A N N U A L R E P O R T

2012Board of

TrusteesDaviD Coleman,

Chair

m. Byrl Williams, viCe-Chair

roBert Bittner, treasurer

Daniel Dragone,seCretary

traCy Brettmann

roger healey

James morrison

riCharD short

The Deep Foundations

Institute Educational Trust

is an independent 501(c)(3)

nonprofit organization

established in 2006 by the

Deep Foundations Institute

(an industry association) as

its charitable arm.

The Trust is governed by a volunteer Board of Trustees and administered by the staff of the Deep Foundations Institute, at the Institute’s offices in Hawthorne, NJ. This structure enables a viable and efficient organization and minimizes management costs.

Since its founding, the Trust has awarded $318,000 in scholarshipsto 75 students studying at colleges and universities across the United States.

Mission To support and encourage individuals in the fields

of study related to the deep foundation industry by

providing scholarships and opportunities to meet and

work with deep foundation industry leaders.

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D F I E D U c A T I O N A L T R U s T

2012

During 2012, the DFi Educational Trust was able to achieve significant programmatic, financial, and operational progress. Scholarships were established at two additional institutions: the university of Houston, funded by the Trust’s Berkel & Company Contractors, inc. Scholarship Fund, and the university of Cincinnati, funded by the newly-established Larry P. rayburn Civil Engineering Scholarship Fund, created with a generous endowment from richard goettle, inc. This brings the total number of schools in the scholarship program to seven. A total of $84,500 in scholarships were awarded during 2012, the highest yearly amount since the founding of the Trust in 2006. in addition, an At-Large Scholarship Program was created which, beginning in 2013, will make awards to students from different colleges and universities across the country.

2012 Trust Highlights

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Financially, the Trust saw its assets grow approximately 7.5% during 2012, in part due to favorable investment results but also thanks to successful fundraising efforts such as the Pleasanton, California golf Outing, organized by Byrl Williams, the Pittsburgh golf Outing led by Seth Pearlman, and the 7th Annual gala Dinner, chaired by David Coleman and held in november in new Jersey, the proceeds of which benefit the DFi Educational Trust Stanley Merjan Scholarship at City College of new York.

During 2012, the Trust Board saw the addition of two new members: roger Healey from richard goettle, inc., and former DFi President Tracy Brettmann, of Berkel & Company Contractors, inc.

On the administrative front, DFi hired an administrator to manage the Trust’s day-to-day operations and thus insure efficiency, continuity, and accountability.

Recipients of the 2012 DFI Educational Trust – Stanley Merjan Scholarship at City College of New York:L to R: José E. Santana Ruiz, Tara Saber-Khiabani, Choong Leong Ye, and Maurice Diong

DFI Trustee, Bernie Hertlein (center), presenting the 2012 DFI Educational Trust –

Berkel & Company Contractors, Inc. Scholarship to Megan Wallace (l) and Justine Brennan (r),

both students at the University of Illinoisat Urbana-Champaign.

New Berkel Scholarship atUniversity of HoustonWith the Trust scholarship at Carnegie Mellon university becoming an independent stand-alone fund in 2012, the DFi Educational Trust Board selected the university of Houston to replace Carnegie Mellon as a recipient school of an annual $12,500 student scholarship from the Berkel & Company Contractors, inc. Scholarship Fund.

The university of Houston is a Tier One public research university, serving nearly 40,000 students. The department of civil and environmental engineering offers B.S., M.S., M.C.E., and Ph.D. degrees in civil engineering as well as master’s and Ph.D. degrees in environmental engineering.

Scholarship Fund Established in Honor of Larry P. Rayburnin november, thanks to an initial donation and multi-year pledge from richard goettle, inc., the Trust established the Larry rayburn Civil Engineering Scholarship at the university of Cincinnati (uC). The scholarship honors deep foundations industry leader and uC alumnus Larry P. rayburn.

The Scholarship Fund will provide a minimum of $10,000 in scholarships annually to at least two uC undergraduate civil engineering students.

Founded in 1819, the university of Cincinnati is a public Tier One university. The university’s College of Engineering and Applied Science offers undergraduate programs in Civil Engineering, Architectural Engineering, and Construction Management and confers M.S. and Ph.D. degrees in various focus areas of Civil Engineering.

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Trust Scholarships

Scholarship at Carnegie MellonUniversity Becomes Self-SustainingThanks to the efforts of the annual DFi Educational Trust Pennsylvania golf Outing fundraising committee, led by Seth Pearlman, President and CEO of Menard-uSA, the DFi Educational Trust scholarship at Carnegie Mellon university (CMu) became self-sustaining in 2012. it is now supported solely from the net proceeds of the golf event which takes place every July at Chartiers Country Club in Pittsburgh. The golf outing began in 2006 and annual proceeds have quadrupled since inception thanks to the support of local DFi and deep foundation industry members. Due to this fundraising success, the Board decided to create a separate dedicated fund for CMu student scholarships. A total of $12,500 in scholarship money was awarded in 2012 from the new fund.

The scholarship at Carnegie Mellon was previously funded by the DFi Educational Trust-Berkel & Company Contractors, inc. Scholarship Fund. in 2013, the fundraising committee is planning to compliment the proceeds of the Pennsylvania golf Outing with other fundraising activities to enhance the sustainability of the fund.

The Trust administers several scholarship programs funded by endowments, donations, and fundraising events. Eligibility requirements vary from program to program but in general, scholarships are awarded to full-time undergraduate and graduate students in excellent academic standing, who demonstrate financial need, and who are pursuing studies in fields such as civil, geotechnical, or construction engineering.

The Trust’s Scholarship Funds at a GlanceFund Year Created Annual Awards InstitutionsBerkel & Company Contractors, Inc. 2008 $50,000 University of IllinoisScholarship University of California at Berkeley Auburn University University of Houston

DFI Educational Trust Scholarship at 2012 $12,500 Carnegie Mellon UniversityCarnegie Mellon

Stanley Merjan Civil Engineering 2010 $10,000 City College of New YorkCCNY Scholarship

Larry P. Rayburn Civil Engineering 2012 $10,000 University of CincinnatiCCNY Scholarship

At-Large Scholarship Program 2012 $ 6,000 Any accredited college or university in the US

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Financial PositionDecember 31, 2012

Total Assets $ 1,651,730

Total Liabilities $ 3,250

Total net Assets $ 1,648,480

Total Liabilities and net Assets $ 1,651,730

2012 Financial ReportStatement of Activities 2012

RevenuesContributions $ 134,283

Fundraising Events (net) $ 45,041

investment income $ 76,538

TOTAL REVENUES $255,862

ExpensesProgram Expenses Scholarships $ 84,500

Other Program Expenses $ 45,416

Total Program Expenses $129,916

Administrative Expenses $ 25,712

TOTAL EXPENSES $155,628

NET INCOME $100,234

Investment Allocation

n uS Fixed income .............................42.7%

n Mortgages* ......................................20.2%

n Alternative Strategies .......................15.6%

n global Fixed income .......................13.7%

n Equities .............................................2.8%

n Commodities .....................................2.7%

n Money Market ...................................2.3%

Allocation of Expenses

n Program ...............................................83%

n Administration ....................................17%* The Trust currently holds a first mortgage on the Deep Foundations institute headquarters building in Hawthorne, nJ.

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$5,000 - $9,999

Contributors 2005 – Present

$1,000 - $2,499

$1 MillionBerkel & Company Contractors, inc.

$250,000 and aboverichard goettle, inc.

$50,000 and aboveLoadtest

$10,000 and aboveBermingham Foundation Solutions

Larry rayburn

underpinning & Foundation Skanska

American Equipment and Fabricating

Clyde & Jeanette Baker

Florian Bauer

Bittner-Shen Consulting Engineers

Jason Blinn

Brasfond Fundacoes Especiais S.A.

Andrew J. Burns

Cajun Deep Foundations

Center rock, inc.

David Coleman

george r. Compton iii

Condon-Johnson

John Cubala

Alfredas Daugiala

DFT Consultants

Empire Concrete

Empire Transit Mix, inc.

Melvin Esrig

Maria Alina and Alexander Filotti

Mason J. Ford

Foundation Constructors, inc.

Foundation Supportworks, inc.

gMS Piling Products, LLC

Halmar international

L.g. Barcus

Langan Engineering

Fabio Liscidini

Anthony Loreto

Julius (Buddy) Mcintosh

Menard

Barbara Merjan

Moretrench American Corporation

John H. O’Keefe

John O’rourke

Alfranio Prado

Karyne raymond

Jim & Anne reilly

robert remler

russell Scheedie

Lloyd Scott

Skanska uSA

Skyline Steel

Steven M. Hain Co.

gene Swindell

Treviicos

Tom Trochalides Jr.

uliman Schutte Construction, LLC

$2,500 - $4,999Ben C. gerwick, inc.

Bay Crane Service, inc.

DFP Foundation Products, LLC

Equipment Corporation of America

Kiewit Construction group, inc.

Lally Pipe & Tube

The Laquila group

north American Construction group

Peckar & Abramson

richard Short

Trinity Products, inc.

urkkada Technology, Ltd.

M. Byrl Williams

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Fundraising EventsPennsylvania Golf Outing, July 9, 2012, Chartiers Country Club, Pittsburgh, PAProceeds benefit the DFI Educational Trust Scholarshipat Carnegie Mellon University

Osterberg Memorial Lecture and Dinner,September 12, 2012, Lakewood, COProceeds benefit the DFI Educational Trust

New Jersey Golf Outing, October 2, 2012Forsgate Country Club, Monroe Twp, nJProceeds benefit the DFI Educational Trust and theACE Mentorship Program of New Jersey

Awards Banquet at DFI Annual Conference,October 18, 2012, Houston, TXProceeds benefit the DFI Educational Trust

California Golf Outing, October 29, 2012,Castlewood Country Club, Pleasanton, CAProceeds benefit the DFI Educational Trust

Annual NY/NJ Gala Dinner,november 8, 2012, Weehawken, nJProceeds benefit the DFI Educational Trust Stanley MerjanCivil Engineering Scholarship at City College of New York

Ben C. Gerwick Award Dinner, December 6, 2012, norfolk, VAProceeds benefit the DFI Educational Trust

Annual NY/NJ Gala Dinner

Pennsylvania Golf Outing

Dan Brown, Osterberg Memorial Lecture and Dinner

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Event Sponsors$20,000 and above

$15,000 - $19,999American Piledriving Equipment

Equipment Corporation of America

Foundation Constructors, inc.

nicholson Construction Company

Bauer-Pileco

Menard

richard goettle, inc.

Star ironworks, inc.

$2,500 - $4,999Air Equipment Corp.

AruP

Bermingham Foundation Solutions

Bittner-Shen Consulting Engineers

Byrl Williams

Carpenters 46 n. CA Counties

Case Foundation Company

Flatiron Corp.

Hayward Baker

Kelly Tractor

Kiecon

Kleinfelder

Moretrench American Corporation

PJ’s rebar

rollo & ridley, inc.

Skanska uSA Building

Steven M. Hain Co

Trevi icos

Trinity Products, inc.

urkkada Technology Ltd

Weeks Marine, inc.

West Coast Welding, inc.

Williams Form group

$1,000 - $2,499

We would like to thank the following sponsors for their continued support of our events over the years:

$10,000 - $14,999Brayman Construction Corp.

L.B. Foster Company

Skyline Steel

underpinning & Foundation Skanska

$5,000 - $9,999Ben C. gerwick, inc.

Brasfond Fundacoes Especiais SA

Condon-Johnson

gEi Consultants, inc.

Hammer & Steel

Lally Pipe &Tube

Langan Engineering

Pile Drivers Local 34

Pio’s Trucking Company

richard Short

Atlas Copco

Barton Malow

Bay Crane Service, inc.

Berlogar geotechnical

Bigge Crane and rigging Co.

Cajun Deep Foundations

Carnegie Mellon university

Central iron & Metal Co.

Coastal Drilling

D.P. nicoli, inc.

David Coleman

DBM Contractors

DFT Consultants

Digiola, gray & Associates

Digroup Architecture

Eckert Seamans

Ferrara Bros Building Materials Corp.

gAi Consultants, inc.

gallina, LLP

geokon, inc.

geomatrix

Hydro-ram, inc.

intercoastal Foundations & Shoring

international Construction Services

J. Withiam

Jet Drive general Marine Contracting

Kiewit Contstructors, inc.

L.g. Barcus

Lagonda Machine LLC

LMW Engineering group

Malcolm Drilling Company

Marathon Products, inc.

Menck gmbH

Morgan Stanley Smith Barney

Penn Drill Manufacturing

Pipe and Piling Supplies LTD

Power Engineering Contractors, inc.

reeve Trucking Co., inc.

Schwab Charitable Fund

Solimec, S.P.A.

Stroer & graff, inc.

STS Consultants, LTD

Thatcher Engineering Corporation

Treadwell & rollo

Triad Metals international

Webcor Builders

DFIIOT NA SD INN SU TO IF T UP

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DFI EDucatIonal trust326 Lafayette Avenue

Hawthorne, New Jersey 07506 USATel: (973) 423-4030

staff@dfi.org | www.dfitrust.org

Final Draft 5: 8/5/13