Page 82 - Fall2021
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FOUNDATION FUND
Table 1. Awards, prizes, fellowships and scholarships supported by the Fund
The Fund has two distinct types of accounts: those with donor restrictions (41%) and those without donor restrictions (59%). As the names imply, these categories inform us how the ASA can spend the monies along with spending rules approved by the Executive Council. As an example, one of the accounts with donor restrictions is the Frank and Virginia Winker Fund, which was created by ASA member Doug Winker to establish and support the Frank and Virginia Winker Memorial Scholarship for Graduate Study in Acoustics. One of the Funds without donor restrictions is the Operating Fund, which supports many activities and all administrative expenses and had $2,969,356 at the end of 2020 compared with $2,685,843 at the end of 2019, an increase of 10.6%.
Summer Undergraduate Research or Internship Experience in Acoustics
The ASA has established a plan to enhance diversity, equity, and inclusion in the field of acoustics (see the Acoustic Today essay by Porter; available at bit.ly/3fvx2F7). As part of this plan, the ASA has created a 12-week paid, summer undergraduate research program for underrep- resented minority students interested in acoustics from around the country. This new program will emphasize training, mentoring, research, and preparing students for graduate studies and careers in acoustics. The Fund supported SURIEA with $30,000 in addition to support from the ASA; American Institute of Physics; National Council of Acoustical Consultants; Threshold Acoustics, LLC; and other donors. As I write this report, SURIEA received 170 applications for support for research in 2021, but funds were available to fully support a maximum of 12 internships. Unrestricted donations to the Fund will help assure that SURIEA extends beyond 2021 and allows the ASA to increase the number of supported students underrepresented in acoustics.
Covid-19 Impact on the Foundation Fund
As I write this report, the world is still dealing with the Covid-19 pandemic. However, with the excellent leadership of the ASA Investments Committee chaired by Dave Adams (which is charged with reviewing the financial investments of the ASA including those of the Fund) and with advice from the Society’s invest- ment advisors, the financial impact of the pandemic has been mitigated. The emphasis on long-term growth has allowed the Fund to weather several storms of the last
  Acoustical Oceanography Student Travel Award
 ASA Early Career Leadership Fellowship
 Frank and Virginia Winker Memorial Scholarship for Graduate Study in Acoustics
 Frederick V. Hunt Postdoctoral Research Fellowship in Acoustics
 James E. West Minority Fellowship
 Leo and Gabriella Beranek Scholarship in Architectural Acoustics and Noise Control
 Medwin Prize in Acoustical Oceanography
 Pioneers in Underwater Acoustics Medal
 R. Bruce Lindsay Award
 Raymond H. Stetson Scholarship in Phonetics and Speech Science
 Robert Bradford Newman Student Award
 Robert J. Urick Prize for Best JASA Article by a Student in Ocean Acoustics
 Robert W. Young Award for Undergraduate Student Research in Acoustics
 Rossing Prize in Acoustics Education
 Royster Student Scholarship Award
 Student Transportation Awards
 Theodore John Schultz Grant for Advancement of Acoustical Education
 Trent-Crede Medal
 von Békésy Medal
 Wallace Clement Sabine Medal
 Wenger Prize for the Student Design Competitions
 William and Christine Hartmann Prize in Auditory Neuroscience
  connections made by students with each other and with more senior members can change lives. The future of the Society is our students, and this investment in their careers will pay off for decades. With ASA meetings converted to virtual events, no awards from the Student Transportation Fund were made in 2020 but will resume with the Fall 2021 meeting in Seattle, Washington.
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