Despite the challenges presented by COVID-19, AIChE’s 2020 year-end net asset level increased by $8.3 million, growing from $34.7 million in 2019 to $43.0 million at the end of 2020. Operations contributed $6.2 million toward the increase.
Within Operations, the Foundation delivered $6.3 million net and the Industry Technology Groups and the Meetings business segment contributed a net of $2.5 million each. General & Administrative expenses remained relatively flat at $4.7 million. Below the operating line, investments generated income of $3.0 million.
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