rotary

Milton-Freewater Rotary Club 294 heard a status report from Baker Boyer Bank’s John Mathwich, trust adviser, and John Cunnison, senior portfolio manager, on the Ross and Helen Lee Scholarship Fund the club established in 1988, reported Rotarian Robby Robbins.

Jim Swayne organized and sponsored the project. The endowment fund was named after and honors Past District Governor Ross Lee and wife Helen for their many contributions to Rotary.

The original intent of the project was to build a fund that would, in time, provide all of the scholarship funds from the interest generated; the principal could remain in the trust.

“We have reached that goal and the trust continues to grow,” Robby said.

Income from the perpetual trust is dedicated to providing college scholarship assistance to McLoughlin Union High School graduates, Robby said.

A Fellowship is awarded for each contribution of $1,000 to the Endowment Fund. The Fellowship can be in the name of the donor or in the name of another person whom the donor wishes to honor.

A Sustaining Member plan has been established for those who pledge a total of $1,000 contribution with a payment of at least $100 per year. Contributions to the Endowment Fund may be made by Rotarians or non-Rotarians.

The club has presented 38 Ross Lee Fellow awards since the fund was established.

John Cunnison discussed the current financial environment and how Rotary’s trust portfolio is balanced with U.S. and international stocks, bonds and U.S. dollars for a well-diversified portfolio that provides better returns for the club.

Through the years, Rotarians have hosted Rotary Youth Exchange students who come to Milton-Freewater for the school year. The club also sends students from this area overseas through the program.

Currently, Lina Kim from Pusan, South Korea, is the inbound Rotary Youth Exchange student. Lilee Roggow and Ian Miller are candidates for the 2018 Outbound Rotary Youth Exchange.

At a recent meeting, members heard from outbound Rotary Youth Exchange student Kaitlynne Jensen via a letter she wrote about her first few months in France. She’s visited castles, including one down the street from her host family, and tried new cuisine, and said she’s eager for more new adventures.

Members meet at 11:45 a.m. Tuesdays in the Milton-Freewater Community Building, 109 N.E. Fifth St., for a luncheon meeting with a program that includes a guest speaker. For more information, contact Robby at 541-938-6523 or robby@valint.net.

Etcetera appears in daily and Sunday editions. Annie Charnley Eveland can be reached at annieeveland@wwub.com or afternoons at 526-8313. 

Annie joined the U-B news staff in 1979 and since 1990 has written Etcetera, a daily community column. She was promoted to a copy editing post in 2007. She edits copy, designs and lays out pages, including the weekly arts and entertainment guide Marquee,

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