The ABI Endowment Fund was created in 1989 to provide resources for research and education.
Projects eligible for funding include research relating to bankruptcy or insolvency; surveys or other analytical investigation; the education of judges, court personnel, other governmental personnel and the general public; scholarships or other educational grants; and any other projects with a material research or educational benefit to the bankruptcy and insolvency community. Almost $2 million in grants and scholarships have been awarded.
The Endowment Fund is directed by ABI's Vice President - Development Albert Togut
(Togut, Segal & Segal, LLP), with the assistance of a Development Committee. The Fund has grown significantly and now totals over $3.7 million.
ABI has transferred almost $1.5 million in general funds to the Endowment, making it the largest single source of support.
Over 7,000 ABI members have made contributions to the Endowment. Contributors are acknowledged in the ABI Journal, Web site and Membership Directory.
Significant donors are also acknowledged at major ABI meetings. Members who contribute at or above the Benefactor ($5,000 and up) who are attending the Annual Spring Meeting are invited to a special event and other exclusive gatherings during the year.
To make a donation, or for further information on the ABI Endowment, please contact ABI at (703) 739-0800 or send an email to email@example.com.
Tax-deductible gifts may be made at the following levels: Millennium Level ($50,000 and higher), 30th Anniversary Circle ($30,000 to $49,999) Century Council ($25,000 to $29,999), Visionary ($20,000 to $24,999), Legacy ($15,000 to $19,999), Lifetime Member ($10,000 to $14,999), Benefactor ($5,000 to $9,999), Sustaining Member ($2,000 to $4,999) Leadership Club ($1,000 to $1,999) and Donor ($100 to $999). Since 2000, ABI members have also donated over $400,000 to the Endowment via a voluntary addition to their annual membership dues.
By unanimous action of the ABI Management on July 6, 2009, it was renamed in honor of Anthony H.N. Schnelling, ABI Director and past Vice President - Development, who passed away on July 7.