Jetrader - November/December 2008 - 25

ISTAT
foundation

Stephen Rimmer,
Chairman
ISTAT Foundation

With summer behind us, the Foundation committees are hard at work finalizing the awards
to be allocated among the Scholarship and Grants Programs. While the scholarship awards still
have some way to go before being finalized, the grants awards were signed off in late September.
Progress is good on all programs, and with the benefit of the generous giving earlier this year
surrounding the ISTAT 25th Annual Conference we are able to again offer significant financial
support to those in need and who have a career in aviation in mind.
Your Foundation Trustee Board met in Chicago in September devoting time to strategize the
future of the existing programs and discuss potential new programs. With the assistance of inhouse specialists SmithBucklin, we were able to refine our thoughts, and we are well positioned
to make definitive proposals to the Foundation Board meeting scheduled to take place in New
York in October.
The main areas of discussion have centered on:
* Scholarships - continue the excellent work of allocating scholarships to those in need but
also continue to look at expanding scholarships in the post-graduate field
* Grants - research more potential aviation educational programs that could benefit from
grant awards. Also consider whether grant award recipients could come from the humanitarian
sector (while still having an aviation angle).
* Internship - consideration is being given to making the Internship Program an "extension"
of the scholarship program.
* Humanitarian - identifying and potentially building a program that our membership can
identify as our own and uses the resources of our member companies, as well as the cash
donations received into the Foundation. We are also reviewing the possibility of cooperating
with other aviation-based foundations that have existing programs where ISTAT members
could add value.
A theme that echoes a significant trend of our industry in recent years has been discussed
extensively and is gaining momentum, and that relates to vertical integration. The Foundation
Trustees are considering whether significant benefits will be realized by the membership if the
Scholarship, Grant and Internship Programs are integrated so that we all (including the award
winners) benefit from the continuity of support via the various programs in producing wellrounded individuals who will be attractive hires for our membership.
A common thread to all our considerations is to strengthen the international nature of all
our programs.
The October ISTAT Board Meeting (yet to happen as of this writing) promises to be a lively
and exciting venue for the exchange of views and with the clear objective of coming to definitive
conclusions on these matters.
I am sorry that this year I was unable to attend the 15th European Conference and therefore
was not as accessible to hear any observations and ideas that you may have in terms of the
direction of the Foundation. But, I remain available to talk via telephone or e-mail, and I would
be happy to receive any input you may have.

Jetrader 25



Jetrader - November/December 2008

Table of Contents for the Digital Edition of Jetrader - November/December 2008

Jertrader - November/December 2008
A Message from the President
Contents
Calendar/News
Q%2BA: Richard Anderson
Building a Strong Foundation
Post Prague
Aircraft Appraisals
From the ISTAT Foundation
Aviation History
Jetrader - November/December 2008 - Jertrader - November/December 2008
Jetrader - November/December 2008 - Cover2
Jetrader - November/December 2008 - A Message from the President
Jetrader - November/December 2008 - 4
Jetrader - November/December 2008 - Contents
Jetrader - November/December 2008 - 6
Jetrader - November/December 2008 - Calendar/News
Jetrader - November/December 2008 - Q%2BA: Richard Anderson
Jetrader - November/December 2008 - 9
Jetrader - November/December 2008 - Building a Strong Foundation
Jetrader - November/December 2008 - 11
Jetrader - November/December 2008 - 12
Jetrader - November/December 2008 - 13
Jetrader - November/December 2008 - 14
Jetrader - November/December 2008 - 15
Jetrader - November/December 2008 - Post Prague
Jetrader - November/December 2008 - 17
Jetrader - November/December 2008 - 18
Jetrader - November/December 2008 - 19
Jetrader - November/December 2008 - 20
Jetrader - November/December 2008 - 21
Jetrader - November/December 2008 - 22
Jetrader - November/December 2008 - Aircraft Appraisals
Jetrader - November/December 2008 - 24
Jetrader - November/December 2008 - From the ISTAT Foundation
Jetrader - November/December 2008 - Aviation History
Jetrader - November/December 2008 - 27
Jetrader - November/December 2008 - 28
Jetrader - November/December 2008 - 29
Jetrader - November/December 2008 - 30
Jetrader - November/December 2008 - Cover3
Jetrader - November/December 2008 - Cover4
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