Consistent with its purpose, the Foundation for the Malcolm Baldrige National Quality Award, Inc., has committed funds to sustain the Baldrige Performance Excellence Program (BPEP) through fiscal year 2015. The funding is further evidence of the foundation's commitment to the long-term viability of Baldrige.
The foundation said its support was due in part to its confidence in the ongoing development of the business and financial model by the Baldrige Enterprise, which includes BPEP, the foundation, the Alliance for Performance Excellence, and ASQ. Baldrige will use the funding in conjunction with revenues raised through a variety of fee-based product and service offerings to ensure both its and the Enterprise's sustainability.
The foundation has stipulated that the use of the funds is for the furtherance of the Malcolm Baldrige National Quality Award and the Baldrige Program. The foundation will review the gift annually to determine any appropriate adjustments for a rolling three-year period.
For additional information, read the complete announcement (MS-Word).
