Report - National Academy of Engineering
Transcription
Report - National Academy of Engineering
2015 Annual Report N AT I O N A L A C A D E M Y O F E N G I N E E R I N G ENGINEERING THE FUTURE 1 3 3 4 4 6 18 20 22 27 46 69 69 70 70 Letter from the President In Service to the Nation Mission Statement NAE Strategic Plan NAE Annual Meeting Program Reports 6 Postsecondary Engineering Education Frontiers of Engineering Education (FOEE) 2- and 4-Year Engineering and Engineering Technology Transfer Student Pilot Barriers and Opportunities in Completing Two- and Four-Year STEM Degrees Understanding the Engineering Education–Workforce Continuum Engagement of Engineering Societies in Undergraduate Engineering Education The Supply Chain for Middle-Skill Jobs: Education, Training, and Certification Pathways Engineering Technology Education 8 K–12 Engineering Education LinkEngineering Website Educator Capacity Building in PreK–12 Engineering Education 9 Public Understanding of Engineering Media Relations Public Relations Grand Challenges for Engineering The Next MacGyver 11 Center for Engineering Ethics and Society (CEES) Becoming the Online Resource Center for Ethics in Engineering and Science Infusing Ethics into the Development of Engineers Workshop on Overcoming Challenges to Infusing Ethics in the Development of Engineers Integrated Network for Social Sustainability (INSS) Sustainable Cities and Interdisciplinary International Education 13 Diversity of the Engineering Workforce EngineerGirl Website 14 Frontiers of Engineering Armstrong Endowment for Young Engineers—Gilbreth Lectures 16 Manufacturing, Design, and Innovation Making Value for America: Embracing the Future of Manufacturing, Technology, and Work 16 Center-Based Engineering Research 2015 NAE Awards Recipients 2015 New Members and Foreign Members NAE Anniversary Members 2014 Private Contributions 30 Catalyst Society 30 Rosette Society 31 Challenge Society 31 Charter Society 33 Other Individual Donors 36 Tributes 36 Loyalty Society 38 Einstein Society 40 Golden Bridge Society 41 Heritage Society 42 Foundations, Corporations, and Other Organizations National Academy of Engineering Fund Financial Report 46 Report of Independent Certified Public Accountants 51 Notes to Financial Statements Officers Councillors Staff NAE Publications Letter from the President In July 2015 the academy complex experienced its greatest transformation since the NAE was founded in 1964 when it welcomed the new National Academy of Medicine, created from the Institute of Medicine. The three academies also adopted a new brand: The National Academies of Sciences, Engineering, and Medicine. Each academy retains its identity, and the new branding for the complex prepares us to participate more effectively in today’s global environment. Last year the NAE wrote and released its first new strategic plan since 1999. Our goal was to craft a 5-year plan focusing on our strategic priorities. We received valuable inputs from the membership, held a council retreat (generously supported by IBM’s C. D. Mote, Jr. planning services), did extensive work virtually, and reviewed our progress at every council meeting. The new strategic plan was adopted by the council last August. It sets forth the NAE mission, vision, and six 5-year strategic goals (summarized below); recommends actions to support each goal; and establishes metrics and milestones to assess progress on them. While we may not complete all the goals within five years, they will certainly be meaningfully advanced. 1. Membership Representation: increase the representation of business, female, younger, foreign, and underrepresented minority members; 2. Industry Collaboration: increase the value of the NAE to industry; 3. Public Understanding: demonstrate to the public how engineering creates a better quality of life; 4. Ensuring Engineering Talent: promote and inspire highly competitive engineering talent in the US workforce; 5. Global Engagement: engage globally in support of national interests; and 6. Effective Advising: together with our sister Academies of Sciences and Medicine, enhance effective advice to the nation on technological and societal challenges. The theme for the 2015 NAE annual meeting was the NAE Grand Challenges for Engineering, a highlight of our global engagement goal. A list of 14 Grand Challenges for Engineering was published in 2008 by a committee of 18 distinguished engineers, scientists, entrepreneurs, and visionaries who set out to identify the most critical, yet tractable engineering system challenges that must be tackled successfully in this century for continuation of life on the planet as we know it. A number of activities planned in conjunction with the annual meeting took this theme. Building on the success of the first Engineering for You (E4U) video competition in 2014, and with the generous sponsorship of the ExxonMobil Foundation and its president Suzanne McCarron, we held another contest (E4U2), this time on engineering contributions to solutions of the Grand Challenges. Several hundred contestants submitted 1- to 2-minute videos; I encourage you to watch the winning selections at www.nae.edu/e4u2/. The Grand Challenges for Engineering continue to grow in momentum and outreach, in large part because they are relevant to everyone and are not targeted to a country or industry. In 2010 the Grand Challenge Scholars Program was the first organizational effort to prepare talent for, and present a vision directed to, achieving solutions to the challenges on a global scale. The second organizational effort was the Global Grand Challenges Summit, held in London in March 2013 and cosponsored by the Royal Academy of Engineering, Chinese Academy of Engineering, and NAE in our first joint effort. In September 2015 the 2nd Global Grand Challenges Summit was held in Beijing, with over 600 attendees invited by the three academies. The summit topics were sustainability, urban infrastructure, health, joy of living, energy, education, security, and resilience. 1 Also at the Beijing summit, the three academies and FIRST Robotics (FIRST stands for “For Inspiration and Recognition of Science and Technology”), founded by NAE member Dean Kamen, announced a collaboration to be launched in 2017 at the 3rd Global Grand Challenges Summit, which the NAE will host in the United States. FIRST Robotics reaches hundreds of thousands of 6- to 18-year-old students through its nearly 50,000 competitions in 83 countries. In this new collaboration, FIRST, with the participation of the academies, will select Grand Challenge goals for its championship robotics competition, which will take place immediately following the summit. In addition, a university student competition to develop a business plan for a startup based on the Grand Challenges will again precede the summit. In these ways, the Grand Challenges for Engineering will be exposed to millions of new people—students, parents, sponsors, governments, corporations, and mentors—including the young people we need to inspire to conquer them. For the 2015 annual meeting forum, a panel of seven members of the original Grand Challenges committee provided their perspectives on “NAE Grand Challenges for Engineering: Imperatives, Prospects, and Priorities” (the forum can be watched at www.nae.edu/default.aspx?id=141118). This may be the first time in history that a panel of experts has put forward a set of recommendations for the planet and, just seven years later, actually seen those recommendations propelling global, grass-roots movements that are impacting not only engineering education but also, most importantly, the way people are thinking about the future and the role of engineering in it. Complementing these activities, our Frontiers of Engineering (FOE) series has bilateral programs with Germany, Japan, China, India, and the European Union. The increasing interest in these programs parallels the growing demand for engineering talent in developed and developing societies alike. The bilateral programs engage young and talented engineers in partnerships to accelerate innovation—and, like the Grand Challenges, they are central to our goals of promoting understanding of engineering and ensuring top talent in the workforce and global leadership. The independent programs of the NAE depend greatly on private philanthropy and the flexibility it provides. We are grateful to Ming and Eva Hsieh for their generous matching gift challenge to members and friends to increase giving that provides resources for programs aligned with the new NAE strategic plan; to Fran and George Ligler for their matching gift challenge to Section 2 members; and to Virginia Bugliarello who, to honor George Bugliarello’s memory, gave generously to the EngineerGirl program, which encourages girls and young women to become engineers. We are pleased to recognize in this report all the members and friends whose gifts help the NAE continue its important work to serve the nation. Your generosity is appreciated greatly. In the following pages you will find additional information about the work undertaken by the NAE in 2015. Our projects pursue with enthusiasm our mission to advance the well-being of the nation. I thank you most sincerely for your support. C. D. Mote, Jr. President 2 NAE In Service to the Nation Every day our government and citizens face questions related to engineering and technology. What does the nation need to do to prosper in the global economy? What is the role of basic research and development in ensuring future economic development? How do we assess the importance of manufacturing in the United States to national prosperity? How can we ensure that students are aware of the nature of engineering and its importance to the nation, so they can make informed decisions about pursuing an engineering education? How do we ensure that undergraduate engineering education meets the needs of those students? How do we increase the diversity of the engineering workforce? As technology becomes an ever more critical discriminator for our success in the global marketplace for ideas, goods, and services, addressing these questions becomes increasingly important. Since 1964 the National Academy of Engineering (NAE) has provided independent, objective advice on engineering-related topics and policies. The NAE operates under the same congressional act of incorporation that established the National Academy of Sciences, signed in 1863 by President Abraham Lincoln, to respond, “whenever called upon by any department or agency of the government, to investigate, examine, experiment, and report upon any subject of science or art.” As of December 2015 the NAE had 2,418 peer-elected members and foreign members, approximately 52 percent from academia, 37 percent from industry, and 11 percent from nonprofit institutions and government. NAE members are leaders in bioengineering, computer science, electronics, aerospace, earth resources, civil engineering, mechanical engineering, chemical engineering, industrial engineering, materials engineering, and interdisciplinary engineering. They serve as members of research and study committees, plan and conduct symposia and workshops, and assist in the work of the Academy in many other ways. Activities include collaborative projects at home and abroad to examine technological problems, advising Congress and government agencies on engineering-related matters of national importance, and recognizing and honoring outstanding engineers for their contributions. The NAE not only responds to requests from the federal government but also engages in activities sponsored by foundations, industry, and state and local governments and funds projects through endowment funds supported by private contributions. Thus, the NAE is a unique organization that brings together distinguished engineers for the purpose of improving the lives of people everywhere. The National Academy of Engineering, National Academy of Sciences, and National Academy of Medicine work together as the National Academies of Sciences, Engineering, and Medicine. Mission Statement The mission of the National Academy of Engineering is to advance the well-being of the nation by promoting a vibrant engineering profession and by marshalling the expertise and insights of eminent engineers to provide independent advice to the federal government on matters involving engineering and technology. 3 2 015 NAE Strategic Plan In 2015, the NAE council developed and adopted a new 5-year strategic plan for the NAE. The plan’s preparation included soliciting input from the NAE membership, a two-day council retreat (supported by IBM’s planning services), and extensive work by council members and the president’s office drafting and refining the document prior to its formal adoption in August. The 2015 strategic plan of the NAE sets forth the mission, long-term vision, and a five-year plan (2016–2020) for the Academy building on an assessment of the strengths, weaknesses, opportunities, and threats currently facing the organization. It elaborates six goals in support of the NAE mission and vision and identifies objectives and specific actions to realize these goals over the next five years. The following six goals were drafted in support of the mission and vision. 1. Membership Representation: increase the representation of business, female, younger, foreign, and underrepresented minority members; 2. Industry Collaboration: increase the value of the NAE to industry; 3. Public Understanding: demonstrate to the public how engineering creates a better quality of life; 4. Ensuring Engineering Talent: promote and inspire highly competitive engineering talent in the US workforce; 5. Global Engagement: engage globally in support of national interests; and 6. Effective Advising: together with our sister Academies of Sciences and Medicine, enhance effective advice to the nation on technological and societal challenges. NAE Annual Meeting Engineering for You Video Contest (E4U2) The NAE held its second Engineering for You Video Contest (E4U2), for which participants submitted a 1- to 2-minute video showing how achieving one or more of the 14 NAE Global Grand Challenges for Engineering would impact the world’s sustainability, health, security, and/or joy of living. More than 300 videos were received in four categories: middle school and younger (K–8), high school (grades 9–12), tertiary education (2-year college through graduate school, full or part time), and the general public. The contest winners were announced at the NAE Annual Meeting. The Texas Student Television Digital Media Team—students Jason Weilee, Carson Taylor, and Ridge Liu—won the Best Video Overall Award for “The Personalized Teacher,” which addressed the Grand Challenge of Advanced Personalized Learning using a playful, rhyming narration reminiscent of Dr. Seuss. In their video the team also illustrated how alleviating one challenge created a stronger foundation for solving the other Grand Challenges. The Personalized Teacher 4 NAE The Best Video Overall Award includes a $25,000 prize. Awards of $5,000 were given to the winners of the following categories: • Middle School and Younger: “Engineering for You” by Maksim Tonyushkin • High School: “Making Solar Panels More Affordable” by Hans Voegeli • Tertiary Education: “Our Future Shines Above” by Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), Querétaro campus • General Public: “Virtual Reality: The Next Technological Frontier” by Bonny Eagle Robotics Team #133 • People’s Choice: “Water Is Our Future” by Tyler Su The winning videos are available to watch on the Engineering for You website (www.nae.edu/ e4u2/#linkPrints). The E4U2 Contest, sponsored by the ExxonMobil Foundation, is part of the NAE’s effort to engage and inspire young people to become the engineers who will solve our world’s greatest challenges. 2015 NAE Annual Meeting Forum: Grand Challenges for Engineering: Imperatives, Prospects, and Priorities For the Annual Meeting Forum on October 5, seven members of the NAE committee that identified the Grand Challenges for Engineering in 2008 returned to consider progress against them, their impacts, and next steps. The session was moderated by BuzzFeed science reporter Dan Vergano. Wesley Harris, Charles Stark Draper Professor of Aeronautics and Astronautics at MIT, characterized the Grand Challenges as being “about humanity and our service to humanity within our profession,” and urged engineers to think about ways the Challenges bear on international concerns such as food delivery, transportation networks, communications, and other essential elements of modern life. Looking at environmental soundness and sustainability, Robert Socolow, codirector of Princeton University’s Carbon Mitigation Initiative, explained the distinction between puzzle solving and problem solving; problem solving for the Earth’s ecosystem will require “ambition, multidisciplinarity, and humility.” Jackie Ying, founding executive director of the Institute of Bioengineering and Nanotechnology in Singapore and editor in chief of Nano Today, described her recent work and added that, based on her experience with the institute’s youth outreach program, young people become excited when they realize that science, technology, engineering, and mathematics (STEM) are building blocks to positively affect people’s lives. After reporting on progress in the Grand Challenge area of fusion energy, Alec Broers, former chair of the Select Committee for Science and Technology for the United Kingdom’s House of Lords and past president of the Royal Academy of Engineering, cautioned that engineering systems have become so complex that “it’s easy for ethics to get lost”; he underscored the need for “a formal code of ethics for engineers—perhaps modeled on the codes of the medical profession.” Calestous Juma, professor at Harvard’s John F. Kennedy School of Government and director of its Science, Technology, and Globalization Project, cited the expanding influence of the Grand Challenges—from a high school preengineering program in Connecticut to proposals submitted for the Africa Prize for Engineering Innovation. Exploring ways to spread the word about the Grand Challenges, Farouk El-Baz, research professor at Boston University and director of its Center for Remote Sensing, suggested not only the Internet but also a series of children’s books on each of the challenges to get even young children engaged with 21st century issues. The forum’s 5 2 015 PROGRAM REPORTS closing speaker, Dean Kamen, founder of the DEKA Research and Development Corporation, challenged his colleagues in the engineering community to dramatically improve communication with the next generation, arguing that technology can be a unifying force especially among young people who see science and engineering as the path out of problems. A report of the forum will be released in 2016. PROGRAM REPORTS Postsecondary Engineering Education Frontiers of Engineering Education (FOEE) In October 70 of the nation’s most innovative engineering educators took part in the seventh annual Frontiers of Engineering Education (FOEE) symposium. For 2½ days these mostly earlycareer faculty members, who are developing and implementing innovative educational approaches in a variety of engineering disciplines, shared ideas and learned from research on best practices in education. They left with a charter to further collaborate with their FOEE colleagues and to bring about improvements at their home institutions. The attendees were selected from a pool of highly qualified applicants nominated by NAE members and engineering deans. The FOEE community website (http://naefoee.org/) offers a platform for networking and collaboration, hosts a collection of resources, and gives participants the opportunity to build on relationships formed at the annual symposia. Information is available for past and forthcoming meetings and attendees can access resources before the symposium. The site also provides a streamlined system for NAE members and engineering deans to nominate faculty members and for nominees to submit their applications. The FOEE program has been sponsored by John McDonnell and the JSM Trust since 2012. The first three symposia (in 2009–2011) were sponsored by the O’Donnell Foundation. 6 NAE The NAE and American Society for Engineering Education (ASEE) cosponsored a June 2014 workshop on “Effective Practices in Supporting Transfer Students” at which presenters described specific measures and impacts at several institutions. Policies and programs included (1) orientation sessions and other steps to facilitate transfer students’ assimilation at 4-year schools; (2) mentoring and advising programs for transfer students; and (3) summer programs to enhance transfer students’ knowledge and inform their expectations for success in the 4-year engineering and engineering technology programs. A brief summary of the workshop was released in August. Barriers and Opportunities in Completing Twoand Four-Year STEM Degrees A joint NAE-NRC ad hoc committee conducted a study of Barriers and Opportunities in Completing Two- and Four-Year STEM (science, technology, engineering, and/or mathematics) Degrees. The committee considered the individual and institutional factors influencing students to enter and stay in STEM majors in 2- and 4-year postsecondary institutions and described the various nontraditional pathways to a STEM degree taken by many students. Special attention was given to how individual differences (e.g., race, ethnicity, gender, socioeconomic status) of students interact with external factors to affect student decision making. The committee’s report was completed for release in January 2016 and provides evidence-based guidance to inform policies and programs that aim to attract and retain all students to complete associate’s and bachelor’s degrees in STEM disciplines. Understanding the Engineering Education–Workforce Continuum This consensus study, funded by NSF, will generate an expansive, nuanced, and useful depiction of the educational and career paths and related decision making of those formally trained in engineering (i.e., with BS, MS, or PhD degrees in engineering) as well as those with nonengineering degrees who are employed as engineers in the United States. Overseen and executed by a multidisciplinary committee of experts chaired by NAE member Jean-Lou Chameau, president of King Abdullah University for Science and Technology (KAUST) in Saudi Arabia, the study committee collected and synthesized data from national datasets, survey data, and other sources about the characteristics of those working in the United States as engineers and those formally educated as engineers who are not working in engineering occupations. In 2015 the committee held its final meeting to discuss findings and recommendations and began writing its consensus report, which will be released with briefings for key stakeholders in 2016. Engagement of Engineering Societies in Undergraduate Engineering Education This project, supported by the National Science Foundation, examines the engagement of engineering societies in undergraduate engineering education to ensure capacity in their fields. Among many roles, these societies may provide education opportunities to their members, set and maintain professional standards, help clarify the knowledge and skills needed by those practicing in the field, and serve as a bridge between employers and schools of engineering. In 2015 the project staff conducted initial outreach with a number of engineering societies to learn about their 7 2 015 PROGRAM REPORTS 2- and 4-Year Engineering and Engineering Technology Transfer Student Pilot PROGRAM REPORTS education programs and did a preliminary literature review of the relevant research. Both efforts will provide input for the project’s core tasks in 2016: a survey of approximately 130 engineering societies on their activities in undergraduate education and the planning of a workshop, which will take place in early 2017, to explore those activities in greater depth. A report on the workshop and the survey will be published in 2017. The Supply Chain for Middle-Skill Jobs: Education, Training, and Certification Pathways In January 2015 the NAE and Board on Science, Technology, and Economic Policy (STEP) began a project to examine coverage, effectiveness, flexibility, and coordination among the nation’s programs to prepare Americans for technically oriented, skilled jobs that demand nonroutine problem solving but do not require a baccalaureate or higher degree. Among the topics to be studied are gaps in coverage and market failures in this part of the labor market, public and private sector roles in financing and providing employment training and skills certification, and incentives and information for individuals to improve their work skills. The committee will also consider selected employment preparation practices in other countries (e.g., European apprenticeship programs) and those of foreign-headquartered firms and their relevance to the US labor market. The project is overseen by an ad hoc committee cochaired by former US Senator Jeff Bingaman and NAE member Katharine Frase. In 2015 the committee held three meetings and a public symposium at which 11 commissioned papers were presented. A consensus report will be published in the summer of 2016. Engineering Technology Education The NAE Committee on Engineering Technology Education completed a draft of its final report in late 2015. With NSF funding, the project examined both two- and four-year degree programs in this important but often overlooked segment of the technical workforce. The report will summarize the project’s data collection efforts, which included two national surveys—one of engineering technology educators and the other of employers of people with engineering technology degrees. Findings and recommendations will address several key issues, including the nature of engineering technology education, educational and employment pathways into the field, and data gaps. The 11-member study committee is cochaired by NAE members Katharine Frase (IBM) and Ron Latanision (Exponent, Inc.). The report will be published in mid-2016. K–12 Engineering Education LinkEngineering Website LinkEngineering, a website created to support implementation of engineering in preK–12 education, launched publicly in August 2015. By the end of the year it had about 580 registered users and an average of 2,000 visits per month. The three-year project, which began in late 2013, is funded by Chevron Corp. and overseen by a 21-member NAE committee that includes NAE members Bonnie Dunbar, University of Houston, and Jackie Gish, Northrop Grumman (ret.). In addition, five national organizations have been enlisted as partners: Achieve, Inc., National Science Teachers Association, American Association for Engineering 8 NAE Educator Capacity Building in PreK–12 Engineering Education Although the visibility and potential importance of engineering in preK–12 education have increased in recent years, research suggests that the number of educators prepared to teach preK–12 engineering is quite small relative to likely demand. In addition, the policy and educational infrastructure for building educator capacity in preK–12 engineering is significantly underdeveloped. In response to this challenge, with funding from the National Science Foundation, the NAE launched a project in October 2014 to understand current and anticipated needs for engineering-literate preK–12 educators in the United States and how these needs might be addressed. The project will (1) determine what is known from the published literature about the preparation of preK–12 educators to teach engineering; (2) catalogue existing US pre- and inservice programs that support the preparation and professional development of preK–12 engineering educators; (3) review formal (e.g., state certification) and informal (e.g., “badging”) mechanisms that are being or might be used to recognize expertise and support career pathway options for preK–12 teachers of engineering; and (4) explore the potential for four-year engineering and engineering technology programs to take a more active role in the preparation of teachers of preK–12 engineering. The 18-month study is led by the NAE in collaboration with the National Academies of Sciences, Engineering, and Medicine Board on Science Education. The principal product will be a consensus report with findings and recommendations. Public Understanding of Engineering Media Relations The NAE media relations office fielded numerous inquiries from journalists around the world in 2015 and actively pitched NAE-related stories and other engineering-related topics. Coverage included more than 400 stories about “The Next MacGyver” project (see below)—in outlets such as the New York Times, ABC’s Good Morning America, Science magazine, National Public Radio, the Los Angeles Times, and the Washington Post—and articles in the Boston Globe and San Diego Tribune about the Gordon and Draper prizes, respectively. NAE Communications Director Randy Atkins continued to report weekly “Engineering Innovation” pieces on the all-news radio station WTOP-FM (the most popular radio station in the Washington area) and Federal News Radio. The reports can also be heard on the NSF’s Science360 Internet radio site. The NAE features these reports on its own website (www.nae.edu/radio), and podcasts of the radio stories are available to millions of subscribers via iTunes. Public Relations The NAE continued to use social media to raise public awareness of engineering and its role in society and to increase recognition of the NAE. Throughout the year, the NAE sent tweets to media, corporate partners, and universities to help spread the word about NAE activities. 9 2 015 PROGRAM REPORTS Education, International Technology and Engineering Educators Association, and Council of State Science Supervisors. They are represented on the oversight committee and bring added visibility and credibility to the project. PROGRAM REPORTS The NAE “Spotlight on Engineering” enewsletter was redesigned to add video and photo capabilities. The newsletter provides information on engineering and policy activities of the National Academies, engineering news from around the world, special events, and other items of interest to more than 4,000 subscribers. Grand Challenges for Engineering The NAE’s Grand Challenges for Engineering movement—inspired by 14 “game-changing” goals outlined in an influential 2008 NAE report—is having far-reaching and growing impacts. The NAE Grand Challenge Scholars Program (GCSP), which combines curricular and extracurricular components to prepare students to take on these goals, is taking root at more and more colleges and universities across the country. In March, 122 schools signed a letter of commitment to President Obama pledging to graduate a minimum of 20 students per year who are specifically prepared to lead the way in solving large-scale problems, with the goal of training more than 20,000 formally recognized “Grand Challenge Engineers” over the next decade. This pledge was announced at the White House. In September the Chinese Academy of Engineering, US National Academy of Engineering, and Royal Academy of Engineering held the second Global Grand Challenges Summit (GGCS), in Beijing. US participation was sponsored by Lockheed Martin. The GGCS focused on themes of the NAE Grand Challenges report—sustainability, health, security/resilience, and joy of living—as well as education, energy, and infrastructure. Some 600 delegates attended, including nearly 200 student participants both in-person and via webcast around the globe. Top experts outlined ideas for international cooperation in addressing the NAE Grand Challenges and discussed them with each other and the audience. Among the speakers were Alibaba Group founder and executive chair Jack Ma, Queens University Belfast cybersecurity expert Maire O’Neill, and Princeton University sustainability expert and original NAE Grand Challenges report committee member Robert Socolow. The day before the summit was a Student Day during which undergraduate teams from the three host countries competed in pitching entrepreneurial ideas for addressing one or more of the NAE Grand Challenges. More information about the Grand Challenges for Engineering is available at www. engineeringchallenges.org. The Next MacGyver In celebration of National Engineers Week in February, the NAE and the University of Southern California’s Viterbi School of Engineering, in collaboration with the MacGyver Foundation and Lee Zlotoff (creator of the TV series “MacGyver”), launched a worldwide crowdsourcing competi- 10 NAE Almost 2,000 submissions were received and, through a screening process involving judges from both engineering and entertainment, 12 finalists were selected. From as far away as Australia, they include practitioners and scholars in STEM (science, technology, engineering, and mathematics) fields, seasoned and first-time writers, students, and an Internet personality. Show concepts ranged from science fiction thriller to comedy, classic spy, historical, and interactive crime drama. During a live pitch event at the Paley Center in Beverly Hills on July 28, the 12 finalists presented their show ideas and concept art before an esteemed panel of judges. Five winners were selected, each of whom received $5,000 and was paired with a successful Hollywood TV producer mentor to create an original TV pilot script. Expert engineers were also engaged to advise on engineering elements of the storylines. Information on the winners and their show ideas is available at www. TheNextMacGyver.com. Center for Engineering Ethics and Society (CEES) Becoming the Online Resource Center for Ethics in Engineering and Science In the second year of the project to expand the National Academy of Engineering’s Online Ethics Center (OEC; onlineethics.org) to be the go-to online source for critical resources and support for ethics and ethics education in science and engineering, the site was revised and relaunched. It has been redesigned to (1) connect resources; (2) provide resources on ethics topics and on how to teach ethics; (3) allow searching and browsing by type of resource, topic, or science and engineering field; and (4) enable better recognition of those who author and contribute resources. Over the next three years six content editorial boards will identify, develop, and evaluate materials to expand the collection; and, together with the Outreach and Engagement Group, will reach out to meet the needs of the site’s wide range of audiences. The focus areas of the content editorial boards are engineering; life and environmental sciences; computer, math, and physical sciences; social and behavioral sciences; research ethics; and international ethics. The project’s advisory committee includes leaders in ethics, the sciences, and engineering, and members of the three academies. The project is funded by the National Science Foundation, with the cooperation of the NAE’s sister Academies of Sciences and Medicine, and in collaboration with the Ethics Education Library (EEL) of the Center for the Study of Ethics in the Professions at the Illinois Institute of Technology. 11 2 015 PROGRAM REPORTS tion called “The Next MacGyver.” Sponsored by the United Engineering Foundation, Ford Motor Company, and Google, the project sought ideas for a scripted television show featuring a female engineer character in a leading role. The goal was to create a historic TV series that inspires young people, especially women, to pursue careers in engineering. PROGRAM REPORTS Infusing Ethics into the Development of Engineers The CEES advisory group invited faculty and administrators at US universities and colleges to submit activities at the associate’s, bachelor’s, or master’s level for engineering or engineering technology that prepare students for ethical practices, research, or leadership in engineering. Submissions were accepted until September 18 and had to meet two criteria: the activity should connect ethics to technical engineering content and it should include assessment, quantitative or qualitative, of whether its educational goals have been or are being met. An NAE selection committee reviewed the submissions and selected those that might serve as exemplars for broader adoption and adaptation. The resulting 25 exemplary programs—from short activities inserted in engineering courses to multiyear programs required of all students—will be featured in a report published in early 2016. Additional information about and materials from the exemplars will be included in the OEC collection (onlineethics.org). Information about the project is available at www.nae.edu/InfusingEthics.aspx. Workshop on Overcoming Challenges to Infusing Ethics in the Development of Engineers This project will convene current and emerging leaders in ethics and engineering who are working to improve the ethical development of engineering students at a workshop to (1) share their work, experiences, and lessons learned; (2) discuss strategies for overcoming institutional and cultural challenges; and (3) develop plans and collaborations for advancing efforts to infuse ethics into the development of engineers. Practicing engineers, engineering educators, and engineering ethics scholars will have both informal and guided opportunities at the workshop to strategize and develop plans for incorporating ethics in engineering curricula. The workshop will be held in January 2017. More information is available at www.nae.edu/ overcomingchallenges.aspx. Integrated Network for Social Sustainability (INSS) CEES is assisting the University of North Carolina–Charlotte with an Integrated Network for Social Sustainability (INSS), for researchers and practitioners, to bring attention to and refine public understanding of social sustainability. Broadly defined, social sustainability includes aspects of human welfare associated with community, quality of life, social justice, democratic process, education, and health and safety. This project seeks to convene qualified and diverse individuals to develop research, education, and outreach activities that illuminate the definition and components of social sustainability. In its third year, the network held a distributed virtual summit, at four sites in the United States and one abroad, where members shared case studies and experiences and worked toward articulating a more definitive and inclusive concept of social sustainability that engages practitioners and academics alike. The fourth annual INSS meeting, on “Communities and Connections,” will be held June 8–10, 2016, at eight sites, including the Keck Center in Washington. CEES leads the INSS Research Group, which has prepared a paper itemizing potential questions for a research agenda in social sustainability. More information is available at www. nae.edu/INSS.aspx. Sustainable Cities and Interdisciplinary International Education CEES is part of an NSF Partnership in International Research and Education (PIRE) grant led by Anu Ramaswami (University of Minnesota) that focuses on “Developing Low-Carbon Cities in the United States, China, and India through Inter-Disciplinary Integration across Engineering, Environmental Sciences, Social Sciences & Public Health.” The project is developing a transformative international research, education, and outreach program to assist in the development 12 NAE Diversity of the Engineering Workforce EngineerGirl Website The EngineerGirl website (www.EngineerGirl.org) was launched in 2001 as a project of the Committee on the Diversity of the Engineering Workforce to bring widespread attention to exciting career opportunities in engineering, particularly for girls and women. Since the site was redesigned in 2012 to more effectively engage a modern audience, it has enjoyed a steady increase in traffic: in 2015 the number of sessions—59,900 per month—and unique visits—49,500 per month—were up 33 percent from 2014. EngineerGirl hosts a number of ongoing programs to provide answers and information for students. In 2015 through the Ask an Engineer section, where students can ask questions about a career from practicing engineers, 178 new answers were posted online. To showcase the many opportunities available to engineers, a new field of earth resources engineering was added to the Try on a Career Section, thanks to the generous support of the Chevron Corporation, and 39 new profiles of practicing engineers were added to the Directory of Women Engineers. In addition to providing students with the tools, knowledge, and inspiration to consider engineering careers, the site hosts an annual national essay contest to encourage students to explore how engineers impact the world. The 2015 contest, on “Engineering in Sports,” asked girls and boys in grades 3–12 to describe the engineering behind a technology used in a sport they enjoy. The 678 entries came from 46 states, the District of Columbia, and Puerto Rico as well as 10 foreign countries. First, second, and third prize winners were selected for each of three grade categories. The winners received monetary prizes and certificates, and the winning essays are available online at www.EngineerGirl.org/2015Winners.aspx. 13 2 015 PROGRAM REPORTS of low-carbon, resource-efficient, healthy cities in the United States, China, and India. CEES assisted in organizing and hosting a workshop at the NAS Building in August 2015 to present the results of the partnership and its educational program. The workshop included a session on ethics and ethics education for sustainable urban futures. The OEC will compile a list of educational resources on the topics and produce a short video from the workshop. More information, including the names of the other project partners, is available at www.nae.edu/Projects/ CEES/57196/70831.aspx. PROGRAM REPORTS The large number of visits and engagement on the website suggest that girls around the world are learning valuable information that will help them chart their careers. Feedback from a survey of participants in the 2015 essay competition confirmed that EngineerGirl continues to make a difference. From 479 student responses, 71 percent of girls (and 60 percent of boys) said the site and the contest changed their views about engineering, and 39 percent of the respondents indicated that the site caused them to consider becoming an engineer, thus underscoring the importance of compelling online information for students about engineering careers. Frontiers of Engineering The Frontiers of Engineering (FOE) symposium series brings together emerging engineering leaders from industry, academia, and government laboratories to discuss pioneering technical work and leading-edge research in various engineering fields and industrial sectors. The goals of the symposia are to (1) introduce outstanding young engineers (ages 30–45) to each other and promote the establishment of contacts among the next generation of engineering leaders, and (2) facilitate collaboration and the transfer of techniques and approaches across engineering fields in order to sustain and build US innovative capacity. The annual US Frontiers of Engineering (US FOE) Symposium brings together approximately 100 engineers from across the country. There are also five bilateral programs: (1) German-American Frontiers of Engineering (GAFOE), in partnership with the Alexander von Humboldt Foundation; (2) Japan-America Frontiers of Engineering (JAFOE), in partnership with the Engineering Academy of Japan; (3) Indo-American Frontiers of Engineering (IAFOE), in partnership with the Indo-US Science and Technology Forum; (4) China-America Frontiers of Engineering (CAFOE), in partnership with the Chinese Academy of Engineering; and (5) EU-US Frontiers of Engineering (EUUS FOE), in partnership with the European Council of Applied Sciences, Technologies, and Engineering. Three symposia were held in 2015. The GAFOE meeting was held in April in Potsdam, Germany, and the topics were nano- to microrobotics, particle accelerators and their applications, synthetic membranes and their applications, and 14 NAE FOE encourages continued interaction among symposium participants through ongoing outreach activities. Yearly proceedings, such as Frontiers of Engineering: Reports on Leading-Edge Engineering from the 2014 Symposium (published in February 2015), are mailed to US FOE participants. The FOE website (www.naefrontiers.org) includes a searchable database and directory of all FOE alumni, an FOE Community section where alumni can share news, an FOE Alumni Spotlight on participants’ research and technical work, and programs, papers, presentation slides, and video from the FOE symposia. An FOE alumni newsletter is published twice a year. The Grainger Foundation Frontiers of Engineering Grants enable further pursuit of new interdisciplinary research and technical work stimulated by the conference and support participants’ continuing interactions. In 2015 these grants were awarded to two teams of individuals who attended the 2014 US FOE meeting. Andrea Alù (University of Texas at Austin) and Luke Sweatlock (Northrop Grumman Aerospace Systems) received a grant to research the limits of thermal management and radio-communications using time-modulated metasurfaces. Danielle Tullman Ercek (University of California, Berkeley) and David Mascareñas (Los Alamos National Laboratory) received a grant to develop a programmable structural adhesive capable of selfdegradation of its structural properties at a specified time after being triggered by an appropriate stimulus. The Alexander von Humboldt Foundation and the Indo-US Science and Technology Forum also provide support for ongoing collaborations among participants in the GAFOE and IAFOE symposia, respectively. The following sponsors provided grants or in-kind support for the 2015 FOE symposia: The Grainger Foundation, National Science Foundation, Defense Advanced Research Projects Agency, Air Force Office of Scientific Research, DOD–ASDR&E Research Directorate–STEM Development Office, Microsoft Research, Cummins Inc., and individual donors. Armstrong Endowment for Young Engineers—Gilbreth Lectures The Armstrong Endowment for Young Engineers—Gilbreth Lectures, a related but independent program, selects outstanding engineers from among FOE speakers to give presentations at the NAE annual and national meetings. In 2015 four speakers delivered Gilbreth lectures at the National Meeting on February 5 in Irvine. Dennis Hong (University of California, Los Angeles) spoke on “Biologically Inspired Mobile Robots”; Julia Greer (California Institute of Technology) gave a presentation on “Mechanics and Physics of Nanosolids in Designing 3-D Hierarchical Metamaterials”; 15 2 015 PROGRAM REPORTS protecting user privacy in the age of big data. For the CAFOE symposium in June at the Beckman Center, the topics were advanced manufacturing, big data, clean water, and devices for health care. At the US FOE meeting in September, also at the Beckman Center, presentations addressed cybersecurity and privacy, engineering the search for Earth-like exoplanets, optical and mechanical metamaterials, and forecasting natural disasters. PROGRAM REPORTS Todd Coleman (University of California, San Diego) spoke about “Smart Skin Sensors and Analytics in the Cloud to Advance the Frontiers of Wearable Health”; and Richard Marks (Sony Computer Entertainment) gave a talk on “Moving Innovative Game Technology from the Lab to the Living Room.” Manufacturing, Design, and Innovation Transformational changes are occurring in US-based manufacturing, design, and innovation. US manufacturing employment is significantly affected by increasing globalization and factory automation. At the same time, innovations in technologies and business models—such as additive manufacturing, advanced sensors, and “servitization”—present opportunities for new value creation. The NAE created the Manufacturing, Design, and Innovation (MDI) Initiative to understand the effects of these changes on US prosperity and employment and their implications for business practices, research, education, and public policy. Making Value for America: Embracing the Future of Manufacturing, Technology, and Work This NAE study examined how recent developments in technologies and business models are influencing manufacturing and high-tech industries in the United States. Established in August 2013, the study committee released its report in March 2015, outlining the challenges and opportunities facing US businesses and workers and presenting recommendations for a variety of private and public actors to strengthen American innovation in manufacturing and high-tech services. Briefings were held for industry groups, government officials (including White House and Congressional staff), and academics. The study was chaired by NAE member Nicholas M. Donofrio, former executive vice president for innovation and technology at IBM; and the committee included NAE members Lawrence D. Burns, Dean Kamen, Linda P.B. Katehi, Ann L. Lee, Arun Majumdar, Jonathan J. Rubinstein, and John J. Tracy. Financial support for the study was provided by Robert A. Pritzker and the Robert Pritzker Family Foundation, Gordon E. Moore, Cummins, Boeing, IBM, Rockwell Collins, Xerox, Jon Rubinstein, Qualcomm, and Edward Horton. Center-Based Engineering Research This 21-month, NSF-funded project, “A Vision for the Future of Center-Based, Multidisciplinary Engineering Research,” is developing a vision and high-level strategic recommendations for the future of NSF-supported center-scale, multidisciplinary engineering research. The project is jointly overseen by the NAE and National Materials and Manufacturing Board. The study will focus on the forces that are likely to shape engineering research, education, and technological innovation in the future, identifying associated challenges and opportunities, and evaluating the most promising models and approaches to successfully address them. It will consider models of largescale, multidisciplinary engineering research in the United States and other parts of the world; NSF’s Engineering Research Centers will be used as prominent examples or cases in the study, 16 NAE 17 2 015 PROGRAM REPORTS but the intent is not to evaluate them. The 19-member committee is cochaired by NAE members Maxine Savitz (Honeywell, ret.) and David Walt (Tufts University). Other NAE members on the panel are Nadine Aubry (Northeastern University), Cheryl R. Blanchard (Microchips Biotech, Inc.), Robert Brown (Georgia Institute of Technology), Philip M. Neches (Teradata Corp.), Richard F. Rashid (Microsoft Corp.), Shankar Sastry (University of California, Berkeley), and Yannis Yortsos (University of Southern California). NAS member Monica Olvera de la Cruz (Northwestern University) also serves on the committee. The project aims to deliver a prepublication version of its report in January 2017 and the final report in April 2017. 2015 NAE AWARDS RECIPIENTS Charles Stark Draper Prize for Engineering Recognized as one of the world’s preeminent awards for engineering achievement, this prize honors an engineer or engineers whose contributions have significantly improved the quality of life, enabled people to live more freely and comfortably, and/or permitted access to information. Presented annually, the prize carries a $500,000 cash award, an inscribed certificate, and a commemorative medallion. Nick Holonyak, Jr., M. George Craford, Russell D. Dupuis, Isamu Akasaki, and Shuji Nakamura “for the invention, development, and commercialization of materials and processes for lightemitting diodes (LEDs).” Nick Holonyak, Jr. M. George Craford Russell D. Dupuis Isamu Akasaki Shuji Nakamura Fritz J. and Dolores H. Russ Prize The Russ Prize is awarded in recognition of an outstanding achievement in bioengineering that improves the human condition. Presented biennially, the prize carries a $500,000 cash award and a commemorative medallion. Graeme M. Clark, Erwin Hochmair, Ingeborg J. Hochmair-Desoyer, Michael M. Merzenich, and Blake S. Wilson “for engineering cochlear implants that enable the deaf to hear.” Graeme M. Clark Erwin Hochmair 18 Ingeborg J. Michael M. Hochmair-Desoyer Merzenich Blake S. Wilson For additional information about the NAE awards, please visit our website, www.nae.edu/awards. Bernard M. Gordon Prize for Innovation in Engineering and Technology Education The Gordon Prize for Innovation in Engineering and Technology Education honors technology educators whose innovative programs have strengthened the engineering workforce by cultivating students’ leadership, creativity, and teamwork skills. The Gordon Prize is presented annually and awards a cash prize of $500,000, shared between the educator(s) and the educational institution, to support continuation of the award-winning program. The recipients also receive an inscribed certificate and a commemorative medallion. Simon Pitts and Michael B. Silevitch “for developing an innovative method to provide graduate engineers with the necessary personal skills to become effective engineering leaders—Northeastern University.” Simon Pitts Michael B. Silevitch Simon Ramo Founders Award The Simon Ramo Founders Award is given in recognition of an NAE member or foreign member who has exemplified the ideals and principles of the NAE through professional, educational, and personal achievement and accomplishment. It is presented annually during the NAE annual meeting, and the recipient receives an inscribed certificate and a commemorative medal. Linda P.B. Katehi “for visionary leadership in engineering research, entrepreneurship, and education, and for national advocacy of higher education as a major driver of the US economy.” Arthur M. Bueche Award The Bueche Award honors an engineer who has been actively involved in advancing US science and technology policy, promoting US technological development, and enhancing relations between industry, government, and universities. Presented annually during the NAE annual meeting, the recipient receives an inscribed certificate and a commemorative medal. William F. Banholzer William F. Banholzer “for his extraordinary record of new products commercialization and improvement in universityindustry relationships through innovative intellectual property treatment and joint industry-academic funding.” 19 Linda P.B. Katehi 2015 NEW MEMBERS AND FOREIGN MEMBERS 2015 NEW MEMBERS AND FOREIGN MEMBERS In February, NAE elected 67 new members and 12 foreign members, bringing the total US membership to 2,263 and the number of foreign members to 221. Election to the National Academy of Engineering is among the highest professional distinctions accorded to an engineer. Academy membership honors those who have made outstanding contributions to “engineering research, practice, or education, including, where appropriate, significant contributions to the engineering literature,” and to the “pioneering of new and developing fields of technology, making major advancements in traditional fields of engineering, or developing/ implementing innovative approaches to engineering education.” A list of the newly elected members and foreign members follows, with their primary affiliations at the time of the induction ceremony, October 4, 2015. NEW MEMBERS Atwater, Jr., Harry A. California Institute of Technology Balakrishnan, Hari Massachusetts Institute of Technology Bardasz, Ewa A. Zual Associates in Lubrication LLC Bhatia, Sangeeta N. Massachusetts Institute of Technology Blanchard, Cheryl R. Microchips Biotech, Inc. Bowcutt, Kevin G. The Boeing Company Bray, Jonathan D. University of California, Berkeley Brown, Emery N. Harvard Medical School/Massachusetts General Hospital Bush, Wesley G. Northrop Grumman Corporation Caulkins, Jonathan P. Carnegie Mellon University Chandrakasan, Anantha P. Massachusetts Institute of Technology Das, Santosh K. Polymer Technologies, Inc. Daubechies, Ingrid Duke University Divan, Deepakraj M. Georgia Institute of Technology Elsworth, Derek Pennsylvania State University Evans, Eric D. MIT Lincoln Laboratory Fonck, Raymond J. University of Wisconsin-Madison Ghani, Tahir Intel Corporation Gharib, Morteza (Mory) California Institute of Technology Girod, Bernd Stanford University Gleason, Karen K. Massachusetts Institute of Technology Goebel, Dan M. Jet Propulsion Laboratory/California Institute of Technology Grubbs, Robert H. California Institute of Technology Guha, Supratik University of Chicago Hamburger, Ronald O. Simpson Gumpertz & Heger, Inc. Henry, Robert E. Fauske & Associates, LLC Hering, Janet G. Swiss Federal Institute of Aquatic Science and Technology (Eawag) Hsieh, J. Jim Sheaumann Laser Inc. Hsieh, Ming Fulgent Therapeutics Hu, S. Jack University of Michigan Jahns, Thomas M. University of Wisconsin-Madison Jovanovic, Milan M. Delta Products Corporation Kleinberg, Robert L. Schlumberger-Doll Research Klier, John The Dow Chemical Company Konikow, Leonard F. US Geological Survey 20 NAE Tsapatsis, Michael University of Minnesota, Minneapolis Van Trees, Harry L. George Mason University Wagner, Norman J. University of Delaware Wiesner, Mark R. Duke University Wood, Eric F. Princeton University Wynne, James J. IBM Thomas J. Watson Research Center Yang, Vigor Georgia Institute of Technology Yao, David D. Columbia University Yoganathan, Ajit P. Georgia Institute of Technology NEW FOREIGN MEMBERS Couvreur, Patrick University of Paris-Sud XI, France Freeze, R. Allan R. Allan Freeze Engineering Inc., Canada Gladden, Lynn F. University of Cambridge, United Kingdom Jameson, Graeme John University of Newcastle, Australia Liñán, Amable Polytechnic University of Madrid, Spain Martins, Nelson Electrical Energy Research Center (CEPEL), Brazil Nakashima, Masayoshi Kyoto University, Japan Nethercot, David A. Imperial College London, United Kingdom Nørskov, Jens Kehlet Stanford University Shahidi, Ghavam IBM Thomas J. Watson Research Center van Loosdrecht, Mark C.M. Delft University of Technology, Netherlands Vetterli, Martin Ecole Polytechnique Fédérale de Lausanne, Switzerland 21 2 015 2015 NEW MEMBERS AND FOREIGN MEMBERS Kullman, Ellen J. E.I. du Pont de Nemours & Company Liu, Philip Li-Fan Cornell University Lonberg, Nils Bristol-Myers Squibb Company McClendon, Brian Google Inc. Mitragotri, Samir University of California, Santa Barbara Muellner, George Kenneth The Aerospace Corp. Myers, Kyle J. Food and Drug Administration Perlman, Radia EMC Corporation Powers, Dana A. Sandia National Laboratories Radke, Clayton J. University of California, Berkeley Ravichandran, Guruswami California Institute of Technology Reddy, J.N. Texas A&M University-College Station Reif, L. Rafael Massachusetts Institute of Technology Rometty, Virginia M. IBM Corporation Rus, Daniela Massachusetts Institute of Technology Srolovitz, David J. University of Pennsylvania Stephens, Graeme L. Jet Propulsion Laboratory/California Institute of Technology Sulzberger, Virginia C. North American Electric Reliability Corporation Szeliski, Richard Microsoft Corporation Temes, Gabor C. Oregon State University Theodorou, Doros N. National Technical University of Athens Todd, Michael J. Cornell University Towler, Gavin P. UOP LLC NAE ANNIVERSARY MEMBERS NAE ANNIVERSARY MEMBERS 50 YEARS Simon Ramo 45 TO 49 YEARS Names in bold celebrated their 45th year in 2015. Gene M. Amdahl* Leo L. Beranek R. Byron Bird Harold Brown Arthur E. Bryson Ray W. Clough Edward E. David, Jr. Don U. Deere Jay W. Forrester John S. Foster, Jr. Earnest F. Gloyna Richard J. Grosh Jerrier A. Haddad William J. Hall Woodrow E. Johnson Christopher C. Kraft, Jr. J. Ross Macdonald John J. McKetta, Jr. Brockway McMillan George E. Mueller* Hilliard W. Paige William J. Perry Dean A. Watkins Robert M. White* 40 TO 44 YEARS Names in bold celebrated their 40th year in 2015. William G. Agnew Betsy Ancker-Johnson Arthur G. Anderson Stephen D. Bechtel, Jr. Donald L. Bitzer B. Paul Blasingame Andrew H. Bobeck Bruno A. Boley Lewis M. Branscomb P.L. Thibaut Brian Norman H. Brooks J. Fred Bucy Robert H. Cannon, Jr. Joseph V. Charyk Stuart W. Churchill Edward Cohen Malcolm R. Currie Robert M. Drake, Jr. Mildred S. Dresselhaus James L. Everett III Robert M. Fano A.J. Field Morris E. Fine* Peter T. Flawn Robert A. Frosch Ivar Giaever James F. Gibbons Ralph E. Gomory Roy W. Gould Paul E. Gray John C. Hancock Thomas J. Hanratty John P. Hirth Nick Holonyak, Jr. Arthur E. Humphrey James R. Johnson T. William Lambe Salomon Levy C. Gordon Little Robert G. Loewy Alan M. Lovelace Fujio Matsuda Gordon H. Millar Joseph H. Newman Robert Plunkett David S. Potter Leslie E. Robertson Harold A. Rosen Ivan E. Sutherland Morris Tanenbaum Ping King Tien Myron Tribus James G. Wenzel Robert L. Wiegel Herbert H. Woodson Lotfi A. Zadeh 35 TO 39 YEARS Names in bold celebrated their 35th year in 2015. Egil Abrahamsen H. Norman Abramson Andreas Acrivos Clarence R. Allen John G. Anderson Alfredo H-S. Ang Seymour Baron Wallace B. Behnke C. Gordon Bell Daniel Berg Donald C. Berkey Elwyn Berlekamp Erich Bloch John E. Breen William B. Bridges Frederick P. Brooks, Jr. Per V. Bruel* Lloyd S. Cluff Fernando J. Corbato Harvey G. Cragon Charles Crussard* Jose B. Cruz, Jr. Elio D’Appolonia* John F. Davidson Robert C. Dean, Jr. Raymond F. Decker Anthony J. DeMaria John E. Dolan Ira Dyer Rex A. Elder Leo Esaki Von R. Eshleman Robert R. Everett Thomas E. Everhart Joseph Feinstein Steven J. Fenves James L. Flanagan* Merton C. Flemings Douglas W. Fuerstenau Yuan-Cheng B. Fung Theodore V. Galambos Robert G. Gallager William J. Galloway *Deceased 22 NAE Carl L. Monismith Gordon E. Moore James J. Morgan Walter E. Morrow, Jr. Karl H. Norris Simon Ostrach Norman F. Parker C. Kumar N. Patel Harold W. Paxton J.R. Anthony Pearson Marc J. Pelegrin Stanford S. Penner Jacques Peters Karl S. Pister John M. Prausnitz Ronald F. Probstein John A. Quinn James R. Rice Herbert H. Richardson Lawrence G. Roberts Anatol Roshko Dale F. Rudd Allen S. Russell Jean E. Sammet Roland W. Schmitt Oleg D. Sherby* Paul G. Shewmon Masanobu Shinozuka Mete A. Sozen Roger W. Staehle Morris A. Steinberg Theodore Stern Lawrence E. Swabb, Jr. George W. Swenson, Jr. Charles E. Taylor Daniel M. Tellep Kenneth Thompson Marshall P. Tulin Thomas A. Vanderslice Gregory S. Vassell Anestis S. Veletsos Andrew J. Viterbi John B. Wachtman, Jr. William M. Webster Wilford F. Weeks Johannes Weertman James Wei Jasper A. Welch, Jr. Lloyd R. Welch Robert H. Wertheim Albert R.C. Westwood Gerald L. Wilson Amnon Yariv Alfred A. Yee Laurence R. Young 30 TO 34 YEARS Names in bold celebrated their 30th year in 2015. Jan D. Achenbach Mihran S. Agbabian Dell K. Allen William A. Anders Arthur Ashkin Norman R. Augustine Lionel O. Barthold Arden L. Bement, Jr. Nicolaas Bloembergen John G. Bollinger Klaus D. Bowers Alfred Y. Cho Anil K. Chopra John V. Christiansen John L. Cleasby W. Dale Compton Philip M. Condit Paul M. Cook Robert C. Crooke L. Eric Cross James W. Dally Daniel B. DeBra F. Paul de Mello Robert H. Dennard James M. Duncan Peter S. Eagleson Charles A. Eckert Richard E. Emmert Joseph F. Engelberger* John V. Evans John C. Fisher C. David Forney, Jr. Charles A. Fowler Donald C. Fraser Harry C. Gatos Ralph S. Gens Richard J. Goldstein George S. Graff *Deceased 23 2 015 NAE ANNIVERSARY MEMBERS Richard L. Garwin Welko E. Gasich Ronald L. Geer Solomon W. Golomb John B. Goodenough George W. Govier Andrew S. Grove Robert N. Hall Stephen E. Harris George N. Hatsopoulos Robert W. Hellwarth Joseph M. Hendrie Edward E. Hood, Jr. Charles L. Hosler, Jr. Michel Hug Noel Jarrett George W. Jeffs Paul C. Jennings Robert L. Johnson Eneas D. Kane William M. Kays Bernard H. Kear Herbert H. Kellogg Jack L. Kerrebrock Gordon S. Kino Leonard Kleinrock Herwig Kogelnik Henry Kressel William W. Lang Griff C. Lee Milton Levenson Edwin N. Lightfoot, Jr. William R. Lucas Robert W. Lucky Louis C. Lundstrom* John D. Mackenzie Artur Mager Enrique A.J. Marcatili Hans Mark Robert D. Maurer John S. Mayo Perry L. McCarty William J. McCune, Jr. Ross E. McKinney Charles J. McMahon, Jr. James D. Meindl Harry W. Mergler James K. Mitchell Johannes Moe NAE ANNIVERSARY MEMBERS Paul Eliot Green, Jr. Hermann K. Gummel Robert S. Hahn Kent F. Hansen Robert D. Hanson Dean B. Harrington George A. Harter Kenneth E. Haughton Robert C. Hawkins Alfred J. Hendron, Jr. Cyril Hilsum David A. Hodges William G. Howard, Jr. John W. Hutchinson Erich P. Ippen Irwin M. Jacobs Trevor O. Jones Thomas Kailath C. Judson King Leonard J. Koch Max A. Kohler James N. Krebs Butler W. Lampson J. Halcombe Laning Ronald M. Latanision Shih-Ying Lee George Leitmann John W. Leonard Peter W. Likins Raymond C. Loehr Joseph C. Logue Dan Luss John W. Lyons John B. MacChesney Robert Malpas James W. Mar Hudson Matlock* Alan L. McWhorter Carver A. Mead Robert Mehrabian Seymour L. Meisel* Richard C. Messinger Franklin K. Moore Norman A. Nadel Hyla S. Napadensky Robin B. Nicholson Thomas K. Perkins Lawrence R. Rabiner Raj Reddy Eli Reshotko Gustavo Rivas-Mijares Walter L. Robb Stanley T. Rolfe Ronald E. Rosensweig James F. Roth Donald G. Russell* Irwin W. Sandberg John H. Schmertmann Lucien A. Schmit, Jr. William R. Schowalter John H. Seinfeld Eugene Sevin Charles V. Shank Eugene D. Shchukin John Brooks Slaughter George E. Smith Kenneth A. Smith Ponisseril Somasundaran Fred Sterzer Henry E. Stone Joseph F. Sutter Nickolas J. Themelis Joseph F. Traub* George L. Turin Walter J. Weber, Jr. Vern W. Weekman, Jr. Sheldon Weinig John F. Welch, Jr. Willis S. White, Jr. Sheila E. Widnall Edward L. Wilson Theodore Y. Wu Takeo Yokobori Dante C. Youla Paul Zia 25 TO 29 YEARS Names in bold celebrated their 25th year in 2015. Zhores I. Alferov Richard C. Alkire Frances E. Allen Stig A. Annestrand Thomas R. Anthony Frank F. Aplan Minoru S. (Sam) Araki Ali S. Argon John A. Armstrong Michael F. Ashby Bishnu S. Atal David Atlas* David H. Auston Earl E. Bakken William F. Ballhaus, Jr. Robert G. Bea George A. Bekey Alexis T. Bell John A. Betti David P. Billington Joel S. Birnbaum Richard E. Blahut Kenneth A. Blenkarn Geoffrey Boothroyd H. Kent Bowen Donald A. Brand James E. Broadwell Robert W. Brodersen Walter L. Brown Robert D. Burnham Robert L. Byer James D. Callen Robert P. Caren Michael M. Carroll William J. Carroll Edwin L. Carstensen John R. Casani Kenneth E. Case John F. Cashen Ben H. Caudle Nai Y. Chen Herbert S. Cheng William A. Chittenden Richard M. Christensen Jon F. Claerbout Robert P. Clagett Rodney J. Clifton G. Wayne Clough Keith H. Coats James M. Coleman Harry M. Conger Robert W. Conn Lynn A. Conway Richard A. Conway *Deceased 24 NAE Edward A. Hiler Narain G. Hingorani Yu-Chi Ho Lester A. Hoel John E. Hopcroft John H. Horlock Chieh-Su Hsu Lee A. Iacocca Izzat M. Idriss Anthony J. Iorillo Stephen C. Jacobsen Robert B. Jansen Marvin E. Jensen James O. Jirsa Ellis L. Johnson G. Frank Joklik Angel G. Jordan Frank D. Judge Robert E. Kahn Melvin F. Kanninen Charles K. Kao George E. Keller II Makoto Kikuchi Robert H. Kingston Albert S. Kobayashi Bernard L. Koff Roger Lacroix James Lago Louis J. Lanzerotti Kaye D. Lathrop Gerald D. Laubach L. Gary Leal James U. Lemke Martin P. Lepselter Norman N. Li Barbara H. Liskov John D.C. Little Benjamin Y.H. Liu Daniel P. Loucks Albert Macovski George A. Maneatis John L. Mason Robert F. Mast James F. Mathis Shiro Matsuoka Adolf D. May Bill B. May John C. McDonald Chiang C. Mei David G. Messerschmitt William F. Miller Keith K. Millheim Marvin L. Minsky Harold Mirels James W. Mitchell Sanjoy K. Mitter Joe H. Mize Joel Moses C.D. (Dan) Mote, Jr. Roddam Narasimha Albert Narath Stuart O. Nelson George L. Nemhauser Robert M. Nerem Arun N. Netravali J. Nicholas Newman William D. Nix Ronald P. Nordgren J. Tinsley Oden William G. Oldham Alan V. Oppenheim Robert B. Ormsby, Jr. Carel Otte Morton B. Panish Jacques I. Pankove Frank L. Parker Ronald R. Parker Bradford W. Parkinson Donald R. Paul J. Randolph Paulling Val P. Peline Arno A. Penzias Donald E. Petersen Emil Pfender Dennis J. Picard R. Byron Pipes Robert Plonsey John William Poduska, Sr. Michael Prats William R. Prindle Donald E. Procknow Edwin P. Przybylowicz Robert A. Rapp Robert H. Rediker Jerome G. Rivard Ronald L. Rivest *Deceased 25 2 015 NAE ANNIVERSARY MEMBERS Harry E. Cook Edward J. Cording Lawrence B. Curtis Ernest L. Daman Morton M. Denn Frederick H. Dill Stephen W. Director Irwin Dorros James J. Duderstadt Russell D. Dupuis Lloyd A. Duscha Dean E. Eastman Robert J. Eaton James Economy Helen T. Edwards Charles Elachi Gerard W. Elverum Tony F.W. Embleton Thomas V. Falkie Frank F. Fang Edward A. Feigenbaum Robert E. Fischell John W. Fisher Robert C. Forney Alan B. Fowler Judson C. French Elsa M. Garmire David B. Geselowitz Jerome B. Gilbert Alastair M. Glass George J. Gleghorn W. Barney Gogarty Marvin E. Goldstein Mary L. Good Joseph W. Goodman Arthur C. Gossard William W. Graessley Paul R. Gray Keith E. Gubbins Bacharuddin J. Habibie Donald L. Hammond Juris Hartmanis Michael Hatzakis Siegfried S. Hecker L. Louis Hegedus Adam Heller Robert J. Hermann Arthur H. Heuer NAE ANNIVERSARY MEMBERS Enders A. Robinson Ignacio Rodriguez-Iturbe Larry A. Roesner Ronald A. Rohrer Robert K. Roney Murray W. Rosenthal Herbert B. Rothman* Della M. Roy Eli Ruckenstein T.W. Fraser Russell Elbert L. Rutan Chih-Tang Sah Eugene C. Sakshaug Gavriel Salvendy Harold N. Scherer, Jr. Alan Schriesheim Frank J. Schuh Charles D. Scott Norman R. Scott Laurence C. Seifert Don W. Shaw Michael L. Shuler William H. Silcox* Leonard M. Silverman Merrill I. Skolnik Henry I. Smith Leroy H. Smith, Jr. James J. Solberg Ephraim M. Sparrow William J. Spencer Fred I. Stalkup Charles V. Sternling Richard G. Strauch William D. Strecker Ben G. Streetman John H. Sununu Chung L. Tang Byron D. Tapley Robert E. Tarjan David A. Thompson Larry F. Thompson Charles E. Till Neil E. Todreas Jeffrey D. Ullman Walter G. Vincenti Raymond Viskanta Daniel I.C. Wang Dianzuo Wang Kuo K. Wang William J. Ward III Julia R. Weertman Irwin Welber Arthur W. Westerberg John A. White, Jr. Robert M. White Janusz S. Wilczynski Forman A. Williams James C. Williams Ward O. Winer John J. Wise Eugene Wong Jerry M. Woodall David A. Woolhiser Israel J. Wygnanski Loring A. Wyllie, Jr. Moshe Zakai Abe M. Zarem Jacob Ziv *Deceased 26 NAE I am pleased to report on a healthy fundraising year. Thanks to the generosity of more than 730 members and donors, we were able to raise over $3.7 million in new cash and pledges in 2015 to support our efforts to strengthen the engineering profession and engage the public about the opportunities that arise from engineering. Over $1.7 million (almost 50 percent of the funds raised) was for unrestricted purposes, including $1.3 million to the NAE Independent Fund and $377,000 for the President’s Initiatives Fund. This would Corale Brierley equate to a $38 million endowment equivalent assuming a 4.5 percent draw that could be used as flexible funds.1 These unrestricted funds are vital to the NAE. They not only provide core support but allow us to initiate important new projects that lack federal funding and help expand the scope and impact of current programs. We also received $2 million for projects (restricted) including EngineerGirl, the Next MacGyver, public awareness and understanding of engineering, K–12 education, the Frontiers of Engineering (FOE) symposia, prizes, and other programs. Approximately $1.4 million (74 percent) of the restricted funding came from corporations and/or foundations. We also had 100 percent giving participation from the NAE Council—a sincere gesture of commitment by our leadership. This extraordinary philanthropic support provides for 30 percent of the NAE’s annual budget, and we are grateful for our donors’ confidence in our ability to use their contributions to serve the engineering community, students, policymakers, and the public. Below is a sampling of what the NAE accomplished with philanthropic support in 2015: • With support from Chevron, created LinkEngineering, a new website (www.linkengineering.org) to help preK–12 educators in the United States implement engineering education in classrooms and out-of-school settings. It provides the first-ever platform for K–12 teachers and informal educators to work and learn as a community toward improving the reach and quality of US precollege engineering education. • With support from the Lockheed Martin Corporation, we successfully cohosted the second annual Global Grand Challenges Summit with the Chinese Academy of Engineering (CAE) and Royal Academy of Engineering (RAE). It was held in September 2015 in Beijing and had record attendance of 600. Increased philanthropic support allowed us to expand the program to include a student business plan competition where 15 undergraduate teams presented entrepreneurial ideas tackling one or more of the NAE Grand Challenges for Engineering. • We hosted the second E4U Video Contest that encouraged students and the public to learn about and get interested in engineering. Funded by a $250,000 gift from ExxonMobil, the winners were announced at the 2015 annual meeting. • We published four highly acclaimed issues of The Bridge. This popular publication is primarily funded by your contributions to the NAE Independent Fund. In 2015 your support allowed us to make it more visually appealing by providing the resources to print this flagship publication in color. 1 It would be $34 million assuming a 5 percent draw. 27 2 015 2015 PRIVATE CONTRIBUTIONS A Message from NAE Vice President Corale Brierley 2015 PRIVATE CONTRIBUTIONS • With support from the United Engineering Foundation (UEF), we launched the Next MacGyver Competition. Top Hollywood producers teamed with the NAE, the University of Southern California’s Viterbi School of Engineering, and the MacGyver Foundation to engage the worldwide public in a competition to crowdsource ideas for a scripted TV series featuring a female engineer as the leading character. Less than 20 percent of engineering bachelor degrees are granted to women and recent trends have been declining. White House officials have asked, “What could Hollywood and our creative talent do to help make engineers and entrepreneurs the rock stars of the 21st century?” Much like CSI did for forensic science, positive portrayal of engineers in popular culture can help young people consider themselves in such a role. The top 5 finalists are currently shopping their scripts to various networks to pilot their scripts. After the blockbuster year of 2014, contributions slowed in 2015, especially in the first two quarters. This could be attributed to donor fatigue after the 50th Anniversary 4-year fundraising effort, for which many donors stretched their giving, and the tumultuous stock market at the end of December and into January. Some Highlights from 2015 The Fran and George Ligler Challenge for Section 2 got off to a great start in 2015. NAE member Fran Ligler and her husband George created this challenge to raise $100,000 by 2019 from Section 2 members and hopefully inspire other members to fund challenges for their sections. Of the 51 Section 2 members who gave in 2015, 22 increased their giving from 2014, 11 were new or lapsed donors, and 33 qualified for the Ligler Match. With close to $35,000, we are 1/3 of our way to reaching the goal— and this is only the first year of the 5-year effort. This is great news, and if we can keep up this pace of contributions we will exceed the goal for this challenge by the end of 2017. We launched the Ming and Eva Hsieh $250,000 Challenge at the annual meeting. This is a wonderful first gift from the Hsiehs, especially since Ming was just inducted in October 2015—it is great to see that they decided to get involved early. Their gift benefits the President’s Initiatives Fund. Over $800,000 is eligible to be matched by the Hsieh Challenge, surpassing the $250,000 goal. In response to the challenge 291 members made gifts; 140 were new or lapsed donors and 151 increased their giving from 2014. This was also a good tool to spur contributions at the end of the year, and helped bring about several new pledges, including four $80,000 pledges to reach the Einstein Society for a total of 8 new Einstein members and 25 new Golden Bridge Society members for the year. FEBRUARY COUNCIL DINNER AND FINANCIAL, TAX, AND ESTATE PLANNING SESSION In February 2015 the NAE hosted its annual council dinner in Newport Beach the night before the National Meeting with over 100 attendees. This dinner has become a tradition where members, donors, and friends in the area can interact with the NAE Council and meet, socialize, and hear about developments at the NAE. Art Geoffrion was presented with his Heritage Society Medal. For the third time, the NAE also hosted a Financial, Tax, and Estate Planning seminar just before the dinner, led by Cindy Sterling, certified financial planner. This seminar has become popular during the annual meeting and we wanted to offer members on the West Coast opportunities to learn more about making taxwise estate plans and how best to incorporate their philanthropic priorities. GOLDEN BRIDGE SOCIETY DINNER In conjunction with the 2015 annual meeting, President C. D. Mote, Jr. and his wife Patsy hosted some of the NAE’s most generous members and friends at the Golden Bridge Society Dinner at the Organization of American States on October 4. Among the supporters present, the newest donors were welcomed into the Academy’s three lifetime recognition societies, including 3 Einstein, 1 Golden Bridge, and 1 Heritage. 28 NAE The NAE received some remarkable gifts in 2015. While all contributions are greatly appreciated and make a difference in the work of the NAE, the following gifts show extraordinary leadership and commitment to the NAE. • Dan (’76) and Frances Berg for pledging $80,000 to benefit the NAE Independent Fund in honor of his 40th anniversary as a member. • Virginia Bugliarello for making a gift in memory of her late husband, NAE member George Bugliarello, in support of EngineerGirl. • Chevron Corporation, which generously provided over $330,000 for EngineerGirl and LinkEngineering. • Ross (’02) and Stephanie Corotis for pledging $80,000 to benefit the NAE Independent Fund. • The Charles Stark Draper Laboratory for contributing $236,000 to cover operating costs of the Draper Prize for the advancement of engineering and public education about engineering. • Dotty and Gordon (’12) England for their $60,000 gift in support of the NAE Independent Fund. • Martin E. (’96) and Lucinda Glicksman who pledged $80,000 to benefit the NAE Independent Fund. • Ming and Eva Hsieh who generously funded a $250,000 giving challenge to encourage others to support the NAE. Their gift benefitted the President’s Initiatives Fund. • The William R. Kenan Institute at NC State for a $150,000 pledge in support of EngineerGirl. • Lockheed Martin for a $500,000 pledge payment for the 2015 Global Grand Challenges Summit in Beijing. • Robin (’07) and Rose McGuire for $50,000 in support of K–12 engineering education. • Microsoft for its annual gift to support the Frontiers of Engineering (FOE) program. • Jane and Alan (’97) Mulally for directing Alan Mulally’s $50,000 prize monies from the J.C. Hunsaker Award back to the Academies. • Ohio University Foundation for contributing $636,000 to cover operating costs associated with awarding the Russ Prize recognizing engineering achievements that have a significant and widespread impact on society. • James M. Tien (’01) and Ellen S. Weston for pledging $80,000 to help increase the public’s awareness and understanding of engineering. • United Engineering Foundation for a $150,000 gift in support of the Next MacGyver, a project that leverages the power of Hollywood to get students interested in engineering. If you are interested in making a gift to the NAE, please contact Radka Nebesky, NAE director of development, at 202.334.3417 or [email protected]. Loyal Donors Gifts made regularly each year to the NAE demonstrate genuine commitment to our mission and goals. As a long-time donor who understands that every donation to the NAE is a choice to support an organization whose work I believe matters greatly, I thank the Loyalty Society members (page 36) who have contributed to the NAE for 20 years or more. Looking Ahead In 2016 we will focus on building the endowment to ensure the NAE’s long-term financial strength and to provide a sustained stream of income for keystone programs. We plan to offer more opportunities to learn about deferred giving and estate planning by hosting seminars in conjunction with selected regional meetings in addition to the estate planning brunch during the NAE annual meeting and other regular communication. If you are interested in making a planned gift to the NAE, or if you have already made a gift provision in your estate plans but have not yet notified us, please contact Jamie Killorin, director of gift planning, at 202.334.3833 or [email protected]. 29 2 015 2015 PRIVATE CONTRIBUTIONS NOTEWORTHY CONTRIBUTIONS 2015 PRIVATE CONTRIBUTIONS Without your philanthropic support, the NAE would not have a solid foundation from which to sustain its most successful projects and spearhead the creation of new and timely programs. The energetic participation of our members has always driven the NAE forward with crucial time, effort, and ideas. Our members are also vital to our fundraising success, both by making financial contributions of their own and by serving as advocates for the NAE and engineering to their peers. We sincerely appreciate your generosity and continual support. On behalf of the NAE Council, President Dan Mote, and myself, thank you very much for your contributions in 2015. Our supporting members, friends, partner corporations, foundations, government sponsors, and other organizations make all the difference in our ability to positively impact our world by being an advocate for engineering. I am grateful for your contributions, and look forward to your continued involvement in 2016. 2015 HONOR ROLL OF DONORS ANNUAL GIVING SOCIETIES The National Academy of Engineering gratefully acknowledges the following members and friends who made charitable contributions to the NAE, and those NAE members who supported the Committee on Human Rights, a joint committee of the three academies, during 2015. The collective, private philanthropy of these individuals has a great impact on the NAE and its ability to be a national voice for engineering. We acknowledge contributions made as personal gifts or as gifts facilitated by the donor through a donor-advised fund, matching gift program, or family foundation. New member Ming Hsieh (’15) and his wife Eva challenged all members and friends to increase their giving to the NAE in 2015 with a $250,000 challenge. This generous gift provides resources to programs aligned with the new NAE Strategic Plan. Donors who participated in the Hsieh Challenge are noted with the 9 symbol. Fran Ligler, a member of the NAE Council and Section 2, and her husband George pledged $100,000 to encourage giving by Section 2 members over the next 5 years or until the $100,000 goal is reached. The members who participated in the Ligler Challenge are noted with the # symbol. CATALYST SOCIETY $50,000+ Daniel and Frances Berg George* and Virginia Bugliarello9 Ross and Stephanie Corotis 9 Dotty and Gordon England 9 Ming and Eva Hsieh Robin K. and Rose M. McGuire9 Raymond S. Stata Friends John F. McDonnell 9 Robert C. and Marilyn G. Forney9 Frances and George Ligler Clayton Daniel and Patricia L. Mote Elisabeth Paté-Cornell Henry and Susan Samueli9 David E. Shaw Richard P. Simmons ROSETTE SOCIETY $25,000 to $49,999 Craig and Barbara Barrett Bharati and Murty Bhavaraju James O. Ellis, Jr. George and Ann Fisher 9Hsieh Challenge Challenge *Deceased #Ligler 30 NAE $10,000 to $24,999 Nadine Aubry and John L. Batton9 Stephen D. Bechtel, Jr.9 Gordon Bell Thomas and Becky Bergman Barry W. Boehm Paul F. Boulos9 David E. Daniel9 Lance and Susan Davis9 Nicholas M. Donofrio9 Martin E. and Lucinda Glicksman9 Paul and Judy Gray9 John O. Hallquist 9 Chad and Ann Holliday Michael W. Hunkapiller Kent Kresa Narayana and Sudha Murty Ronald and Joan Nordgren9 Roberto Padovani Larry* and Carol Papay Julie and Alton D. Romig, Jr.9 Howie Rosen and Susan Doherty9# Mendel Rosenblum and Diane Greene9 Henry M. Rowan* Richard J. Stegemeier9 Rosemary and George Tchobanglous9 Andrew and Erna* Viterbi9 John C. Wall Adrian Zaccaria9 John and Assia Cioffi9 Paul Citron and Margaret Carlson Citron9 # Philip R. Clark Joseph M. Colucci Rosemary L. and Harry M. Conger Stuart L. Cooper Richard W. Couch, Jr.9 Arthur Coury9 # Gary L. Cowger Natalie W. Crawford Robert L. Crippen Steven L. Crouch CHARTER SOCIETY $1,000 to $9,999 Linda M. Abriola Andreas and Juana Acrivos Ronald J. Adrian9 John and Pat Anderson9 John C. Angus Minoru S. Araki9 Ruth and Kenneth Arnold Wm. Howard Arnold* 9 R. Lyndon Arscott 9 Kamla* and Bishnu S. Atal9 Ken Austin9 Wanda M. and Wade Austin Amos A. Avidan9 Arthur B. Baggeroer 9 William F. Baker William F. Banholzer 9 Craig H. Benson Leo L. Beranek Peter J. Bethell9 Mark and Kathy Board Diane and Samuel W. Bodman9 Rudolph Bonaparte9 Lewis M. Branscomb9 Corale L. Brierley James A. Brierley Lenore and Rob Briskman Andrei Z. Broder Alan C. Brown9 Andrew Brown, Jr. Thomas and Miriam Budinger 9 # Stuart K. Card François J. Castaing Corbett Caudill9 Selim A. Chacour Chau-Chyun Chen9 Josephine Cheng Stephen Z.D. Cheng Weng C. Chew9 Sunlin Chou9 Uma Chowdhry9 MING & EVA HSIEH Many thanks to new member Ming Hsieh (’15) and his wife Eva for encouraging all members and friends to increase their giving to the NAE in 2015 by funding a $250,000 challenge. We are very grateful for those who supported this exciting initiative; $812,196 was given in response by members and friends. Proceeds will benefit programs aligned with the NAE Strategic Plan. Ming and Eva hope that this challenge will inspire other members and friends to give and catalyze additional philanthropy, just as Asad and Taj Madni and their 2013 Challenge spurred them to action. Private contributions are an investment in the NAE and they enable us to initiate projects that our members consider vital to the nation’s future. The NAE strengthens the engineering profession, promotes engineering education, and informs the public about the importance of engineering. Your gift, to any NAE fund, will help the implementation of the new strategic plan and build a stronger, more proactive NAE. 9Hsieh Challenge Challenge *Deceased #Ligler 31 2 015 2015 PRIVATE CONTRIBUTIONS CHALLENGE SOCIETY 2015 PRIVATE CONTRIBUTIONS Ruth A. David 9 L. Berkley Davis Carl de Boor 9 Pablo G. Debenedetti Mary and Raymond Decker Thomas B. Deen George E. Dieter9 Stephen W. Director9 Daniel W. Dobberpuhl Elisabeth M. Drake9 James J. Duderstadt Susan T. Dumais9 Robert and Cornelia Eaton Derek Elsworth9 Gerard W. Elverum9 John V. Evans9 Robert R. Everett Thomas E. Everhart James A. Fay* Robert E. Fenton Leroy M. Fingerson Tobie and Daniel J.* Fink9 Bruce A. Finlayson9 Anthony E. Fiorato Edith M. Flanigen Samuel C. Florman G. David Forney, Jr.9 Heather and Gordon Forward Charles A. Fowler9 William L. and Mary Kay Friend Douglas W. Fuerstenau9 Theodore V. Galambos Elsa M. Garmire and Robert H. Russell9 Donald P. Gaver Arthur Gelb Arthur and Helen Geoffrion Penny and Bill George, George Family Foundation9 Louis V. Gerstner, Jr. Nan and Chuck Geschke Don P. Giddens9# Paul H. Gilbert9 Richard D. Gitlin Eduardo D. Glandt 9 Earnest F. Gloyna Arthur L. and Vida F. Goldstein Mary L. Good Joseph W. Goodman W. David Goodyear 9 Paul E. Gray Hermann K. Gummel Eliyahou Harari9 James S. Harris, Jr.9 Wesley L. Harris9 Juris Hartmanis9 Kenneth E. Haughton Janina and Siegfried Hecker John L. Hennessy Janet G. Hering9 David and Susan Hodges Grace and Thom Hodgson9 Urs Hölzle Edward E. Hood, Jr. John R. Howell Evelyn L. Hu and David R. Clarke9 J. Stuart Hunter Ray R. Irani Mary Jane Irwin Kenji Ishihara Joan and Irwin Jacobs Wilhelmina and Stephen Jaffe Leah H. Jamieson George W. Jeffs James O. Jirsa9 Barry C. Johnson Michael R. Johnson G. Frank Joklik Anita K. Jones James W. Jones9 Aravind K. Joshi9 Kahle/Austin Foundation9 Eric W. Kaler Paul and Julie Kaminski Melvin F. Kanninen John and Wilma Kassakian James R.* and Isabelle Katzer Michael C. Kavanaugh9 Hossein Kazemi9 Leon M. Keer9 Mary and Howard* Kehrl9 Jon E. Khachaturian9 Chaitan Khosla and Susi EbertKhosla9 Judson and Jeanne King9 Diana S. and Michael D. King9 James L. Kirtley Robert L. Kleinberg9 Albert S. Kobayashi U. Fred Kocks9 Robert M. and Pauline W. Koerner9 Charles E. Kolb, Jr. Demetrious Koutsoftas9 Thomas F. Kuech Ellen J. Kullman9 Michael R. Ladisch9 # Richard T. Lahey, Jr.9 Louis J. Lanzerotti9 David C. Larbalestier 9 Ronald M. Latanision9 Cato and Cynthia Laurencin Enrique J. Lavernia9 James U. Lemke Ronald K. Leonard Frederick J. Leonberger 9 Burn-Jeng Lin Richard J. Lipton9 Jack E. Little Robert G. Loewy J. David Lowell 9 William J. MacKnight9 Thomas and Caroline Maddock Asad M., Gowhartaj, and Jamal Madni 9 Artur Mager 9 Arunava Majumdar Thomas J. Malone9 Henrique S. Malvar David A. Markle W. Allen Marr John L. Mason9 Robert D. Maurer Jyotirmoy Mazumder 9 Larry V. McIntire9 # Kishor C. Mehta9 Edward W. Merrill9 # Richard A. Meserve R.K. Michel James J. Mikulski9 Richard B. Miles Richard K. Miller James K. and Holly T. Mitchell Nandita and Sanjit K. Mitra Sharon and Arthur Money9 Duncan T. Moore9 Edward and Stephanie Moses9 Joel Moses9 Cherry A. Murray Dale and Marge* Myers Cynthia J. and Norman A. Nadel Albert Narath Jaya and Venky Narayanamurti David Nash Robert M. and Marilyn R. Nerem Paul D. Nielsen William D. Nix Matthew O’Donnell 9 # Fran and Kwadwo Osseo-Asare Bernhard O. Palsson Norman F. Parker 9 Claire L. Parkinson Neil E. Paton P. Hunter Peckham9 # John H. Perepezko9 Thomas K. Perkins9 William J. Perry9 Kurt E. Petersen9 Emil Pfender Craig E. Philip 9Hsieh Challenge Challenge *Deceased #Ligler 32 NAE Henry G. Schwartz, Jr. Lyle H. Schwartz Norman R. Scott 9 Martin B. and Beatrice E. Sherwin9 Daniel P. Siewiorek Kumares C. Sinha9 Alvy Ray Smith Alfred Z. Spector and Rhonda G. Kost David B. and Virginia H. Spencer Robert F. and Lee S. Sproull Gunter Stein9 Kenneth E. Stinson William D. Strecker Yasuharu Suematsu9 Ronald D. Sugar 9 John and Janet Swanson Charlotte and Morris Tanenbaum David W. Thompson9 James M. Tien and Ellen S. Weston9 Rex W. Tillerson9 Matthew V. Tirrell Michael J. Todd 9 Henrik Topsøe9 John J. Tracy James A. Trainham and Linda D. Waters Richard H. Truly Ghebre E. Tzeghai A. Galip Ulsoy 9 Raymond Viskanta Thomas H. Vonder Haar Robert and Robyn Wagoner Kuo K. Wang 9 Darsh T. Wasan Warren and Mary Washington9 Robert and Joan Wertheim9 Robert M.* and Mavis E. White9 Willis S. White, Jr. Ward O. Winer 9 Herbert H. Woodson9 Edgar S. Woolard, Jr. Richard N. Wright Wm. A. Wulf Israel J. Wygnanski Beverly and Loring Wyllie David D. Yao9 William W-G. Yeh Paul G. Yock 9 Yannis C. Yortsos9 William and Sherry Young 9 # Zarem Foundation Elias A. Zerhouni Ben T. Zinn 9 Mary Lou and Mark D. Zoback9 Stacey I. Zones 9 Anonymous (1) Teresa and Harry Atwater 9 Jamal J. Azar 9 Donald W. Bahr Ruzena K. Bajcsy 9 Margaret K. Banks9 Rodica A. Baranescu Grigory I. Barenblatt James E. Barger Jordan* and Rhoda Baruch James B. Bassingthwaighte 9 # Zdenek P. Bazant Marlene and Georges Belfort 9 # Marsha J. Berger Toby Berger 9 Philip A. Bernstein9 Vitelmo V. Bertero Madan M. Bhasin9 Cheryl R. Blanchard 9 Ilan Asriel Blech 9 Paul N. Blumberg 9 Jack L. Blumenthal Alfred Blumstein9 William J. Boettinger 9 George and Carol Born 9 Lillian C. Borrone9 Craig T. Bowman Jonathan D. Bray 9 James P. Brill Norman H. Brooks 9 Emery N. Brown9 Friends Jodie Arnold 9 Jo F. Berg M. Diane Bodman9 Kristine L. Bueche9 Bruce B. Darling9 Kathryn Farley9 Evelyn S. Jones Gladys H. Knoll 9 Salem Stanley 9 Anonymous (1) OTHER INDIVIDUAL DONORS H. Norman Abramson Hadi Abu-Akeel Mark G. Adamiak 9 Kurt Akeley and Jenny Zhao Montgomery and Ann Alger 9 Marilynn and Charles A.* Amann9 Cristina H. Amon and Carmelo Parisi James M. Anderson 9 # John G. Anderson Mary P. Anderson9 George E. Apostolakis Ali S. Argon 9 Frances H. Arnold 9 # James R. Asay 9Hsieh Challenge Challenge *Deceased #Ligler 33 2 015 2015 PRIVATE CONTRIBUTIONS Julia M. Phillips 9 William P. Pierskalla James D. Plummer 9 Victor L. Poirier 9 # H. Vincent Poor Dana A. Powers9 William F. Powers Donald E. Procknow William R. Pulleyblank Henry H. Rachford, Jr.9 Prabhakar Raghavan Doraiswami Ramkrishna Simon Ramo Richard F. and Terri W. Rashid Junuthula N. Reddy9 Kenneth and Martha Reifsnider Gintaras V. Reklaitis Eli Reshotko Ronald L. Rivest 9 Anne and Walt Robb9 Richard J. and Bonnie B. Robbins Bernard I. Robertson C. Paul Robinson9 Thomas E. Romesser9 Murray W. Rosenthal William B. Russel T.W. Fraser Russell9 Vinod K. Sahney Steven B. Sample9 Linda S. Sanford9 Maxine L. Savitz Richard Scherrer Jan C. Schilling9 John H. Schmertmann Ronald V. Schmidt 9 Fred B. Schneider and Mimi Bussan9 2015 PRIVATE CONTRIBUTIONS Howard J. Bruschi Jack E. Buffington Anne and John Cahn James D. Callen Joe C. Campbell 9 Max W. Carbon E. Dean Carlson Don B. Chaffin9 A. Ray Chamberlain Douglas M. Chapin Vernon L. Chartier Gang and Tracy Chen Shu and Kuang-Chung Chien 9 # Andrew R. Chraplyvy9 Robert P. Clagett 9 John L. Cleasby Richard A. Conway Alan W. Cramb Lawrence B. Curtis Ernest L. Daman Paul D. Dapkus9 Delbert E. Day Robert H. Dennard Armen Der Kiureghian 9 Joseph M. DeSimone 9 Frederick H. Dill Robert H. Dodds9 Albert A. Dorman David A. Dornfeld Irwin Dorros E. Linn Draper, Jr. T. Dixon Dudderar 9 Ira Dyer David A. Dzombak 9 Peter S. Eagleson Helen T. Edwards Bruce R. Ellingwood Richard E. Emmert 9 Joel S. Engel Lawrence B. Evans 9 Katherine W. Ferrara Morris E. Fine* Essex E. Finney, Jr. Millard and Barbara Firebaugh Peter T. Flawn Christodoulos A. Floudas Robert E. Fontana Harold K.* and Betty Forsen Eli Fromm Shun Chong Fung Zvi Galil 9 Gerald E. Galloway, Jr.9 Ronald L. Geer Maryellen L. Giger 9 # Jacqueline Gish George J. Gleghorn Dan M. Goebel 9 Solomon W. Golomb 9 John B. Goodenough9 David J. Goodman9 Richard E. Goodman 9 Roy W. Gould Susan L. Graham 9 Robert K. Grasselli 9 Gary S. Grest Karl A. Gschneidner Jerrier A. Haddad 9 Donald J. Haderle Edward E. Hagenlocker 9 Carol K. Hall 9 William J. Hall 9 Eugene E. Haller 9 Niels Hansen 9 Henry J. Hatch 9 Robert C. Hawkins 9 Victoria Franchetti Haynes9 Adam Heller Martin Hellman Robert W. Hellwarth Robert E. Henry 9 Arthur H. Heuer George J. Hirasaki John P. Hirth Lester A. Hoel Allan S. Hoffman 9 # Richard Hogg Shixin J. Hu 9 Thomas J.R. Hughes 9 Arthur E. Humphrey 9 Salim M. Ibrahim Izzat M. Idriss Jeremy Isenberg 9 Akira Ishimaru Andrew Jackson and Lillian Rankel Linos J. Jacovides Paul C. Jennings 9 Donald L. Johnson 9 # Marshall G. Jones 9 Angel G. Jordan Chanrashekhar Joshi Ahsan Kareem 9 Kristina B. Katsaros Pradman P. Kaul 9 Edward Kavazanjian9 Marilyn and Justin Kerwin 9 Timothy L. Killeen 9 Sung Wan Kim Carl C. Koch 9 Bernard L. Koff Max A. Kohler Leonard F. Konikow 9 Jindrich Kopecek 9 # Bill and Ann Koros Richard W. Korsmeyer 9 # Fikri J. Kuchuk 9 Derrick M. Kuzak Bruce M. Lake James L. Lammie 9 David A. Landgrebe Asta* and William W. Lang Robert C. Lanphier III Ronald G. Larson Alan Lawley Edward D. Lazowska Margaret A. LeMone Johanna M.H. Levelt Sengers Herbert S. Levinson 9 Paul A. Libby Peter W. Likins Yu-Kweng M. Lin 9 Kuo-Nan Liou Nathan and Barbara Liskov Nils Lonberg 9 Daniel P. Loucks 9 Andrew J. Lovinger Verne L. Lynn John W. Lyons 9 J. Ross and Margaret* Macdonald Alfred U. MacRae Subhash and Sushma Mahajan 9 James W. Mar William F. Marcuson III Robert C. Marini Hans Mark David K. Matlock William C. Maurer William J. McCroskey Ross E. McKinney Diane M. McKnight 9 Robert and Norah McMeeking Terence P. McNulty 9 Alan L. McWhorter Antonios G. Mikos and Lydia Kavraki 9 # James A. Miller Keith K. Millheim 9 Carl L. Monismith 9 Benjamin F. Montoya9 William B. Morgan Walter E. Morrow, Jr.9 A. Stephen Morse George Muellner 9 Richard S. Muller 9 Jan and E. Phillip Muntz Earll M. Murman Devaraysamudram R. Nagaraj R. Shankar Nair 9Hsieh Challenge Challenge *Deceased #Ligler 34 NAE Nambirajan Seshadri 9 F. Stan Settles Ghavam G. Shahidi 9 Don W. Shaw Ben A. Shneiderman Neil G. Siegel 9 William H. Silcox* 9 Arnold H. Silver Peter G. Simpkins Jack M. Sipress R. Wayne Skaggs Soroosh Sorooshian Thomas P. Stafford 9 James F. Stahl 9 Edgar A. Starke, Jr.9 George L. Stegemeier 9 Dale F. and Audrey Stein Dean E. Stephan Thomas G. Stephens Kenneth H. Stokoe Roger H. Stolen 9 Howard and Valerie Stone Richard G. Strauch Stanley C. Suboleski Virginia C. Sulzberger 9 James M. Symons Rodney J. Tabaczynski Daniel M. Tellep 9 Lewis M. Terman Charles H. Thornton 9 Spencer R. Titley Richard L. Tomasetti 9 Alvin W. Trivelpiece Marshall P. Tulin Robert C. Turnbull 9 John M. Undrill Theodore Van Duzer Anestis S. Veletsos 9 Walter G. Vincenti Irv Waaland Wallace R. Wade Steven J. Wallach Don Walsh 9 C. Michael Walton John D. Warner Michael S. Waterman John T. and Diane M. Watson 9 # Julia and Johannes Weertman 9 Robert J. Weimer Sheldon Weinbaum 9 # Sheldon Weinig 9 Jasper A. Welch, Jr. David A. Whelan Robert M. White J. Turner Whitted Kaspar J. Willam 9 Sharon L. Wood Richard D. Woods 9 David A. Woolhiser 9 James J. Wynne 9 # Eli Yablonovitch Ajit P. Yoganathan 9 # Roe-Hoan and Myungshin Yoon 9 Les Youd Paul Zia Steven J. Zinkle Charles F. Zukoski Friends Marguerite Adams 9 Frances Burka 9 JoAnn C. Clayton-Townsend 9 Sara Culver 9 Chadwick Davis 9 Jeffrey Dwoskin 9 Clara K. Ellert 9 Doug Ellison and Jenn Masunaga 9 Marlin and David Feldman 9 Harold and Arlene Finger 9 Joan R. Finnie9 The Fisher Family 9 Sheila C. Gentry 9 Gratia H. Griffith9 Sharon P. Gross Carrie Harless 9 Bonnie L. Hartman9 Sally W. Hollman9 Jodie L. Janowiak9 Barbara Kennedy 9 Jamie M. Killorin9 Richard S. Maney 9 Charlotte D. McCall 9 Michele H. Miller Joanne Morse9 Michael Murphy and Karen Gundersen 9 Donald and Susan Nefseke9 Shawn Neil 9 and Marcus Shaw Elena and Stuart Nightingale 9 Andrew Oakley 9 Sallie O’Neill Brian Penak 9 Patricia Petrino 9 Bryan Quigley 9 Harriet Sarkaria9 Georgia Scordelis Elizabeth W. Toor Marianne Tropp and Chris Loughner 9 Gloria Van Rooyen 9 Rhoda A.M. Weisz 9 # Elizabeth Whiteman 9 9Hsieh Challenge Challenge *Deceased #Ligler 35 2 015 2015 PRIVATE CONTRIBUTIONS Tsuneo Nakahara Alan Needleman 9 Stuart O. Nelson Joseph H. Newman James J. O’Brien 9 Babatunde A. Ogunnaike9 Robert S. O’Neil 9 Malcolm R. O’Neill 9 Elaine S. Oran 9 John K. Ousterhout 9 David H. Pai Athanassios Z. Panagiotopoulos Morton B. Panish Stavros S. Papadopulos Donald R. Paul Arogyaswami J. Paulraj Harold W. Paxton Nicholas A. Peppas Richard H. Petersen 9 George M. Pharr Mark R. Pinto Karl S. Pister Stephen M. Pollock Stephen and Linda Pope Harry G. Poulos Priyaranjan Prasad 9 # Michael Prats Ronald F. Probstein Charles W. Pryor, Jr. Roberta and Edwin Przybylowicz Robert A. Pucel 9 Ekkehard Ramm Robert A. Rapp 9 L. Rafael Reif 9 John R. Rice Bruce E. Rittmann Jerome G. Rivard 9 Stephen M. Robinson Arye Rosen 9 Donald E. Ross 9 Eli Ruckenstein9 Yoram Rudy 9 # B. Don and Becky Russell Joseph C. Salamone Peter W. Sauer 9 Robert F. Sawyer Robert E. Schapire9 George W. Scherer Jerald L. Schnoor 9 William R. Schowalter Walter J. Schrenk 9 Albert and Susan Schultz 9 # Mischa Schwartz Balraj Sehgal 9 Hratch G. Semerjian Robert J. Serafin 2015 PRIVATE CONTRIBUTIONS Tributes In memory of Charles A. Amann – Marilynn Amann In memory of Jordan Baruch – Rhoda Baruch In memory of Robert R. Berg – Jo F. Berg In memory of Robert Creagan – Gloria Van Rooyen In memory of Maurice Fuerstenau – Roe-Hoan and Myungshin Yoon In memory of Howard Saint Claire Jones, Jr. – Evelyn S. Jones In memory of Howard H. Kehrl – Mary Kehrl In memory of William H. Lin – Burn-Jeng Lin In memory of David W. McCall – Charlotte D. McCall In memory of Catherine Ann Pucel – Robert A. Pucel In memory of Eugene Rasmussen – Soroosh Sorooshian In memory of Alexander C. Scordelis – Georgia Scordelis In memory of Chang-Lin Tien – Arunava Majumdar In memory of Charles M. Vest – Elsa M. Garmire and Robert H. Russell, Janina and Siegfried Hecker, Stephen M. Pollock In memory of Ed White – Robert J. Weimer In memory of Robert M. White – Stephen D. Bechtel, Jr., Frances Burka, Carrie Harless, Marlin and David Feldman, Harold and Arlene Finger, Sally W. Hollman, Richard S. Maney, Elena and Stuart Nightingale In memory of Wayne Whiteman – Elizabeth Whiteman In honor of Katro Bison – Doug Ellison and Jenn Masunaga In honor of Mary Beth Monroe – The Fisher Family In honor of John Prausnitz – Chau-Chyun Chen In honor of Isaac and Anna Schultz – Albert and Susan Schultz LOYALTY SOCIETY In recognition of members and friends who have made gifts to the National Academies of Sciences, Engineering, and Medicine for at least 20 years. We acknowledge contributions made as personal gifts or as gifts facilitated by the donor through a donor-advised fund, matching gift program, or family foundation. Names in bold are NAE members. Herbert L. Abrams H. Norman Abramson Andreas and Juana Acrivos Bruce and Betty Alberts Clarence R. Allen Barbara W. Alpert Marilynn and Charles A.* Amann Wyatt W. Anderson John C. Angus Edward M. Arnett Wm. Howard Arnold* Daniel L. Azarnoff Jack D. Barchas Jeremiah A. Barondess Stephen D. Bechtel, Jr. John C. Beck Richard E. Behrman Gordon Bell Paul Berg Diane and Norman Bernstein H. Kent Bowen Lewis M. Branscomb John and Sharon Brauman Alan C. Brown Donald D. Brown Harold Brown Kristine L. Bueche George* and Virginia Bugliarello William B. Carey David R. and Jacklyn A. Challoner Purnell W. Choppin James McConnell Clark John A. Clements Michael D. Coe Richard A. Conway Max D. Cooper Pedro M. Cuatrecasas William H. Danforth Igor B. Dawid Roman W. DeSanctis Irwin Dorros W.G. Ernst Harold J. Fallon Gary Felsenfeld Harvey V. Fineberg and Mary E. Wilson Tobie and Daniel J.* Fink Robert C. and Marilyn G. Forney Harold K.* and Betty Forsen T. Kenneth Fowler Hans and Verena Frauenfelder Carl Frieden Theodore V. Galambos Joseph G. Gall David V. Goeddel Joseph W. Goodman Richard M. Goody Paul E. Gray Robert B. Griffiths Michael Grossman Adam Heller Ernest M. Henley David and Susan Hodges Joseph F. Hoffman William N. Hubbard, Jr. J. David Jackson Andre T. Jagendorf Anita K. Jones Samuel L. Katz and Catherine M. Wilfert Seymour J. Klebanoff Max A. Kohler James S. and Elinor G.A. Langer Louis J. Lanzerotti Gerald and Doris Laubach *Deceased 36 NAE George Bugliarello (’87), and his widow, Virginia, always valued education. George, who died in 2011, spent most of his long and distinguished career in academia, first as dean of engineering at the University of Illinois at Chicago and then as president and chancellor of Polytechnic Institute of New York University. And Virginia, who recently retired after serving 40 years as a librarian at the Port Washington, NY public library, is a committed volunteer for an adult literacy program. So it seemed fitting to Virginia to honor George’s memory by making a generous gift to the National Academy of Engineering’s EngineerGirl program, dedicated to encouraging girls and young women to become engineers. “In the early ’70s, George organized a symposium when he was at the University of Illinois that was one of the first efforts in encouraging women to go into engineering,” Virginia said. “This gift to EngineerGirl felt perfect.” The gift also recognizes George’s decades of service to the NAE. He was NAE foreign secretary from 2003 to 2011, the “interim” editor of the Bridge for more than 10 years, and a member of dozens of committees. “He was always involved because the NAE meant a lot to him. And by osmosis, it means a lot to me.” Judith R. Lave Cynthia and Robert Lawrence Johanna M.H. Levelt Sengers Robert G. Loewy R. Duncan* and Carolyn Scheer Luce Thomas and Caroline Maddock Anthony P. Mahowald Vincent T. Marchesi Hans Mark James F. Mathis Robert D. Maurer Charles A. McCallum Christopher F. McKee Mortimer Mishkin Joel Moses Arno G. Motulsky John H. Moxley III Elaine and Gerald* Nadler Jaya and Venky Narayanamurti Philip and Sima Needleman Robert M. and Marilyn R. Nerem Elena and Stuart Nightingale Ronald and Joan Nordgren Peter O’Donnell, Jr. Gilbert S. Omenn and Martha A. Darling Gordon H. Orians George W. Parshall Thomas K. Perkins Gordon H. Pettengill Frank Press Donald E. Procknow Simon Ramo Janet and Lester* Reed Jerome G. Rivard Maxine L. Savitz William R. Schowalter F. Stan Settles Maxine F. Singer Louis Sokoloff * Raymond S. Stata Joan A. Steitz Thomas A. Steitz Rosemary A. Stevens Lubert and Andrea Stryer F. William Studier Paul and Pamela Talalay Charlotte and Morris Tanenbaum Anita and George Thompson George H. Trilling Roxanne and Karl K.* Turekian Martha Vaughan Raymond Viskanta Andrew and Erna* Viterbi Peter K. Vogt Irv Waaland George D. Watkins Julia and Johannes Weertman Robert J. Weimer Herbert Weissbach Robert M.* and Mavis E. White Gerald N. Wogan Wm. A. Wulf Anonymous (1) *Deceased 37 2 015 2015 PRIVATE CONTRIBUTIONS GEORGE & VIRGINIA BUGLIARELLO 2015 PRIVATE CONTRIBUTIONS LIFETIME GIVING SOCIETIES We gratefully acknowledge the following members and friends who have made generous charitable lifetime contributions. Their collective, private philanthropy enhances the impact of the academies as advisors to the nation on issues of science, engineering, and medicine. EINSTEIN SOCIETY In recognition of members and friends who have made lifetime contributions of $100,000 or more to the National Academy of Sciences, the National Academy of Engineering, or the National Academy of Medicine. We acknowledge contributions made as personal gifts or as gifts facilitated by the donor through a donoradvised fund, matching gift program, or family foundation. Names in bold are NAE members. $10 million and above Arnold and Mabel Beckman* Bernard M. Gordon Fred Kavli* Daniel E. Koshland, Jr.* George P. Mitchell* Raymond and Beverly Sackler William R. and Rosemary B. Hewlett* Peter O’Donnell, Jr. Dame Jillian Sackler Michael and Sheila Held* Joan and Irwin Jacobs Kenneth A. Jonsson* Tillie K. Lubin* John F. McDonnell The Ambrose Monell Foundation Gordon and Betty Moore Robert* and Mayari Pritzker Richard L. and Hinda G. Rosenthal* Jack W. and Valerie Rowe Fritz J. and Dolores H. Russ Prize Fund of the Russ College of Engineering and Technology at Ohio University Bernard* and Rhoda Sarnat Leonard D. Schaeffer Sara Lee and Axel Schupf Penny and Bill George, George Family Foundation William T.* and Catherine Morrison Golden Alexander Hollaender* Thomas V. Jones* Cindy and Jeong Kim Ralph and Claire Landau* Asta* and William W. Lang Ruben F.* and Donna Mettler Dane* and Mary Louise Miller Philip and Sima Needleman Oliver E. and Gerda K. Nelson* Gilbert S. Omenn and Martha A. Darling Shela and Kumar Patel William J. Rutter Herbert A. and Dorothea P. Simon* Raymond S. Stata Roy and Diana Vagelos Andrew and Erna* Viterbi Alan M. Voorhees* Anonymous (1) William R. Jackson* Robert L. and Anne K. James Mary and Howard* Kehrl Janet and Richard M.* Morrow Ralph S. O’Connor Kenneth H. Olsen* Ann and Michael Ramage Simon Ramo Anne and Walt Robb Stephen* and Anne Ryan Henry and Susan Samueli H.E. Simmons* Judy Swanson Ted Turner Leslie L. Vadasz Charles M.* and Rebecca M. Vest $5 million to $10 million Donald L. Bren $1 million to $5 million Bruce and Betty Alberts Richard and Rita Atkinson Norman R. Augustine Craig and Barbara Barrett Jordan* and Rhoda Baruch Stephen D. Bechtel, Jr. Harry E. Bovay, Jr.* Harvey V. Fineberg and Mary E. Wilson Cecil H. Green* $500,000 to $1 million Rose-Marie and Jack R.* Anderson John and Elizabeth Armstrong Kenneth E. Behring Gordon Bell Elkan R.* and Gail F. Blout Carson Family Charitable Trust Charina Endowment Fund Ralph J. and Carol M. Cicerone James McConnell Clark Henry David* Richard Evans* Eugene Garfield Foundation $250,000 to $500,000 The Agouron Institute W.O. Baker* Warren L. Batts Clarence S. Coe* Theodore Geballe Jerome H.* and Barbara N. Grossman Ming and Eva Hsieh *Deceased 38 NAE Holt Ashley* Francisco J. and Hana Ayala William F. Ballhaus, Sr.* Thomas D.* and Janice H. Barrow H.H. and Eleanor F. Barschall* Daniel and Frances Berg Elwyn and Jennifer Berlekamp Diane and Norman Bernstein Bharati and Murty Bhavaraju Erich Bloch David G. Bradley Lewis M. Branscomb Sydney Brenner George* and Virginia Bugliarello Malin Burnham Ursula Burns and Lloyd Bean John and Assia Cioffi Paul Citron and Margaret Carlson Citron A. James Clark* W. Dale and Jeanne C. Compton John D. Corbett* Ross and Stephanie Corotis Lance and Susan Davis Roman W. DeSanctis Robert and Florence Deutsch Nicholas M. Donofrio Paul M. Doty* Charles W. Duncan, Jr. Ruth and Victor Dzau George and Maggie Eads Robert and Cornelia Eaton Dotty and Gordon England Emanuel and Peggy Epstein Olivia and Peter Farrell Michiko So* and Lawrence Finegold Tobie and Daniel J.* Fink George and Ann Fisher Robert C. and Marilyn G. Forney Harold K.* and Betty Forsen William L. and Mary Kay Friend Christopher Galvin William H. and Melinda F. Gates III Nan and Chuck Geschke Jack and Linda Gill Martin E. and Lucinda Glicksman George and Christine Gloeckler Christa and Detlef Gloge Avram Goldstein* Robert W. Gore Paul and Judy Gray Corbin Gwaltney John O. Hallquist Margaret A. Hamburg and Peter F. Brown William M. Haney III George and Daphne Hatsopoulos John L. Hennessy Jane Hirsh Chad and Ann Holliday M. Blakeman Ingle Richard B. Johnston, Jr. Anita K. Jones Trevor O. Jones Thomas Kailath Yuet Wai and Alvera Kan Leon K. and Olga Kirchmayer* Frederick A. Klingenstein William I. Koch Gail F. Koshland Jill Howell Kramer Kent Kresa John W. Landis* Janet and Barry Lang Ming-wai Lau Gerald and Doris Laubach David M.* and Natalie Lederman Bonnie Berger and Frank Thomson Leighton Frances and George Ligler Whitney and Betty MacMillan Asad M., Gowhartaj, and Jamal Madni Davis L. Masten and Christopher Ireland Roger L. McCarthy Robin K. and Rose M. McGuire William W. McGuire Burt and Deedee McMurtry G. William* and Ariadna Miller Stanley L. Miller* Joe and Glenna Moore David and Lindsay Morgenthaler Clayton Daniel and Patricia L. Mote Ellen and Philip Neches Susan and Franklin M. Orr, Jr. David Packard* Charles and Doris Pankow* Larry* and Carol Papay Jack S. Parker* Edward E. Penhoet Allen E.* and Marilynn Puckett Richard F. and Terri W. Rashid Alexander Rich* Ronald L. Rivest Matthew L. Rogers and Swati Mylavarapu Henry M. Rowan* Joseph E. and Anne P. Rowe* Maxine L. Savitz Walter Schlup* Wendy and Eric Schmidt David E. Shaw Richard P. Simmons James H. and Marilyn Simons Robert F. and Lee S. Sproull Georges C. St. Laurent, Jr. Arnold and Constance Stancell Edward C. Stone John and Janet Swanson Charlotte and Morris Tanenbaum Peter and Vivian Teets James M. Tien and Ellen S. Weston Gary and Diane Tooker Martha Vaughan John C. Wall Robert and Joan Wertheim Robert M.* and Mavis E. White John C. Whitehead Wm. A. Wulf Ken Xie Tachi and Leslie Yamada Adrian Zaccaria Alejandro Zaffaroni* Janet and Jerry Zucker Anonymous (2) *Deceased 39 2 015 2015 PRIVATE CONTRIBUTIONS $100,000 to $250,000 2015 PRIVATE CONTRIBUTIONS GOLDEN BRIDGE SOCIETY In recognition of NAE members and friends who have made lifetime contributions totaling $20,000 to $100,000. We acknowledge contributions made as personal gifts or as gifts facilitated by the donor through a donor-advised fund, matching gift program, or family foundation. Names in bold are NAE members. $75,000 to $100,000 Barry W. Boehm James O. Ellis, Jr. Michael W. Hunkapiller Paul and Julie Kaminski Rita Vaughn and Theodore C.* Kennedy Elisabeth Paté-Cornell Jonathan J. Rubinstein Johanna M.H. Levelt Sengers Jane and Norman N. Li Darla and George E.* Mueller Jane and Alan Mulally Cynthia J. and Norman A. Nadel Jaya and Venky Narayanamurti John Neerhout, Jr. Ronald and Joan Nordgren Roberto Padovani Ellen and George A.* Roberts Warren G. Schlinger Richard J. Stegemeier Leo John* and Joanne Thomas Julia and Johannes Weertman Sheila E. Widnall Ruth M. Davis* and Benjamin Lohr Pablo G. Debenedetti Mary P. and Gerald P.* Dinneen E. Linn Draper, Jr. Mildred S. Dresselhaus James J. Duderstadt Gerard W. Elverum Stephen N. Finger Edith M. Flanigen Samuel C. Florman Bonnie and Donald N.* Frey Elsa M. Garmire and Robert H. Russell Richard L. and Lois E. Garwin Arthur and Helen Geoffrion Louis V. Gerstner, Jr. Paul H. Gilbert Eduardo D. Glandt Arthur L. and Vida F. Goldstein Mary L. Good Joseph W. Goodman Paul E. Gray Delon Hampton Wesley L. Harris Janina and Siegfried Hecker Robert and Darlene Hermann David and Susan Hodges Bettie and Kenneth F.* Holtby Edward E. Hood, Jr. Evelyn L. Hu and David R. Clarke Edward G.* and Naomi Jefferson George W. Jeffs Min H. Kao John and Wilma Kassakian James R.* and Isabelle Katzer Robert M. and Pauline W. Koerner James N. Krebs Lester C.* and Joan M. Krogh Cato and Cynthia Laurencin Yoon-Woo Lee Jack E. Little Thomas and Caroline Maddock Artur Mager Thomas J. Malone James F. Mathis Robert D. Maurer James C. McGroddy Richard A. Meserve James J. Mikulski James K. and Holly T. Mitchell Van and Barbara Mow Cherry A. Murray Narayana and Sudha Murty Dale and Marge Myers* Robert M. and Marilyn R. Nerem Simon Ostrach Arogyaswami J. Paulraj Paul S. Peercy Lee and Bill Perry Donald E. Petersen Dennis J. Picard John W. and Susan M. Poduska Joy and George* Rathmann Eberhardt* and Deedee Rechtin Kenneth and Martha Reifsnider Julie and Alton D. Romig, Jr. $50,000 to $75,000 Jane K. and William F. Ballhaus, Jr. Kristine L. Bueche William Cavanaugh Joseph V. Charyk The Crown Family Ruth A. David Thomas E. Everhart Robert E. Kahn $20,000 to $49,999 Andreas and Juana Acrivos Rodney C. Adkins Alice Merner Agogino Clarence R. Allen Valerie and William A. Anders John and Pat Anderson Seta and Diran Apelian Wm. Howard Arnold* Kamla* and Bishnu S. Atal Nadine Aubry and John L. Batton Ken Austin Clyde and Jeanette Baker William F. Banholzer David K. Barton Becky and Tom Bergman R. Byron Bird Diane and Samuel W. Bodman Kathleen and H. Kent Bowen Corale L. Brierley James A. Brierley Rodney A. Brooks Harold Brown Corbett Caudill Selim A. Chacour Chau-Chyun Chen Josephine Cheng Sunlin Chou Uma Chowdhry G. Wayne Clough Joseph M. Colucci Rosemary L. and Harry M. Conger Malcolm R. Currie David E. Daniel *Deceased 40 NAE Henry E. Stone Rosemary and George Tchobanglous Daniel M. Tellep David W. Thompson James A. Trainham and Linda D. Waters Raymond Viskanta Robert and Robyn Wagoner Daniel I. Wang Albert R.C. and Jeannie Westwood Willis S. White, Jr. John J. Wise Edgar S. Woolard, Jr. A. Thomas Young William and Sherry Young Elias A. Zerhouni HERITAGE SOCIETY In recognition of members and friends who have included the National Academy of Sciences, National Academy of Engineering, or National Academy of Medicine in their estate plans or who have made some other type of planned gift to the Academies. Names in bold are NAE members. Andreas and Juana Acrivos Gene M. and Marian Amdahl Betsy Ancker-Johnson John C. Angus John and Elizabeth Armstrong Norman R. Augustine Jack D. Barchas Harrison H. and Catherine C. Barrett Stanley Baum Clyde J. Behney Daniel and Frances Berg Paul Berg Elkan R.* and Gail F. Blout Enriqueta C. Bond Daniel Branton Robert and Lillian Brent Corale L. Brierley James A. Brierley Lenore and Rob Briskman Kristine L. Bueche Dorit Carmelli Peggy and Thomas Caskey A. Ray Chamberlain Linda and Frank Chisari Rita K. Chow John A. Clements D. Walter Cohen Morrel H. Cohen Stanley N. Cohen Colleen Conway-Welch Ross and Stephanie Corotis Ellis and Bettsy Cowling Molly Joel Coye Barbara J. Culliton Malcolm R. Currie Peter N. Devreotes Mildred S. Dresselhaus Gerard W. Elverum Emanuel and Peggy Epstein Tobie and Daniel J.* Fink Robert C. and Marilyn G. Forney Arthur and Helen Geoffrion Paul H. Gilbert Martin E. and Lucinda Glicksman George and Christine Gloeckler Christa and Detlef Gloge Joseph W. Goodman Chushiro* and Yoshiko Hayashi Larry L. Hench Nancy S. and Thomas S. Inui Richard B. Johnston, Jr. Anita K. Jones Jerome Kagan Diana S. and Michael D. King Norma M. Lang Asta* and William W. Lang Daniel P. Loucks R. Duncan* and Carolyn Scheer Luce Thomas and Caroline Maddock Artur Mager Pat and Jim McLaughlin Jane Menken Arno G. Motulsky Van and Barbara Mow Guido Munch Mary O. Mundinger Philip and Sima Needleman Norman F. Ness Ronald and Joan Nordgren Gilbert S. Omenn and Martha A. Darling William* and Constance Opie Bradford W. and Virginia W. Parkinson Zack T. Pate Frank Press Simon Ramo James J. Reisa, Jr. Emanuel P. Rivers Richard J. and Bonnie B. Robbins Eugene and Ruth Roberts James F. Roth Esther and Lewis Rowland Sheila A. Ryan Paul R. Schimmel Stuart F. Schlossman Rudi* and Sonja Schmid Kenneth I. Shine Robert L. Sinsheimer Arnold and Constance Stancell H. Eugene Stanley Rosemary A. Stevens John and Janet Swanson John A. Swets Esther Sans Takeuchi Paul and Pamela Talalay John C. Wall Patricia Bray-Ward and David C. Ward Robert and Joan Wertheim Maw-Kuen Wu Wm. A. Wulf Tilahun D. Yilma Michael Zubkoff Anonymous (1) *Deceased 41 2 015 2015 PRIVATE CONTRIBUTIONS Howie Rosen and Susan Doherty Vinod K. Sahney Jerry Sanders III Linda S. Sanford Ronald V. Schmidt Roland W. Schmitt Donald R. Scifres Martin B. and Beatrice E. Sherwin David B. and Virginia H. Spencer Joel S. Spira* 2015 PRIVATE CONTRIBUTIONS FOUNDATIONS, CORPORATIONS, AND OTHER ORGANIZATIONS LIFETIME In recognition of foundations, corporations, and other organizations that have given gifts or grants totaling $1 million or more to the National Academy of Sciences, National Academy of Engineering, or National Academy of Medicine. Names in bold have supported the NAE. $25 million or more Carnegie Corporation of New York The Ford Foundation The Bill & Melinda Gates Foundation The Robert Wood Johnson Foundation The Kavli Foundation W.M. Keck Foundation W.K. Kellogg Foundation The Koshland Foundation Howard Hughes Medical Institute The John D. and Catherine T. MacArthur Foundation The Andrew W. Mellon Foundation The Cynthia and George Mitchell Foundation Raymond & Beverly Sackler Foundation Alfred P. Sloan Foundation $10 million to $25 million Arnold and Mabel Beckman Foundation The Charles Stark Draper Laboratory The William and Flora Hewlett Foundation Kenan Institute for Engineering, Technology, and Science (KIETS) North Carolina State University’s Kenan Institute for Engineering, Technology, and Science (KIETS) is partnering with the National Academy of Engineering to support the Academy’s EngineerGirl program. KIETS’ mission is to develop partnerships in basic research, education, commercialization, and public outreach with individuals and organizations dedicated to the advancement of science, engineering, and technology as a force in improving the economic and social well-being of the nation and the world. Ruben Carbonell EngineerGirl encourages middle and high school girls to consider careers in engineering by providing fun, interactive content and connection with role models and like-minded students. The Kenan Institute is providing $50,000 per year over three years for a total of $150,000 to support this collaboration with the NAE. In addition to financial support, Kenan Fellows (www.kenanfellows.org), who are exceptional K–12 teachers in NC public schools, are contributing to the program and encouraging their students to participate. “The engineering profession certainly needs more women and diversity in its ranks, and one of our most important goals is to encourage girls and young women to consider engineering and technology as a viable career path,” said Ruben Carbonell, NAE member and director of KIETS. “EngineerGirl has a proven track record of reaching these girls at a critical time in their development and demonstrating just how wonderful engineering can be.” “Through this generous gift, EngineerGirl can continue to inspire thousands of girls and young women all over the world to choose a profession that will reward them many times over for their hard work, creativity, and talent,” said NAE President C. D. Mote, Jr. 42 NAE Michael and Susan Dell Foundation The Grainger Foundation The Irvine Company Kaiser Permanente The Pew Charitable Trusts The Rockefeller Foundation The Dow Chemical Company E.I. du Pont de Nemours & Company Eastman Kodak Company The Ellison Medical Foundation ExxonMobil Corporation ExxonMobil Foundation Ford Motor Company General Electric Company General Motors Company GlaxoSmithKline Google Inc. William T. Grant Foundation Great Lakes Protection Fund The Greenwall Foundation The John A. Hartford Foundation Leona M. and Harry B. Helmsley Foundation Hewlett-Packard Company Intel Corporation International Business Machines Corporation Johnson & Johnson The JPB Foundation JSM Charitable Trust Ewing Marion Kauffman Foundation The Susan G. Komen Breast Cancer Foundation Daniel E. Koshland, Jr. Family Fund The Kresge Foundation Eli Lilly and Company Lockheed Martin Corporation Richard Lounsbery Foundation Lumina Foundation for Education Josiah Macy, Jr. Foundation Merck & Company, Inc. Merck Company Foundation Microsoft Corporation The Ambrose Monell Foundation Monsanto Company Gordon and Betty Moore Foundation National Multiple Sclerosis Society Northrop Grumman Corporation Nuclear Threat Initiative O’Donnell Foundation The David and Lucile Packard Foundation Peter G. Peterson Foundation Pfizer, Inc. Research Corporation for Science Advancement Robert Pritzker Family Foundation Rockefeller Brothers Fund Richard & Hinda Rosenthal Foundation Raymond & Beverly Sackler Foundation Sanofi-Aventis The Spencer Foundation The Starr Foundation The Wellcome Trust Robert W. Woodruff Foundation Xerox Corporation $1 million to $5 million Aetna Foundation American Board of Family Medicine American Cancer Society, Inc. American Legacy Foundation American Public Transportation Association America’s Health Insurance Plans Foundation Amgen, Inc. Laura and John Arnold Foundation Association of American Railroads AstraZeneca Pharmaceuticals LP AT&T Corporation Atkinson Family Foundation The Atlantic Philanthropies (USA) Craig & Barbara Barrett Foundation Battelle S.D. Bechtel, Jr. Foundation Blue Shield of California Foundation The Boeing Company Breast Cancer Research Foundation Bristol-Myers Squibb Company Burroughs Wellcome Fund The California Endowment California HealthCare Foundation Margaret A. Cargill Foundation Chevron Corporation Chrysler Group LLC The Commonwealth Fund ANNUAL In recognition of foundations, corporations, or other organizations that made gifts or grants to support the National Academy of Engineering in 2015. Allied Minds Charles and Mary Anderson Charitable Fund of the US Charitable Gift Trust Ruth and Ken Arnold Family Foundation at the Houston Jewish Community Foundation The Baruch Fund S.D. Bechtel, Jr. Foundation Bell Family Foundation Benevity Community Impact Fund Bodman Foundation Boeing PAC Matching Gift Fund Branscomb Family Foundation Castaing Family Foundation Citron Family Fund of the Minneapolis Foundation Cornell University The Charles Stark Draper Laboratory Chevron Corporation 43 2 015 2015 PRIVATE CONTRIBUTIONS $5 million to $10 million 2015 PRIVATE CONTRIBUTIONS Chevron Humankind Matching Gift Program Cummins, Inc. The Thomas and Bettie Deen Charitable Gift Fund at the T. Rowe Price Program for Charitable Giving Employees Charity Organization of Northrop Grumman The Dow Chemical Company Paul Galvin Memorial Foundation Trust Arthur and Linda Gelb Charitable Foundation General Electric Foundation GLS Engineering George Family Foundation Geosynthetic Institute Gerstner Family Foundation Geschke Foundation at the Silicon Valley Community Foundation Gratis Foundation Hsieh Family Foundation Innovative Catalytic Solution LLC Innovyze International Maritime, Inc. Joan and Irwin Jacobs Fund of the Jewish Community Foundation Kahle/Austin Foundation W.M. Keck Foundation The William R. Kenan Institute at NC State University Richard Lounsbery Foundation Margaret and Ross MacDonald Charitable Fund of the Triangle Community Foundation Medtronic, Inc. Microsoft Corporation Microsoft Matching Gift Program The Gordon and Betty Moore Foundation Dale and Marge Myers Fund at the San Diego Foundation Network for Good Oracle Corporation Orcas Island Community Foundation Pfizer Foundation Matching Gifts Program PJM Interconnection The Procter & Gamble Company PSEG Educational Matching Gift Program Qualcomm, Inc. Raymond James Charitable Endowment Fund Robbins Family Fund at the Seattle Foundation Henry M. Rowan Family Foundation Henry & Sally Schwartz Family Foundation Shell Oil Company Foundation Educational Matching Gift Program Ray & Maria Stata Family Charitable Fund Ken and Ann Stinson Fund of the Omaha Community Foundation The Ronald and Valerie Sugar Family Foundation Morris & Charlotte Tanenbaum Family Foundation Team Detroit Texas A&M University Tien Family Foundation United Engineering Foundation University of Illinois at UrbanaChampaign Weinig Foundation Wells Fargo Advisors, LLC Zarem Foundation Zerhouni Family Charitable Foundation We have made every effort to list donors accurately and according to their wishes. If we have made an error, please accept our apologies and contact the Development Office at 202.334.2431 or [email protected] so we can correct our records. 44 NAE 2 015 NATIONAL ACADEMY OF ENGINEERING FUND December 31, 2015 and 2014 Independent Auditorҋs Report To the Board of Trustees National Academy of Engineering Fund Washington, D.C. Report on the Financial Statements We have audited the accompanying financial statements of National Academy of Engineering Fund (the Fund) which comprise the statements of financial position as of December 31, 2015 and 2014, and the related statements of activities and cash flows for the years then ended, and the related notes to the financial statements. Managementҋs Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditorҋs Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditorҋs judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entityҋs preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entityҋs internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of National Academy of Engineering Fund as of December 31, 2015 and 2014, and the changes in its net assets and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America. Washington, D.C. June 3, 2016 46 NAE National Academy of Engineering Fund Statements of Financial Position December 31, 2015 and 2014 2015 2014 Assets (Note 1) Current assets: Cash and cash equivalents Contributions receivable Prepaid expenses Short-term investments (Note 3) Investment draw receivable Promises to give (Note 2) Total current assets $ Non-current assets: Promises to give – long-term portion, net (Note 2) Beneficial interest in split interest agreements (Note 3) Investments (Note 3) Total non-current assets Total assets 866,005 154,561 34,596 2,970,062 577,884 1,056,231 5,659,339 $ 876,464 100,109 49,327 1,859,009 4,058,462 1,584,614 8,527,985 2,828,724 413,045 64,445,161 67,686,930 2,410,457 346,517 64,379,511 67,136,485 $ 72,795,824 $ 76,214,915 $ 1,015,422 $ 1,132,446 Liabilities and Net Assets (Note 1) Current liabilities: Accounts payable – due to National Academy of Sciences (Note 6) Net assets: Unrestricted Temporarily restricted (Note 4) Permanently restricted (Note 4, 5) Total net assets Total liabilities and net assets $ 72,795,824 See notes to financial statements. 47 2 015 28,131,814 17,183,540 29,767,115 75,082,469 26,833,405 15,166,140 29,780,857 71,780,402 $ 76,214,915 National Academy of Engineering Fund Statement of Activities Year Ended December 31, 2015 Temporarily Restricted Unrestricted Support and revenue: Contributions (Note 1) Realized gain on investments (Note 3) Interest and dividends (Note 3) Membership dues Registration fees Miscellaneous revenue Net assets released from restrictions: Satisfaction of program restrictions Satisfaction of time restrictions Total support and revenue $ $ 5,612,097 106,455 8,156,058 Expenses: Program services: Programs Awards Member programs Support for NRC and NAS Support services: Operations Fundraising Total expenses Change in net assets before unrealized (loss) gain on investments Net assets: Beginning $ $ 13,742 - Total $ 13,742 3,798,751 817,241 281,077 717,980 146,485 3,988 5,765,522 3,798,566 1,959,986 504,443 262,312 6,525,307 - - 3,798,566 1,959,986 504,443 262,312 6,525,307 1,330,250 1,039,385 2,369,635 8,894,942 - - 1,330,250 1,039,385 2,369,635 8,894,942 (2,404,278) (559,525) Change in net assets 2,678,256 467,863 168,155 (5,612,097) (106,455) (2,404,278) (738,884) Unrealized (loss) gain on investments (Note 3) Ending 1,106,753 349,378 112,922 717,980 146,485 3,988 Permanently Restricted 386,878 (1,298,409) (2,017,400) 28,131,814 17,183,540 26,833,405 13,742 $ 15,166,140 (3,129,420) - (172,647) 13,742 (3,302,067) 29,767,115 $ 29,780,857 75,082,469 $ 71,780,402 See notes to financial statements. 48 NAE National Academy of Engineering Fund Statement of Activities Year Ended December 31, 2014 Temporarily Restricted Unrestricted Support and revenue: Contributions (Note 1) Realized gain on investments (Note 3) Interest and dividends (Note 3) Membership dues Registration fees Miscellaneous revenue Net assets released from restrictions: Satisfaction of program restrictions Satisfaction of time restrictions Total support and revenue $ $ 4,780,942 95,370 8,025,559 Expenses: Program services: Programs Awards Member programs Support for NRC and NAS Support services: Operations Fundraising Total expenses Change in net assets before unrealized gain on investments Unrealized gain on investments (Note 3) Change in net assets Net assets: Beginning Ending 1,407,235 1,195,212 146,584 230,180 165,905 4,131 $ 5,749,275 1,509,767 185,430 - Permanently Restricted $ (4,780,942) (95,370) 2,568,160 $ 18,895 7,175,405 2,704,979 332,014 230,180 165,905 4,131 10,612,614 3,702,836 1,469,791 510,753 248,728 5,932,108 - - 3,702,836 1,469,791 510,753 248,728 5,932,108 1,115,480 906,264 2,021,744 7,953,852 - - 1,115,480 906,264 2,021,744 7,953,852 71,707 2,568,160 703,707 417,106 775,414 2,985,266 18,895 3,779,575 27,356,400 14,198,274 29,748,220 71,302,894 28,131,814 $ 17,183,540 18,895 2,658,762 - $ See notes to financial statements. 49 2 015 18,895 - Total 29,767,115 1,120,813 $ 75,082,469 National Academy of Engineering Fund Statements of Cash Flows Years Ended December 31, 2015 and 2014 2015 Cash flows from operating activities: Change in net assets Adjustments to reconcile change in net assets to net cash used in operating activities: Realized gain on investments Unrealized loss (gain) on investments (Decrease) increase in discount on promises to give Contributions restricted to investment in perpetuity Changes in assets and liabilities: (Increase) decrease in: Contributions receivable Promises to give Beneficial interest in split interest agreements Prepaid expenses Decrease in: Accounts payable – National Academy of Sciences Net cash used in operating activities $ Cash flows from investing activities: Proceeds from sale of investments Purchases of investments Investment draw in transit Net cash provided by investing activities Cash flows from financing activities: Contributions restricted to investment in perpetuity Net cash provided by financing activities Net (decrease) increase in cash and cash equivalents Cash and cash equivalents: Beginning Ending Supplemental disclosure of cash flow information: Cash paid for taxes (3,302,067) 2014 $ 3,779,575 (817,241) 172,647 (31,112) (13,742) (2,704,979) (1,120,813) 107,690 (18,895) (54,452) 977,762 14,731 1,379,528 (2,836,341) 153,021 (12,032) (117,024) (3,170,498) (185,670) (1,458,916) 23,630,604 (23,827,518) 3,343,211 3,146,297 53,925,356 (49,469,834) (2,655,765) 1,799,757 13,742 13,742 18,895 18,895 (10,459) 359,736 876,464 516,728 $ 866,005 $ 876,464 $ 5,961 $ 5,004 See notes to financial statements. 50 NAE National Academy of Engineering Fund Notes to Financial Statements Note 1. Nature of Activities and Significant Accounting Policies Nature of activities: National Academy of Engineering Fund (the Fund) is an independent nonprofit organization established by National Academy of Engineering (NAE) to collect and disburse funds for accomplishing the goals of NAE. NAE operates within the charter and framework of the National Academy of Sciences (NAS), which accounts for NAEҋs expenses. The operating expenditures of NAE are accounted for by offices of NAS and are offset by reimbursement from funds received from the Fund and from contracts and grants administered by NAS. The net expenditures of NAE are paid by the Fund to balance accounts with NAS. A summary of the Fundҋs significant accounting policies follows: Basis of accounting: The Fundҋs financial statements are prepared using the accrual basis of accounting in accordance with the generally accepted accounting principles in the United States of America (U.S. GAAP), whereby unconditional support is recognized when notification of the contribution is received, revenue is recognized when earned and expenses are recognized when incurred. Basis of presentation: The Fund follows the Not-for-Profit Entities Topic of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (the Codification). Under this Topic, the Fund is required to report the information regarding its financial position and activities according to three classes of net assets: unrestricted net assets, temporarily restricted net assets and permanently restricted net assets. The three classes of net assets are as follows: Unrestricted net assets: Unrestricted net assets generally result from revenue derived from providing services, receiving unrestricted contributions, unrealized and realized gains and losses and receiving dividends and interest from investing in income-producing unrestricted assets, less expenses incurred in providing services, raising contributions and performing administrative functions. Temporarily restricted net assets: Temporarily restricted net assets consist of amounts that are subject to donor-imposed time or purpose restrictions and income earned on temporarily and permanently restricted net assets. The Fund is permitted to use or expend the donated assets in accordance with the donor restriction. Permanently restricted net assets: Permanently restricted net assets consist of assets whose use is limited by donor-imposed restrictions that neither expire by the passage of time nor can be fulfilled or otherwise removed by action of the Fund. The restrictions stipulate that resources be maintained permanently, but permit the Fund to expend the income generated in accordance with the provisions of the agreement. Permanently restricted net assets consist of the following: Gordon Prize represents an endowment given by the donor for the purpose of establishing and awarding an annual prize in honor of Bernard M. Gordon. It is the Fundҋs intention to use the investment earnings of the endowment to cover the expenses incurred in connection with administration of the prize and in providing the honorarium awarded with the prize. Draper Prize represents an endowment given by the donor for the purpose of establishing and awarding an annual prize in honor of the memory of Charles Stark Draper. It is the Fundҋs intention to use the investment earnings of the endowment to cover the expenses incurred in connection with administration of the prize and in providing the honorarium awarded with the prize. Wm. A. Wulf Initiative for Engineering Excellence represents an endowment to ensure the future of programs that Bill Wulf instituted as president and provide his successor some flexibility in addressing the most pressing issues before the engineering community and the nation at any given time. 51 2 015 National Academy of Engineering Fund Notes to Financial Statements (continued) Note 1. Nature of Activities and Significant Accounting Policies (Continued) Capital Preservation and Hans Reissner represent endowments requiring principal be maintained in perpetuity and that only the income be used for general operations of NAE. Senior Scholar represents an endowment to support an outstanding member of industry or another field working as an advisor and assistant to the president of NAE in the management and execution of NAEҋs programmatic activities. Young Engineer represents an endowment to support programs aimed at engaging engineers at a younger age in the activities of NAE and to provide an opportunity to identify nominees from industry for membership in NAE. Simon Ramo Founders Award represents an endowment requiring that the principal be maintained in perpetuity and that the income be used to support the “Simon Ramo Founders Award” given each year at the annual meeting. Industry Scholar represents an endowment to support fellowships for recently retired corporate executives to assist with strategy and management of program activities in NAE and the National Research Council (NRC). Hollomon represents an endowment requiring that the principal be maintained in perpetuity and that the income be used to support the Hollomon Fellow. Cash and cash equivalents: For purposes of reporting cash flows, the Fund considers all investments purchased with an original maturity of three months or less to be cash equivalents, except for the cash in the investment portfolio, which will be reinvested on a long-term basis. Contributions receivable: Contributions receivables include contributions collected near or at year end by NAS for the Fund but not yet received by the Fund as of December 31, 2015 and 2014. Short-term investments: These investments consist of money market accounts that are used to fund normal operations of the Fund. The money market accounts are not publicly traded and are therefore held at cost. Investment draw receivable: The Fund is eligible to draw 5 percent from one of its investment funds annually. This transfer crosses fiscal years and is recorded as a receivable until the cash is received by the Fund. Promises to give: Unconditional promises to give are recognized as revenue and receivables in the period the promises are made. Unconditional promises to give that are expected to be collected within one year are recorded at their net realizable value. Unconditional promises to give that are expected to be collected in future years are recorded at the present value of their estimated future cash flows. The discounts on those amounts are computed using rates commensurate with the risk involved applicable to the years in which the promises are received. The discount rates used range from 0.21 percent to 2.27 percent for the years ended December 31, 2015 and 2014. Amortization of the discounts is included in contribution revenue. Based on managementҋs evaluation of the collectability of receivables, there is no provision for doubtful promises to give at December 31, 2015 and 2014. Conditional promises to give are not included as support until the conditions are substantially met. 52 NAE National Academy of Engineering Fund Notes to Financial Statements (continued) Note 1. Nature of Activities and Significant Accounting Policies (Continued) Beneficial interest in split interest agreements: Charitable gift annuity agreements are classified as a beneficial interest in split interest agreements in the statements of financial position. The Fund has been notified that it was designated as the remainder beneficiary for several charitable remainder trusts. The Fund has an agreement with NAS, where NAS, rather than the Fund, serves as the trustee of the assets for all. The Fund has recorded an asset and contribution revenue equal to the present value of the remainder interest. The remainder interest was determined by using the fair market value of trust assets, less the estimated distributions by NAS, to the income beneficiary over the Trust term. Upon termination of an annuity, the remainder interest in the asset is available for use by the Fund as restricted or unrestricted assets in accordance with the donorҋs designation. On an annual basis, the Fund re-measures the value of the asset using current assumptions. Any change in such value is recorded as a change in value of splitinterest agreements included within unrealized (loss) gain on the statements of activities. Investments: Investments are carried at fair market value, as discussed in Note 3. Investment income or loss is included in the change in unrestricted net assets unless the income is restricted by donor or law. Unrealized gains and losses are reflected separately within the statements of activities. Financial risk: The Fund maintains its cash and cash equivalents and short-term investments in bank deposit accounts which, at times, may exceed federally insured limits. The Fund has not experienced any losses in such accounts. The Fund believes it is not exposed to any significant credit risk on cash. The Fund invests in professionally managed portfolios that contain equity and fixed income mutual funds, common shares of publicly traded companies, exchange traded funds, hedge funds, fund of funds, a limited partnership and private equity funds. Such investments are exposed to various risks such as interest rate, market and credit risk. Due to the level of risk associated with such investments and the level of uncertainty related to change in the value of such investments, it is at least reasonably possible that changes in risks in the near term would materially affect investment balances and the amounts reported in the financial statements. Support and revenue: The Fund reports gifts of cash and other assets as restricted support if they are received with donor stipulations that limit the use of the donated assets. When a donor restriction expires, (that is, when a stipulated time restriction ends or purpose restriction is accomplished) temporarily restricted net assets are reclassified to unrestricted net assets and reported in the statements of activities as net assets released from restrictions. Unrestricted gifts of cash and other assets are recorded in revenue, gains and other support when received or in the period in which such amounts are estimable. Membership dues are recognized as a contribution in the year it is received. Revenues from special events are recognized at the time the event occurs. Allocation of expenses: The costs of providing various programs and other activities have been summarized on a functional basis in the statement of activities. Accordingly, certain costs have been allocated among the programs and supporting services benefited as follows: Programs: Programs that address relevant issues in the engineering field including, but not limited to: Education, Engineering Practice and the Engineering Workforce; Engineering and the Environment; Engineering, the Economy and Society; Information Technology and Society; National Security and Crime Prevention; and Public Policy and Program Reviews. 53 2 015 National Academy of Engineering Fund Notes to Financial Statements (continued) Note 1. Nature of Activities and Significant Accounting Policies (Continued) Awards: NAE presents five awards: the Bernard M. Gordon Prize, the Charles Stark Draper Prize for Engineering, the Fritz J. and Dolores H. Russ Prize, the Arthur M. Bueche Award and the Simon Ramo Founders Award. Activities include soliciting nominations, selection of the recipients, announcement of the recipients and presentation of the prizes. Member Programs: Organization and administration of the Annual Meeting and publication of NAE Memorial Tributes. Support for NRC and NAS: Contributions to joint activities of the National Academies, including, but not limited to, the NAS/NAE/NAM Committee on Human Rights, the African American History Program, Community Service Projects and the International Visitors Office. Operations: Includes the functions necessary to provide an adequate working environment, provide coordination and articulation of the Fundҋs programs, secure proper administrative function of the Board of Trustees, maintain competent legal services for program administration and manage the financial and budgetary responsibilities of the Fund. Fundraising: Provides the structure necessary to encourage and secure private financial support from individuals, foundations and corporations. Income taxes: The Fund is incorporated under the District of Columbia Non-Profit Corporation Act and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. In addition, the Fund has been determined by the Internal Revenue Service not to be a private foundation. The Fund is required to remit income taxes to the federal government and the District of Columbia for unrelated business income. For the years ended December 31, 2015 and 2014, there was unrelated business income of $995 and $72,210, respectively. The Fund complies with the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Fund may recognize the tax benefit from an uncertain tax position; only if it is more-likely-than-not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes and accounting in interim periods. The Fund had no such positions recorded in the financial statements at December 31, 2015 and 2014. Generally, the Fund is no longer subject to U.S. federal income tax positions by tax authorities for years before 2012. Use of estimates: In preparing financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenue and expenses during the reporting period. The most significant assumptions relate to the realization of pledges receivable and the fair value measurement of investments. Actual results could differ from those estimates. 54 NAE National Academy of Engineering Fund Notes to Financial Statements (continued) Note 1. Nature of Activities and Significant Accounting Policies (Continued) Adopted accounting pronouncement: In May 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-07, Fair Value Measurement (Topic 820); Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). This ASU removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. The amendments also remove the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient. Rather, those disclosures are limited to investments for which the entity has elected to measure the fair value using that practical expedient. This ASU is effective for fiscal years beginning after December 15, 2016. Early adoption is permitted. Upon adoption, the amendments shall be applied retrospectively to all periods presented. The Fund adopted this ASU for the year ended December 31, 2015, and it was retrospectively applied to the year ended December 31, 2014. Prior year disclosures have been revised to reflect the retrospective application of this ASU. The impact of adopting this ASU is reflected in Note 3. Subsequent events: The Fund evaluated subsequent events through June 3, 2016, which is the date the financial statements were available to be issued. Note 2. Promises to Give Promises to give are unconditional and deemed fully collectible as follows at December 31, 2015: 2015 Restricted Unrestricted Unconditional promises to give Less unamortized discount $ $ Amounts due in: Less than 1 year 1 to 5 years $ $ 268,370 (2,776) 265,594 179,981 85,613 265,594 $ $ $ $ 3,284,981 (83,887) 3,201,094 876,250 2,324,844 3,201,094 Total $ $ $ $ 3,553,351 (86,663) 3,466,688 1,056,231 2,410,457 3,466,688 Promises to give are unconditional and deemed fully collectible as follows at December 31, 2014: 2014 Restricted Unrestricted Unconditional promises to give Less unamortized discount $ $ Amounts due in: Less than 1 year 1 to 5 years $ $ 180,970 (2,363) 178,607 58,470 120,137 178,607 $ $ $ $ 4,350,144 (115,413) 4,234,731 1,526,144 2,708,587 4,234,731 55 2 015 Total $ $ $ $ 4,531,114 (117,776) 4,413,338 1,584,614 2,828,724 4,413,338 National Academy of Engineering Fund Notes to Financial Statements (continued) Note 3. Investments Investments consist of the following at December 31: 2015 Cash and money market* Money market fund Equity securities Mutual funds Exchange traded funds Alternative investments $ Less short-term investments $ 2,832,231 4,637,970 7,841,105 5,087,610 2,054,448 44,896,209 67,349,573 (2,970,062) 64,379,511 2014 $ $ 2,755,492 3,667,297 7,280,458 5,296,496 1,863,675 45,440,752 66,304,170 (1,859,009) 64,445,161 *Cash and money market accounts held at cost. Investment return consists of the following for the years ended December 31: 2015 Interest and dividends Unrealized (loss) gain Realized gain $ $ 281,077 (172,647) 817,241 925,671 2014 $ $ 332,014 1,120,813 2,704,979 4,157,806 56 NAE National Academy of Engineering Fund Notes to Financial Statements (continued) Note 3. Investments (Continued) The Fair Value Measurement Topic of the Codification defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Fund utilizes valuation techniques to maximize the use of observable inputs and minimize the use of unobservable inputs. Assets and liabilities recorded at fair value are categorized within the fair value hierarchy based upon the level of judgment associated with the inputs used to measure their value. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). Inputs are broadly defined as assumptions market participants would use in pricing an asset or liability. The three levels of the fair value hierarchy are described below: Level 1: Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. The types of investments included in Level 1 include listed equities and listed derivatives. As required by the guidance provided by the Codification, the Fund does not adjust the quoted price for these investments, even in situations where the Fund holds a large position and a sale could reasonably impact the quoted price. Level 2: Valuations based on inputs other than quoted prices within Level 1 that are observable for the asset or liability, either directly or indirectly and fair value is determined through the use of models or other valuation methodologies. Investments which are generally included in this category include corporate bonds and loans, less liquid and restricted equity securities and certain over-the-counter derivatives. A significant adjustment to a Level 2 input could result in the Level 2 measurement becoming a Level 3 measurement. Level 3: Valuations based on inputs that are unobservable for the asset or liability and include situations where there is little, if any, market activity for the asset or liability. The inputs into the determination of fair value are based upon the best information in the circumstances and may require significant management judgment or estimation. All transfers between fair value hierarchy levels are recognized by the Fund at the end of each reporting period. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investmentҋs level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Fundҋs assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the investment. The inputs or methodology used for valuing financial instruments are not necessarily an indication of the risks associated with investing in those instruments. 57 2 015 National Academy of Engineering Fund Notes to Financial Statements (continued) Note 3. Investments (Continued) Investments and other assets measured at fair value on a recurring basis are as follows at December 31, 2015: Total Investments: Mutual funds: International equity fund Long-term bond fund $ Equity securities: Consumer goods Services Technology Healthcare Financial Basic materials Industrial goods 3,771,822 1,315,788 5,087,610 Level 1 $ Level 2 3,771,822 1,315,788 5,087,610 $ - Level 3 $ - 1,851,464 1,993,441 1,161,419 1,129,169 634,194 596,995 474,423 7,841,105 1,851,464 1,993,441 1,161,419 1,129,169 634,194 596,995 474,423 7,841,105 - - Exchange traded funds: High yield 2,054,448 2,054,448 - - Money market funds 4,637,970 4,637,970 - - 19,621,133 19,621,133 - - Total investments held at fair value Beneficial interest in split interest agreements Total assets held at fair value Total investments: Held at fair value Held at net asset value (NAV) (a) Held at cost 346,517 $ 19,967,650 $ 19,621,133 44,896,209 2,832,231 67,349,573 $ $ 19,621,133 $ - 346,517 $ 346,517 58 NAE National Academy of Engineering Fund Notes to Financial Statements (continued) Note 3. Investments (Continued) Investments and other assets measured at fair value on a recurring basis are as follows at December 31, 2014: Total Investments: Mutual funds: International equity fund Long-term bond fund $ Equity securities: Consumer goods Services Technology Healthcare Financial Basic materials Industrial goods Exchange traded funds: High yield Money market funds Total investments held at fair value Beneficial interest in split interest agreements Total assets held at fair value 3,995,405 1,301,091 5,296,496 Level 1 $ 3,995,405 1,301,091 5,296,496 $ - Level 3 $ - 1,874,924 1,777,817 1,012,992 899,085 641,381 615,185 459,074 7,280,458 1,874,924 1,777,817 1,012,992 899,085 641,381 615,185 459,074 7,280,458 - - 1,863,675 1,863,675 - - 3,667,297 3,667,297 - - 18,107,926 18,107,926 - - 413,045 $ Level 2 18,520,971 $ 18,107,926 $ - 413,045 $ 413,045 Total investments: Held at fair value $ 18,107,926 $ 45,440,752 2,755,492 66,304,170 Held at net asset value (NAV) (a) Held at cost (a) In accordance with Codification Topic 820-10, certain investments that are measured at fair value using the net asset value (NAV) per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the statements of financial position. 59 2 015 National Academy of Engineering Fund Notes to Financial Statements (continued) Note 3. Investments (Continued) The following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2015 and 2014. Mutual funds, equity securities, money market funds and exchange traded funds are publicly traded on the exchanges and therefore are considered Level 1 items. Beneficial interests in split-interest agreements held by others are measured at the present value of future cash flows considering the estimated return on the invested assets during the expected term of the agreements, the contractual payment obligations under the agreement and a discount rate commensurate with the risks involved. Split-interest agreements held by others are classified as Level 3 within the fair value hierarchy. The table below sets forth a summary of changes in fair value of the Fundҋs Level 3 assets, the beneficial interests in split-interest agreements, for the years ended December 31, 2015 and 2014: 2015 Split Interest Agreement Balance, beginning of year New split interest agreement gifts Payout of split interest agreements Change in value of split interest agreements Balance, end of year $ 413,045 2014 Split Interest Agreement $ - 8,807 - $ (66,528) 346,517 702,297 (161,828) $ (136,231) 413,045 60 NAE National Academy of Engineering Fund Notes to Financial Statements (continued) Note 3. Investments (Continued) The table below presents additional information for the Fundҋs investments, as of December 31, 2015, whose fair value is estimated using the NAV per share (or equivalent) practical expedient and presents the nature and risk of assets with fair values estimated using NAV held at December 31, 2015: Fair Value at December 31, 2015 Fair Value at December 31, 2014 Unfunded Commitment $ 23,496,420 $ 25,049,774 $ Fund of hedge funds – multi-strategies, multi-vehicles (b) 7,756,558 9,888,205 Hedge funds – long equity (c) 7,648,293 3,600,000 Private equity – multiple strategies (d) 2,830,102 3,441,547 Hedge funds – restructuring and value (e) 2,665,390 Fund of hedge funds – multi-strategies (a) Limited partnership (f) Private equity – single strategy (g) Total Redemption Frequency Redemption Notice Period Annually 75 days Monthly – annually, or upon dissolution of the fund 30 – 125 days Quarterly and after lock-up period 30 days – 5 years Upon liquidation of the fund None 203,297 2,616,393 455,679 Quarterly – annually 60 – 90 days 277,184 428,869 29,286 Upon dissolution of the partnership None 222,262 $ 44,896,209 415,964 $ 45,440,752 44,164 $ 857,426 Upon dissolution of the partnership None - 125,000 - (a) This category includes investments in funds of hedge funds that use multiple strategies to obtain total returns on a leveraged basis. The funds invest in a broad range of equity instruments, including international, domestic and private equity. The funds also invest in fixed income and alternative asset classes. The fundҋs portfolio is designed to achieve equity-like returns at fixed income risk levels. The funds are subject to an initial two-year lock up and are limited to annual redemptions thereafter. Withdrawals require a minimum 75 daysҋ notice and are subject to specific considerations as outlined in the Limited Partnership Agreement. (b) This category includes investments in a multi-strategy, multi-vehicle hedge fund with the objective of maximizing long-term, risk adjusted returns and capital appreciation. The funds have investments in multiple investees which trade in various financial instruments such as, but not limited to, domestic and international securities, fixed income debt, government securities, real estate investment trusts and derivatives. 11 percent of the investments in this category are available for redemption monthly, 60 percent of the investments are available for redemption quarterly, 14 percent of the investments are available for redemption annually, and 15 percent of the investments are available for redemption upon dissolution. Notice periods range from 30-125 daysҋ notice. Shares are redeemable at their NAV as of the end of the respective month, quarter, year, or at the time of dissolution. 61 2 015 National Academy of Engineering Fund Notes to Financial Statements (continued) Note 3. Investments (Continued) (c) Investment funds in this strategy invest primarily in publicly-traded common stocks but its investments may, at times, include positions in publicly-traded, domestic or foreign common stocks, stock warrants and rights. The Fundҋs investments may include investment in small capitalization companies as well as mature companies. Investments representing approximately 22 percent of the investments in this category are available for redemption quarterly with 30 daysҋ notice. The remaining 78 percent of investments in this category are available for redemption without penalty after an initial five-year lock-up period. (d) This category includes investments in private equity, venture capital and distressed securities and other non-traditional categories on a global basis. The other fund makes indirect investments in emerging private markets including private equity and distressed securities. These investments can never be redeemed with the funds. Instead, the nature of the investments in these categories is that distributions are received through the liquidation of the underlying assets of the fund. As of December 31, 2015, it is probable that the investments in these categories will be liquidated at an amount different from the NAV of the Fundҋs ownership interest in partnersҋ capital. Investments in the underlying funds are reported at their estimated fair value, as determined in good faith by the fund manager. Fair value is based on the information provided by the respective general partner of each of the underlying funds, including audited financial statements, which reflects the fundҋs share of the fair value of the net assets of the respective underlying fund and any other relevant factors determined by the fund manager. The fund has applied the fair value guidance for measuring its investments in the underlying funds, using the practical expedient. As such, the fund fair values its investments using the underlying fundsҋ NAV without any further adjustments. The value reported by the Fund is the value of its ownership share. (e) Investment funds in this strategy invest in securities of companies that are believed to be significantly undervalued, some of which are in Chapter 11 bankruptcy. The other fund invests in equity and debt of companies it deems to be undervalued. Both funds invest in a master fund which includes derivatives. Investments representing approximately 41 percent of the investments in this category are available for redemption quarterly with 60 daysҋ notice. The remaining 59 percent of investments in this category are available for redemption annually with 90 daysҋ written notice. Shares are redeemable at their NAV as of the end of the respective quarter or year. (f) This category includes investment in a limited partnership who invests in private equity funds engaged in venture capital, buyouts and growth capital, international private equity and other private equity investments. The Fund may receive distributions-in-kind from the Partnership Investments representing securities of the Partnership Investmentsҋ underlying portfolio companies. These investments can never be redeemed with the funds. Instead, the nature of the investments in these categories is that distributions are received through the liquidation of the underlying assets of the fund. As of December 31, 2015, it is probable that the investments in these categories will be liquidated at an amount different from the NAV of the Fundҋs ownership interest in partnersҋ capital. Investments in the underlying funds are reported at their estimated fair value, as determined in good faith by the fund manager. Fair value is based on the information provided by the respective general partner of each of the underlying funds, including audited financial statements, which reflects the fundҋs share of the fair value of the net assets of the respective underlying fund and any other relevant factors determined by the fund manager. The fund has applied the fair value guidance for measuring its investments in the underlying funds, using the practical expedient. As such, the fund fair values its investments using the underlying fundsҋ NAV without any further adjustments. The value reported by the Fund is the value of its ownership share. 62 NAE National Academy of Engineering Fund Notes to Financial Statements (continued) Note 3. Investments (Continued) (g) The fund invests in private equity companies that provide infrastructure. The fund seeks investments that have a desirable risk return profile, which will deliver, in aggregate, a gross target internal rate of return of 12 percent to 15 percent with prudent leverage. The leverage strategy primarily revolves around the following principles: structure debt capital to investment grade standards whenever possible; develop matching debt duration profiles to respective assetsҋ cash flow profiles; and avoid floating interest rate exposure, either through the use of fixed rate debt or interest hedging activities. These investments can never be redeemed with the funds. Instead, the nature of the investments in these categories is that distributions are received through the liquidation of the underlying assets of the fund. As of December 31, 2015, it is probable that the investments in these categories will be liquidated at an amount different from the NAV of the Fundҋs ownership interest in partnersҋ capital. Investments in the underlying funds are reported at their estimated fair value, as determined in good faith by the fund manager. Fair value is based on the information provided by the respective general partner of each of the underlying funds, including audited financial statements, which reflects the fundҋs share of the fair value of the net assets of the respective underlying fund and any other relevant factors determined by the fund manager. The fund has applied the fair value guidance for measuring its investments in the underlying funds, using the NAV practical expedient. As such, the fund fair values its investments using the underlying fundsҋ NAV without any further adjustments. The value reported by the Fund is the value of its ownership share. 63 2 015 National Academy of Engineering Fund Notes to Financial Statements (continued) Note 4. Permanently and Temporarily Restricted Net Assets Permanently and temporarily restricted net assets consist of the following at December 31, 2015: 2015 Permanently Restricted Gordon Prize Draper Prize Wm. A. Wulf Initiative for Engineering Excellence Capital Preservation Senior Scholar Young Engineers Simon Ramo Founders Award Industry Scholar Hollomon Hans Reissner Vest Opportunity Fund Frontiers of Engineering – Grainger Foundation Unrestricted contributions to be received in future years Public Understanding Global Grand Challenges Engineer Girl 3UHVLGHQWҋV2SSRUWXQLW\IXQG Urban Infrastructure Futures/Chevron Guiding Implementation Make Value for America Others Engineering for U 3UHVLGHQWҋV'LVFUHWLRQDU\ Noise Policy Development Engineering Education Russ Prize Diversity in the Engineering Work Force Engineering Education & Research Engineering Ethics Center CASEE Frontiers of Engineering Communication with Public in Crisis USIP Roundtable Technology and Environment Native Americans in Engineering Engineering & Services PUE Messaging Information Technology $ $ 13,438,250 8,000,000 3,015,322 2,460,701 1,000,000 786,724 500,000 353,038 201,200 25,622 29,780,857 Temporarily Restricted $ $ 853,377 1,019,580 524,014 193,245 173,079 69,799 200,537 444,630 15,030 5,213,496 2,690,945 604,692 582,415 555,756 387,932 377,165 358,386 277,374 214,903 107,592 82,626 71,239 54,123 50,002 9,312 8,519 7,050 5,963 4,781 2,331 1,917 1,729 1,046 1,016 509 19 11 15,166,140 64 NAE National Academy of Engineering Fund Notes to Financial Statements (continued) Note 4. Permanently and Temporarily Restricted Net Assets (Continued) Permanently and temporarily restricted net assets consist of the following at December 31, 2014: 2014 Permanently Restricted Gordon Prize Draper Prize Wm. A. Wulf Initiative for Engineering Excellence Capital Preservation Senior Scholar Young Engineers Simon Ramo Founders Award Industry Scholar Hollomon Hans Reissner Vest Opportunity Fund Frontiers of Engineering – Grainger Foundation Global Grand Challenges Public Understanding Futures/Chevron Guiding Implementation Make Value for America Unrestricted contributions to be received in future years Frontiers of Engineering Education Urban Infrastructure 50th Anniversary Support/E for U Information Technology Noise Policy Development Others National Engineering Forum Frontiers of Engineering Engineering Education & Research Diversity in the Engineering Work Force Russ Prize Technology and Environment CASEE Engineer Girl Engineering Ethics Center USIP Roundtable Communication with Public in Crisis Native Americans in Engineering Engineering & Services Bueche Award Engineering Education PUE Messaging $ $ 13,438,250 8,000,000 3,015,322 2,440,701 1,000,000 792,981 500,000 353,038 201,200 25,623 29,767,115 65 2 015 Temporarily Restricted $ $ 1,225,021 986,057 615,965 229,823 189,742 75,409 195,944 450,740 16,289 5,305,607 3,154,691 1,018,748 503,915 679,765 600,966 577,975 319,948 310,829 432,554 64,666 59,612 53,832 44,415 22,157 10,190 9,770 6,452 6,413 5,391 2,458 2,137 2,124 1,917 1,149 508 222 121 18 17,183,540 National Academy of Engineering Fund Notes to Financial Statements (continued) Note 5. Endowments Interpretation of relevant law: The Fund has interpreted the District of Columbia-enacted version of the Uniform Prudent Management of Institutional Funds Act (UPMIFA) as requiring the Fund, absent explicit donor stipulations to the contrary, to act in good faith and with the care that an ordinarily prudent person in a like position would exercise under similar circumstances in making determinations to appropriate or accumulate endowment funds, taking into account both its obligation to preserve the value of the endowment and its obligation to use the endowment to achieve the purposes for which it was donated. The Fund classifies as permanently restricted net assets (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. The remaining portion of the donor-restricted endowment fund that is not classified in permanently restricted net assets is classified as temporarily restricted net assets until those amounts are appropriated for expenditure. In accordance with UPMIFA, the Fund considers the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: (1) The duration and preservation of the endowment fund (2) The purposes of the institution and the endowment fund (3) General economic conditions (4) The possible effect of inflation or deflation (5) The expected total return from income and the appreciation of investments (6) Other resources of the institution (7) The investment policy of the institution Return objective and risk parameters: The Fund has adopted an investment policy for the endowment fund. This investment program is based on growing the endowment fund to provide financial stability for the Fund in perpetuity. The Fundҋs ability to tolerate risk and volatility should be consistent with that of a conservative growth portfolio, with investments made in companies that demonstrate consistent growth over time. Asset allocations are developed in accordance with this long-term, conservative growth strategy. Spending policy: The Fund will appropriate for expenditure in its annual budget a percentage of the earnings. There may be times when the Fund may opt not to take the spending rate, but rather to reinvest some or all of the annual income. Fair value: The fair value of assets associated with donor-restricted endowment funds may fall below the level that UPMIFA requires to retain as a fund of perpetual duration. In accordance with U.S. GAAP, deficiencies of this nature that are reported in unrestricted net assets were $1,132,664 and $624,763 as of December 31, 2015 and 2014, respectively. 66 NAE National Academy of Engineering Fund Notes to Financial Statements (continued) Note 5. Endowments (Continued) The following illustrates endowment net asset composition by type of fund at December 31, 2015: 2015 Temporarily Restricted Unrestricted Donor-restricted endowment funds Total funds $ $ (1,132,664) (1,132,664) $ $ Permanently Restricted 3,493,291 3,493,291 $ $ 29,780,857 29,780,857 Total $ $ 32,141,484 32,141,484 Changes in endowment net assets for the year ended December 31, 2015, as follows: 2015 Temporarily Restricted Unrestricted Endowment net assets, beginning of year Investment return: Interest and dividends, net of fees Realized gain on investments Net (depreciation) appreciation Total investment return Amounts appropriated for expenditure Contributions received Endowment net assets, end of year $ (624,763) $ (507,901) (507,901) (1,132,664) 3,984,990 $ 29,767,115 (122,915) 467,863 447,149 792,097 $ Permanently Restricted 3,493,291 $ - (1,283,796) $ Total (122,915) 467,863 (60,752) 284,196 13,742 $ 29,780,857 33,127,342 (1,283,796) 13,742 $ 32,141,484 The following illustrates endowment net asset composition by type of fund at December 31 2014: 2014 Temporarily Restricted Unrestricted Donor-restricted endowment funds Total funds $ $ (624,763) (624,763) $ $ 3,984,990 3,984,990 Permanently Restricted $ $ 29,767,115 29,767,115 67 2 015 Total $ $ 33,127,342 33,127,342 National Academy of Engineering Fund Notes to Financial Statements (continued) Note 5. Endowments (Continued) Changes in endowment net assets for the year ended December 31, 2014, are: 2014 Temporarily Restricted Unrestricted Endowment net assets, beginning of year Investment return Interest and dividends, net of fees Realized gain on investments Net appreciation Total investment return Amounts appropriated for expenditure Contributions received Endowment net assets, end of year Note 6. $ (808,621) $ 183,858 183,858 (624,763) $ (249,061) 1,509,767 551,012 1,811,718 $ 3,384,493 Permanently Restricted 3,984,990 $ - (1,211,221) $ 29,748,220 Total (249,061) 1,509,767 734,870 1,995,576 18,895 $ 29,767,115 32,324,092 (1,211,221) 18,895 $ 33,127,342 Related Party Transactions The National Academies Corporation: The National Academies Corporation (TNAC) is a nonprofit corporation that was incorporated in January 1986 for the purpose of constructing and maintaining a study and conference facility, the Arnold and Mabel Beckman Center, in Irvine, California, to expand and support the general scope of program activities of NAS, NAE, the National Academy of Medicine (NAM) and NRC. TNAC is organized as a tax-exempt supporting organization for NAS and the Fund. The Board of Directors and officers of TNAC include certain officers of the Fund. The Fund had no transactions with TNAC for the years ended December 31, 2015 and 2014. National Academy of Sciences: The Fund reimburses NAS by making periodic payments based on NAEҋs estimated expenditures for the year. The Fund also receives contributions through NAS. This resulted in a payable to NAS at December 31, 2015 and 2014, of $1,015,422 and $1,132,446, respectively. Payments made to NAS by the Fund for the Fundҋs allocated portion of the expenditures shared jointly by NAS, NAE and NAM were $1,031,697 and $1,154,992 for the years ended December 31, 2015 and 2014, respectively. 68 NAE Officers Councillors Chair Charles O. Holliday, Jr. (2016) Chairman, Royal Dutch Shell PLC Retired Chairman of the Board and CEO, E.I. du Pont de Nemours and Co. John L. Anderson (2018) Distinguished Professor of Chemical Engineering, Illinois Institute of Technology President C. D. (Dan) Mote, Jr. (2019) President, National Academy of Engineering Vice President Corale L. Brierley (2018) Principal, Brierley Consulting, LLC Home Secretary Thomas F. Budinger (2016) Professor, University of California, Berkeley; Senior Consulting Scientist, E.O. Lawrence Berkeley National Laboratory Foreign Secretary Ruth A. David (2019) Retired President and CEO, Analytic Services Inc. Venkatesh Narayanamurti (2015) ‡ Benjamin Peirce Professor of Technology and Public Policy, Harvard School of Engineering and Applied Sciences; Director, Science, Technology and Public Policy Program, Harvard Kennedy School Treasurer Martin B. Sherwin (2017) Retired Vice President, W.R. Grace & Co. C. Paul Robinson (2016) President Emeritus, Sandia National Laboratories Wanda M. Austin (2018) President and Chief Executive Officer, The Aerospace Corporation Arnold F. Stancell (2015) ‡ Retired Vice President, Mobil Oil; Turner Professor of Chemical Engineering Emeritus, Georgia Institute of Technology Uma Chowdhry (2016) Chief Science and Technology Officer Emeritus, E.I. du Pont de Nemours and Co. Richard H. Truly (2018) Retired Vice Admiral, United States Navy; Retired Director, National Renewable Energy Laboratory Paul Citron (2016) Retired Vice President, Technology Policy and Academic Relations, Medtronic, Inc. Ex Officio: Ralph J. Cicerone (2016) President, National Academy of Sciences David E. Daniel (2016) Deputy Chancellor, The University of Texas System ‡ Indicates term ended June 30, 2015. Year in parentheses indicates the year term expires. Anita K. Jones (2018) University Professor Emerita, University of Virginia Frances S. Ligler (2017) Lampe Distinguished Professor of Biomedical Engineering, UNC-Chapel Hill, School of Medicine and North Carolina State University College of Engineering Arunava Majumdar (2017) Jay Precourt Professor and Senior Fellow, Precourt Institute for Energy, Stanford University Richard A. Meserve (2017) President Emeritus, Carnegie Institution for Science H. Vincent Poor (2017) Dean of Engineering and Applied Science; and Michael Henry Strater University Professor, Princeton University 69 2 015 Staff NAE Publications Office of the President C. D. Mote, Jr., President Laura Mersky, Senior Executive Assistant (through July) Kelli Zingler, Senior Executive Assistant (from November) Office of the Home Secretary Thomas F. Budinger, Home Secretary Mary Lee Berger-Hughes, Director, Membership Office Office of the Foreign Secretary Venkatesh Narayanamurti, Foreign Secretary (through June) Ruth David, Foreign Secretary (from July) Vivienne Chin, Administrative Assistant (through June) Executive Office Corale L. Brierley, Vice President Lance Davis, Executive Officer (through February); Senior Advisor (from March) Alton Romig, Jr., Executive Officer (from March) Jatryce Jackson, Administrative Assistant Finance Office Martin B. Sherwin, Treasurer Mary Resch, Director (through February) Joan Zaorski, Director (from March) Raymond Hart, Senior Accountant Barbara Boyd, Administrative Coordinator Membership Office Mary Lee Berger-Hughes, Director Michaela Curran, Election Associate Kim Garcia, Election Manager Allison Gomes, Summer Intern Pamela Lankowski, Council Administrator Jenney Resch, Senior Membership Associate Patricia Scales, Membership Associate (through May) Dennis Thorp, Graphic Designer and Publications Coordinator (through May) Program Office Proctor Reid, Director Randy Atkins, Senior Public/Media Relations Officer Frazier Benya, Program Officer Elizabeth Cady, Program Officer Vivienne Chin, Administrative Assistant (through June) Phillip Coleman, Anderson & Commonweal Intern (Summer) Catherine Didion, Senior Program Officer, Diversity in the Engineering Workforce Bernadet (Abby) Estabillo, College Intern (from March) Cameron Fletcher, Senior Editor Nicole Flores, Media Specialist Marthe Folivi, College Intern (March-May) Penelope Gibbs, Administrative and Financial Associate Amelia Greer, Associate Program Officer Emily Hoffman, Christine Mirzayan Science and Technology Policy Graduate Fellow (January-April) Rachelle Hollander, Director, Center for Engineering Ethics and Society Michael Holzer, Senior Program Assistant (from November) Sherri Hunter, Program Coordinator (from March) Janet Hunziker, Senior Program Officer, Frontiers of Engineering Kenan Jarboe, Senior Program Officer, Manufacturing, Design and Innovation (from September) Maribeth Keitz, Senior Program Associate/Web Communications Manager Mary Kutruff, Financial Officer Jacqueline Martin, Awards Associate (through July) Brianna Marshall, Anderson & Commonweal Intern (Summer) Greg Pearson, Scholar, K-12 Engineering Education and Public Understanding of Engineering Simil Raghavan, Program Officer Emily Roberts, Christine Mirzayan Science and Technology Policy Graduate Fellow (January-April) Katie Whitefoot, Robert A. Pritzker Fellow and Senior Program Officer, Manufacturing, Design and Innovation (through August) Jason Williams, Senior Financial Assistant Deborah Young, Awards Administrator NAE reports are available from the National Academies Press either for purchase or as free downloadable PDFs at www.nap.edu or 800624-6242, or from the National Academies Bookstore, 500 Fifth Street NW, Washington, DC. All reports can also be read online. Reports from 2015: Frontiers of Engineering: Reports on Leading-Edge Engineering from the 2014 Symposium Making Value for America: Embracing the Future of Manufacturing, Technology, and Work Educate to Innovate: Factors that Influence Innovation The Past Half Century of Engineering—And a Look Forward (2014 Annual Meeting Forum Summary) Effective Practices in Supporting Transfer Students (workshop report; NAE-ASEE) The Bridge, the NAE quarterly journal, is available from the NAE Program Office or online at www.nae.edu/ thebridge. A PDF version is also available on the website. Development Office Radka Nebesky, NAE Director of Development Jamie Killorin, Director of Gift Planning 70 NAE Photo Credits: Cover: background — Bigstock; circle images (L-R) — iStock, Shutterstock, Shutterstock, iStock Page 1: Cable Risdon The National Academy of Sciences was established in 1863 by an Act of Congress, signed by President Lincoln, as a private, nongovernmental institution to advise the nation on issues related to science and technology. Members are elected by their peers for outstanding contributions to research. Dr. Ralph J. Cicerone is president. The National Academy of Engineering was established in 1964 under the charter of the National Academy of Sciences to bring the practices of engineering to advising the nation. Members are elected by their peers for extraordinary contributions to engineering. Dr. C. D. Mote, Jr., is president. The National Academy of Medicine (formerly the Institute of Medicine) was established in 1970 under the charter of the National Academy of Sciences to advise the nation on medical and health issues. Members are elected by their peers for distinguished contributions to medicine and health. Dr. Victor J. Dzau is president. The three Academies work together as the National Academies of Sciences, Engineering, and Medicine to provide independent, objective analysis and advice to the nation and conduct other activities to solve complex problems and inform public policy decisions. The Academies also encourage education and research, recognize outstanding contributions to knowledge, and increase public understanding in matters of science, engineering, and medicine. Learn more about the National Academies of Sciences, Engineering, and Medicine at www.national-academies.org. NATIONAL ACADEMY OF ENGINEERING 500 Fifth Street, NW Washington, DC 20001 www.nae.edu