Despite the challenges presented by COVID-19, AIChE’s 2021 year-end net asset level increased by $10.2 million, growing from $43 million in 2020 to $53.2 million at the end of 2021. Operations contributed $5.3 million toward the increase, with $2.5 million resulting from the SBA PPP loan forgiveness. Within Operations, the Foundation delivered $4.6 million net and the Industry Technology Groups contributed a net of $3.4 million. Below the operating line, investments generated income of $4.0 million.
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