The Karl E. Neupert Endowment Fund is a permanently restricted fund that is held in trust by the ASA Education Foundation. At this writing, we have received a total of $9.293 million in pledges from 410 companies and individuals. The current balance of the fund is $8.634 million; remaining pledges are expected to be fulfilled within the next two years.
It is critical to note that the Fund is "permanently restricted," which means that only the earnings of the Fund can be utilized to support educational programming (the interest that is earned on the investments). The "corpus," or body, of the Fund is never touched.