Endowment and Named Giving Opportunities
|Endowed Annual Fund Gift||$20,000 to endow|
|Professional Development Sessions at Convention||$25,000 to endow|
|Scholarships||$40,000 to endow|
|Endowed Outstanding Advisor||$60,000 to endow|
|Endowed Distinguished Alumnus/Alumna (up to 5)||$70,000 to endow|
|Endowed Laureate (up to 5)||$80,000 to endow|
|Chapter Endowment Initiative||$100,000 to endow|
|Fellowships||$200,000 to endow|
|Endowed Staff Position||$1 - $3 million to endow|
|Convention||$10 million to endow|
Annual gifts allow the Association to improve facilities and purchase needed equipment, recruit staff, maintain essential programs, and enhance the educational experience for engineering students across the nation. Most importantly, gifts to this program provide assistance to Tau Beta Pi students at all 248 chapters. Consider endowing a $1,000/year gift with a $20,000 endowment to provide annual support in perpetuity thus assisting our efforts in sustaining the Association.
The Engineering Futures Program was founded more than 35 years ago in response to a need to provide engineering students training in the "soft skills," those non-technical skills necessary for success in the workplace but rarely included in engineering curricula. Sessions include: People Skills, Team Chartering, Group Process, Analytical Problem-Solving, Effective Presentation Skills, and Equity, Inclusion, & Ethics. Under the umbrella of the Engineering Futures Program, Professional Development Sessions have been offered to students at our annual Convention for the past 10 years providing additional training on such topics as "How to Target Your Resume," "Personal Finance for New Grads," "Professional Engineering Licensure: Why and How to Get Licensed," "Tech Startup Survival Guide," and "What the Career Office Didn't Tell You."
Established in 1998, awards are made to Scholars for their senior year of engineering study. Scholarships are awarded on the basis of academic achievement, extracuricular activities, and the promise of substantial contributions to the engineering profession. Around 250 scholarships of $2,000 are awarded annually.
After a trial program of three years, the 1996 Convention established the Outstanding Advisor Award to be given at the annual Convention. The prize, which includes a plaque, $1,000 to the winner, and $1,000 in the name of the winner to the dean's discretionary fund, recognizes outstanding performance among the Chapter Advisors of Tau Beta Pi.
The Tau Beta Pi Distinguished Alumnus Award Program was inaugurated in 1993 to recognize alumni who have continued to live up to the ideals of Tau Beta Pi as stated in our Eligibility Code and to foster a spirit of liberal culture throughout their lives after their college years. The program is an opportunity to mark in a fitting manner exemplary performance by alumni. Each winner receives a recognition plaque, is invited to the Convention, and has a $2,000 scholarship named in his or her honor (since 2003).
The Tau Beta Pi Laureate Program was formally established by the 1984 Convention after a three-year trial basis to recognize annually up to five Tau Beta Pi student members who outstandingly exemplify the "spirit of liberal culture in engineering colleges." Award categories include arts, athletics, divers achievements, and service.
The Chapter Endowment Initiative is our program by which alumni, companies, and foundations can permanently endow the Association's activities that support any of our 248 student chapters. Investment income from the endowments will provide permanent funding for students of the endowed chapter to: attend the annual Tau Beta Pi Convention; receive officer leadership training through the District Program; obtain professional development through Engineering Futures sessions; participate and facilitate MindSET activities; support Headquarters operations; and conduct chapter-directed activities on the college campus and in the local community. While gifts of a minimum of $5,000 are being accepted, donations totaling $100,000 are required to fully endow a chapter. A naming opportunity is available for giving at the $100,000 level and such gifts may be made over a period of 3-5 years. For naming opportunities in estate plans, the gift must be irrevocable or a portion of the $100,000 must be made in cash over the donor's lifetime.
Founded in 1928, the purpose is to finance, for a select group of members chosen for merit, a year of graduate study at the institution of their choice. Stipends are awarded in the amount of $10,000. Tau Beta Pi fellows are free to do graduate work in any field which will enable them to contribute to the engineering profession.
Tau Beta Pi employs 14 individuals to manage the affairs of the national headquarters office on a day-to-day basis. Job functions include leadership (Executive Director), chapter operations (Assistant Director of Member & Chapter Services), financial (Director of Finance and Operations), fundraising (Major Gifts Officer), marketing/communications (Director of Marketing & Communications), bookkeeping, event coordination, IT, etc.
At the annual Convention Tau Beta Pi leaders and students meet to conduct the Association's business. A local chapter hosts the event. Our engineering students from 248 collegiate chapters receive leadership and management training and practice their skills in conducting the business of the Convention, which is always held in October.
Due to the nature of endowments an additional 15% would be required to give out immediately. (For example, if someone gives $40,000 to endow a scholarship, they may have to wait several years before it starts actually paying out enough to award. However, if they make a gift of $46,000 then $6,000 would be set aside to provide a $2,000 scholarship over the first three years until the corpus grows to the level to pay out the needed $2,000/year stipend.)