IEEE NPSS

A not-for-profit organization, the IEEE is the world's largest technical professional organization dedicated to advancing technology for the benefit of humanity... Our new initiatives provide the primary mechanism to actualize the goals of our strategic plan. New initiatives are 1- to 3-year activities that are not normally carried out under the operational budget. They are generally considered forward looking and strategic in nature. Under TAB rules we are able to allocate up to 3% of our reserves balance to new initiatives, provided the total budget for new initiatives of all societies and councils does not exceed 1% of total TAB reserves in any given year. We are also able to allocate up to 50% of our operational surplus each year towards 1-year initiatives in the following year, with the remainder going into reserves.

Also known as: IEEE