IRF's foundation celebrates anniversary

The International Road Federation has special cause to celebrate during 2011. This year marks the 20th anniversary for the International Road Educational Foundation’s (IREF) Future Fund. This endowment-style funding mechanism has been supported by IRF member organisations and individuals to ensure the long-term stability of the IRF Fellowship Programme. It also helps with the organisation's commitment to future generations of global transportation industry leaders.
May 16, 2012 Read time: 2 mins
RSSThe 2015 International Road Federation has special cause to celebrate during 2011. This year marks the 20th anniversary for the International Road Educational Foundation’s (IREF) Future Fund. This endowment-style funding mechanism has been supported by IRF member organisations and individuals to ensure the long-term stability of the IRF Fellowship Programme. It also helps with the organisation's commitment to future generations of global transportation industry leaders.

In 1991, the IREF board of directors established a goal of raising US$4 million for the endowment. By the end of 2007, $2.5 million had been raised. As of December 31st, 2010, as a result of rising programme costs and a decline in investment dividends, the endowment's value has dropped to $1.83 million.

In order for IREF to continue offering the educational support, experiences, and network that it has provided to more than 1,250 students from around the world, additional financial resources are needed. With a few donations, the IREF will have the resources in place to make an even bigger impact on the road industry and its next generation of leaders. The IREF is calling for the support of its members and industry to help raise $1 million by December 31st 2011, with a view to providing future funding for key programmes.

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