LEWIN FUND CHALLENGE DRIVE LAUNCHED!
The fundraising campaign for the Ralph A. Lewin Poster Award is now underway, with more than $300 donated by the Executive Committee of PSA and more than $100 sent in by members so far. Paul Gabrielson, Russ Chapman, and Rick McCourt have agreed to match dollar for dollar up to $2,000 any donation to the Lewin endowment during 2013. So we are well on our way towards the goal of $4,000, including the match, but we can use your help.
The Ralph A. Lewin endowment provides funds for the Lewin Poster Award given annually to the best student poster at a PSA meeting. The Lewin award acknowledges the importance of posters in developing student careers and their interest in algal research. Often, a poster is the first significant participation by a young scientist in research and the community of science.
There are several ways you may donate.
1. Checks payable to Phycological Society of America (please write in memo line “Lewin Endowment Challenge”) can be sent to Dr. Tim Nelson, Biology Dept., Seattle Pacific Univ., 3307 3rd Ave. West, Suite 205, Seattle, WA 98119.
2. Online donations can be made following instructions shown below. If you donate online, please send an email to Rick McCourt (firstname.lastname@example.org) letting him know the amount and date of the donation.
The PSA prides itself as an organization that strongly supports its student members with programs such as the Ralph A. Lewin Poster Award. Any amount you donate will doubly support the Lewin Endowment. We thank you in advance for your donation!
Paul W. Gabrielson, Russell L. Chapman, and Richard McCourt
Make a Donation to PSA General Fund
Now you can use PayPal to donate money to the Phycological Society of America. All donations to PSA are tax-deductible.
Or mail a check payable to the Phycological Society of America Endowment:
Dr. Tim Nelson
PSA Endowment Funds Manager
Department of Biology
Seattle Pacific University
3307 3rd Avenue West, Suite 205
Seattle, WA 98119-1950
The Phycological Society of America's Endowment Funds were established by the PSA through donations and fund raising activities that began in 1979 and are a continuing activity of the Society. The Endowment is supervised by the Board of Trustees which recommends particular actions for approval by the Executive Committee of the PSA. The Endowment Funds consist of several accounts which were established for particular scientific, educational, and award purposes. These funds are described in the Bylaws of the PSA (Article XI).
Tax-deductible contributions from members or friends of the PSA may be earmarked for a particular fund. They may be delivered to the Fund Manager. Please make checks payable to the Phycological Society of America Endowment and indicate to which fund(s) (see below) you wish the principal credited. Such contributions insure that the PSA's support of these function will continue in perpetuity as, in most cases, only the annual income is allocated to fund activities or awards. We also welcome suggestions and contributions towards new funds provided they are compatible with the purpose of the Phycological Society of America and fall within its Bylaws and Articles of Incorporation as a non-profit scientific and educational organization. Please contact a member of the Board of Trustees or Executive Committee for further details.
In addition to the PSA Endowment, the Board of Trustees manages two other PSA accounts, the Operating Reserve Fund and the Life Members' Fund, which are part of the PSA Treasury. All three funds are collectively managed through the trust division of a major national bank. The Endowment Funds are dedicated to the scientific, educational and award functions mentioned above. The accounts currently in the Endowment Funds and the activities they support include:
- General Fund
Revenue is primarily from Headquarters activities and general fund raising. Income supports Endowment management fees, Endowment fund raising, and Headquarters Room activities at the annual PSA meeting.
- Publication Fund
Revenue is derived from PSA sponsored publications and royalties (e.g., Handbook of Phycological Methods series). Income supports publication of phycologically important publications other than the Journal of Phycology. When the accumulated principal in this account exceeds a certain level, it is usually distributed to one of the other funds.
- Bold Fund
Honors Prof. Harold C. Bold and supports prize for Best Student Paper at the PSA's annual meeting. Much support for the funding of this prize was generated by activities of Bold's many students and friends.
- Prescott Fund
Honors Prof. Gerald W. Prescott and supports annual or biennial prize for the best monograph or book on algae published in the preceding one or two years.
- Pravasoli Fund
Honors Prof. Luigi Provasoli, first editor of the Journal of Phycology. Supports the Provasoli Award for the best paper appearing in the Journal of Phycology during the previous year.
- Lecture Fund
Originally funded by honoraria contributed by the PSA's National Lecturer Program and supplemented by other funds from the PSA, income from this fund supports symposia and similar activities at the PSA's Annual Meeting.
- Education and Research Fund (Commemorative Fund)
This fund commemorates all phycologists. The principal is funded by unexpended PSA Officer's annual budgets and other contributions. Income supports student research through the Grants-in-Aid of Research program.
- Hoshaw Fund
This fund honors Prof. Robert and Ruth Hoshaw and was established to recognize their many contributions to the PSA. They conceived the idea of a PSA Endowment Fund and worked many years towards its realization. Revenues are currently derived primarily from the Auction held at the Annual Meeting. Income supports the Hoshaw Travel Awards for travel of graduate students to the PSA's Annual Meeting.
- Croasdale Fund
This fund honors Prof. Hannah T. Croasdale. Income from this fund supports the Croasdale Fellowships to assist student participation in field courses on algae at field stations.
- Journal of Phycology Fund
This fund supports publication of the the Journal of Phycology. At present it is the youngest of the endowment funds and is in a growth phase. The initial goal recognized by the Editoral Board and Executive Committee is to assist with publication of color illustrations in the Journal.
- The PSA Operating Reserve Fund and Life Members' Fund
These Funds are a portion of the PSA Treasury and are managed with the Endowment Funds for superior income and growth potential over the long term. At times, funds above that necessary for meeting the Operating Reserve's goal may be used to supplement other Funds.
- PSA Operating Reserve
Provides an operating reserve that would permit the PSA to survive through a final year (i.e., process and publish manuscripts in the Journal of Phycology's editorial pipeline, perhaps have one final annual meeting and shut down the PSA in an orderly fashion) should unforeseen circumstances force the dissolution of the PSA in its present form.