This week at Rotary... 

SALEM ROTARY

ROB LUTTS

Scholarship Foundation Update

 

This week at Rotary we once again heard from our own Rob Lutts,  He gave an update on the Rotary Scholarship Foundation, as well as a presentation regarding markets and innovation in our economy.
 
As of March 1, 2024 the Scholarship Foundation Endowment Fund is well over $1.25 million. The scholarship payout from the Endowment Fund was $39,405 this year. The Endowment Fund itself started with an initial $7,000 investment by the Salem Rotary. It has grown through investment and donations. Over $478,000 in donations have been given out over these years. Rob says that the policy is to always give out 3.5% of the fund each year. Recipients will be here June 11. 
 
In Rob's assessment, the economy is much stronger than you may have been led to believe. The United States is in a great position compared to the rest of the world. Immigration, when handled correctly, is a great advantage as more young people are what really drives economic development. As always, he gave his six themes offering great wealth creation. They are productivity tools, Artificial Intelligence, Transportation Systems, Digital Enablers- Blockchain, Battery Recycling, the Metaverse, and Energy Storage like Solar and Wind. Yes, he has SEVEN themes for his "Six Themes" section, so we all got a theme for free. Thanks Rob!
 
Rob reviewed the significantly increased power of chips running all of our technology, leading to computer performance to surpass human performance. Productivity is higher as a result because companies can do more than less. This new efficiency is now found in technology and manufacturing, impacting pretty much all aspects of life today. 
 
Rob believes that the innovation cycle will accelerate, possibly a decade or longer. We can expect more digital innovation in all industries. Costs will be driven lower and company profits will grow. More industries will experience dramatic changes, specifically transportation, energy, health care, manufacturing, banking, and agriculture.  
 
President Jen Close was proud to announce that the Salem Rotary made over $27,000 at the auction. Incoming President Carolyn Shapiro announced the Board of Directors for the next Rotary year have been chosen. Alex Sanchez will be Vice President. The writer of the Spoke promises to set a very low bar of performance for him. 
 
AS THE ROTARY WORLD TURNS...
 
DISTRICT CONFERENCE AT THE MUSEUM OF SCIENCE
 
District Conference May 4.  Join us at the Boston Museum of Science!   Celebrate a Rotary year of Creating Hope in the World.
 
Start your conference experience at 3:00 pm with Watson Adventures' Scavenger Hunt through the Museum of Science by working in teams of 6.  You can create your own team of 6 or be joined with others. 
 
At 5:00 pm when the Museum, closes we'll be escorted to a private room for hors d'oeuvres, dinner and awards.  Plus a special presentation - D7930 Creating Hope in the World.  
 
Price is $225 per person - includes parking at the museum garage, admission, scavenger hunt, food and awards.  Cash bar will be available.  Register here.  I look forward to seeing you there!  

RYLA 2024 Applications are now live! DEADLINE APRIL 12!!

We are excited to share applications for RYLA can be found on this year’s Linktree page: https://linktr.ee/ryla2024. This year, we are excited for the first time to join forces with District 7950 and their students and are welcoming up to five students from every town, until spots fill up.So be sure to have students apply soon!
 
As you begin to share applications with students, we are ready to visit any interested clubs, to share the new video and a little more about RYLA. Please email Christina Harris, or call her at 978.270.6706.  Thank you again for your support of the RYLA program!

Visiting Rotarians & Guests

Tyler and Killian Burns. Tyler is a potential future Salem Rotarian and a terrible raffle picker. 
Type caption here

Calendar Winner!

Ely Leonard sold by Sherry Leonard

50:50 Raffle

Pot $1875
Claire Kallelis played. No winners this week!

ROTARIAN NEWS

  • Carolyn Shapiro shared that today is the second anniversary of the Real Pirates of Salem Museum. Congratulations!
  • Kristen Armstrong shared that her son Luke is lucky because his brother Jack drove him to Philly for Wrestlemania. There was no fighting on the trip, but that changed immediately upon their return from the City of Brotherly Love. Coincidence???? 
  • Doc Eisner drove to Vermont close to the Canadian border to watch the eclipse. No word on the traffic.
  • Gerrit Bradley missed several meetings because his father went skiing out in Colorado and, like a good son, Gerrit tagged along to make sure his father was healthy. He came back and to ski some more. Now he is limping. No Salem Rotarian offered any sort of condolences for his pain. Seperately, the spring birding at Halibut Point in Rockport is fantastic. 
  • Rinus Oosthoek noted that Salem was recognized the Lt Governor who will be taking some of our practices to the Commonwealth level. Also, the Salem Cleanup on Canal Street is coming up on April 20. April 25 is Career Fair at Salem High School. 

UPCOMING EVENTS

Stay Tuned...
 
Upcoming Speakers
Apr 09, 2024
Salem Rotary Education Foundation/ State of the economy
Apr 16, 2024
Trades of Hope Partner
Apr 23, 2024
Update on whay's happening at the high school and the plans for a new Jr. High / Sr. High
View entire list
Birthdays 
Member Birthdays
Richard Moore
April 17
 
Michael McLaughlin
April 19
 
Gerrit Bradley
April 21
 
Sue O'Brien
April 22
 
Board of Directors
President
 
President Elect
 
Vice President
 
Immediate Past President
 
Treasurer
 
Secretary
 
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Membership
 
Foundation
 
Public Image Chair
 
Service Chair
 
Webmaster
 
Club Information
Tuesdays at 12:15 PM
Hawthorne Hotel
18 Washington Square
Salem, MA 01970
United States of America
NOTE: The fourth Tuesday of the month is an evening meeting, beginning at 5:15. If you are interested in learning more about Salem Rotary, please email president@salemrotary.com.
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