The ASME Foundation, Inc.

The ASME Foundation, Inc. is a United States-based nonprofit organization designated as a 501(c)(3) entity. It operates primarily in the categories of science and technology research institutes and services, focusing on engineering and technology research.

Mission and Activities

The ASME Foundation supports the mission of the American Society of Mechanical Engineers (ASME) by advancing, disseminating, and applying engineering knowledge to improve the quality of life worldwide. It champions global engineering excellence by fostering diverse communities, promoting STEM education, and developing future engineers.

The foundation's activities are structured into three main areas:

• Education: The ASME Foundation energizes and enables K-12 students to pursue engineering careers through various educational programs, aiming to inspire a new generation of engineers.
• Careers: It provides young engineers with access to state-of-the-art training, professional networking, and resources necessary for meaningful technical careers.
• Sustainable Innovation: The foundation supports engineering innovations aligned with the United Nations Sustainable Development Goals, empowering social entrepreneurs to implement life-changing solutions globally.

Programs

The ASME Foundation offers a range of programs that cover every phase of an aspiring engineer's journey:

• E4C Fellowships: These fellowships enable engineers to advance sustainable global development through research and impact projects.
• Engineering for Global Development: Projects focused on solving global challenges through engineering solutions.

Financial Overview

The ASME Foundation relies heavily on contributions for its revenue, with a significant portion also coming from investment income. The organization manages substantial assets and liabilities, ensuring sustainable operations.

Governance and Leadership

The ASME Foundation is governed by a board of directors comprising leaders from various industries and academic backgrounds. Key positions include directors from prominent companies and institutions.

Public Impact

Through its support of ASME programs, scholarships, awards, and honors, the ASME Foundation plays a critical role in shaping the future of engineering. By promoting STEM education and innovation, it contributes to creating a better-equipped and more sustainable global community.