Engineering foundation receives affiliation approval
In May, the University of Missouri formally recognized the MU College of Engineering (UMCOE) Foundation as an affiliated 501(c)(3) organization, after approval from the Chancellor’s Office and the University Board of Curators. The affiliation status allows UMCOE Foundation to accept and act as stewards of gifts to MU Engineering with University partnership.
Susan Hogan Pasternack, BS EE ’70, serves as secretary for the foundation and said the non-profit status offers potential donors an alternative path for making gifts to the college. She noted that many other foundations only are allowed to donate to non-profit entities, and the Foundation can accept non-monetary gifts, as well.
“At DEAC [Dean of Engineering Advisory Council] meetings, we’ve observed COE funds growing more scarce over the last ten years,” Pasternack said. “It became apparent we needed to do something.”
The foundation’s stated mission is “to provide resources and financial support to Mizzou Engineering’s faculty, facilities, research and students by raising funds, granting them to priority projects and stewarding donor investments.”
The Foundation has received over $100,000 in donor contributions since its initial start-up campaign in late 2010. Gifts have come from individuals, foundations, corporate matching and, most recently, from an electric cooperative. The UMCOE Foundation has applied these funds to an engineering library study room upgrade project, to support the MU Engineering-based Midwest Energy Efficiency Research Consortium (MEERC) and in support of the 2012 College of Engineering scholarship campaign.
“We went through a couple of formative years with the costs of starting a foundation. We now have limited or no overhead costs, due to board directors covering expenses in 2013 and 2014.” Pasternack said. “Whatever is donated goes right back into the College of Engineering.”
With faculty, facilities and scholarships as top priorities, Pasternack said the UMCOE Foundation is especially interested in working with donors to establish endowed professorships or an endowed chair.
Additional foundation board members are Ward Chambers, BS EE ’67, president; Robert Holtsmith, BS CHE ’68, vice president; Don Baker, BS CE ’71, treasurer; Stanley Bull, BS CHE ’63; Thomas Decker, BS CIE ’72, MS ’74; James Fischer, AgE PhD ’72; and Henry Hungerbeeler.
To contact or learn more about the UMCOE Foundation, visit them on the web at mizzouengineeringfoundation.org.