2019 UEF Annual Report
The tradition as a significant leader in the engineering community has continued for the United Engineering Foundation (UEF). These efforts contribute to the visibility and advancement of the engineering profession and to society. The UEF maintained an endowment that closed 2019 with a fund balance of $19,141,349. This was a significant increase from the $17,270,130 at the close of 2018. This significant increase was due to a very positive economy throughout 2019. In 2020, the markets took a major hit in the early months of the year however conditions improved throughout the summer and the fund balance was $18,590,837 at the close of July 2020. This portfolio provided resources for the funding of additional grants in 2019 that demonstrated the UEF’s continued commitment to its vision of advancing the engineering arts and sciences for the welfare of humanity.