figlogo.gif (1705 bytes)   FIG 22nd General Assembly
  31 May and 4 June 1999
  Sun City, South Africa

Appendix to item 27: Report from the President of the Education Foundation


Contributions to the FIG Education Foundation during fiscal year 1999 (ending 28 February) were $16,274.74. Total current assets held by the Foundation as of 28 February, 1999, were $27,790,55.

Sixty-one people registering for the Working Week in Sun City, South Africa (31 May - 4 June, 1999) each contributed R200 (200 South African Rand) to the Foundation through check-off on their registrations for a total of R12,200 (approximately $2000 - not included in the 28/2/99 balance). For future Congresses and Working Weeks registrants will be invited to contribute to the Foundation by voluntary mark-off on their registration forms the equivalent of either $25 or $50.

The directors of the Foundation met during the Working Week at Sun City. Elected as president of the Foundation for the coming four years was Prof. Holger Magel, incoming vice president of the American Bureau and future president of FIG during the term of the German Bureau from 2004 through 2007.

The directors have established as policy to begin making distributions from Foundations funds when the principle balance reaches the $100,000 level, after which annual earnings on the principle will be distributed according to the stated purposes of the Foundation which are:

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