National Academy Of Engineering Fund

Organization Overview

National Academy Of Engineering Fund is located in Washington, DC. The organization was established in 1973. According to its NTEE Classification (U12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Academy Of Engineering Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, National Academy Of Engineering Fund generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $6.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, National Academy Of Engineering Fund has awarded 20 individual grants totaling $34,173,686. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

NATIONAL ACADEMY OF ENGINEERING FUND (NAEF) SUPPORTS THE ACTIVITIES OF (SEE SCHEDULE O)THE NATIONAL ACADEMY OF ENGINEERING (NAE).

Describe the Organization's Program Activity:

Part 3 - Line 4a

NAE PROGRAMS THAT ADDRESS RELEVANT ISSUES IN ENGINEERING FIELD INCLUDING, BUT NOT LIMITED TO, EDUCATION, ENGINEERING PRACTICE, AND THE ENGINEERING WORKFORCE, ENGINEERING AND THE ENVIRONMENT, ENGINEERING, THE ECONOMY, AND SOCIETY, INFORMATION TECHNOLOGY AND SOCIETY, ENGINEERING ETHICS, FRONTIERS OF ENGINEERING, MANUFACTURING, DIVERSITY, AND PUBLIC POLICY AND PROGRAM REVIEWS.


NAE PRESENTS SEVEN AWARDS: CHARLES STARK DRAPER PRIZE FOR ENGINEERING, FRITZ J. AND DOLORES H. RUSS PRIZE, BERNARD M. GORDON PRIZE FOR INNOVATION IN ENGINEERING AND TECHNOLOGY EDUCATION, ARTHUR M. BUECHE AWARD, SIMON RAMO FOUNDERS AWARD, GIBBS BROTHERS MEDAL, AND J. C. HUNSAKER AWARD IN AERONAUTICAL ENGINEERING. ACTIVITIES INCLUDE SOLICITING NOMINATIONS, SELECTION OF RECIPIENTS, ANNOUNCEMENT OF THE RECIPIENTS, AND PRESENTATION OF THE PRIZES.


NAE MEMBER PROGRAMS:ORGANIZATION AND ADMINISTRATION OF THE ANNUAL MEETING AND PUBLICATION OF NAE MEMORIAL TRIBUTES.


SUPPORT FOR NRC AND NAS


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Board, Officers & Key Employees

Name (title)Compensation
Donald C Winter
Chair
$0
Corale L Brierley
Vice President
$0
Carol K Hall
Home Secretary
$0
James M Tien
International Secretary
$0
John L Anderson
President
$0
Martin B Sherwin
Treasurer (jan-June)
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Simon Quick Advisors
Investment Advisor
$469,021
Makena Capital Management
Investment Advisor
$116,582
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$8,957,432
Investment income $601,724
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$48,894
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,361,868

Grants Awarded

Over the last fiscal year, National Academy Of Engineering Fund has awarded $3,500,229 in support to 2 organizations.

Grant RecipientAmount

NATIONAL ACADEMY OF SCIENCES

Org PageRecipient Profile

Washington, DC

PURPOSE: SUPPORT FOR NAS PROGRAMS

$3,250,229

MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT)

Org PageRecipient Profile

Cambridge, MA

PURPOSE: 2021 BERNARD M. GORDON PRIZE

$250,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 24 grants that National Academy Of Engineering Fund has recieved totaling $1,389,602.

Awarding OrganizationAmount
Clark Charitable Foundation Inc

Bethesda, MD

PURPOSE: ENGINEERGIRL PROGRAM

$400,000
Alfred P Sloan Foundation

New York, NY

PURPOSE: TO PROVIDE ACTIONABLE INSIGHTS TO THE ENGINEERING EDUCATION COMMUNITY ABOUT EXISTING AND POTENTIAL NEW APPROACHES FOR INCREASING THE NUMBER OF URM ENGINEERING UNDERGRADUATE, GRADUATE, AND POSTGRADUATE STUDENTS AND FACULTY IN US COLLEGES AND UNIVERSITIES

$249,296
Robert W Galvin Foundation

Chicago, IL

PURPOSE: PUBLIC CHARITY

$200,000
Alfred P Sloan Foundation

New York, NY

PURPOSE: TO ENABLE THE PLANNING SUBCOMMITTEE (ESTABLISHED BY NAES RACIAL JUSTICE & EQUITY COMMITTEE) AND NAE STAFF TO CONDUCT A LITERATURE REVIEW AND LANDSCAPE SCAN ON FIVE TOPICAL AREAS TO IDENTIFY COLLABORATORS AND EXISTING BEST PRACTICES

$149,965
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: EDUCATION

$110,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$93,450
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$41,449,588
Earnings$6,552,628
Net Contributions$10,953,431
Grants$862,172
Ending Balance$58,093,475

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