Society of Women Engineers Endowment Fund Inc.

The Society of Women Engineers Endowment Fund Inc. (SWE-EFI) is a U.S.-based nonprofit organization operating under the Internal Revenue Code as a 501(c)(3) entity. It supports the broader mission of the Society of Women Engineers (SWE), which is to empower women to achieve their full potential in careers as engineers and leaders.

Purpose and Activities

SWE-EFI is primarily focused on managing endowed funds to provide scholarships and financial aid to students pursuing degrees in engineering and related fields. By maintaining the principal of these endowments, SWE-EFI ensures that investment earnings are used to fund annual awards, creating a sustainable resource for future generations of women engineers.

Financial Operations

As a supporting organization to SWE, SWE-EFI works closely with the Society's Board of Trustees, which oversees the investment and reinvestment of its assets. The Fund's operational costs are balanced by its investment strategies, aiming to maximize returns while ensuring liquidity for ongoing program activities.

Endowed Scholarships

SWE-EFI administers the SWE Legacy Endowed Scholarship among others, providing essential financial support to students across various stages of academic study in engineering. These scholarships play a crucial role in addressing the underrepresentation of women in engineering and technology fields.

Governance

The management of SWE-EFI is conducted by a Board of Trustees elected from SWE's membership. This governance structure ensures that SWE-EFI remains aligned with SWE's broader goals of promoting diversity and inclusion in engineering and technology professions.

Impact

Through its scholarship programs and support for SWE's initiatives, SWE-EFI contributes significantly to encouraging female students to pursue careers in engineering. This effort is vital in creating a more balanced gender representation in STEM fields, aligning with the global push for greater diversity in scientific and technological professions.

[1] https://swe.org/wp-content/uploads/2021/09/SWE-EFI-FY20-Audit-Final-Financial-Statements-9.2021.pdf [2] https://en.wikipedia.org/wiki/Society_of_Women_Engineers [3] https://fconline.foundationcenter.org/fdo-grantmaker-profile/?collection=grantmakers&activity=result&key=4152497 [4] https://swe.org/wp-content/uploads/2018/12/Estate-Plan-FAQ-06-22.pdf [5] https://swe.org/donate-to-endowed-scholarships/