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Program Funding Options

Most of the Society's programs and services are funded through the annual operating budget. In instances where the project may not have been identified in time for the budget cycle, or programs that are cross-functional in nature and require start-up funding, the leadership is committed to making other funding sources available, where possible.

Funding Sources Eligible Projects Approval Limits Procedures Timeframe Source of Funds
ASME Development Fund

Included, but not limited to:


Feasability Studies

Experimental, Embryonic or Prototype Programs

Feasibility Studies:
Up to $25,000
ED & Pres

Over $25,000
ED, COFI & BOG

Projects/Programs:
Up to $50,000
ED & Pres

Over $50,000
ED, COFI & BOG

Development Fund Request Form

Out of traditional budget cycle Industry and voluntary contributions from the membership
ASME Foundation Grants

Included but not limited to:

Technical Literacy

 



Career Planning & Skills Development

Technologically Sound Public Policy

Minimum: $20,000


BOG responsible for recommending categorized list; categorization is delegated by BOG to SMC.

SMC provides recommendation to Foundation Board of Trustees.

Foundation Board of Trustees recommend to Foundation Board of Directors.

Final Decision: Foundation Board of Directors

See Page (3)


P-2.11

June —November ASME Foundation Capital Campaign;
Corporate and individual contributions
Strategic Priorities Grant Fund (SPGF)

Strategic Initiatives identified by the BOG to ensure annual new program development; broad- based cross sector proposals

 

Up to $50,000:
Grant Management Committee (GMC)
Recommends to President & Executive Director

 

Over $50,000:
GMC recommends to ASME BOG

  

SPGF Application Form

Submission Calendar /
Upcoming Deadline Date:

Sept. 9, 2008

(pending approved available funding)

On-going; Considered quarterly

 

 

 

 

 

Surplus in fund balance —
percentage of previous years operating budget, set by the BOG


Contacts
Have questions? Contact Customer Service at:
E-mail: infocentral@asme.org
Phone: 1-800-843-2763
or 1-973-882-1170
Mexico: 001-800-843-2763 Fax: 1-973-882-1717

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