Milford Rotary Club Foundation

The Milford Rotary Club Foundation is a 501(c)(3) nonprofit organization based in Milford, New Hampshire. Established in 1999 as the Milford Rotary Club Community Fund, it was later renamed to its current title in 2009. The foundation operates under the broader mission of the Milford Rotary Club, which has been serving the communities of Milford, Amherst, Mont Vernon, Lyndeborough, and Wilton since 1950.

Mission and Activities

The foundation's primary objective is to support charitable, educational, and scientific initiatives within the local community. A significant portion of its funds (about 80%) is directed towards local causes, focusing on youth development, education, and human services. The remaining 20% supports international projects aimed at improving lives worldwide[1].

The foundation has been instrumental in various community projects. For instance, it played a key role in funding Milford's Centennial Park and continues to support its maintenance[1]. Additionally, the foundation aids local organizations such as the Boys & Girls Club of the Souhegan Valley, Bridges: Domestic and Sexual Violence Support, and Home Health & Hospice Care[1].

Financial Overview

As a nonprofit, the Milford Rotary Club Foundation relies on contributions, fundraising activities, and investment income. It operates without executive compensation, professional fundraising fees, or other salaries, ensuring that all resources are dedicated to charitable causes[2]. The foundation manages substantial assets and occasionally engages in sales of assets to further its goals[2].

Governance

The foundation is managed by a board of seven trustees, all of whom are members of the Milford Rotary Club. These trustees oversee the investment of funds and compliance with the foundation's bylaws. Donations are directed by the Milford Rotary Board of Directors, ensuring that community needs are met effectively[1].

Impact

The Milford Rotary Club Foundation has contributed significantly to local initiatives. It provides annual scholarships worth between $35,000 and $50,000 and has donated over $125,000 to the Boys & Girls Club alone[3]. In 2023, the foundation disbursed $160,982 in grants further demonstrating its commitment to charitable causes[5].

[1] https://portal.clubrunner.ca/2944/sitepage/milford-rotary-club-foundation [2] https://projects.propublica.org/nonprofits/organizations/20512441 [3] https://portal.clubrunner.ca/2944/sitepage/about-our-club/milford-rotary-club-welcome-and-overview [4] https://www.guidestar.org/profile/02-0512441 [5] https://www.instrumentl.com/990-report/milford-rotary-club-foundation