2019 ANNUAL REPORT
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AGC EDUCATION AND RESEARCH FOUNDATION MISSION STATEMENT The AGC Education and Research Foundation shall advance and support education in the construction industry and support or contribute to scientific or research projects and programs deemed to be beneficial to the advancement of technological, educational, or vocational expertise in the industry.
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AGC EDUCATION AND RESEARCH FOUNDATION 2019 BOARD OF DIRECTORS PRESIDENT
Maryanne Guido
Larry C. Gaskins
Texas
Florida
Eric Wilson
David B. Hanson
Lee Kearney
Colorado
Utah
Washington
Jake Jorgenson
John F. Kelley, III
Wisconsin
Maine
VICE PRESIDENT
Robert C. Lanham Harry L. Mashburn
Texas
South Carolina
Francis W. Madigan III Massachusetts
TREASURER
Barry Paceley Arizona
B. Scott Holloway
Shannon Sapp
Pennsylvania
Tennessee
Lester C. Snyder III SECRETARY
Pennsylvania
Leonard P. Toenjes Monique V. Ford
Missouri
Francis W. Madigan, Jr. Massachusetts
J. David Pepper Illinois
Richard S. Pepper Illinois
James D. Pitcock Texas
James Pizzagalli Vermont
Kenneth F. Robson Oklahoma
Stephen C. VanderBloemen
Peter K.W. Wert
Wisconsin
Oklahoma
EMERITUS ADVISORS
Washington
Georgia
Russell F. Agosta
Texas
Robert L. Bowen
Michigan
Indiana
Thomas J. Burleson
Richard Burt
Tennessee
Alabama
Terry Deeny
Virginia
BOARD OF DIRECTORS Philip E. Beck
Caroline M. Clevenger Colorado
Dan K. Fordice III Mississippi
Martin J. Garza Texas
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Washington
Paul W. Diederich North Dakota
Robert B. Fay, Sr. Pennsylvania
IN MEMORIAM
Frank N. Young, Jr. H. Bartell Zachry, Jr. In memory of past AGC Education and Research Foundation President David Pepper, who died on December 28, 2019. Dave had an infectious laugh and made everyone he worked with feel comfortable and welcomed. His leadership, kindness, and generosity will be missed.
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2019: Total Income
2019 FINANCIAL PERFORMANCE The AGC Education & Research Foundation has continued its growth, ending the year with just under $11.5 million in net assets. The Foundation’s positive investment performance was a direct reflection of the outstanding overall market returns in 2019. Total contribution revenue was over $900,000 in 2019. The Foundation awarded scholarships of over $550,000 in 2019.
13%
9.4% 46%
4.6%
Unrestricted General Permanently Restricted Temporarily Restricted
27%
Contributions Investment Income
Total Revenue: $1,463,042 Total Expenses: $1,083,759
2019: Total Expenses
17.6%
20.7%
61.7%
Management & General Fundraising Expenses Scholarships & Awards
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A LOOK BACK AT THE LAST YEAR OF THE DECADE Since 1968 the foundation has celebrated the achievement of the construction industry and highlighted the stories of construction management students throughout the country. As we wrapped up the last year of another decade, we couldn’t be prouder of the continued success of our university partners, students, faculty members and donors. Three of the successful programs we celebrate did not exist at the beginning of this decade. So while we continue to award scholarships, at a level we could not have predicted in the year 2010, we also financially support students who are entering the construction industry as craft and technical workers; support teaching faculty in the field of construction; and develop case studies to further advance our industry. 2019 was a very busy and productive year for us as well as our industry partners.
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A LOOK BACK AT 2019
Board member Marty Garza presented the foundation’s work at the American Council for Construction Education (ACCE) mid-year meeting. Marty Garza
Workforce Development Scholarship recipient Cedric Hickman was interviewed for AGC Constructor podcast where he told listeners how much it meant to him to receive the AGC Education and Research Foundation scholarship. He also spoke at the annual foundation gala and encouraged guests to send a message that AGC cares about craft and technical workers by making a contribution to the foundation.
Cedric Hickman
During the AGC National convention in Denver the foundation celebrated our donors at a special reception. The reception gives donors and scholarship recipients time to meet, network and talk about our industry.
Scholarship recipient Owen Haake began interning at AGC member company JE Dunn in Kansas City, MO. We posted a photo on social media and asked our followers what advice they had for interns on their first day. Owen Haake
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2019
Daria Neri & Dan Fordice
Scholarship recipient Daria Neri addresses the crowd at the AGC Construction Leadership Council Leadership Development conference in Philly. The conference brings together emerging construction leaders from across the country in various construction sectors to network, learn and share.
The foundation joined long-time partner NCCER at the Association for Career & Technical Education conference. The conference brought together educators, industry representatives and business leaders to highlight and celebrate career and technical education.
AGC Education and Research Foundation Board member, B. Scott Holloway was honored with the AGC Past President’s Lifetime Achievement Award. We are so proud to have Scott serve as Treasurer of our Board of Directors. Mark Knight, Scott Holloway & Eddie Stewart
The Consulting Constructors’ Council (CCC) gala to benefit the AGC Education and Research Foundation, held in April at the fabulous Seawell ballroom in Denver, was a great success and a fun evening for all. Guests of the event raised $352,000 for the foundation which awards scholarships to deserving student across the country. 7
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A LOOK BACK AT 2019
The AGC Education and Research Foundation presented Charles Cook with the Outstanding Educator award and later in the year he teamed up with foundation Board Member, Tommy Burleson to present at AGC’s Leadership in Construction Workshop. Charlie Cook & Tommy Burleson
During this year’s convention in Denver, Board Member Phil Beck introduced our James L. Allhands Essay winner, Joseph Franklin, to long-time foundation supporters Sam Hunter, Chief Executive Officer and Chairman of T.A. Loving. Sam, who with his wife, Ann, also has an endowed fund through the foundation, offered Joseph a job in North Carolina working for his company, T.A. Loving.
Joseph Franklin
The AGC Education and Research Foundation awarded 150 undergraduate and graduate scholarships totaling $528,375 in 2019. Jeffrey Ciceron
Twenty-three craft and technical students were awarded Workforce Development scholarships by the AGC Education and Research Foundation in 2019. Ivan Mekhael
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agcfoundation.org
2019 Our industry residencies bring together AGC member companies and faculty members to provide a collaborative summer experience for a professor. Eight residencies were sponsored in 2019 including that of Julia Katherine Day of Washington State University.
Julia Katherine Day & Team
“During the industry residency, I exponentially expanded my knowledge of both industry and Mechanical, electrical and plumbing systems to bring into the classroom. This experience led to lasting relationships as well as a research grant, which has allowed me to hire several undergraduate students to help develop and implement a tenant engagement program for the building to ensure net-zero energy use.” JULIA KATHERINE DAY, WASHINGTON STATE UNIVERSITY
Written by teams of faculty members and AGC contractors, the foundation’s industry case studies are based on actual experience and provide students with the opportunity to work through issues in a classroom setting. The coordination among teams and the foundation allows us to provide case studies to professors all over the world free of charge. Seven studies are available online and eight more are in development, including two on safety issues, one of which was generously funded by the American Contractors Insurance Group (ACIG).
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A LOOK BACK AT 2019
KLINGER OUTSTANDING SENIOR DEVIN GAUDETTE
William A. Klinger was our first Board president and helped organize Iowa State University’s Construction Engineering curriculum. In 2019 we recognized Devin Gaudette in celebration of his award as Klinger Outstanding Senior. Devin has been awarded the Iowa State University Academic Recognition Award, AGC Education and Research Scholarship, Scott Kinkade Memorial Scholarship, MBI Ken Lewis Scholarship, Steve Maloney Memorial Scholarship, NECA Scholarship, and the APAI Fred Carlson Company, Inc. Scholarship.
Devin Gaudette
As a member of the AGC student chapter, Devin participated in three trips over spring and Thanksgiving breaks, as well as working on building ramps around Ames and demolishing a bridge. During the break trips, AGC usually travels to an area stricken by storm damage and helps the community rebuild. The summer after freshman year, Devin landed the first of two internships with the Ryan Companies. From May to December of 2016, he completed a co-op with them as well. Because most of his experience with the Ryan Companies involved work in an office, he sought field experience during an internship at Story Construction, for whom he worked on job sites. After graduation he will take a full-time position with the Ryan Companies in Des Moines and fulfill his desire to see the physical progress of his work.
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AGC EDUCATION AND RESEARCH FOUNDATION FAMILY OF FUNDS
ENDOWED FUNDS AGC Build America AGC of Missouri AGC of North Dakota AGC Partnering AGC Specialty Contractors Council & Service & Supply Council Alabama AGC James L. Allhands Memorial Alliant G. Von Anderson Memorial AON/Wisconsin AGC Steve Engelke Memorial Arizona Chapter AGC B.B. & Betty Ellen Armstrong Douglas & Nancy Barnhart CM Barton Malow Company Ben C. Maibach Jr. Barton Malow Green Collaboration L. Bradford Barringer Honorary (Carolinas AGC) Catherine Boh Memorial Henry Boh Memorial Rick Brown Memorial Burleson Family G. E. Byrne Memorial Carolinas AGC Legacy Fund (Tommy D. Caldwell, Dixon Hughes Goodman LLP, Stephen P. Gennett, William B. Gilliam) Billy R. Carter Memorial Central Illinois Builders – Richard “Jake” Jakowsky Larry & Beatrice Ching Memorial Cianbro Corporation Ival R. Cianchette CompTrust AGC MCIC of Georgia Robert Conley Construction Accident Victims Construction Leadership Council CONSTRUCTOR Consulting Constructors Council (CCC) Carolyn Cooney Memorial Ralph E. Dailey Memorial
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Tom & Jan Dailey David & Ruth Dando Terry & Darlene Deeny Robert & Rita Desjardins The Diederich Family Warren & Irene Diederich Robert & D’Arcy Elsperman Owen Emme Carl W. Erickson Memorial Robert B. Evans Memorial Byron & Janice Farrell Robert B. & Celine Fay Flood and Peterson Humphrey Folk J. T. Folk, Jr. Memorial Governor Kirk Fordice Memorial Larry & Maggie Gaskins General Building Contractors Association (GBCA) Stephen P. Gennett Honorary (Carolinas AGC) Thomas Giardini Pete & Wanda Gilvin Memorial GLY Construction Griffith Company – James D. & Lynne S. Waltze Richard & Elizabeth Hall Hanson-Roscoe Heffner Graduate William E. Herzog Caswell F. Holloway, Jr. and Marie B. Holloway Karen & Scott Holloway Saul Horowitz, Jr. Memorial Graduate Howard R. Hunt Memorial Sam & Ann Hunter The Jackson Family Irving F. Jensen Memorial Richard “Jake” Jakowsky Ralph W. & Marilyn A. Johnson Connie & Lee Kearney Connie & Lee Kearney II Jack & Maggie Kelley W.A. Klinger Memorial Kokosing Construction Company William L. Kressenberg Memorial Central Illinois Builders- William M. Kuhne
John R. Lamberson Al & Gracie Landes The Lanham Family Richard D. Lawrence Memorial Lynn E. LeGault Memorial (Wisconsin AGC) Vernie & Flora Lindstrom Louisiana Contractors Educational Trust Fund Hoyt G. Lowder/FMI Corporation Bud & Mary Madigan MarCon, Inc. of Idaho Steve L. & Pamela C. Massie Fred & Elaine Mast Mary Jane and James D. McClary Robert B. McEachern Memorial William S. & Shirley C. McIntyre J. Howard & Judy Mock Barry & Joan Paceley PC Construction Company Richard & Roxelyn Pepper Stanley F. Pepper Memorial O. L. Pfaffmann Doug & Puddie Pitcock James D. Pitcock, Jr. Judith & James Pizzagalli Harold Pritchett Becky & Doug Pruitt Holt Rast Memorial William H. Ratz Memorial Paul B. Richards Memorial Frank Schneller Memorial Robert D. Siess Memorial Smith, Currie & Hancock Graduate Lester C. Snyder III and Denise Snyder Tom F. & Mary Kay Steele Paul & Adrienne Stella Sundt Construction Tennessee AGC Textura Grant Thornton, CM Turner Construction Company VJS Construction Andrew Blair Walton Memorial Norman J. Walton, Sr. Memorial agcfoundation.org
AGC of Washington Charles T. Weaver The Weitz Company Pete & Lynette Wert Gerald Williams Memorial (Western Kentucky AGC) Willis Towers Watson Diversity Andrea & Eric Wilson AGC of Wisconsin Municipal Utilities Industry Advancement Program Frank N. Young Memorial Frank & Susan Young Zachry Construction Corp.
SPONSORED SCHOLARSHIP FUNDS Bartlett Cocke GC Board of Certified Safety Professionals Haskell Lemon Construction Company Hensel Phelps Mashburn Construction
WORKFORCE DEVELOPMENT SCHOLARSHIP FUNDS Stanley M. Herzog Marek Brothers NCCER Build Your Future Travelers Foundation
RESEARCH FUNDS Bowen Industry Residency Fund Klinger Research Fund/Industry Case Study Fund
SPECIAL USE FUNDS Keene State College Construction Safety Science Degree Program
The AGCERF thanks Procore for its generous donation of the design for this report.
AGC EDUCATION AND RESEARCH FOUNDATION 2300 Wilson Blvd. Suite 300 Arlington, VA 22201 agcfoundation.org Melinda Patrician, Executive Director patricianm@agc.org; 703-837-5342 Courtney Bishop, Associate Director courtney.bishop@agc.org; 703-837-5356