[Rotary] TO FORGIVE IS DIVINE Vote YES

JPorter631 at aol.com JPorter631 at aol.com
Mon Oct 6 20:24:25 PDT 2014


     
 
Should Rotary Club of Mendocino Waive Pay Back of  Loan?
 
Rotary Club loaned Rotary Foundation its $29,000  

If we do not waive the obligation to Pay Back the  loan
We must plan two or more fund-raisers and pay nearly all  proceeds to the 
Rotary Foundation
 
 How many of you have the energy to do  that?
 
 Will not that make it impossible to  devote  much money to our Avenues of 
Service?
 
 But if Rotary Club informs the Foundation it need  not pay back that 
$29,000 then
The Foundation has enough  money to buy the Park (it is doing it now) and 
would be able to pay some  maintenance costs, insurance and start putting 
down  the paving  stones
 
The Club would be free to use its funds it has in income  for the 
Avenues of Service and Scholarships.
If  we raise as much as we did last year from Casino Night this coming   
March, we will have $15,000 for the above Rotary’s   Avenues of  Service 
including Scholarships.  More if we have a Raffle or other  fundraiser.
 
This available income does NOT include $17,000 savings  we have in a CD.
 
That vote will benefit
The Foundation  which will be relieved of a $26,000  obligation.

Rotary Club will be more free  to use its income for Scholarships,     
grants and  other Avenues of service.
 
  The Community will be better off. It will  have Rotary Park plus the 
benefit of  other service  projects
 
I will vote to waive the Club’s loan to the  Foundation.  I ask you to do 
likewise.
John  Porter
 
Some have said, “ But the club gave the Foundation  $20,000 in the last 
year beside the $26K  Loan.      $46,000 is a LOT.  We need some  back for 
Avenues of Service.
 
WAIT !!   The Fdn is not a foreign  corporation. It is US !!  What is 
easier than forgiving a debt to  oneself? And it feels so GOOD !!   Vote   YES  !!

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