Lambda Alpha International

m e m o r a n d u m

To: Steven Gragg (steven.gragg@cushwake.com)

Frank Clayton (frank.clayton@altusclayton.com)

Jack Swenson(jswenson@camiros.com)

Terry Stevenson (tstevenson@integrated-solutions.com)

Les Pollock (lpollock@camiros.com)

Date: February 11, 2009

From: Ron Buss (bussshelger@pacbell.net)

Subject: LEF Grant Program

LEF is a not-for-profit charitable foundation organized to administer an investment fund which provides grants for research projects related to land economics. Over the past three years LEF has committed capital (5% of assets) to a number of significant and worthwhile endeavors across the country on a matching basis with other non-profit entities. The following are projects LEF has funded to-date.

Amount	Project
$5,000	Safe Horizon – A mediation program designed to train volunteers in three New York locations to assist the underprivileged in dealing with aggressive landlords. Highly successful program being expanded nationally.

$5,000	San Diego Canyonlands Video – Created a video on a collaborative basis with several conservation organizations to expose on cable television the critical need to preserve open space canyons as a natural link to other urbanized communities in the county.

$5,000	Arizona State University Student Chapter – Provided the initial funding to create a graduate student chapter in real estate to function cooperatively with LAI’s Phoenix Chapter; a model for other Chapters.

$30,000	Burnheim Centennial Celebration – An advanced commitment for LAI to participate with other major real estate organizations in 2009 to recognizing the unique skills of Daniel Burnheim, credited with the masterplanning of Chicago, San Francisco, Washington D.C., Manila, etc.

$4,500	Ross Minority Program – In cooperation with USC’s Marshall School of Business, LAI is participating with the partial sponsorship of minorities in attendance in a comprehensive, two-week program involving community redevelopment projects, primarily in neglected areas.
$5,000	Light Rail Value Impacts – With the completion and now operational Light Rail system in Phoenix, the Foundation underwrote the cost of updating a ULI study addressing the impact on land uses and values surrounding the stations along the new rail line. The Master’s Thesis is to be submitted and published by Arizona State University.

LEF has carefully investigated a number of other proposed projects that it did not fund, primarily because of capital constraints at the point in time the request was made, others due to conflicts with our grant criteria. Without detail, the following were submitted and considered.

Amount	Project Name
$10,000	Tenement Museum Program

$10,000	World Urban Forum

$5,000	University of Memphis Scholarships

$5,000	California State University Scholarships

$100,000	Lewis Bolan Scholarships (John Hopkins University)

$5,000	Chicago Architecture Foundation

$10,000	DePaul University

$10,000	California State University (Fullerton) Scholarships

The principal thrust of our efforts has been to promote LAI recognition on a broad scale basis, with particular emphasis on local chapter involvement at numerous levels. We look forward to considering your Chapter’s application, the process can be found on LAI’s website. Please do not hesitate to contact any of the officers for guidance if needed, that is what we are here for.

Foundation Grants Approved

LEF is a charitable foundation organized to administer an investment fund, which funds grants for research projects related to land economics. Over the past three years LEF has committed capital (5% of assets) to a number of significant and worthwhile endeavors across the country on a matching basis with other non-profit entities.

Amount	Project
$5,000	Safe Horizon - A mediation program designed to train volunteers in three New York locations to assist the underprivileged in dealing with aggressive landlords. Highly successful program being expanded nationally.

$5,000	San Diego Canyonlands Video - Created a video on a collaborative basis with several conservation organizations to expose on cable television the critical need to preserve open space canyons as a natural link to other urbanized communities in the county.

$5,000	Arizona State University Student Chapter - Provided the initial funding to create a graduate student chapter in real estate to function cooperatively with LAI's Phoenix Chapter; a model for other Chapters.

$30,000	Burnham Centennial Celebration - An advanced commitment for LAI to participate with other major real estate organizations in 2009 to recognizing the unique skills of Daniel Burnham, credited with the master planning of Chicago, San Francisco, Washington D.C., Manila, etc.

$4,500	Ross Minority Program - In cooperation with USC's Marshall School of Business, LAI is participating with the partial sponsorship of minorities in attendance in a comprehensive, two-week program involving community redevelopment projects, primarily in neglected areas.