The ASU Foundation was created prior to the 2002 merger. The purpose of the Foundation is to protect, maintain and build the endowment funds as the ASU established between 1970 and 1990 and to see that these funds are used for the purpose as originally intended. The three funds are Scholarship, Medallions and Medals, and Hall of Fame. All three are invested with Edward Jones Company. The foundation draws from the interest accrued from these funds. Last year there were 5 scholarships awarded. This year there are 6. The total value of the three funds is $233,000.