is $45,000. The money is raised by the clubs and distributed to their selected recipients through the offices of the scholarship foundation.

The $31,000 is part of our Woodinville club’s 2012 charitable giving plan -- $13,000 is for 3 renewals and $18,000 for 4 new scholarships, two of which are renewable.

Northshore Rotary will award five and contribute $10,000.

 

Kiwanis of Northshore will award two and contribute $4,000.

Seven of the 14 scholarships are paid by Woodinville Rotary – totaling $31,000.

 

The other 46 scholarships are funded through a combination of --

Distribution of the Foundation’s assets

Donations from sponsoring families or organizations to meet $1,500 minimum scholarship value Grants from other Foundations

Aurora PetersonBothell Graduate

Recipient of Richard C, Worthington Memorial Citizenship Award

Scholarship renewal funded by Foundation

Majoring in Sociology at Western Washington University

Guest reader at Bear Creek and Maywood Hills elementaries

Although Woodinville Rotary is but a

one-third owner, it is the most supportive and active of the three clubs. How are we involved?  

Woodinville Rotarians were members of the organizing trustees our organizing president Bill Renn, our first president Marv Workman and our present president John Hughes. 

Five of our members serve as trustees with Eric Greenwood elected vice president and Steve Dolan treasurer. Larry Leonardson is a past president of the Foundation and serves on the Investment Committee. Becky Clark is a member of the Communications Committee and Tana Baumler serves on the Community Relations Committee.   John Hughes serves as executive director.

At the May 22 breakfast, Woodinville Rotary will have the most members active in putting on the event. At least 15 volunteers are needed from Woodinville. 

How you can become involved!

Woodinville Rotarians participate on a number of teams needed to interview our scholarship candidates each year. In addition to making the selection of recipients of Woodinville Rotary-sponsored scholarships, the club has the responsibility to interview candidates and select recipients of the Karen Forys Memorial Scholarship and of the Arvid K. Pride family renewable scholarships. This year’s selection teams included Karen McDonald, Bob Platte, Pam Johnstone, Gary Whitsell, John Abbott, Max Zellweger, Becky Clark, Tana Baumler, Jeff Lair, John Hughes.

Rotarians will be asked to help with the Wilmot and Workman scholarship selections at UW Bothell later this year.

Maren TalcottWoodinville Graduate

Recipient of the Arvid K. Pride Family ScholarshipScholarship renewal funded by Foundation

Majoring in elementary education at Washington State University.

Incredibly passionate about teaching kindergarten.

Savannah GuillenWoodinville Graduate

Recipient of the Arvid K. Pride Family ScholarshipScholarship renewal funded by Foundation

Majoring in zoology at WSU, semester abroad in France

Veterinary medicine is her goal. Able to explore the world.

Each fall, the trustees of the foundation determine a percentage of the Foundation’s total assets that will be distributed the following year for scholarships.

The average distribution has been from 4.5 per cent to 6.5 per cent in recent

years, depending on the portfolio earnings and growth.

 The Foundation dollars are then distributed to each of the 51 accounts in the Foundation, based on the percentage each has of the total shares of all 51 accounts.

In 2011, for instance, Woodinville Rotary’s 303.8 shares represented 1.9 per cent of the total shares. This generated $1,028 available to Woodinville Rotary in 2012.

Karen Forys

In contrast, the Karen Forys Memorial account, with 449 shares ($44,900 in contributions and accruals) represented 2.8 per cent of all Foundation shares and generated $1,524 for a scholarship award.

The Foundation requires that scholarships be awarded at a minimum value of $1,500. Should the distribution of dollars to the account be less than that amount, the sponsor has the option of paying the balance (or shortfall to $1500) or not award a scholarship in that year and carryforward the amount distributed to be used the following year.

Without sponsor support, the Marv Cook Math scholarship might be issued but once every three years until the account balance is increased.

Marv Cook was a popular math teacher at Woodinville High

School who died of a heart attack in 2002.

Heidi SchaubleSecondary Academy for Success (SAS) graduate

Cascadia Community College Graduate

Recipient of a third Woodinville Rotary Make the Difference Scholarship

Renewal funded by Woodinville Rotary Club

Majoring in Society. Ethics and Human Behavior at UW Bothell

Hopes to work in education advocacy and administration

Maddie WilliamsSecondary Academy for Success (SAS) graduate

Cascadia Community College Graduate

Recipient of a third Woodinville Rotary Make the Difference Scholarship

Renewal funded by Woodinville Rotary Club

Accepted at University of Washington, Montlake Branch

Will major in psychology. Will seek PhD in clinical psychology.

Volunteering to help the homeless and the mentally ill.

WoodinvilleRotary Club

Our community's job does not end with high school

graduation!1984-2012

and theNorthshoreScholarshipFoundation

Scholarships:one of 5 specialprojects

Unique toWoodinvilleRotary