Advance engineering for the benefit of humanity.
The American Society of Mechanical Engineers directs large mission-driven support back into its own New York program entity, with two recent grants of $2,378,050 in 2023 and $1,286,500 in 2024 to The Asme Foundation Inc. That pattern matches a funder built around engineering education, standards, workforce development, and public service rather than individuals. Its active portfolio includes scholarships for mechanical engineering students, fellowships for early-career engineers, support for engineering education from K-12 through higher education, and programs tied to codes and standards, public policy, and global development. The organization’s giving is tied to engineering practice and professional formation across the pipeline, from student support to fellowships and field-facing innovation programs. In the scholarship area, it runs multiple offerings for undergraduate, graduate, community college, and high school students. It also funds fellowships that place engineers in government or sustainable-development settings, and it supports engineering-related initiatives that connect professional learning with applied impact. The most visible recent grant recipients are internal ASME entities, which shows that the foundation’s grantmaking often reinforces its own programs and affiliated activities.
A core theme is student support in mechanical engineering. The ASME Engineering Scholarships portfolio supports undergraduate, graduate, community college, and high school students pursuing mechanical engineering or mechanical engineering technology, and the foundation also backs scholarships for students who need financial assistance to enter the ME/MET workforce. Another theme is professional development for engineers. The Engineering for Change Fellowship brings early-career engineers into sustainable development Impact Projects, combining workforce training with project-based experience. A third area is public policy and government engagement. The ASME Federal Government Fellowship Program places selected ASME members in roles that provide engineering and technical advice to Congress, the White House, and federal agencies. The foundation also supports global development through the ASME ISHOW innovation program, which provides engineering advice and prizes for social impact ventures.
$1.9M
$227.9M
$137M
$124.3M
Most grants fall between $1.6M and $2.1M, with a median of $1.8M.
25th Percentile
$1.6M
Median
$1.8M
75th Percentile
$2.1M
THOMAS COSTABILE
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The reported grant-size distribution is concentrated at a high level: the 25th percentile is $1,559,388, the median is $1,832,275, and the 75th percentile is $2,105,162. Recent giving also shows repeated support to the same recipient, with The Asme Foundation Inc appearing in both 2023 and 2024. The foundation is structured as a large operating professional society foundation rather than an individual grantmaker, and it does not fund individuals directly. Multiple active programs accept unsolicited applications, including scholarships, the Engineering for Change Fellowship, and ISHOW prizes and design support.
Giving is local and concentrated in New York: 100% of grants in the recipient-country distribution went to U.S. recipients, and the top state by grant count is NY. The recent grants list places two large awards in New York City, both to The Asme Foundation Inc. Program geography is broader in some active initiatives, including global offerings such as ISHOW and the Engineering for Change Fellowship, but the recorded grant recipients are entirely in the U.S.
The foundation supports scholarships for mechanical engineering students, fellowships for early-career engineers, engineering education from K-12 through higher education, codes and standards development, public policy fellowships, and global development programs such as ISHOW and Engineering for Change.
Yes. Several active programs are listed as accepting unsolicited applications, including ASME ISHOW, the Engineering for Change Fellowship, ASME Engineering Scholarships, the ASME Charles J. Wilson Fastener Travel Grant, the Donald O. Thompson Graduate Teaching Fellowship, and the Graduate Teaching Fellowships.
The scholarship portfolio includes undergraduate, graduate, community college, and high school students pursuing mechanical engineering or mechanical engineering technology. Another scholarship program supports outstanding mechanical engineering students who need financial assistance to enter the ME/MET workforce.
The reported distribution is high and tightly grouped: the 25th percentile is $1,559,388, the median is $1,832,275, and the 75th percentile is $2,105,162. Recent grants also show awards of $2,378,050 in 2023 and $1,286,500 in 2024.
Its grantmaking is concentrated in New York. The top state by grant count is NY, and 100% of grants in the recipient-country distribution went to U.S. recipients.
2026
Source: IRS Form 990-PF, fiscal year 2026.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| THE ASME FOUNDATION INC | NEW YORK, NY | $1,850,185 | 2026 | MISSION-DRIVEN PROGRAMS |
| THE ASME FOUNDATION INC | NEW YORK, NY | $2,467,295 | 2025 | MISSION-DRIVEN PROGRAMS |
| THE ASME FOUNDATION INC | NEW YORK, NY | $1,286,500 | 2024 | MISSION-DRIVEN PROGRAMS |
| THE ASME FOUNDATION INC | NEW YORK, NY | $2,378,050 | 2023 | MISSION-DRIVEN PROGRAMS |