ASAʼs Educational Foundation (ASAEF) is a separate, nonprofit corporation established by ASA and chartered in 1967. The mission of the ASAEF is to carry on educational, research, and charitable activities related to the advancement of the appraisal profession. ASAEF is exempt from income tax as a 501(c)3 organization; thus, contributions are deductible as charitable contributions.
The foundation is managed by a board of directors, four of whom serve as officers. The directors are appointed by ASAʼs Board of Governors and sit as trustees, but have no other legal connection with ASAEF, which manages its affairs independently of ASA.
The foundation is supported by contributions, revenue from auctions at ASA's International Conference, and proceeds from the sale of the 6th edition of "Valuing a Business" by Shannon Pratt and The ASA Educational Foundation.
Educational grants are awarded through a written application process and are reviewed by all ASAEF directors. Applications from all disciplines are given equal consideration and it is not necessary to be a member of ASA to apply for an educational grant. Grants cover tuition and book fees related to relevant ASA courses*, continuing appraisal education, college/university-level appraisal-oriented courses, as well as books relevant to professional appraising. Travel and lodging is not included.
*The Educational Foundation provides grants for continuing education courses only. Grants are not provided to attend ASA or other industry conferences or events.