MISSION STATEMENT: FEF strengthens the metal casting industry by supporting unique partnerships among students, educators and industry, helping today's students become tomorrow's leaders.
After WWII ended, there was a desparate need for skilled technicians and educated leaders in the metalcasting industry. FEF was established in 1947 by the leaders of the industry, with the support of affiliated organizations and societies as an independent extension of metalcasting educational programs at colleges and universities across the country. The primary objective was to bring top-quality men and women into our industry. FEF has since become the lifeline of quality people to our Industry.
FEF has survived the test of time, providing the industry with a steady supply of technical and management-oriented people. Indeed, the single largest factor for the transfer of new technology into the work place has been FEF graduates. On average, nearly 80% of all graduating students who register with FEF and report full-time employment, take a position in the metal casting industry. In addition, many other students are exposed to the metalcasting Industry, its products, designs, and quality engineered components. Also, research at FEF schools has become the core of important accomplishments and developments in metalcasting. FEF provides its company contributors with a crucial link to college campuses.
Why FEF is Unique
There is a "Key Professor" at each of the schools who handles the partnership FEF has with engineering & technology education. This professor knows the students, teaches the courses, handles administrative requirements from FEF headquarters, and decides who is best suited to receive FEF funds. This personal approach is very important to the program's success. Students become aware of the metalcasting Industry through the combination of scholarships and the professor's influence. Other scholarship programs make grants only on registration or letters of intent. FEF provides important interrelationships essential to students and Professors. The FEF Key Professor also is your contact as your company considers research, donation of supplies, recruitment, and other technical needs.
FEF students become aware of the opportunities in this Industry through meaningful scholarship support. FEF builds no war chests, yet the strength of this Foundation continues to increase through careful planning and prudent use of funds. Over $900,000 is provided each year to selected students and FEF Key Professors. FEF scholarships are very competitive on many college campuses. In fact, they are the example for other campus scholarship programs, according to surveys of the deans of each FEF certified school.
FEF offers all contributing companies access to student information via its website. Whether you are looking for graduates to fill full-time positions within your company or you need interns, summer or co-op students, you can search the database using selected criteria, as well as post your position for the students to be able to view.
The College Industry Conference, held each November, brings together what FEF is all about, students, professors, and industry leaders. FEF pays for travel, room, and meal expenses for each student delegate, and Key Professor. The Key Professor's attendance allows for networking between themselves and the industry. Companies have a unique opportunity to meet the top engineering students in the country. The Career Information Session allows a company to interview or to acquaint future leaders with their products and services. Over $50,000 in special scholarships and grants is available to undergraduate and graduate students and the FEF/AFS Distinguished Professor Award is presented to a selected Key Professor. The E.J. Walsh Award is given as special recognition to an individual showing dedication to the ideals and goals of FEF.
You might expect that a national program with the scope of FEF would have several staff members and a huge overhead. This is not the case. FEF is a lean, cost-effective program that spends less than 10% of manageable assets for operations. There are only four people who staff the FEF office: Brian Lewis, Executive Director; Maureen Gerard, Director of Resource Development; Pam Lechner, Director of Alumni & Academic Relations; and Nick Bacik, Annual Giving & Relationship Manager. Management of the Foundation includes the coordination of efforts through Board members, individuals, company contributors, societies, etc.
Perpetual Endowed Scholarships
FEF manages many industry-related scholarships (i.e. AFS chapters), as well as several "Living" or memorial funds. For the chapters, these funds are used each year for their intended purpose in the name of the Chapter. Changing of Chapter officers each year is not a problem, and duplication of efforts is reduced with FEF's established program of identifying qualified students. The memorial funds provide a permanent projection of a cast metal leader's career and, in a real sense, continue the work to which a lifetime was dedicated.
The principal amount is restricted; only the earnings are used to provide scholarships to qualified students. All awards of this type carry the name of the donor, whether it is an individual, chapter or company. For more information, contact the FEF office.
Annual contributions from companies provide the mainstay for FEF activities. Companies receive full access to all FEF students, professors and programs. Companies are encouraged to support the Career Information Session at the College Industry Conference. Extra fees are waved for company contributors and the exposure to future generations of leaders and buyers of castings is priceless. Several recognitions are available, based on cumulative giving: Magnesium-$10,000; Titanium-$20,000; Vanadium-$50,000; Chromium-$100,000; Zirconium-$150,000; Silver-$250,000; Platinum-$500,000; Gold-$1,000,000+.
An important way to help the Foundation is through individual support. Past FEF students and FEF Board Members help to protect and increase scholarships to their Alma Mater. Contributions are given back to the schools whenever possible. Special recognition awards are given as an individual contributor reaches each of the following cumulative levels: Charter-$1,000; Founder-$2,000; Professor-$5,000; Dept. Chair-$10,000; Dean-$15,000; Provost-$25,000; Chancellor-$50,000; President-$100,000; Chancellor Emeritus-$250,000; President Emeritus-$500,000+. To make an individual contribution, click here.
Securities are particularly suited to direct giving. By transferring stocks to FEF, the donor avoids paying capital gains taxes and receives advantages in deducting stock value from income taxes. Life insurance is another possibility when FEF is named irrevocable, sole beneficiary. Proceeds are excluded from the taxable estate of the insured, and annual premiums paid are considered an educational gift. Wills establish lasting and final gifts to the Foundation. These gifts provide simple and convenient ways for you to immortalize your place in cast metals higher education. Donations of other non-cash properties, such as works of art, often can realize greater tax deductions than gifts of money. Special recognition is an important part of the Saugus Society. As with all financial matters of this type, you should seek legal assistance from attorneys qualified in this area. For more information, you can review the Saugus Society brochure.
Special Tax Status
Donors recognize that FEF is a tax-exempt organization, under Section 501(c)(3) of the Internal Revenue Code, and contributions are deductible as allowed by law. In addition, FEF is favorably classified as an organization that is not a private foundation as defined in Section 509(a) of the IRS code.
The Critical Need For Your Support
FEF receives no other support than from the metalcasting Industry. This cost-effective scholarship program has produced long lasting results for our industry, even to companies who have never hired an FEF graduate. We must not forget the future. We need your support to insure the continued strength of this important effort.
FEF is the cast metal industry's educational program at the college level. It includes four-year technology schools as well as traditional engineering colleges and graduate schools. It spans the broad range of higher education from production supervision to specialized research.
In 1947, when FEF was established to assure a continuing supply of technical manpower for the metal casting industry, a campaign was organized to provide financial support for three years - 1947,1948 and 1949. Firms were asked to make pledges for the three-year period. Prior to the conclusion of the first three-year cycle, FEF began to demonstrate encouraging results and the Board Members inaugurated a second three-year cycle which was also financed on a pledge basis for 1950,1951 and 1952.
In 1953, the Board Members decided to place FEF on a permanent basis and have it financed through annual contributions similar to the dues assessments of trade associations. A good percentage of the members who participated in the cycle campaigns accepted this proposal and FEF is now on an annual contribution basis.
All revenue received from annual contributors goes into FEF's general fund and is used to support the regular scholarship program as well as all other FEF activities. In addition to this revenue, FEF receives funds for special purposes (named scholarships, AFS Chapter scholarships, memorial contributions and year-end contributions). In accordance with the provisions of its charter, FEF is qualified to receive cash and property, including securities, for an endowment. Restricted Endowments can be set up to honor living and past Industry leaders as a permanent remembrance of their life work for future generations.
Commissioned to work with full-time college level students, FEF, although independently supported, is an extension of the educational activities of the major trade and technical associations of the cast metals industry such as AFS, DIS, NADCA, SFSA, and NFFS.
FEF scholarships are offered currently at 33 colleges and universities in North America. Scholarship recipients are selected by Key Professors at FEF schools. Size (minimum of $500 and maximum of $3,000) and number of scholarships are determined by the professors, based on the amount of money allocated to their school by FEF. FEF "Key Professors" receive financial assistance from the Foundation with discretionary funds and special awards. In addition, several special scholarships are available at the FEF website each year.
Many leading foundry people and university professors are former FEF scholarship recipients. These former scholarship awardees, along with FEF Board Members and other industry leaders, support the Foundation on an individual basis.
FEF continues to connect with educators and industry to inspire students towards a career in metalcasting. FEF provides scholarship support, supports world-class metalcasting engineering programs, encourages internships & co-ops, partners with innovative Key Professors, impacts real-world laboratory experiences, and promotes tier one research projects
The legal name of the Foundation is Foundry Educational Foundation. However, Board action (Annual Meeting, May,1990) has changed the emphasis to simply FEF. This is consistent with current usage.