Employee Ownership Foundation
 
 
 

Charting Your Own Future

"We understand that a well managed employee-owned company is not a destination, it is a journey..."

- J. Michael Keeling,
President of The ESOP Association

 
 

Past Projects

2009

  • There are two aspects to the Aspen Institute’s Center for Business Education (“CBE”) program, which is funded jointly by EOF and Foundation for Enterprise Development (“FED”). One is the establishment of over 250 sources on employee ownership, or shared capitalism as it is called by some, on caseplace.org, a web site that is a repertory of sources for business schools and business professors to gather materials for their courses. This part of the work with Aspen’s CBE is in its second year.

    Outcome: In 2009 added was a dissertation contest won by Daphne Berry, University of Massachusetts, Amherst. The winner was honored along with other Aspen CBE dissertation winners on other topics at a breakfast in New York City on November 6th.

  • Again this year the UPenn Symposium was held on May 1, and the cost of approximately $3K was underwritten by EOF. Chair Cabral attended, as did about 25 others. EOF underwrote the attendance of several academics, including two from Kent State University’s Employee Ownership Center, a Rutgers EOF fellow, and the professor from University of Massachusetts at Amherst, who developed an employee ownership curriculum for CasePlace.org, which is funded jointly by FED and EOF. The second UPenn symposium was hosted by the Center for Organizational Dynamics, UPenn on the UPenn campus.

    Outcome: Awareness of employee ownership in the academic community to such a degree that the symposium will be repeated in future years.

  • While in fiscal/calendar year 2009 EOF granted $25K for two fellowships, in fact for the academic cycle of the program, EOF funded four fellowships, as $20K was funded in 2008, and the $45K resulted in Rutgers faculty leaders of the program to say EOF funded four fellowships in this cycle. FED funded the bulk of the fellowships, and their fellowships are called the Beyster Fellowships. Last cycle FED funded fellowships up to $150 K.
    Consensus by the Trustees was reached to have monies go towards a new fellowship -category, the Kelso Fellowship. Dr. Kelso’s widow, Patricia Hetter, who co-authored his major work on binary economics, endorsed the idea of one fellowship at Rutgers being labeled a “Kelso” Fellowship.

    Outcome: Four fellowships in the amount of $45K were funded. A new Kelso Fellowship will be funded in 2010.

  • The Foundation continued granting Edmunson Scholarships — 12 in 2009 — to average pay employees for their attendance at the Foundation’s Employee Ownership Retreats, held three to four times a year with a faculty from the Ohio Employee Ownership Center of Kent State University. The Foundation has awarded 94 ($1000 and $1250) Charles Edmunson Scholarships to ESOP companies to send average pay employee-owners to employee owner educational programs, such as the Employee Owner Retreat, or The ESOP Association’s Annual Conference. (The Scholarships honor the late Charles R. Edmunson, an Association leader and stalwart voice for ownership education for all employees, not just top executives.)

    Outcome: The Foundation’s files are full of testimonials of how the Edmunson Scholarship winners have had their employees become more committed, more knowledgeable, and more “thinking of ownership after their experience at programs dedicated to making ownership real for average pay employees.

  • The Foundation paid for the reproduction of 1000 videos extolling the power of employee ownership, particularly through ESOPs, that was produced by LaSalle National Bank, Chicago, Illinois. This award-winning video featured many of the honored leaders of The ESOP Association.

    Outcome: Within three years, all 1,000 videos were sent free by the Foundation to ESOP companies wanting to educate their employees about the power and meaning of employee ownership through an ESOP or to professionals who showed the video to potential leaders of newly formed ESOP companies.


View Projects 2012 |2011 |
2009 | 2008 | 2007-2004

 
 

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