At the start of the third quarter century the Belgian American Educational Foundation acquired a genuine binational governance , as its name implies. The new constitution was the impetus for a new era of tremendous growth in scope and reach for the Foundation. The second important departure from the previous quarter century was the restoration of the financial health of the Foundation after the reorganization of Expenses exceeded income throughout the second quarter century, as shown in Figure 2.
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At the time of the controversial gift to the Hoover Birthplace Foundation, B. In order to avoid extinction of the fellowship programs and of the organization itself in the years ahead, draconian measures would be needed. On June 30, , Mr. Clare Torrey resigned and Mr.
Fraikin, a B. In an attempt to balance the budget, a large fraction of the capital of B. In addition, Mr. On March 14, , the Board of Directors decided to formally open a branch office of the B. Through the personal efforts of Mr. Fraikin the campaign was a splendid success. Pursuant to gift pledges obtained for three or five years, B. Concurrently, a vigorous program of fellowships was maintained. On January 26, , Mr.
Emile L. Boulpaep , Belgian B. Fellow , and a Professor at Yale University. On that date, the office of Chairman of the Board was re-instated and Mr. Gaston Deurinck held that position from to , at which time Emile L. Boulpaep became also Chairman of the Board.
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Under the stewardship of Prof. Boulpaep, several measures were taken that would lead to the evolution of the last twenty years as shown in Figures 1 and 2. Over the third quarter century of the Foundation, management and fundraising expenses that were The growth of assets and income of the last two decades was achieved, firstly, by eliminating staff positions and by reducing rental expenses.
The New York office of B. The Foundation does not keep any full-time employees anymore. Investment management, accounting, auditing, and some program management services are all delivered on a fee-for-service basis. Secondly, mindful of the example set by Herbert Hoover and his associates of the C. Thirdly, intensive fundraising was initiated among Alumni and corporations on an annual basis. Fourth, a system of eponymous fellowships was designed for individuals, organizations or foundations to subscribe to a Graduate or Postdoctoral B.
Fellowship, carrying their name.
The Belgian American Educational Foundation (1920)
The funding modes for these eponymous B. Fifth, a system of Patron Companies was inaugurated with the assistance of Count Charles Ullens to alert a group of Companies of the outstanding services provided by the Foundation in the training of future business leaders. Patron Companies have committed to make a gift to the Foundation to provide a new B. Fellowship, each time the Patron Company recruits a B. Fellow upon return from the U. Thomas A.
As financial health of the Foundation was achieved, there was also a substantial growth of the fellowship programs. The provisions of the fellowships were made more generous. Since , the stipend for Belgian B. The funding of B. The B. Sources of support for eponymous fellowships in was secured from:. Collen Research Foundation, vzw, granted as supplements to B. Funding for the Belgian Graduate Fellows , outside the eponymous fellowships, is derived largely from gifts by Alumni, private, public and corporate sources.
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In , the B. Because these Fellows are not candidates for a degree, the fellowship does not cover any tuition expenses. In particular the fellowships jointly awarded with the D. Collen Research Foundation, vzw are restricted to postdoctoral fellows in biomedical and biotechnology research. In , the Board of Directors of B. For this purpose, Belgian Universities were invited to nominate professors, scientists or scholars as Senior B.
The initiative is intended as an incentive for U. These Senior B. Visiting Scholar. The Senior Fellows are in addition to the regular American Graduate Fellows that were increased from 6 fellowships in to 10 in Firstly, in the matter of governance, the benevolent work of Officers, Members and Alumni has served the Foundation splendidly.
Secondly, in the area of financial management, a lean administration, innovative fundraising and prudent investment have acted in concert to provide generously for the present needs and to endow for the future. Thirdly, in terms of programs, constant adaptation to change through new awards, upgrading of existing awards, and striving for excellence have produced a genuine intellectual elite of Alumni.
Outside the fellowship programs addressed to individuals, the Belgian American Educational Foundation B. Funding for the Special Programs is entirely derived from outside sources. In April the Board approved that B. In the Foundation assisted in the Belgian fundraising campaign for the Centennial Celebration of Dwight Eisenhower and during During the B. During the years , B. During , B. In , B. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website.
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History of the BAEF. The Commission for Relief in Belgium C. The Belgian American Educational Foundation The Third Quarter Century : growth of a bi-national Foundation. London, August 24, Standing from left to right: H. Foster Bain, Roland F. Hill, Herbert Owen, G.
Gay, W. Cozens, J. Nash, L. Belrose, Ben S. Allen, R. Jones, L. Seated from left to right: E. Sengier, Millard K. Shaler, Edgar Rickard, W. Honnold, Herbert Hoover, J. Beaver White, W. Poland, Hugh S. Gibson In Rotterdam, the cargo was unloaded, warehoused, repackaged and sent by rail and canal to Belgium.
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The Directors of the Commission for Relief in Belgium, pursuant to aim a authorized the payment of 95 million francs to the four Universities and two technical schools, and pursuant to aim b took legal action to organize the trust that would manage the endowment funds of a single Foundation in Belgium and the United States. Following an exchange of letters and cables between Mr. The First Quarter Century The visit to the U. From left to right: J. Cox, H. Blancquaert, J. Duesberg The Foundation lost no time in giving scholars and scientists the opportunity to become acquainted or re-acquainted with members of their profession in the US.
See also: List of protected heritage sites in Seraing. Main article: List of twin towns and sister cities in Belgium. Places adjacent to Seraing. Hidden categories: Articles needing additional references from April All articles needing additional references Articles with short description Short description is different from Wikidata Coordinates on Wikidata Articles containing Walloon-language text Commons category link from Wikidata Articles with French-language sources fr. Namespaces Article Talk. Views Read Edit View history.
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See also: List of protected heritage sites in Seraing. Main article: List of twin towns and sister cities in Belgium.