EMPOWER PERPETUATE GROW LEGACY NURTURE ENCOURAGE ADVANCE SUSTAIN NURTURE ENCOURAGE ADVANCE SUSTAIN

History  Founded in 1994  The Foundation’s assets are permanently endowed  Endowment distributions evaluated annually  Typically 5% of assets distributed each year  $10,000,000 in assets at the end of 2013

Mission  Provides permanent funding to support ASHRAE  $3.5 M in scholarship endowments for tomorrow’s HVAC&R engineers  Supports continuing education of HVAC&R engineers in the field  $1.5 M in endowments for research

Giving  Where does the money come from?  You…majority of Foundation support is from individuals  Gifts of all sizes welcome  Tax advantages of giving  Professional Foundation staff to assist you

Foundation Fundraising  Raised $200,000 for the Lynn G. Bellenger scholarship  Created two chapter scholarships totaling $120,000  Life Member Fundraising plan  Publish monthly electronic newsletter on Foundation initiatives  Respond to requests for information on estate and gift planning from members  Oversee administration of completed estate gifts

Scholarships  $129,000 in scholarships awarded in 2013/2014  Scholarships awarded both at Society and Chapter level  $60,000 minimum gift to endow a chapter scholarship  $100,000 minimum gift to endow scholarships from individuals, corporations or foundations  Donors can set scholarship selection criteria  Invested by the Foundation’s professional money manager  Scholarship selection overseen by Scholarship Trustees  Total endowed principal amount for all scholarships $2,796,600 in 2013/2014

ASHRAE Learning Institute  ALI trains HVAC&R engineers in the field  Use traditional instructor-based as well as self-directed studies  Foundation support allowed ALI to develop online learning module  ALI still needs to charge tuition for materials  Increasing the ALI endowment will expand learning opportunities  The total amount granted to ALI for 2013/2014 was $110,000

Research Endowment  Research permits ongoing technical advances  Important projects that advance the profession  Positions ASHRAE as the unsurpassed leader in HVAC&R standards  Endowment relieves pressure for annual RP Campaign  Total endowed principal for 2013/2014 period was $1,498,300  Research endowments distributed $57,400 in 2013/2014 to support the RP Campaign

Contact Us… Margaret Smith, Foundation Manager /