Solution:

The Rotary Foundation is a non-profit corporation that supports the efforts of Rotary International to achieve world understanding and peace through international humanitarian, educational, and cultural exchange programs.

It is supported solely by voluntary contributions from Rotarians and friends of the Foundation who share its vision of a better world.

The Foundation was created in 1917 by Rotary International’s sixth president, Arch C. Klumph, as an endowment fund for Rotary “to do good in the world.”

It has grown from an initial contribution of US$26.50 to more than US$1billion. It has one of the largest and most prestigious international fellowship programs in the world.