2018 UEF Annual Report
The United Engineering Foundation (UEF) continued its robust tradition as a significant leader in the engineering community. The UEF maintained an endowment that closed 2018 with a fund balance of $17,270,130. This was significantly down from the $19,511,757 at the close of 2017. This decline was due to a very poor economic and investments conditions in last two months of 2018. In early 2019, the markets improved significantly, and the balance is over $18 million. This portfolio provided resources for the funding of additional grants in 2018 that demonstrated the UEF’s continued commitment to its vision of advancing the engineering arts and sciences for the welfare of humanity.