FIDIC Foundation At a meeting in March 2023, the FIDIC board agreed a proposal to establish a new FIDIC Foundation with the primary objective to help attract those from diverse backgrounds and socio-economic groups to pursue a career in engineering by providing financial assistance, thus supporting the need to create a new pipeline of talent for the industry. The objective of the foundation is to raise funds and disburse the money raised to support organisations, member associations, individuals and professionals to achieve FIDIC’s public good objects. These are objects 5, 6, 7, 8 and 9 as listed in the FIDIC statutes. FIDIC sees its 110th anniversary celebrations as the ideal time to launch such an initiative that will enable the organisation and the wider industry to ‘put something back’ and make a difference to those in need of support as they embark on a career in the engineering, construction and infrastructure sector. The new Foundation, a charitable organisation operating in accordance with Swiss law for the purposes of taxation and the disbursement of funds, would be governed and managed by independently appointed board members, led by a chair/president, executive director and up to five non-executive directors, carefully selected across FIDIC’s operating regions.
It is envisaged that the FIDIC Foundation would be funded in three stages and be made up of annual contributions from consulting engineering, construction and infrastructure organisations, contributions from international financial institutions, philanthropic organisations and corporate bodies, individual estate /legacy donations and also specific contributions to support particular programmes or projects.