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ACI to Increase Foundation Funding to $1M

Wednesday, December 5, 2018

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The American Concrete Institute last week announced that it has increased its funding for the ACI Foundation to $1 million.

The ACI Foundation was established in 1989 to promote progress, innovation and collaboration, and is an owned and operated non-profit subsidiary of ACI.

ACI

The American Concrete Institute last week announced that it has increased its funding for the ACI Foundation to $1 million.

The institute says it will use the funds to support research, scholarships, new technologies and issues of strategic importance to the concrete industry.

Funding from the American Concrete Institute includes an annual $500,000 commitment for mission funding; two additional one-time contributions of $360,000 and $126,000; and additional funding for a new Middle East Fellowship.

“ACI’s commitment to research funding, scholarships and new technologies is demonstrated through the increased funding to the ACI Foundation,” said Ron Burg, executive vice president, American Concrete Institute.

“The work of the ACI Foundation is guaranteed to improve ACI’s technical knowledge and make our world stronger and safer.”

During 2018, ACI says the foundation distributed 19 scholarships and fellowships, funded eight new research projects and invested in initiatives to advance the implementation of new technology. In 2019, the foundation expects to fund even more initiatives and give funding to 20 students.

   

Tagged categories: American Concrete Institute; American Concrete Institute; Associations; Education

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