| FORM 990, PART V, LINE 2A: |
NUMBER OF EMPLOYEES ON W-3 THE NUMBER OF EMPLOYEES REPORTED IS THE TOTAL EMPLOYEE COUNT FROM THE FILING ORGANIZATION. WHILE ROTARY INTERNATIONAL IS THE COMMON PAYMASTER FOR ROTARY INTERNATIONAL AND THE ROTARY FOUNDATION OF ROTARY INTERNATIONAL (TRF), THE NUMBER OF EMPLOYEES DOES NOT INCLUDE THE EMPLOYEE COUNT FOR ROTARY INTERNATIONAL. |
| FORM 990, PART VI, SECTION A, LINE 6 |
ROTARY INTERNATIONAL (RI) IS THE SOLE MEMBER OF THE ROTARY FOUNDATION (TRF). |
| FORM 990, PART VI, SECTION A, LINE 7A |
ROTARY INTERNATIONAL (RI) IS THE SOLE MEMBER OF THE ROTARY FOUNDATION (TRF). ANNUALLY, THE RI PRESIDENT, WITH THE CONCURRENCE OF THE RI BOARD OF DIRECTORS, APPOINTS TRUSTEES OF TRF TO SUCCEED THOSE WHOSE TERMS ARE EXPIRING AND TO FILL ANY VACANCIES THAT HAVE OCCURRED. |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE ROTARY FOUNDATION'S FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. A DRAFT OF THE FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE AND THE CHIEF FINANCIAL OFFICER. UPON COMPLETING OF THE REVIEW PROCESS, THE RETURN IS PROVIDED TO THE TRUSTEES, SIGNED BY THE CFO AND FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C |
ALL TRUSTEES MUST DISCLOSE ANY FAMILY OR BUSINESS RELATIONSHIPS WITH OTHER TRUSTEES, ROTARY INTERNATIONAL DIRECTORS, KEY EMPLOYEES, OR HIGHEST COMPENSATED INDEPENDENT CONTRACTORS OF THE ROTARY FOUNDATION AS IDENTIFIED ANNUALLY BY THE GENERAL SECRETARY. TO COMPLY WITH THIS POLICY, TRUSTEES SUBMIT AN ANNUAL POTENTIAL CONFLICT OF INTEREST STATEMENT, ON WHICH THEY REPORT ANY PREVIOUSLY UNDISCLOSED POTENTIAL CONFLICTS OF INTEREST. THE ROTARY FOUNDATION EXECUTIVE COMMITTEE REVIEWS THESE REPORTS AND WORKS TO RESOLVE ANY ACTUAL OR POTENTIAL CONFLICTS. IF NO RESOLUTION IS REACHED, THE COMMITTEE REFERS THE MATTER TO THE BOARD OF TRUSTEES AND AN APPROPRIATE ACTION WILL BE TAKEN. A POTENTIAL CONFLICT OF INTEREST IS DEEMED TO EXIST IF A MAJORITY OF TRUSTEES VOTING REACH AN AFFIRMATIVE DECISION. THE TRUSTEE WITH THE POTENTIAL CONFLICT OF INTEREST SHALL NOT BE PRESENT FOR THE VOTE. KEY EMPLOYEES AND OTHER EMPLOYEES IN A POSITION OF INFLUENCE ARE ALSO REQUIRED TO MAKE ANNUAL CONFLICT OF INTEREST DISCLOSURES. |
| FORM 990, PART VI, SECTION B, LINE 15 |
ALL US EMPLOYEES ARE EMPLOYED BY ROTARY INTERNATIONAL (RI), A RELATED ORGANIZATION OF THE ROTARY FOUNDATION. THE GLOBAL PEOPLE & TALENT TEAM COLLECTS DATA ANNUALLY ON TOTAL COMPENSATION (I.E., BASE SALARY AND BENEFITS) FROM SEVERAL SOURCES, INCLUDING INDEPENDENT COMPENSATION CONSULTANTS, SALARY SURVEYS, PROFESSIONAL PUBLICATIONS, AND INFORMATION FROM SIMILAR ORGANIZATIONS IN THE SAME GEOGRAPHICAL AREA. THIS PROCESS IS CONTEMPORANEOUSLY DOCUMENTED AND WAS LAST UNDERTAKEN IN 2020. PEOPLE & TALENT PREPARES A REPORT FOR THE OPERATIONS REVIEW COMMITTEE ON THE SALARY RANGES FOR THE POSITIONS OF GENERAL SECRETARY (CEO), DEPUTY GENERAL SECRETARY, GENERAL MANAGERS, AND CHIEF INVESTMENTS OFFICER. THE OPERATIONS REVIEW COMMITTEE OF RI (ACTING AS A COMPENSATION ADVISORY COMMITTEE) RECEIVES AND REVIEWS THE REPORT ON COMPENSATION COMPARABILITY DATA, REVIEWS PAY RANGES RECOMMENDED, CONFIRMS THE REASONABLENESS OF COMPENSATION PROPOSED TO BE PAID IN THE COMING YEAR TO ROTARY'S DISQUALIFIED PERSONS, AND DOCUMENTS ANY EXCEPTIONS. THE OPERATIONS REVIEW COMMITTEE PROVIDE INFORMATION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL OF REVIEW SALARY RANGES AND SALARY INCREASE PARAMETERS FOR REASONABLENESS. THE EXECUTIVE COMMITTEE OF THE TRUSTEES OF THE ROTARY FOUNDATION (TRF) ALSO REVIEW FOR REASONABLENESS THE AMOUNTS PAID FOR THE SERVICES OF THE GENERAL SECRETARY (CEO), DEPUTY GENERAL SECRETARY, GENERAL MANAGERS, AND CHIEF INVESTMENTS OFFICER DURING THE NEXT YEAR, TO ASSURE THAT SUCH PAYMENTS ARE "REASONABLE," AS THAT TERM IS DEFINED IN THE REGULATION. THE GENERAL SECRETARY'S COMPENSATION IS BASED ON THE TERMS IN THE GENERAL SECRETARY'S CONTRACT. THE GENERAL SECRETARY APPROVES SALARY INCREASES FOR THE EXECUTIVE MANAGEMENT TEAM WITHIN THE SALARY RANGES APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE OF TRF TRUSTEES. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE ROTARY FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE, WWW.ROTARY.ORG. |
| FORM 990, PART XI, LINE 9: |
GAIN ON CASH SURRENDER VALUE OF INSURANCE 34,942. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -6,748,234. REVERSAL OF GRANT EXPENSES 6,241,203. ADJUSTMENT TO NET ASSETS -986. |
| FORM 990, PART VII, LINE 2: |
HIGHEST COMPENSATED EMPLOYEES THE HIGHEST COMPENSATED EMPLOYEES ARE DETERMINED BASED ON W-2 AMOUNTS FOR THE FILING AND RELATED ORGANIZATION, CONSISTENT WITH PRIOR YEAR. |
| FORM 990, PART IX, LINE 24A-D: |
-$6,779 OF THE AMOUNT FROM COLUMN (C) MANAGEMENT AND GENERAL EXPENSES RELATES TO UBI TAX. |
Attach to Form 990 or 990-EZ.