NRCF

 
Newmark Rotary Charitable Foundation (NCRF)
 
Brian McMath gave the club an overview of the NRCF.  Its purpose is to assist the club in providing stability to the club’s charitable contributions. 
 
It was formed in 2002 and now has $1.3 million in assets.  The average return has been 6% over the past two years.  The NRCF supports activities in the areas of education, health and community support. 
 
Contributors may specify areas in which they would like their bequest to be applied.  The Burton family, for example, has specified that its contributions go to activities around disabilities.  It has distributed $300,000 since 2004.  It has a signature program that supports research grants around oncology.
 
 
Sponsors