NABE Foundation Will Focus on Programs, Revenue
About to begin its sixth year, the NABE Foundation will focus on new approaches to support educational opportunities as its board evaluates its budget and the success of programs it has supported.
 John Silvia, former NABE Board of Directors member and chief economist of Wells Fargo, is the new Foundation chairman. He succeeds Jack Kleinhenz, president of the Cleveland-based consulting firm Kleinhenz & Associates. Kleinhenz, who served as the first chairman beginning in 2004 when the Foundation was established, remains on the board of the Foundation.
Asked to describe the Foundation’s top priorities for the coming year, Silvia said: “We will focus on improving the budget process and improving the governance process. We will develop an assessment of the value of scholarships given to the Professional Development Seminar (PDS). And we will develop ideas on better solicitation process.”
He added that the board “will consider expanding scholarship offerings, partnering with institutions that hire recent graduates, and working to identify institutional sources for fund raising appeals.”
Next Year’s PDS Set For April 12-14
Next year the Professional Development Seminar will be held April 12-14 at the Crystal City Hyatt in Arlington, Va. The organizers are finalizing plans and will announce details in a few weeks.
A popular program that attracts many new members to NABE, the PDS began in 2004 under the leadership of Duncan Meldrum, then NABE president.
The theme of the 2009 PDS was “The Macro Economy: Data and Models” and it held to its signature formula of pairing top data agency officials with expertise in how economic indicators are compiled with private forecasters who use those data series. The Foundation awarded 12 scholarships to attend the PDS last spring.
Silvia said the Foundation board also will look at ways to broaden its revenue base. For the first year under his chairmanship, he said, “I think it best to figure what we have done and its success benchmarks.”
Over the last two years, the Foundation has raised funds during NABE annual meetings and the Washington Policy Conference, often with incentives from matches offered by donors who support the educational goals of the organization as individuals and through their companies.
Other members of the NABE Foundation board are: Stuart G. Hoffman, PNC Financial Services Group; Gene Huang, FedEx Corporation; Ellen Hughes-Cromwick, Ford Motor Company; Francis H. Schott, corporate director; Diane C. Swonk, Mesirow Financial; Carl R. Tannenbaum, Federal Reserve Bank of Chicago; Richard L. Wobbekind, University of Colorado; and Tom Beers, NABE executive director.
For more information on the Foundation, go to: http://www.nabefoundation.com/
The Foundation board welcomes suggestions from NABE members. Contact Silvia at: john.silvia@wachovia.com
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