“The CART Fund provides dollars for innovated research to fight Alzheimer’s disease.”
Purpose
The purpose of the CART Fund (Coins for Alzheimer’s Research Trust) is to collect and provide dollars for leading edge research for the cure/prevention of Alzheimer’s disease (AD). It started in 1996 with Rotarians voluntarily empting their pockets and purses of change at weekly meetings.
Administration of the CART Trust Fund
The Fund is governed by a Board of Trustees composed of representatives from the Rotary districts that support the program. It is a 501(C)3 organization, Federal ID #31-1466051. The Fund is chartered as a nonprofit organization under the laws of the state of South Carolina.
Fund Management
All administrative expenses of the Fund are paid from interest earned from invested contributions. One hundred percent (100%) of donated funds go to cutting edge AD research as required by the by-laws of the Fund. Through 2013 the Fund had awarded over four million dollars in 22 grants to recognized research institutions.
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