Page 6 - ILMA Compoundings - September 2021

INSIDE ILMA

Funding the Future
With critical shortages in the labor market, the ILMA Foundation’s
signature Scholarship Program is more important than ever to help
prime the pipeline of talented workers. Over the past 19 years, ILMA
has awarded more than $550,000 in scholarships to 195 students. Of
these, 125 have graduated from college, and 27 continue to receive
funding and work toward their degrees.

Undergraduate awards were recently increased from $3,000 to
$3,500 per year for current and new winners. Eight new scholarships
were awarded for the 2020-2021 academic year, including the Elmer
B. Cleves Award and the Taglia Award. The Elmer B. Cleves Award
is given to undergraduate scholar-athletes studying science or
entrepreneurship. The Taglia Award goes to undergraduates, with a
preference for chemistry majors in Minnesota or Ohio.

Defining ILMAs’ Economic Impact

The work of the ILMA Foundation isn’t limited to scholarships. In 2018,
the Foundation joined ILMA to commission a groundbreaking study
on the economic impact of independent lubricant manufacturers in
North America. The study found that ILMA members stimulate $14.4
billion in sales activity per year and $7.2 billion in GDP. In addition, we
support 26,300 jobs that pay $2.6 billion in labor income.
This concrete data helps quantify why ILMA members matter in the North
American economy and lends greater credence to our collective voice.

2020-2021
ILMA Foundation
Board of Governors

The ILMA Foundation Board of
Governors meets regularly to
discuss ways to enhance current Barbara Bellanti Dave Croghan Dave Diberto Lon Fanning Jarrett Flegel
programs and to find new ways of
supporting the lubricants industry.
Contact Tim Mack at
tmack@ilma.org
or (571) 206-8806
to make an individual or Frank H. Hamilton III Beth Ann Jones Barbara Kudis Gabe Rhoads Jeff Thompson
corporate donation today.

The ILMA Foundtion is the 501(c)(3) charitable
arm of ILMA. The foundation works to
promote the value of the lubricants industry
to educational institutions, consumers
and other stakeholders and to support the
interests, values and vision of independent
lubricant manufacturers. Chris Marquette Glenn Mazzamaro Robert Plummer