The AAPG Grants-in-Aid Fund affords AAPG Foundation contributors an opportunity to make a long-term investment, not only in the future of a well-qualified student, but also in the future of petroleum geology as a science and profession.
This program was established in 1956 to support graduate and post-graduate students in the studies related to earth science aspects of the petroleum energy industry, including exploration and development of hydrocarbons and economic sedimentary minerals and relevant applications of environmental geology.
Grants from the Grants-in-Aid Program are awarded in varying amounts up to a maximum of $3,000. All applications undergo the same review process and are ranked by three members of the Grants-in-Aid Committee. Applicants with the highest average rankings, which are based on various merit criteria and in part, on the financial need, become grant recipients.
The Named Grants are a special endowed segment of the AAPG Foundation Grants-in-Aid Program, and provide a way to give a gift that will renew itself indefinitely, and at the same time honor either the donor or someone of his or her choosing.
The Named Grants program was initiated in the 1970s when friends of the late Hugh Miser established a memorial fund in the Foundation to award an annual grant. Since that time 74 Named Grant endowments have been created. Grants are awarded annually in amounts ranging from $1,000 to $3,000.
A one-time gift or bequest of $25,000 will endow an annual grant of approximately $1,000 (depending on the rate of return from investment of the endowment). Every $5,000 added to the endowment will increase the annual grant by about $200, up to the maximum of $3,000 per grant.
A company, an institution, an individual or a group of individuals can endow a Named Grant. Several Named Grants have been funded by AAPG members in memory of or in honor of family members or colleagues, and vice-versa. It is also possible for a donor to make a gift or bequest for a Named Grant in his or her own name. Named/Memorial grants established but unfunded after a 3 year time period will be dissolved after notification is provided to the establishing donor(s) and all monies in the "Named Fund" will be transferred to the regular Grants-in-Aid Fund.