The AIChE Foundation's 2003 Annual Campaign is raising funds for the specific purpose of supporting an effort to sublease 75 percent of the Institute's New York office space. Subleasing the space is a direct result of member input.
When AIChE President Dianne Dorland asked members for their suggestions for working through the Institute's financial challenges this year, she received over 5,000 responses from AIChE members. While the responses varied, many people suggested moving to another office space or relocating from New York.
After considerable negotiations, the Institute has received an offer to sublet three-guarters of its space. Because of the soft real estate market, any successful transaction of this nature would require significant up-front.
So important is this effort, that a number of AIChE's corporate partners have stepped forward with financial gifts and interest-free loans to facilitate this sublease. While this support is critical, it is not enough to close the deal. That is why the AIChE Foundation Board of Trustees is asking that every member make a contribution of $100 or more to this effort. By helping to make this real estate transaction possible, AIChE members will play an important role in shaping the Institute's future.
All contributions to the AIChE Foundation are tax-deductible. Please send your contribution to: AIChE Foundation, 3 Park Avenue, NY, NY 10016-5991.
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