The Rotary International annual report for the year ending June 30, 2016 shows a net loss of $1.9 million compared to a loss of $12.3 million in the previous year.
Major factors in the loss were investment losses of $3 million and currency exchange losses of $1.2 million.
Meanwhile, the Rotary Foundation showed expenses exceeded income by $15.9 million for the same period compared to losses of $5.9 million in the previous year. The foundation is a totally separate corporation with its own board.
Rotarians pay $55 a year in dues to international, plus district dues. The three largest programs funded at international are:
--Programs and member services, $19.31 per member;
--IT, operations and admin, $11.44; and
--Communications, $8.57.
On the foundation side, of the $221 million in program awards, $115 million went to polio eradication and $70 million to global grants. Another $26 million was made available for district grants and only $5 million on administration.
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