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Annual Report 2015
6
2015 ASM FOUNDATION
PACESETTER AWARD
The Forging Foundation was established in 1961 by the leaders of the Forging Industry Association to foster forging
education and technology development in engineering schools and research universities. Sponsorship of ASM’s Mate-
rials Camps for Teachers has provided the opportunity to reach to a younger audience with whom the forging supply
chain story can be shared.
In addition to the financial support, each teacher participant receives a set ofmaterials for use back in their classrooms – the
‘Forge Your Future’ bag contains print and electronic materials covering the forging process and careers in the industry.
Industry volunteers also get involved in local camp activities by making brief, informal presentations typically over
lunch on—Metals Day—and share where forgings are found and how it applies to daily life.
Connections made at the camps have led to industry volunteers being invited to make classroom presentations and
organize plant tours for student field trips. All building relationships between forging producers and supplier compa-
nies’ future workforce pipeline.
2015
2014
CURRENT ASSETS
Cash and cash equivalents
19,812
$
11,570
$
Current portion of pledges receivable
72,052
35,221
Accounts receivable - ASM International
-
168,235
91,864
215,026
PROPERTY AND EQUIPMENT, net
5,950
5,950
OTHER ASSETS
Pledges receivable, net of discount
31,866
36,676
Investments
10,930,861
11,895,469
10,962,727
11,932,145
11,060,541
$
12,153,121
$
CURRENT LIABILITIES
Line of credit
675,177
$
720,177
$
Accounts payable and accrued expenses
18,141
7,086
Accounts payable - ASM International
94,977
-
Other
3,500
39,808
791,795
767,071
Unrestricted:
Operating
2,715,844
3,100,744
Board Designated
5,574,297
6,216,162
Temporarily restricted
1,075,344
1,222,158
Permanently restricted
903,261
846,986
10,268,746
11,386,050
11,060,541
$
12,153,121
$
ASSETS
ASM MATERIALS EDUCATION FOUNDATION
STATEMENTS OF FINANCIAL POSITION
DECEMBER 31, 2015 AND 2014
LIABILITIES
NET ASSETS
REMEMBERING
ROBERT D.
HALVERSTADT
We lost a cherished friend, leader,
and champion of the ASM com-
munity in 2015 with the passing of
board member Robert D. Halver-
stadt. Bob served the Foundation
with distinction in his role as a
Trustee since 2007 and has our pro-
found gratitude and appreciation
for his support and remarkable
influence. His vision and leader-
ship will have a lasting effect and
we will be forever grateful for his
service and dedication.