Professional Documents
Culture Documents
2005-2006
THE ASME FOUNDATION 2005-2006
ith notable support from ASME members, The ASME The Foundation completed the third year of its Planned Giv-
W Foundation played a key role in furthering the goals of
the mechanical engineering community. In 2005-2006, The
ing Initiative, welcoming five members into the Archimedes
Club, which now contains a total of 46 members.
ASME Foundation awarded scholarships, provided grants
for education and engineering advocacy, and supported The annual appeal raised $43,180 from 228 donors, includ-
honors and awards recognizing outstanding service and ing an employer-based matching gift for volunteer service
achievement. K. Keith Roe chaired The ASME Foundation, from ExxonMobil Foundation and anonymous donations of
providing excellent leadership. $245 made through Network for Good. This year the appeal
was expanded to include a solicitation of lapsed donors
Among numerous activities and programs carried out in the who had not made a recent gift to the Foundation. The
2006 fiscal year, The ASME Foundation adopted a three- solicitation drew further donations allowing The ASME
year development plan, which will guide the Foundation’s Foundation to fund one additional scholarship.
growth through 2009. The five areas of focus in the plan are
planned giving services, an annual appeal, endowment and Lynden F. Davis completed a generous pledge which the
Fund development, administering The ASME Foundation Foundation will use to enhance the ASME Student Section
Grant Program, and a targeted fundraising effort to create Advisor Award. This gift expands an existing endowment to
longer-term support for the ASME Federal Government Fel- provide additional recognition for outstanding ASME stu-
lowship Program. To help achieve this ambitious plan, the dent section advisors.
Foundation committed financial support to fund the Foun-
dation Development Office with its first full-time director of The estate of longtime ASME member Harvey A. Wagner
Development. included a generous bequest, which will be used to estab-
lish a fund for the ASME Old Guard. The Foundation works
with the Old Guard to enhance its fundraising efforts, includ-
ing offering Old Guard donors the convenience of making
on-line contributions using the Foundation’s website.
Planned Giving
In FY06, the Planned Giving Initiative continued its steady
growth. The Archimedes Club, the Foundation’s Planned
Giving recognition group, held special events in San Fran-
cisco and Orlando to honor members as well as build
awareness among potential donors. During 2005-2006,
thoughtful donors arranged two unique planned gift vehi-
cles – prepaid life insurance policies and Charitable Remain-
der Annuity Trusts. By using the Foundation’s planned gift
program, far-sighted supporters of The ASME Foundation
have cemented their plans to leave a legacy of support for
mechanical engineering for years into the future. To date,
more than $3 million in planned gifts has been pledged or
realized by The ASME Foundation.
The ASME Foundation is proud to support FIRST by collaborat-
ing with the ASME Auxiliary in awarding $50,000 in scholar-
The Foundation provides the expertise to help individuals
ships to high school seniors who excel in their participation on
a FIRST team. and their advisors take advantage of the benefits of planned
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giving. Going forward, seminars on estate planning will be
held in conjunction with ASME meetings, so more mem-
bers can learn about the various aspects of planned giving.
As the Planned Giving Program grows and matures, the
benefits to donors and the profession will become increas-
ingly apparent and significant.
Grants
Four Foundation grants totaling $230,000 were awarded for
Honorees at the 2005 Honors Assembly, with William W. Durgin,
2006. These awards were created from capital campaign 2005 chair of the ASME Committee on Honors (back row, third
contributions and also from the Orr Fund, established in the from left); Virgil R. Carter, ASME executive director (back row,
memory of valued ASME member Leighton Orr. fourth from left), and Richard E. Feigel, ASME president (seated,
third from right).
Programs funded included the Federal Government Fellow-
ship Program, Industry-Focused Engineering Student and their honor that provides $10,000 in awards for five years.
Early Career Engineer Development Program, Product and The first scholarship from the newly funded Power Division
Marketing Enhancement of the ASME Professional Practice Scholarship was awarded in the amount of $2,500.
Curriculum, and Support of Engineering Faculty Develop-
ment Workshop. William Adams supplemented the Named Living Endow-
ment that he and his wife created with an additional gift
A special grant from the ASME Development Fund to and increased the size of the scholarship to $2,500
launch a campaign for developing longer-term support of annually.
ASME Federal Government fellows was awarded to the
Foundation at the end of FY06. This will cover the
expenses of a three-year fundraising campaign to be Honors and Awards
launched in FY07 to raise operational and endowment The Foundation funded the ASME Honors and Awards pro-
funding for this program. gram, which provides recognition for service and achieve-
ment in specific areas of mechanical engineering. A
highlight of the Honors and Awards program was the
Scholarships and Loans Honors Assembly at the 2005 ASME International Mechan-
The Foundation awarded a total of $200,500 in undergradu- ical Engineering Congress in Orlando, Fla.
ate and graduate scholarships in 2005-2006. The funds
came from the Foundation’s scholarship program and the
Clarke Scholarship Fund, which is given jointly with the Board Members
ASME Auxiliary. For the fifth year, the Bruce J. Heim Foun- Susan H. Skemp and P.J. “Jim” Adam Jr. completed terms
dation provided a $1,500 scholarship for a graduate student as members of the Board of Directors in 2006. The board
whose work furthers space exploration. The family of Frank is pleased to welcome Ward O. Winer as a new director for
and Faye Masino awarded the third of five scholarships in 2006-2009.
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SCHOLARSHIPS
The Kenneth Andrew Roe Scholarship Marco Brusa, Milwaukee School of Lorne Bowman, Virginia Polytechnic
1 award at $10,000 Engineering Institute & State University
Melissa Bollbach, Virginia Commonwealth Kira Kembre, University of Cincinnati Brett Layton, Virginia Polytechnic Institute &
University Eric Robinson, Central Michigan University State University
David Hoffert, University of Wisconsin, Michelle Desidero, Virginia Polytechnic
The Melvin R. Green Scholarship Madison Institute & State University
2 awards at $3,500 each Clifford Smit, Tri State University Zachary Curran, Pennsylvania State
Samantha Rawlings, University of Hartford Stacey Dupre, Louisiana State University University
David Muecke, University of Denver Martin Nolan, City College of New York Joshua Orlowski, Pennsylvania State
The Garland Duncan Scholarship The John and Elsa Gracik Scholarship University
2 awards at $3,500 each 18 awards at $1,500 each Elizabeth Dahm, Pennsylvania State
Adam Madlinger, Massachusetts Institute Terrance McGuire, University of Cincinnati University
of Technology Amelia Stein, SUNY Institute of Technology Gregory Ames, New Jersey Institute of
Eric Clifft, Rose-Hulman Institute of Erica McCay, Oregon Institute of Technology
Technology Technology Derek Edwards, New Jersey Institute of
Matthew Zedler, Massachusetts Institute of Technology
The American Electric Power
Technology Gregory Creighton, New Jersey Institute of
Scholarship
Philip Schloss, University of Missouri, Rolla Technology
1 award at $2,500
Alexandru Popescu, University of Detroit, Taylor Feldmann, Minnesota State
Amul Sathe, University of Michigan, Ann University
Arbor Mercy
Sarah Kelly, Iowa State University Brooke McKelvogue, Minnesota State
The William J. and Marijane E. Adams Dylan Kingsley, University of Colorado at University
Jr. Scholarship Boulder Adam Himmer, Minnesota State University
1 award at $2,500 Timothy Deppen, University of Illinois, Katie Davis, University of Alabama
Kyle Cormany, California Polytechnic State Urbana-Champaign Robert Phillips, University of Alabama
University Christine Lowry, Rochester Institute of Molly Denman, University of Alabama
Technology
The F. W. “Beich” Beichley Scholarship ASME-ASME Auxiliary FIRST Clarke
Todd Lagus, University of Minnesota
1 award at $2,000 Scholarship
Grace Madden, University of Texas at El
Patrick Fletcher, University of Louisville Paso 10 awards at $5,000 each
The Stephen T. Kugle Scholarship Hannah Dillon, St. Martin’s University Christopher Domanti, Fairport High School,
1 award at $2,000 Jeffrey Schlosser, Georgia Institute of Fairport, N.Y.
Erin Keys, University of Texas at Austin Technology William S. Goehringer, Dulaney High
Taylor Stockton, Oregon Institute of School, Lutherville, Md.
The Frank and Faye Masino Scholarship Technology Roy J. Gross, North Penn High School,
1 award at $2,000 Andrew Butcher, California Maritime Lansdale, Pa.
Paul Tychsen, Milwaukee School of Academy Grant G. Hanson, Memorial High School,
Engineering James Kang, Southern Methodist Tulsa, Okla.
The Frank William and Dorothy Given University Matthew R. Jones, Clover High School,
Miller ASME Auxiliary Scholarship Jessica Gmeinder, Rochester Institute of Clover, S.C.
2 awards at $1,500 each Technology Chase J. Kramer, George Washington High
Bryan Coley, University of Alabama, Power Division Scholarship School, Philadelphia, Pa.
Tuscaloosa 1 award at $2,500 Nathaniel A. Laverdure, Chantilly High
Jay Johnson, University of Missouri, Rolla Meredith Caldwell, University of Alabama, School, Oak Hill, Va.
Tuscaloosa Malia Paloian, Xavier College Preparatory,
The ASME Foundation Scholarship Chandler, Ariz.
17 awards at $1,500 each The Robert F. Sammataro Pressure Brian Plattenburg, Wheeler High School,
Arian Vistamehr, Texas A&M University Vessel Piping (PVP) Division Memorial Marietta, Ga.
Gbenga Ogunleye, Louisiana State Scholarship Brian Schmalzried, McDowell High School,
University 1 award at $1,000 Erie, Pa.
Eduardo Navarrete Tolento, Universidad Brian Fellon, Drexel University
Nacional Autónoma de México Graduate Student Fellowships
The Bruce J. Heim Foundation 4 awards at $5,000 each
Pierre-David Letourneu, McGill University (Graduate) Scholarship
Jason De Stigter, Dordt College Douglas Bristow, University of Illinois,
1 award at $1,500
Peter Krenzke, Valparaiso University Urbana-Champaign
Antonius Nusawardhana, Purdue University Anne-Marie Lerner, Georgia Institute of
Brandon Haws, University of California,
Santa Barbara 2005 Clarke Scholarship (awarded Technology
Katherine Sweet, Olivet Nazarene jointly with the ASME Auxiliary) Enrico Manes, Purdue University
University $6,000 awards to each of five colleges for Joshua Vaughan, Georgia Institute of
Travis Turnbull, Texas Tech University 2005 freshmen Technology
Oumar Barry, Ryerson University (Canada)
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HONOR ROLL OF DONORS
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THE ASME FOUNDATION
ARCHIMEDES CLUB
Members of ASME and supporters of The ASME Foundation, past and present,
who leverage the future of the mechanical engineering profession with a
planned gift, are recognized as members of the Archimedes Club.
S I LV E R Chor Tan
Harvey Wagner MEMBERS
P.J. Adam Jr. John Mihm, Chair
Robert Cepluch George C. Wiedersum Caecilia M. Gotama
Lynden F. Davis Robert Wurtz Duane P. Jordan
K. Keith Roe
Nancy and Roland Fitzroy Allen F. Rhodes
St. Clair Luzzi MEMBER Lynden F. Davis
Elizabeth C. Barna Joseph Falcon
Carol and Allen Rhodes
Janet and John Swanson James Coaker
John Corcoran ASME
Linda Kloeblen Tang and Thomas Tang Judith Kearney
Mary Evans Stowell Thompson John Elter Warren R. Leonard
Roy Trowbridge Philip Hamilton
Henry Koenig
BRONZE June Ling
Mahesh C. Aggarwal E. Roland Maki
Irma and Robert Bennett Magda and Michael Michaud
Merle and Virgil R. Carter The Estate of James McHugh
Rose and Samuel Collier John Mihm
Charles Concordia K. Keith Roe
Falcon Family Trust Byron Schieber Jr.
Marilyn and Willis Gardner Terry E. Shoup
Richard J. Goldstein Pamela and David Soukup
Francesca and Joe Holm James Woodburn
Patricia and Duane Jordan Nina and Tal Webb
Warren R. Leonard
(In memory of Warren Leonard Sr.)
6
HONORS AND AWARDS
HONORARY Melvin R. Green Codes H. R. Lissner Medal Pi Tau Sigma Gold Medal Yeram S. Touloukian
MEMBERS and Standards Medal Peter A. Torzilli Nicholas Fang Awards
Alva L. Addy J. Robert Sims Jr. Fellow ASME University of Illinois Johanna Levelt Sengers
Life Fellow ASME Fellow ASME Hospital for Special Fellow ASME
Becht Engineering Co., Inc. Surgery James Harry Potter Gold
James R. Welty National Institute of
Medal Standards and Technology
Life Fellow ASME Heat Transfer Memorial Machine Design Award Richard O. Buckius
Ward O. Winer Award Itzhak Green, D.Sc. Fellow ASME Frank Von Flue Award
Life Fellow ASME Fellow ASME University of Illinois William F. Ranson, III
Georgia Institute of Science
Arun Majumdar Georgia Institute of Fellow ASME
Technology Technology Pressure Vessel and University of South
Fellow ASME Piping Medal
ASME MEDAL University of California Charles T. Main Student Carolina
Michel J. Pettigrew
Richard J. Goldstein Art Section Award Fellow ASME George Westinghouse
Life Fellow ASME C. Thomas Avedisian Ecole Polytechnique Medal
University of Minnesota Gold
Fellow ASME Adeodato I. Botello- Dixy Lee Ray Award Gold
ACHIEVEMENT Cornell University Arredondo Ben T. Zinn
Richard Pombo
AWARDS General Universidad de Guanajuato U.S. House of Fellow ASME
Kambiz Vafai Silver Representatives Georgia Institute of
Bergles-Rohsenow Young Fellow ASME Technology
Investigator Award in Amanda M. Thomas Charles Russ Richards
University of California Virginia Polytechnic
Heat Transfer Memorial Award LITERATURE AWARDS
Mayo D. Hersey Award Institute and State
Wilson K. S. Chiu University Ramesh K. Agarwal Blackall Machine Tool &
University of Connecticut Koji Kato Fellow ASME Gage Award
Tohoku University M. Eugene Merchant Washington University
Per Bruel Gold Medal For Manufacturing Medal Of Y Lawrence Yao
Noise Control and Soichiro Honda Medal Ralph Coats Roe Medal Columbia University
ASME/SME
Acoustics David E. Foster Bernard Amadei I. Cevdet Noyan
University of Wisconsin Yoram Koren Columbia University
Cyril M. Harris University of Colorado
Fellow ASME Wenwu Zhang
Daniel C. Drucker Medal Internal Combustion University of Michigan Safety Codes and GE Global Research Center
Alan Needleman Engine Award Standards Medal
Van C. Mow Medal Gas Turbine Award
Fellow ASME N. Richard Dunteman Herschell E. Godwin, Jr.
NR Dunteman LLC Robert L. Sah Ivor J. Day
Brown University The Godwin Co., LLC
University of California Fellow ASME
Thomas A. Edison Patent Johnson & Johnson Nadai Medal
R. Tom Sawyer Award Whittle Laboratory
Award Consumer Companies, Erio Benvenuti
Richard M. Christensen Christopher Freeman
Charles Alexander Garris Inc. Medal Fellow ASME
Honorary Member ASME Thomas Scarinci
Fellow ASME Abel Hernandez-Guerrero Retired
University of California Melville Medal
George Washington Fellow ASME
Ben C. Sparks Medal
University Universidad de Guanajuato Raj M. Manglik
Burt L. Newkirk Award Alok K. Verma Fellow ASME
William T. Ennor Warner T. Koiter Medal Old Dominion University
Mitjan Kalin University of Cincinnati
Manufacturing Pierre Suquet Juntao Zhang
University of Ljubljana Ruth and Joel Spira
Technology Award Lab De Mecanique Et
D’Acoustique Outstanding Design Worcester Reed Warner
Jyotirmoy Mazumder Old Guard Young
Educator Award Medal
University of Michigan Engineers Award
Frank Kreith Energy John S. Lamancusa
Award Winner James G. Simmonds
Fluids Engineering Award Pennsylvania State
Catherine Q. Lengsfeld Fellow ASME
Wolfgang A. Rodi Roland Winston University
Retired
University of Karlsruhe University of California Runner-Up Student Section Advisor
Timo Marquez Arreaza Arthur L. Williston Medal
Freeman Scholar Award James N. Landis Medal Award
Promode R. Harold R. Denton Rufus Oldenburger Medal Debendra K. Das First
Bandyopadhyay Nuclear Safety Consultant J. Karl Hedrick Fellow ASME Tyler E. Schnug
Fellow ASME University of Alaska Second
Bernard F. Langer Nuclear Fellow ASME
Naval Undersea Warfare University of California J. Hall Taylor Medal Amanda M. Thomas
Codes And Standards
Center Virginia Polytechnic
Award Performance Test Codes Thomas P. Pastor
Y.C. Fung Young Warren H. Bamford HSB Global Standards Institute and State
Medal University
Investigator Award Westinghouse Electric Co., John W. Siegmund Robert Henry Thurston
Beth A. Winkelstein LLC Fellow ASME Third
Lecture Award
University of Pennsylvania Sheppard T. Powell Joy K. Adjorlolo
Gustus L. Larson Sia Nemat-Nasser
Henry Laurence Gantt Memorial Award Associates LLC Fellow ASME
Medal Narayana R.V. Aluru Marshall B. Peterson University of California
Charla Kamm Wise University of Illinois Award Timoshenko Medal
Lockheed Martin Nicolas Fillot
Aeronautics Co. Kenneth L. Johnson
Lamcos Insa Lyon University of Cambridge
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FINANCIAL STATEMENTS
The ASME Foundation, Inc.
STATEMENT OF ACTIVITIES
Year ended June 30, 2006
(with summarized totals for the year Temporarily Permanently 2006 2005
ended June 30, 2005) Unrestricted restricted restricted Total Total
Operating revenue
Contributions $ 29,170 291,959 — 321,129 336,569
Interest and dividends, net of
investment fees of $92,381 in
2006 and $76,412 in 2005 159,392 234,392 38,178 431,962 426,996
Net assets released from restrictions 324,059 (324,059) — — —
TOTAL OPERATING REVENUE 512,621 202,292 38,178 753,091 763,565
Nonoperating activity
Appreciation in fair value of
investments (note 4) 726,047 717,832 461 1,444,340 1,212,214
INCREASE IN NET ASSETS 174,671 920,124 38,639 1,133,434 981,902
NET ASSETS AT BEGINNING OF YEAR 9,344,653 6,702,727 2,590,747 18,638,127 17,656,225
NET ASSETS AT END OF YEAR $9,519,324 7,622,851 2,629,386 19,771,561 18,638,127
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generally accepted accounting principles. Accordingly, such the periods in which they occur, and interest and dividends
information should be read in conjunction with the Founda- are recognized as revenue in the period earned. At June 30,
tion’s 2005 financial statements from which the summarized 2006 and 2005, the Foundation’s interest had a cost basis
information was derived. of $17,457,266 and $16,481,214, respectively, and a fair
value of $19,139,521 and $17,588,019, respectively.
3. Transactions with ASME
The appreciation in fair value of investments for the years
ASME charges the Foundation for office space and other ser- ended June 30, 2006 and 2005, consisted of the following:
vices. In 2006 and 2005, such charges totaled $87,200 and
2006 2005
$87,503, respectively. In 2006 and 2005, the Foundation made
Net realized gain on
contributions of $303,400 and $308,157, respectively, to ASME
investment transactions $ 868,890 681,412
in support of honors and awards, and other programs.
Net change in unrealized gain 575,450 530,802
4. Investments $1,444,340 1,212,214
The Foundation’s investments consist of an undivided inter-
5. Temporarily and Permanently Restricted
est in the investment pool of ASME. ASME pooled invest-
ments consist of mutual funds, bonds and notes, common
Net Assets
and preferred stock, money market funds and certificates of Temporarily restricted net assets and the income earned on
deposit. Investments of the pool are recorded at fair value permanently restricted net assets are restricted by donors to
based upon quoted market prices. Realized and unrealized the following purposes or future periods at June 30, 2006 and
gains and losses are recognized as changes in net assets in 2005:
2006 2005
Temporarily Permanently Temporarily Permanently
restricted restricted restricted restricted
Award programs $4,918,305 1,023,949 4,470,625 1,016,117
Scholarship and fellowship programs 1,121,352 1,590,437 1,022,905 1,559,630
Grants and other programs 340,405 — 266,677 —
College programs in power engineering 76,659 — 72,045 —
U.S. engineering programs 336,321 — 305,108 —
Gift annuity 238,238 — — —
Student loan program 591,571 15,000 556,418 15,000
Future periods — — 8,949 —
$7,622,851 2,629,386 6,702,727 2,590,747
6. Functional Expenses
The Foundation’s expenses, which are reported by natural
classification in the accompanying statement of activities,
benefited the following program and supporting services for
the years ended June 30, 2006 and 2005:
2006 2005
Program services:
Awards $508,959 563,078
Grants 156,803 166,836
Scholarships and fellowships 188,056 189,300
Student loan program 10,144 25,383
863,962 944,597
Management and general 67,368 49,280
Development 132,667 —
$1,063,997 993,877
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THE ASME FOUNDATION BOARD OF TRUSTEES
K. Keith Roe D. Edward Crow Joseph Kovach George W. Paczkowski John A. Swanson
Chairman and President Retired Executive Vice President, Engineering Vice President President
Burns and Roe Pratt & Whitney & Manufacturing Downstream Technology Swanson Analysis Services,
Enterprises, Inc. Technology Conoco/Phillips Inc.
John F. Elter
Adalberto Alfonso Jr. Parker Hannifin Corp. Winfred M. Phillips Roy P. Trowbridge
Chief Technology Officer
Vice President Hydraulic Group Vice President & Dean Retired Executive
Plug Power
Florida Power & Light Co. University of Florida General Motors
Nancy D. Fitzroy Allan E. Kukoski
David L. Belden Retired Executive Director, Engineering Michael Rencheck Ward O. Winer
Executive Director, General Electric and Design Senior Vice President Chair
Emeritus Foster Wheeler Power Engineering, Georgia Institute of
ASME Walter R. Garrison Group Technical & Environmental Technology
Chairman Services School of Mechanical
Stuart R. Bell Kim I. Mastalio
CDI Corporation American Electric Power Engineering
Dean of Engineering President Energy Services
University of Kansas Richard R. Grigg Service Corp.
Division James F. Wood
Virgil R. Carter Executive Vice President & Black and Veatch David R. Smith President and CEO
Executive Director Chief Operating Officer Director, Production Babcock Power Inc.
FirstEnergy Corp. John Mihm Systems Engineering &
ASME Charles L. Wu
President Technology
Kenton Chickering III Robert M. Guezuraga JCM Consulting Director, Manufacturing and
Eastman Kodak
Retired Executive President Cardiac Surgery Vehicle Design
Daniel Valve Co. Medtronic, Inc. C. Dan Mote Jr. Richard H. Stanley Ford Motor Company
President Chair
Jack T. Coffman George N. Hatsopoulos Warren R. Leonard
University of Maryland Stanley Group
Senior Vice President Chairman Executive Director
Oklahoma Gas and Electric Thermo Electron Corp. The ASME Foundation