Our Foundation:
The North American Railway Foundation (Foundation)
was formed on October 22, 1996 as a nonprofit organization
(a private operating foundation). Its purpose is to explore,
nurture and support railway safety, efficiency and technology
and to educate about and preserve the history of railroads
in the United States and Canada. The goals of the Foundation
are achieved by providing direct and active financial support
to deserving non-profit institutions and projects, which
exemplify the Foundation's purpose.
As a private operating foundation, the
Foundation must take an active and direct role in each project
it undertakes. Unlike a typical foundation, we are discouraged
in providing "grants" where we would take a passive
approach to our projects. In being active, the Foundation
works very closely with each of its project coordinators
and provides an extra resource to the end beneficiary of
its support.
The Foundation has provided support to rail labor and other nonprofit, rail-related entities and
endeavors totaling $21.2 million from inception through December 31, 2021.
Our Support:
The Foundation received its original financial support
from the Brotherhood’s Relief & Compensation Fund (BR&CF). This support is deemed
a permanently restricted endowment, meaning that it cannot
be used for any purpose other than to generate income for
the Foundation. The income that is generated from investing
that financial support is used for charitable and operating
purposes. On a fiscal year basis, the foundation expends
over 85% of its income on these purposes.