Grants-in-Aid, Subscription Get Boost

A new Named Grant for the AAPG Grants-in-Aid program has been established through a donation from Foundation Trustee Associate Michael S. Johnson.

The Michael S. Johnson Named Grant will be awarded beginning in 2011 to an Ohio State University graduate student.

The Named Grants-in-Aid Program was initiated in the 1970s when friends of the late Hugh Miser established a memorial fund in the Foundation to award an annual grant. A one-time gift of $12,500 will endow an annual grant of approximately $500 (depending on the rate of return from investment of the endowment).

Every $5,000 added to the endowment will increase the annual grant by about $200, up to the maximum of $3,000 per grant.

Financial support of the Grants-in-Aid program is becoming increasingly important today as many more qualified students are applying for the limited funds.

Calvin College recently became the newest beneficiary of an AAPG Digital Products Library Subscription through the AAPG Foundation by a generous gift from Trustee Associate Bruce Dice.

Dice’s $12,500 one-time gift through the Foundation’s endowment program will provide Calvin College students and faculty access in perpetuity to AAPG’s digital library of over 850,000 pages of national, international and regional libraries of petroleum, geology and geophysics information.

In the past five years more than 60 colleges and universities have become recipients of the Foundation’s Digital Products University Subscription Program, which continues to grow in popularity.

For additional details of these and other Foundation programs, visit foundation.aapg.org, or donate online at foundation.aapg.org/donate.cfm.

Contributions to the AAPG Foundation are tax-deductible for those subject to U.S. income tax.

The Foundation Trustee Associates have announced a new member. He is Kevin T. Biddle, Houston.

His joining boosts the Trustee Associates’ membership total to 276 – an all-time high.

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Foundation Update

Rebecca Griffin worked as the AAPG Foundation manager until October 2010.

Foundation Update is a regular column in the EXPLORER offering news about the AAPG Foundation’s latest activities. For more information about the AAPG Foundation, visit the Foundation website, email, or call (918) 560-2644.

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