The Endowment fund of the International Wood Collectors Society was established many years ago. The original plan was to generate interest from the principal in order to have emergency operating expenses. Since then it has been the will of the trustees to use the generated interest for educational purposes.
As membership in IWCS has decreased in recent years, the Society finds itself in a position that membership dues and meeting revenues are not fully funding its yearly financial obligations. In fact, the costs to maintain the Society may, in the very near future, have to use Endowment funds to just break even.
The IWCS board has thus decided not to make grants from the fund in the near future. We hope this situation will not persist for long and that we may again be in a position to fund research in wood related fields.