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Why the Legacy Foundation Exists
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Legacy Foundation Overview

The NAIW International Legacy Foundation was formed in 2006 as the philanthropic arm of NAIW International, now the International Association of Insurance Professionals, an association of insurance and risk management professionals dedicated to the perpetuation of those industries through education, networking and industry alliances. The NAIW International Legacy Foundation gained its IRS 501 (c) (3) status on April 6, 2007 allowing gifts to the Foundation to be tax deductible.

How are donations to the Foundation utilized?

Donations to the Legacy Foundation have been used to support the development of educational courses, keynote speakers at Conventions, and provide financial assistance to members, local associations, councils and regions for educational purposes.

In 2012, the Legacy Foundation funded the development of the Certified Leadership Professional Program. Since the program launched, over 30 designations have been earned in the first two years of the program and hundreds of courses completed.

Why should you give to the Legacy Foundation?

It’s an investment in the strength of the insurance community, and in securing the future success of the industry. What better reason to give than to know that you’re making our industry better?

What is the relationship between IAIP and the NAIW Legacy Foundation?

Through funding and support, the Legacy Foundation helps individuals within the IAIP community by creating access to scholarships and grants and the continued development of relevant educational programs.

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HISTORY

NAIW Education Foundation

The Executive Boards of the National Association of Insurance Women (International) had a long range goal of developing an educational foundation. This goal was achieved on July 8, 1993 when the NAIW Education Foundation was officially incorporated. The Foundation gained its IRS 501 (c) (3) status on March 24, 1994 allowing gifts to the Foundation to be tax deductible.

The National Association of Insurance Women (International) provided $25,000 in seed money for the establishment of the NAIW Education Foundation. From this initial contribution, the Foundation operated solely by donations from individuals, industry groups, foundations, corporations and industry-related businesses.

The Founders’ Circle was established in 1994. This elite group comprised of NAIW (IAIP) members and industry employees who provided funds through their pledges of $1,000 or more to support the mission: to promote excellence in the insurance industry by underwriting the education of current and future employees.

Insurance Scholarship Foundation of America

In June of 2005, with a strong commitment to its beginnings, the NAIW Education Foundation began to operate as the Insurance Scholarship Foundation of America: Founded by Members of NAIW. This growth allowed the Foundation to continue with its commitment to NAIW and its members as well as a recognized provider of insurance-related scholarships in America.

Since the Foundation was founded in 1993, the NAIW Education Foundation and ISFA awarded over $460,000 in academic scholarships to men and women pursuing a college degree and to professionals in the insurance industry working to enhance their knowledge and careers. ISFA also supported The Institutes National Honors Program Award of Academic Excellence and Distinguished Graduate Award for the AIS Program.

In 2015, the ISFA Board of Directors made the difficult decision to dissolve the Foundation due to the long downturn in the economy and the devastating effect it had on philanthropy and investment income. The remaining funds from ISFA will be donated to the Brantley Center College of Insurance at Appalachian State University in Boone, North Carolina. ISFA is extremely grateful to all members of the Founder’s Circle for their support over the years. The goal is to close the Foundation at the end of 2015. Any outstanding pledges or sustained giving will be considered closed as of January 31, 2015.

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