| The GRSP Endowment Fund
In the late 1970s and 80s, there was a great concern among the GRSP Trustees about the expenses of this student scholarship program. What would the future hold? Would we be prepared to handle the demands financially?
Three visionary Rotarians, Norm Shipley (Rotary Club of Marietta), Marshall Weaver (Rotary Club of Atlanta) and Gordon Bonderrant (Rome Rotary Club) convinced the Trustees to establish a fund that would supplement the annual contributions of each Georgia Rotarian from each Rotary Club to the Program.
The first Endowment Committee Chairman was Marshall Weaver. After the untimely death of Marshall Weaver, Trustee Ronnie Waller (Gainesville Rotary Club) was asked to chair the Endowment Committee.
Tom Bryan (Rotary Club of Jefferson) followed Ronnie as Endowment Chairman in 1986. Then in 1989, Frank Bentley, Sr. (Rotary Club of Sandy Springs), became Endowment Chairman.
As a result of the chairmen’s leadership and support from the Trustees and Rotarians through out Georgia, the Endowment Fund now stands at $9 million. The earnings each year from the Endowment help supplement scholarship funds provided by individual Rotary Clubs for our students.
It is important that we continue to grow the Endowment as the cost of scholarships is ever increasing. With additional income it will allow us to continue, or increase, the total number of students each year by reducing the total scholarship cost to the sponsoring Rotary clubs.