Announcing: The SIOP Foundation
Elaine D. Pulakos
Chair, Long Range Planning Committee
Foundations have become a very attractive way to support certain
educational and charitable activities. By accruing funds and spending
only the earnings, an organization such as SIOP can sponsor scholarships,
provide awards for excellence, stimulate research, and bring creative
solutions into the realm of possibility by providing funding.
Gifts to a Foundation are fully tax deductible and certain gifts,
such as appreciated assets, can provide lifetime earnings to the
donor as well as an immediate tax deduction.
Foundations give us a way to honor friends and colleagues with
a living memorial. They provide a way to pool our small gifts
so that a large work can be funded. They provide a way to fund
SIOP now has a foundation!
After researching several options to provide SIOP members with
a means for making tax deductible contributions to SIOP, the SIOP
Foundation has been established as a fund of the Dayton Community
Foundation. Because the Dayton Community Foundation is a 501.c.3.
organization, all contributions made to SIOP via the Dayton Foundation
are fully tax deductible. All money contributed to the foundation
on behalf of SIOP will be maintained and accounted for separately
in SIOP funds.
Two sub-funds have been established within the SIOP fund: (1)
a scholarship fund and (2) a general charitable purpose fund.
Contributions to the first fund will be used for scholarships
only. The second fund will be used for awards and grants that
will stimulate both research and practice in our field. Criteria
are being developed for special awards, scholarships, and grants
that will carry the name of the donor or the honoree.
Contributions to the foundation must be used for benevolent purposes
only and cannot be used for general SIOP operating expenses. More
information will be forthcoming about how SIOP members and friends
of SIOP can use their money to enhance SIOP, gain the benefits
of philanthropy, and honor their colleagues with living memorials.
A contribution for any amount can be made to the SIOP foundation.
If you would like to donate now and help get the SIOP Foundation
up and running, we strongly encourage you to do so. Please indicate
whether you wish your gift to go to the scholarship fund or the
general purpose fund. Gifts not designated for a specific fund
will go to the general purpose fund. All contributions will be
acknowledged in writing. In order to be tax deductible, checks
should be made payable to the Dayton Community Foundation/SIOP
Fund. Contributions should be sent to
SIOP Administrative Office
P O Box 87
Bowling Green OH 43402-0087
We do not know what challenges SIOP will face in the future, but
supporting excellence and finding solutions to problems usually
involves money. By supporting the SIOP Foundation, you will provide
the resources to help future leaders maintain the vitality of
the science and practice of Industrial and Organizational Psychology.