Board meetings are a crucial part of running this effective 501 (c) 3 organization. Our Board holds quarterly meetings to discuss our vision, direction, and goals. Directors monitor progress, ensure sufficient financial resources, and safeguarding the mission of the Foundation.
Over the last five years, the majority of project funds have come from a multi-year Federal grant awarded the first year of the strategy. The previous five-year strategy discussed moving away from unpredictable Federal funding and relying more on private, corporate and personal donations. Contributions from non-traditional funding sources and private individuals have risen compared to five years ago. Although, Federal grants will remain an option and grant projects will be developed, the Foundation will work toward its goal to diversify funding sources, relying less on Federal grants and more on non-traditional sources.
The Board has identified the following goals as essential to support NBF’s mission and expand biodiesel use.
Goal 1: Enhance Biodiesel through Education, Outreach and Training
a) Host educational events, such as the workshops and the biodiesel tours.
b) Sponsor events to address local and regional clean air and fuel utilization issues related to biodiesel. For example, the Foundation could sponsor events in key market areas such as the District of Columbia, California, New York City and the Annual Iowa Renewable Fuel Tour.
c) Work with industry to fund specific educational activities, such as diesel technician training for fleet managers, Clean Cities Coalitions, and other stakeholders.
Goal 2: Fund Critical Biodiesel Sustainability Research
a) Continue the timely identification of sustainability research needs through activities such as a Sustainability Workshop.
b) Fund critical sustainability research as outlined by attendees at the Sustainably Workshop or related Indirect Land Use Change (ILUC) events to advance the use of biodiesel and its coproducts.
c) Seek opportunities educate or research biodiesel/RD carbon pathways.
d) Promote research findings to the public to increase awareness and use.
Goal 3: Support the Education of Next Generation Biodiesel Experts
a) Continue to solicit donations from past funders and interested organizations.
b) Provide, if funding is available, Dallas Hanks Memorial Fund scholarships to worthy students to attend the annual National Biodiesel Board Conference and Expo.
c) Provide, if funding is available, Dallas Hanks Memorial Fund scholarships to worthy college students conducting research related to biodiesel.