Ah, to live in challenging times! Here we are, apparently through the worst financial crisis since the Great Depression but not yet back to business as usual. Nevertheless, this is the moment at which the investments we make will determine the extent of future outcomes. It is a moment at which SIOP and the SIOP Foundation need your support.
Especially during difficult times, your gifts demonstrate the commitment we share to the field of I-O and the value of the Foundation to the profession. The donations received during the past fiscal year resulted in a growth of the Foundation’s endowed funds by nearly 9%. The endowed gifts are permanently invested, with only the earnings released for awards and grants, so gifts will continue to provide support, no matter the economic climate. In addition, I am pleased to report that those donors who made pledges to the Foundation are honoring their promises with more than $85,000 in pledge payments received during the past year. Your gifts and pledges during the 2008–2009 year helped offset the market value adjustments made to the assets in our portfolio.
The funds under the incubator/emerging issues umbrella are growing at a steady pace. In fact, the George C. Thornton III Scholarship is only a few thousand dollars away from becoming its own endowed fund. Once fully funded, the Foundation will add this scholarship to the SIOP award program, with it being given to a deserving student engaged in the scientist–practitioner model.
New this year, members of SIOP were given an option during the annual dues renewal process to donate a small gift to the Foundation. I am delighted to report that 19% of the members who took advantage of this opportunity to donate to the Foundation were students. It is so encouraging to see these future I-O psychologists investing in their profession while still on student budgets—talk about challenging times!
As you make your year-end giving plans, please accept the challenge and give generously to the SIOP Foundation. With your tax deductible support, there is so much more that we can do to strengthen the future of I-O psychology.
SIOP Foundation President