One of the most important ways AIME supports its Member Societies is through access to project and program funding opportunities and the distribution of legacy fund income. For more information, contact AIME Executive Director, Michele Lawrie-Munro at firstname.lastname@example.org.
United Engineering Foundation (UEF)
AIME is one of 5 engineering Founder Societies making up the United Engineering Foundation, whose purpose is to support engineering and education by, among other means, making grants. AIME has two voting representatives on the UEF Board. For more information on the concept submission process, click here.
James Douglas Library Fund
This endowment was given to AIME by James Douglas in 1916 to support the Institute's library. Since the mid-1980s when AIME's divisions became separate not-for-profit organizations, AIME transferred the publication of material to its Member Societies. The annual income from this fund (approximately $40,000) has been used by AIME for digitization of archival volumes and other purposes. Whatever income AIME does not use, is split equally by the Member Societies for their use in maintaining their respective libraries.
Offshore Technology Conference
AIME established the Offshore Technology Conference in 1969. It has been managed successfully by AIME's Member Society, SPE, and grown to become one of the top 200 trade shows in the United States and top 10 meetings in terms of attendance. As the founder, AIME has shared in the success of the event annually. In turn, its Member Societies realize a portion of AIME's share of net proceeds.
Seeley W. Mudd Fund
Established in 1929, this is the largest fund AIME manages. Its original purpose was to support the advancement of the sciences of mining and metallurgy by the encouragement of research and the dissemination of knowledge. For many years, it helped produce some of the finest technical publications in the mineral and petroleum engineering professions. The annual income from this fund (approximately $50,000) is distributed via formula established by the AIME Board in 2012.
Charles Hayden Memorial Fund
In 1939, Charles Hayden (AIME Trustee in 1956) made a donation to AIME to establish this fund to further the technical education of the student associate members through the preparation and circulation of technical publications. The annual income from this fund (approximately $18,000) is distributed equally amongst the 4 Member Societies to use for this purpose.
Henry L. Doherty Fund
Established in 1953 by a few important figures in the petroleum industry in honor of the fund's namesake, the annual income from this fund (approximately $20,000) is given to AIME's Member Society, SPE, for the printing and distribution of publications and granting of scholarships for research.
AIME Petroleum Research and Education Fund
This fund was created in 1966 from a donation by Joseph B. Umpleby to further the educational activities of the SPE, including the financing of special research volumes. The annual income (approximately $4000) has mainly been used to support student paper contests.
Member Society Direct
AIME is a 501(c)3 not-for profit supporting organization (509a3 Type I). As such, when available, distributions from surplus may be made to support the projects and programs of its Member Societies.