Why does ASL need an endowment?
Grants and contracts are the major funding source for ASL activities, but permanent, independent funding will ensure our long-term viability. ASL is seeking donated funds to establish a $15 million endowment. Annually, 4% of the endowment investments will be expended to recruit and retain a team of world-class entrepreneurial scientists. Permanent funding also will help fund personnel supported by outside contracts and who must devote all their efforts to the contract itself. Other essential costs, including costs associated with business development, administration and senior leadership, cannot be covered under grant or contract funding. Permanent independent funding will assure the sustainability of the organization itself.
