ASME Develop Fund Process

Please use this page to locate information regarding

• The Source of Development Funds
• Process for Submission and Review

An Overview of the ASME Development Fund Process

The Development Fund is intended to support projects and programs that are thought to be worthwhile with long-term benefit to the Society, but where the response and reception are not yet known. Any project is eligible for consideration as long as it provides a benefit to mechanical engineering and/or the Society. Funds are intended to permit a project or program to be tested prior to inclusion in the annual operating budget. In no case will Development Funds be used to augment existing, operating General Fund programs.

The Source of Development Funds

Established in the 1950s, from contributions from industry to undertake projects of a developmental nature. Since 1971 voluntary contributions from members have been added to the fund. Special transfers from the Society’s Contingency Reserve Fund as recommended to the Committee on Finance and Investment to the Board of Governors.