LEF is a not-for-profit charitable foundation organized to administer an investment fund which provides grants for research projects related to land economics. Since 1965 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 applications can be submitted by LAI members, or Chapters, asking for Grants to further Land Economics goals. LAI also accepts grant applications from other sources.such as non profits and schools.
The Board of Directors of LEF reviews the applications, and then submits qualified applications to the LEF Board of Trustee’s for approval.
Many factors go into this process, amount requested, availability of funds, long term commitments, etc. See samples of funded applications here.
General Purpose. This charitable Foundation is to create and administer a research and education Investment Fund to be held in perpetuity or until such fund is terminated pursuant to law. The purposes of this Investment Fund are:
- To encourage and support the study and application of land economics and to support the highest ideals of scholarship and integrity for all fields-professional, business, governmental and land economics affairs and academics in which it is practiced;
- To expand the universe of knowledge and understanding of the principles of land economics and encourage and support the application of such principles to both public policy and private endeavor;
- To provide grants for research projects relating to land economics which are approved or originated by the Board of Trustees; and
- To perform or facilitate such other projects and activities as will carry out the purposes enumerated above.