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PTDA Foundation Surpasses Fund Drive Goal in 2009

Chicago—Oct. 23, 2009—Reflecting industry-wide support for the Power Transmission Distributors Association (PTDA) Foundation’s core initiative, Industrial Careers Pathway® (ICP), the PTDA Foundation to-date has raised a total of $216,733 for its annual fund drive in 2009, slipping past its set goal of $215,000.

The 2009 Fund Drive was bolstered in part by a new partnership program for ICP rolled out at the beginning of the year.  For the first time, the PTDA Foundation offered other associations an opportunity to help set the strategic for the ICP initiative, in exchange for a financial and functional commitment to the program. 

As a result of the program, six Alliance Partners and three Alliance Supporters signed on to ICP, including:

ICP Alliance Partners:

• ASA Education Foundation
• Bearing Specialist Association
• International Association of Plastics Distributors
• ISA Educational Foundation
• National Fluid Power Association
• Power Transmission Distributors Association

ICP Alliance Supporters:

• FPDA Motion & Control Network
• HALO/HARDI
• NAHAD

These new partnerships combined with the long-standing commitment of PTDA members to maintain momentum in a recessionary year.

“In a year when executives faced tough budgetary decisions, the continued strong support of PTDA members and industry partners is both inspiring and energizing,” said PTDA Foundation Executive Director Phyllis Russell.  “With these results, we know that our peers are joined together in preparing for our industry’s future.”

Fund Drive Highlights:

• Once again, IDC-USA and its members are leading the way with a combined contribution of $10,250, followed closely by ISA Educational Foundation's contribution of $10,000.
• Thirteen new investors contributed a total of $11,100, including first-time support of $5,000 from Bearing Specialists Association.
• Even in this challenging economy, eight ongoing supporters found a way to increase their contributions, adding $10,600 in new funding. 
• Two of our Heritage Society members have again made Leadership contributions of $1,000.

The PTDA Foundation is pleased to recognize the following major donors:

Investor Contributors ($10,000 or more)

• ISA Educational Foundation
• IDC-USA
• Power Transmission Distributors Association

Stakeholder Contributors ($5,000-$9,999)

• ASA Education Foundation Inc.
• BDI
• Bearing Specialists Association
• Emerson
       Emerson Industrial Automation
       Emerson/U.S. Motors
• Gates Corporation
• International Association of Plastics Distribution
• KINECOR LP
• Martin Sprocket & Gear Inc
• Motion Industries Inc./Motion Canada
• National Fluid Power Association (NFPA)
• Oilite Bearing Division (Beemer Precision, Inc.)
• Rexnord LLC
• SKF Service Division
• The Timken Company

Benefactor Contributors ($2,500-$4,999)

• Altra Industrial Motion
• Baldor Electric Company
• Baldwin Supply Co.
• Bartlett Bearing Co., Inc.
• Canadian Bearings Ltd.
• Drives, LLC
• General Bearing Service Inc.
• IBT, Inc.
• Jason Industrial Inc. A Megadyne Group Co.
• Kaman Industrial Technologies Corporation
• Miller Bearings, Inc.
• NSK Canada Inc.
• NSK Corporation
• NTN Bearing Corp. of America

The PTDA Foundation was founded in 1982 to enhance knowledge, education, professionalism and productivity within the power transmission/motion control (PT/MC) industry. 

The Foundation’s core initiative, Industrial Careers Pathway®, is a collaboration of industrial distribution associations working together to recruit entry-level employees to the industrial distribution channel; develop programs to teach business, technical and distribution basics; and create affordable resources for current employee development. 

The Foundation is a not-for-profit, tax-exempt 501(c)(3) corporation whose operations are funded by tax deductible contributions.  Contributions are tax deductible to the full amount allowed by law.

For more information or a complete list of donors, visit www.industrialcareerspathway.org.