Idaho Society of
Professional Engineers Foundation, Inc.
The Idaho Society of Professional Engineers Foundation (ISPE Foundation) is a
non-profit corporation under Title 30, Chapter 3, of the Idaho Code, and a
non-profit tax-exempt organization under Section 501 (c) (3) of the Internal
Revenue Code. It is affiliated with the Idaho Society of Professional Engineers
(ISPE). All current members of the ISPE are also members of the foundation.
The ISPE Foundation has the following objectives:
(a) To create, promote, maintain and conduct a benevolent
foundation for the advancement of educational, charitable and scientific
purposes that fill human needs, primarily but not exclusively those of education
of youth
(b) To raise, maintain, and administer funds for the purpose
of financing the Idaho Society of Professional Engineers state and chapter
MATHCOUNTS programs
It was created as a separate entity from the ISPE with the tax-exempt status so
that donors wishing to support the above objectives could deduct their donations
from their income taxes. It is strongly recommended that ISPE chapters advise
their donors to make their donations out to the ISPE Foundation rather than to
ISPE, so that their donations are tax-deductible. Because of the
foundation’s tax-exempt status, it is prohibited from taking part in any
activities whose purpose is influencing legislation or electing candidates.
The foundation maintains separate accounts for the state and four chapter
organizations of the ISPE. Donations designated for a particular organization
will be added to the associated account.
The foundation disburses funds at the request of the ISPE chapter and state
organizations. Requests meeting the above objectives are to be sent to the ISPE
state office with documentation explaining for what the funds were or will be
used. Requests are considered, and disbursements approved by the officers of the
foundation’s board of directors.
ISPE Foundation Board of Directors:
Steve Walker - President
Lynn Olson - Vice President
Joe Canning – Secretary / Treasurer
Jay Hassell – Member
Ron Luedeman – Member
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