The AEG Foundation's vision is to create a culture of giving back to the profession, and to instill complete confidence in donors that their money is well-invested and well-spent. Our core programs emphasize scholarship, research, and professional development to improve professional practice. We support outreach to increase the public's appreciation of environmental and engineering geology in geo-hazard evaluation and risk reduction.
The AEG Foundation was incorporated as a California non-profit charity in 1992, it is currently headquartered in South Carolina. The Foundation was started by three former AEG Presidents and during our 23-year history the assets have grown to the current amount of approximately $958,000 at the end of Fiscal Year 2015. The following table shows some of the major AEG Foundation activities.
|WHAT WE DO||OUTCOMES IN FISCAL YEAR 2015|
|Manage 10 scholarship funds that support students at both the undergraduate and graduate levels.||Awarded 22 scholarships with a total value of $26,200.|
|Fund research and continuing education programs for professionals through 7 grant funds.||Provided a $11,297 Legget Grant to AEG for the AEG Legacy Project, which digitized and uploaded old AEG Bulletin articles to the Geoscience World database.|
|Seek donations from engineering geologists and the public to support our programs and operations.||Donation income of over $76,110.|
|Support the promotion of environmental and engineering geology through support of the Jahns Lecturer.||Weathered a stock market downtown and ended the FY with assets of $958,602.|
- Our Federal Tax Identification Number is 94-3168991.
- Our California Registry of Charitable Trusts number is CT87308.
- Our California Corporation number is C1524975.
- Nine-member Board of Directors meets at the table twice a year and by telephone conference several times a year. Directors donate their time and expenses to attend board meetings.
- Board governance includes: formal agendas and minutes, annual budget process, annual accounting reviews by a CPA who also prepares tax/information returns, contract part-time Operations Manager, Director's Handbook, and Fund Charters that set fund operating criteria and goals for every fund. Books are kept on the accrual basis and in accordance with nonprofit accounting standards.
- We maintain Directors and Officers insurance, and general liability insurance.
- We have and follow Board Policies on Investment, Conflict of Interest, Compliance, Expense Reimbursement, Anti-harassment, Whistleblower, Document Retention, Board Member Expectations, Foundation Gift Acceptance, and Donor Privacy.
- Member: Colorado Nonprofit Association, Member # 37495
- Member: California Association of Nonprofits, Member # 7329
- We file these tax and information returns:
- Federal form 990
- California form 199
- California form RRF-1, Attorney General's Registry of Charitable Trusts
- California Secretary of State form 100
- Listed in GuideStar (May be listed under the original name: Engineering Geology Foundation.