ANNUAL REPORT – 2011
Founded in 1904, the United Engineering
Foundation has continued as an important and widely recognized contributor to
the engineering profession. Its evolution to its current focus on being a grant
making institution led to its 2011 portfolio of grants that together demonstrate
support of creating interest in the profession, education, inclusivity, technology,
public policy, professional development and more.
In 2010 the Board of Trustees approved
eight grants for 2011 that together responded to a broad set of needs of the
engineering profession. These grants, actually funded in 2011 totaled $687,500,
are as follows:
- $147,000 to AIME, with ASCE, ASME,
AIChE, and IEEE as partners, to fund the Carbon & Energy Management Technology
Conference (using the Off- shore Technology Conference model) and the Carbon
- $50,000 to WGBH to support the
development of DESIGN SQUAD: Invent It, an integrated multi-media project
of the PBS engineering television series targeted to 9 to 12-year olds and
designed to attract them to engineering.
- $38,000 to ASME to support a
collaborative effort among a number of engineering societies including ASCE,
AIChE, ASME and IEEE-USA to host an Engineering Public Policy Symposium in
- $100,000 to Engineers Week as
a leadership grant for the National Engineers Week Future City Competition:
The New Generation for the development of a new portal and new curriculum
- $150,000 to ASME with IEEE and
Engineers Without Borders to support a joint effort to produce an Engineers
for Change Knowledge Repository, an on-line platform from key partners databases.
- $65,000 to AIChE to support a
collaborative effort of the Engineers Forum on Sustainability to build an
interdisciplinary outreach network for sustainable development for the engineering
- $47,000 to AIME, with ASCE, ASME,
AIChE and IEEE as partners, to further expand the accessibility for the Emerging
Leaders Alliance by development of on-demand, online content.
- $90,500 to the University of Houston to formulate and
implement a sustainable public radio program of “Invenciones de Nuestra Inventiva”
employing KUHF’s “Engineers of Our Ingenuity”.
In mid-2011, the Grants Committee
reviewed 35 concept papers totaling over $3 million and invited 11 full proposals
for consideration. The Committee reviewed the resulting proposals that totaled
nearly $1.1 million and then submitted a prioritized list to the full Board
of Trustees for review and approval. The Board approved funding 8 grants in
2012 for a total of $645,000 as follows:
- $88,000 to AAES to fund a facilitated
engineering society summit to develop a shared vision for engineering societies
and determine the best way that AAES may then support that vision.
- $22,000 to IEEE-USA as grantee
for a collaborative one-day workshop with major engineering and scientific
societies to explore the impact and effectiveness of funds expended on the
- $46,000 to WGBH in support of
Design Squad: Informal Pathways to Engineering – a research effort
to determine the diverse pathways Children take while pursuing an interest
- $138,000 to the National Academy
of Engineering to create broader awareness and use by the engineering community
of new, more effective messaging about engineering including “Changing the
- $148,000 to ASME with IEEE and
Engineers Without Borders to support two Engineering For Change projects:
building a Solutions Library and developing the E4C Learning Center.
- $28,000 to ASME to support a collaborative
effort among a number of engineering societies including ASCE, AIChE, ASME
and IEEE-USA to host an Engineering Public Policy Symposium in 2012.
- $83,000 to AIChE to support an
effort of the Carbon Management Project to develop tools to add clarity to
the sustainability knowledge base including Life Cycle Assessments.
- $92,000 to the University of Houston
to continue building and increasing the use of a sustainable public radio
program of “Invenciones de Nuestra Inventiva” employing KUHF’s “Engineers
of Our Ingenuity”.
The Foundation’s financial
position experienced a decrease in unrestricted net assets of $1.2 million during
2011. This was driven by the weak financial markets and the requirement imposed
on the UEF, as a private foundation, to give at least a minimum dollar value
of grants independent of investment earnings.
From an operating perspective, a
major activity during 2011 was the process of considering a large number of
potential investment managers for the Foundations portfolio. The Board interviewed
finalists and ultimately selected the Glenmede Trust. Transition of the portofolio
occurred in October.
As we look forward into 2012, the
United Engineering Foundation’s vision “to advance the engineering arts and
sciences for the welfare of humanity” continues. The Foundation remains committed
to operate as an efficient and lean organization in order to maximize the number
and size of its grants for the greater engineering community. In so doing the
United Engineering Foundation squarely meets its mission “to support engineering
and education by, among other means, making grants.”
Audited 2011 FINANCIAL
STATEMENTS are not included in the website version.
2011 UEF OFFICERS, TRUSTEES,
STAFF AND ADVISORS
Vice President and Trustee:
Treasurer and Trustee:
Dennis R. Martenson
Robert T. Simmons
David L. Belden
Michael E. Karmis
Henry T. Kohlbrand
Thomas G. Loughlin
Patrick J. Natale
E. James Prendergast
Dan J. Thoma
June C. Wispelwey
Director & Secretary:
& Duffalo, P.C.
Davidoff & Malito, LLP
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