The Anthony H.N. Schnelling Endowment Fund:
A History of Growth and Commitment
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. Nearly $1 Million in grants and scholarships have been awarded.
The Endowment Fund is directed by ABI's Vice President - Development Patricia A. Redmond (Stearns, Weaver, Miller, Weissler, Alhadeff & Sitterson PA, Miami), with the assistance of a Development Committee. The Fund has grown significantly and now totals $2.4 million. Dedicated to never depleting the principal, the Fund only expends interest on program activities. ABI has transferred over $720,000 in general funds to the Endowment, making it the largest single source of support.
Over 5,600 ABI members have made contributions to the Endowment. Contributors are acknowledged in the ABI Journal, Web site and Membership Directory. In 2008, the Bayard Firm made the largest single gift ever ($50,000) in conjunction with their 50th Anniversary.
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.
To make a donation, or for further information on the ABI Endowment, please contact ABI at (703) 739-0800 or send an email to endowment@abiworld.org.
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Tax-deductible gifts may be made at the following levels: Century Council (gifts of $25,000 and higher), Lifetime Member ($10,000 to $24,999), Benefactor ($5,000 to $9,999), Sustaining Member ($2,000 to $4,999) and Donor ($100 to $1,999). Over 5,400 ABI members have also made contributions via a voluntary $45 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.