The History of the Karl E. Neupert Endowment Fund

A History of Service.

When the ASA Education Foundation was established in 1977, it fulfilled the need for an organized resource to provide education services to ASA's members. In its early years of existence, it focused on providing ASA's members with the tools necessary to develop a successful business, with knowledgeable employees well-educated in the PHCP and PVF industry.

How did it happen? The ASA Education Foundation provided members access to:  
  • a groundbreaking product knowledge program
  • management seminars
  • a well-developed resource library
Yet as the world moved into the 21st century, the needs of ASA's members and the direction of the industry grew to a level where the Foundation knew in order to be effective in its mission, it had to do more...


A Vision for the Future.

When Karl E. Neupert of Consolidated Supply Co. in Portland, Oregon was president of the ASA Education Foundation Board of Trustees in the early 1990s, he recognized that the programs that were then available, while effective on their merits, were not at a level that would sustain their significance for the PHCP and PVF industry of the 21st century.

He envisioned a few simple, yet lofty goals:  
  • a self-sustaining Education Foundation
  • proactively develop programs
  • deliver them without having to pass that cost on to the members
  • provide a greater return for those who invested in education
Through his passion and belief that his industry needed a qualified, educated workforce to compete effectively and grow in the future, Karl inspired the Foundation's Board of Trustees and the Board of Directors of ASA to create an endowment fund for the ASA Education Foundation.

The concept was that the fund would be dedicated to providing support for building new programs and educational opportunities for employees in the PHCP industry, thereby protecting the future viability of the wholesale channel of distribution.


A Call to Action, Answered.

The Education: Our Pipeline to the Future Campaign was publicly launched in 1998, embarking on an industry-wide effort to establish a permanent endowment fund of $10 million. Thanks to dozens of wonderful volunteers who stepped forward in support of the cause at an early stage, the campaign became a vital component of ASA and the Education Foundation's strategic plans for the future.

In 2002, Karl Neupert passed away unexpectedly after a short but courageous battle with cancer. The fund that was a living testament to his inspiration and unwavering commitment was renamed the Karl E. Neupert Endowment Fund. In 2006, the Karl E. Neupert Endowment Fund passed its goal of $10 million and today, the ASA Education Foundation is well-positioned to fulfill the ultimate goal that was identified in the original case statement for the campaign:  
  • research the programs of interest and importance to ASA members
  • develop them to implementation
  • promote their use
  • support their continued existence and relevance

A Vision Realized.

The Karl E. Neupert Endowment Fund is a permanently restricted fund, with the $10+ million corpus secured in investments. The ASA Education Foundation is mandated to spend no more than 5% of the average investment worth on an annual basis on programs and services. In recent years, the Foundation was able to invest significantly in program development and educational subsidies for ASA's special interest groups, regional associations and individual members.

A Partner in History.

Donors to the Karl E. Neupert Endowment Fund include manufacturers, wholesalers, independent reps and many friends of the industry. Those who have contributed financially to the Karl E. Neupert Endowment Fund are collaborators in this industry's history and conservators of its future. You, too, can be listed among those who came forward and made a difference by making a gift to the Karl E. Neupert Endowment Fund.

Donations to the Karl E. Neupert Endowment Fund may be made in cash, securities or other financial property. They can be paid in a single year or pledged over a period of three years. Non-cash gifts will be credited at their fair market value on the date of transfer. The ASA Education Foundation receives tax exempt status under section 501(c)(3) of the Internal Revenue Code. All gifts made to the Fund are tax deductible to the fullest extent allowed by law. Gifts by bequest are fully deductible for Federal estate tax purposes.

Donors are eligible to receive a 25% discount off of Foundation-developed programs, lasting until the gross amount spent is equal to that of the pledge. Donors may take advantage of the discount if the Foundation has received a signed pledge form and the first payment on the pledge. The gross value of the Foundation programs purchased may not exceed the amount of the pledge payments made at any given time.

Contribute today!

ASA Headquarters and Education Foundation
1200 N. Arlington Heights Road, #150
Itasca, IL 60143
P: 630.467.0000
F: 630.467.0001