The Foundation for Appraisal Education was founded in 2002, as a separate corporate entity from its parent organization, The International Society of Appraisers (ISA).
The sole purpose of this corporation was to raise funds for scholarships to aid those seeking to improve their knowledge in the field of personal property appraising.
The ISA Education Foundation was established under Illinois law and granted non-profit status in 2003. In the summer of 2008, the name was changed to the Foundation for Appraisal Education. Its corporate headquarters, where legal residence and recognition is established, is located in Chicago, IL.
In the summer of 2008, the name was changed to the Foundation for Appraisal Education. The Foundation for Appraisal Education is not affiliated with the Appraisal Foundation, which is the Congressionally authorized non-profit organization dedicated to promoting professionalism in appraising through the establishment of appraisal standards and appraiser qualifications.
The Corporation began awarding scholarships in 2004 and currently presents 4 general scholarship awards of $1,000.00 each and 2 general scholarship awards of $500.00 each to individuals for educational classes, workshops, courses, and conferences related to personal property appraising. The Foundation also funds needs based scholarships in memory of Wendell Garrett totaling $6,000.00 through The Henry Francis du Pont Winterthur Museum, Inc. Grants for group educational opportunities, such as underwriting educational speakers for the International Society of Appraiser’s s annual conference, are also awarded.
In addition, the Corporation publishes the Journal of Advanced Appraisal Studies. Launched in the spring of 2008 and written and edited annually specifically for personal property appraisers and those who use appraisal services, this Journal is a compilation of original research articles, integrative reviews and topical discussions of professional appraisal issues and concerns from a variety of perspectives, theories and approaches.