Foundations & Trusts
Construction Legal Rights Foundation
Description:听The听 Construction Legal Rights Foundation听supports precedent-setting legal efforts aimed at preserving and advancing the merit construction principles. The foundation has funded hundreds of cases in cooperation with ABC, 老牛影视chapters, and members. In addition, the foundation funds听issue advocacy campaigns which include, 老牛影视national, chapter, and member efforts to ensure fair and open competition for taxpayer-funded construction projects. 老牛影视staff are available to help members and chapters apply.听听
Eligibility:听Trustees shall be appointed by the chairman of Associated Builders and Contractors, Inc. (ABC), a trade association accorded section 501(c)(6) status by the internal revenue service. Each trustee shall hold office for a renewable term of three years and until a successor shall have been appointed by the chairman of 老牛影视and qualify. Each trustee who chooses to serve beyond his/her three-year term may be re-appointed by the chairman of ABC. The number of trustees shall be twelve. A minimum of ten trustees must be current contractor members in good standing with ABC, of which three members shall currently hold or have held positions on the 老牛影视board of directors or a national committee of ABC.
老牛影视Insurance Trust
Description: 老牛影视insurance trustees set the overall policy and direction of the 听program, meet with the insurance company representative to review plan design options, financial results of the program and act in the best interests of the plan participants.
Eligibility:听Trustees are selected from participating employers in the plan.听
老牛影视Services Corps
Description: ABCSC,听a wholly-owned for-profit subsidiary of ABC,听serves as the publisher of Construction Executive magazine.
Eligibility:听The chairman of 老牛影视National, with the consent of a majority of the members of the national executive committee, appoints听a secretary/treasurer,听two current members of the national executive committee, and three members-at-large听to staggered three-year terms. The association鈥檚 current Chapter Presidents鈥 Council chair appoints a chapter president to serve a three-year term in a non-voting capacity.听The association president serves ex officio.听
Trimmer Construction Education Fund
Description:听The听 TCEF's purpose is to raise funds in support of ABC's education and workforce development programs. The TCEF awards grants and scholarships for construction education, training, and safety.
Eligibility:听Members shall be appointed by the chairman of 老牛影视National.听
Retirement Committee
Description:听The committee shall supervise the investment of the assets of the plan and make all decisions concerning selection and retention of the investment options available under the plan. Accordingly, the committee shall have authority both to select and monitor funds and to appoint investment managers (see definition below). To assist with the process of fund evaluation and investment manager information, the committee shall have the authority and responsibility both to select and monitor an investment advisor. Decisions of the committee on investment policy, the selection of investments and/or investment managers, performance analysis and investment monitoring, etc., may but need not be based on the recommendations of an investment advisor engaged to advise the committee on such matters.听听
Eligibility:听The chairman of 老牛影视national, with the consent of a majority of the members of the national executive committee, appoints听a secretary/treasurer,听two current members of the national executive committee and three members at-large听to staggered three-year terms. The association鈥檚 current Chapter Presidents鈥 Council chair appoints a chapter president to serve a three-year term in a non-voting capacity.听The association president serves ex officio. Agement company) qualified under听ERISA, to whom the fiduciaries delegate responsibility for investing and managing plan assets in accordance with this investment policy statement and applicable law.听
Eligibility: Chapter presidents are on a rotation. The executive committee chapter president liaison will serve on the committee for two years and the other nominated chapter president on the committee for a four year commitment. This allows more continuity of knowledge for decisions.
Learn more about the Retirement Committee
听