2026-05-15T17:45:47-05:00 2025-06-30 952302617 SINGERLEWAK LLP 160 W SANTA CLARA ST STE 600 SAN JOSE CA 95113 990 2024-07-01 770508944 LOS GATOS ROTARY SCHOLARSHIP FUND LOSG 4083851210 PO BOX 1018 LOS GATOS CA 95031 DANIEL SNYDER ASSISTANT TREASURER 4087726394 2026-05-15 1 1 JEROME BELLOTTI P00846805 4082943924 2026-05-15 2024 2025-03-06 01:10:19Z RAMON WARE POBOX 1018 LOS GATOS CA 95031 124009 0 X N/A X 1998 CA ORGANIZATION GRANTS COLLEGE SCHOLARSHIPS TO DESERVING HIGH SCHOOL STUDENTS. 5 5 0 153 0 0 67865 4775 0 0 165560 93870 0 76 233425 98721 50000 50000 0 0 0 0 0 0 0 1327 3568 51327 53568 182098 45153 2097287 2140946 0 0 2097287 2140946 ENDOWMENT TO PROVIDE COLLEGE SCHOLARSHIPS TO LOS GATOS AND SAN JOSE YOUTH. 0 0 50000 50000 COLLEGE SCHOLARSHIPS ARE GIVEN TO DESERVING HIGH SCHOOL STUDENTS. 50000 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 CA X DANIEL SNYDER 4083151210 PO BOX 1018 LOS GATOS CA 95031 X JOHN COLWELL DIRECTOR/SECRETARY 0.50 X X 0 0 0 JEFFREY BARNETT DIRECTOR 0.50 X 0 0 0 RAMON WARE DIRECTOR/TREASURER 0.50 X X 0 0 0 HENRY VITKOVICH DIRECTOR/CHAIRMAN 0.50 X X 0 0 0 SKIP BREWSTER DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 4775 4775 57887 57887 61271 25288 35983 35983 35983 OTHER INCOME 900099 76 76 76 98721 0 0 93946 50000 50000 3488 3488 MISC. EXPENSE 80 80 53568 50000 3568 0 267645 138810 1829642 2002136 2097287 2140946 0 0 X 2097287 2140946 2097287 2140946 2097287 2140946 45153 -1494 0 X 0 0 0 X 0 61273 6080 67865 4775 139993 61273 6080 67865 4775 139993 41324 98669 121738 48173 50991 52691 93870 367463 507456 0.19440 0.21210 X PART II, SECTION C, LINE 17A, FACTS AND CIRCUMSTANCES TEST: BACKGROUND LOS GATOS ROTARY SCHOLARSHIP FUND IS A NONPROFIT ORGANIZATION DESCRIBED UNDER SECTION [501(C)(3)] OF THE INTERNAL REVENUE CODE, ESTABLISHED FOR THE PURPOSE OF CHARITY. THE ORGANIZATION CONDUCTS ITS ACTIVITIES PRIMARILY THROUGH THE SCHOLARSHIP PROGRAM. SOURCES OF FINANCIAL SUPPORT DURING THE ABOVE-REFERENCED TAX YEAR(S), A SUBSTANTIAL PORTION OF THE ORGANIZATION'S TOTAL REVENUE WAS DERIVED FROM INVESTMENT INCOME, INCLUDING BUT NOT LIMITED TO DIVIDENDS, INTEREST, AND REALIZED/UNREALIZED GAINS FROM A DIVERSIFIED PORTFOLIO OF ASSETS HELD BY THE ORGANIZATION. THIS CONCENTRATION OF INVESTMENT INCOME IS ATTRIBUTABLE TO THE ORGANIZATION'S ENDOWMENT AND RESERVE FUNDS, WHICH HAVE BEEN ACCUMULATED OVER TIME THROUGH PRIOR CONTRIBUTIONS, BEQUESTS, AND PRUDENT FINANCIAL MANAGEMENT. THESE FUNDS ARE ACTIVELY MANAGED TO ENSURE LONG-TERM SUSTAINABILITY AND TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSES. REASON FOR INVESTMENT INCOME CONCENTRATION THE ORGANIZATION'S RELIANCE ON INVESTMENT INCOME IS THE RESULT OF SEVERAL FACTORS, INCLUDING: STRATEGIC FINANCIAL STEWARDSHIP: THE ORGANIZATION MAINTAINS AN INVESTMENT PORTFOLIO TO ENSURE A STABLE AND PREDICTABLE FUNDING BASE FOR ITS PROGRAMS, PARTICULARLY DURING PERIODS WHEN CONTRIBUTIONS OR GRANTS MAY FLUCTUATE. ENDOWMENT-BASED MODEL: A SIGNIFICANT PORTION OF THE ORGANIZATION'S ASSETS CONSISTS OF DONOR-RESTRICTED OR BOARD-DESIGNATED ENDOWMENT FUNDS INTENDED TO GENERATE ONGOING INCOME. TIMING OF CONTRIBUTIONS: CONTRIBUTIONS AND GRANTS MAY VARY YEAR-TO-YEAR, RESULTING IN PERIODS WHERE INVESTMENT INCOME REPRESENTS A LARGER PERCENTAGE OF TOTAL SUPPORT. MARKET PERFORMANCE: FAVORABLE INVESTMENT RETURNS DURING THE YEAR INCREASED THE RELATIVE PROPORTION OF INCOME DERIVED FROM INVESTMENTS. ONGOING PUBLIC SUPPORT AND ACTIVITIES DESPITE THE HIGHER PROPORTION OF INVESTMENT INCOME IN THE APPLICABLE YEAR(S), THE ORGANIZATION: CONTINUES TO ACTIVELY SOLICIT AND RECEIVE CONTRIBUTIONS FROM THE GENERAL PUBLIC, GOVERNMENTAL ENTITIES, AND OTHER CHARITABLE ORGANIZATIONS. MAINTAINS ONGOING PROGRAMMATIC ACTIVITIES THAT DIRECTLY FURTHER ITS EXEMPT PURPOSES. ENGAGES IN FUNDRAISING EFFORTS AND OUTREACH INITIATIVES DESIGNED TO BROADEN ITS BASE OF PUBLIC SUPPORT. OPERATES IN A MANNER CONSISTENT WITH ORGANIZATIONS THAT ARE PUBLICLY SUPPORTED, WITH GOVERNANCE AND PROGRAMS ALIGNED TO SERVE PUBLIC RATHER THAN PRIVATE INTERESTS. CONCLUSION THE ORGANIZATION'S LEVEL OF INVESTMENT INCOME DURING THE REFERENCED PERIOD REFLECTS TEMPORARY FINANCIAL CONDITIONS AND PRUDENT ASSET MANAGEMENT, RATHER THAN A SHIFT IN ITS FUNDAMENTAL CHARACTER OR OPERATIONAL MODEL. THE ORGANIZATION REMAINS COMMITTED TO CARRYING OUT ITS EXEMPT PURPOSES AND MAINTAINING A BROAD BASE OF PUBLIC SUPPORT OVER TIME. 0 1829642 133606 92376 50000 3488 2002136 1041329 67865 770448 50000 1829642 1001492 6080 52424 44500 3075 1041329 943232 61273 47762 46250 4525 1001492 863370 8036 121738 47500 2412 943232 1.00000 0 0 0 1 VARIOUS CASH GRANTS TOTALLING LESS THAN $5,000 EACH. 10 50000 PART I, LINE 2: THE ORGANIZATION IS FOLLOWING THE PROCEDURE BY LAW: A PARTY ELIGIBLE FOR A SCHOLARSHIP GRANT IS ANY PERSON (A) WHO IS OR HAS BEEN REGULARLY ENROLLED AS A FULL-TIME STUDENT AS A HIGH SCHOOL WITHIN THE LOCALE OF LOS GATOS, OR (B) WHO RESIDES IN THE LOS GATOS AREA AND ATTENDS OR HAS ATTENDED HIGH SCHOOL OUTSIDE THE LOCALE OF LOS GATOS. FORM 990, PART VI, SECTION B, LINE 11B TREASURER REVIEWS DOCUMENTS AND THEN PROVIDES TO THE GOVERNING BODY. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVILABLE UPON WRITTEN REQUEST. ROTARY INTERNATIONAL LOS GATOS PO BOX 1018 LOS GATOS CA 95031 946077344 TO ENCOURAGE AND FOSTER THE IDEAL OF SERVICE AS A BASIS OF WORTHY ENTERPRISE CA 501(C)(4) 0 LOS GATOS ROTARY CHARITIES FOUNDATION PO BOX 1018 LOS GATOS CA 95031 770198926 TO SECURE DONATIONS FOR OTHER CHARITABLE ORGANIZATIONS IN FURTHERANCE CA 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0