What are Founders Pennies?
The tradition of giving pennies began in 1943. Clubs collected one penny for each year of Soroptimist’s existence and used that money to help re-establish clubs in Europe that had disbanded as a result of World War II. 1946 the fund was renamed the Founders Fund. This fund provided international fellowships, scholarships and other awards to improve the status of women. Beginning in the 1960s, Founders Pennies began funding for the Youth Citizenship Awards, and in 1972 for the Women’s Opportunity Awards (then called the Training Awards Program).
How are Founders Pennies used now?
Founders Pennies are now used to fund the Women’s Opportunity Awards and other critical SIA programs that improve the lives of women and girls in local communities and throughout the world. Founders Pennies represent approximately 10% of the funds needed for our programs.
How are Founders Pennies calculated?
Founder’s Pennies are set at $.06 per member for each year that SIA has been in existence.
Who gives Founders Pennies?
Founders Pennies are remitted to headquarters by each club. Clubs collect the pennies from their members and are usually submitted with club dues.
Are Founders Pennies mandatory?
Founders Pennies are a voluntary contribution from Soroptimist members remitted to headquarters by clubs. As with all contributions, Founders Pennies are not mandatory.
What kind of recognition is given for Founders Pennies contributions?
Regions are awarded a certificate of appreciation when all clubs in the region contribute to Founders Pennies between June 1 and May 31. Contributions for recognition are based on the number of members on record at headquarters as of the end of the recognition period (May 31). Additional recognition is given to the region that has the highest per capita contributions.