Dennis Morgan, Medford Rotary Foundation President, presided over the Foundation’s Annual Meeting with Club members. Dennis informed members of the history of the Medford Rotary Foundation, which was founded in 1923. In 1947, the club began an informal student loan program. In the early 1960’s it had evolved into a formal scholarship grant program. During the last 45 years approximately 1.5M in grants have been awarded by the foundation.