FIDIC Foundation
At a meeting in March 2023, the FIDIC board agreed a proposal to establish a new FIDIC Foundation with the primary objective to help attract those from diverse backgrounds and socio-economic groups to pursue a career in engineering by providing financial assistance, thus supporting the need to create a new pipeline of talent for the industry.
The objective of the foundation is to raise funds and disburse the money raised to support organisations, member associations, individuals and professionals to achieve FIDIC s public good objects. These are objects 5, 6, 7, 8 and 9 as listed in the FIDIC statutes. FIDIC sees its 110th anniversary celebrations as the ideal time to launch such an initiative that will enable the organisation and the wider industry to put something back and make a difference to those in need of support as they embark on a career in the engineering, construction and infrastructure sector.
The new Foundation, a charitable organisation operating in accordance with Swiss law for the purposes of taxation and the disbursement of funds, would be governed and managed by independently appointed board members, led by a chair/president, executive director and up to five non-executive directors, carefully selected across FIDIC s operating regions.
It is envisaged that the FIDIC Foundation would be funded in three stages and be made up of annual contributions from consulting engineering, construction and infrastructure organisations, contributions from international financial institutions, philanthropic organisations and corporate bodies, individual estate /legacy donations and also specific contributions to support particular programmes or projects.
The board has agreed to a recommendation that the initial 10% of the seed funding for the foundation should be donated by FIDIC with the rest being raised through FIDIC global ecosystem member associations and consultancy engineering firms as part of the 110 years anniversary. This would then be followed by crowdfunding from global infrastructure players plus legacy donations for the second income stream.
A further stream would be generated from recurring funding via a partnering strategy approach where global consulting engineering firms and key infrastructure players would be encouraged to commit to annual contributions as part of their corporate social responsibility strategy.
Make your pledge today!
• Individual pledge:
Email us at foundation@fidic.org with the following information:
o Name
o Amount pledged
• Organisational pledge:
Email us at foundation@fidic.org with the following information:
o Name
o Organisation
o Amount pledged
While the Foundation will disburse funds tied to specific projects or programmes as may be appropriate, it is intended to build the capital in the Foundation to enable it to provide a sustainable level of grants over time.
The aim is to establish and launch the FIDIC Foundation in 2023 during the Global Infrastructure Conference in Singapore as part of the FIDIC 110 years anniversary. FIDIC s CEO will work with the new president to oversee the overall delivery of the foundation programme with the fully constituted FIDIC Foundation expected to be officially formed in 2024.
Why pledge?
Your pledge, whether as an individual or organisation, will directly support diverse talent in pursuing careers in engineering, construction and infrastructure.
By contributing to the FIDIC Foundation, you are making a lasting impact on the future of our industry
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