Annual Report 2008

New York Building Foundation

The New York Building Foundation was formed in 1998 to promote the long- term growth and well being of the New York City building industry and the wider community through an active program of research, educational and philanthropic activities. The Foundation provides a tax-exempt vehicle to attract voluntary contributions and research grants on behalf of a targeted program.

The Foundation's research agenda seeks to serve the industry and contribute to public debate on issues concerning design and construction, as well as the City's economic future. Specific objectives include greater understanding of the City's construction outlook, escalating construction costs, infrastructure needs, and economic impact.

With respect to education, the Building Foundation supports the development of the next generation of industry leaders through such organizations as the Urban Assembly School of Design and Construction, the Salvadori Center, Nontraditional Employment for Women, the ACE Mentor Program and others. This goal is pursued
through professional fellowships and student internships together with one or more annual scholarships to qualified programs.

A major objective of the Building Foundation is to marshal the diverse talents and energies of local firms and trade unions toward projects that give back to the community. This work has been advanced most energetically through the World Trade Center Memorial Fund established after September 11, 2001 to assist the families of member firms and industry organizations.

The Building Foundation depends on the support of firms and individuals committed to leveraging the building industry's talents and vast resources for the benefit of all New Yorkers. Every effort is made to attract widespread participation in Foundation activities and to publicize the voluntary contributions of the industry to the City of New York.