Wow, 2010 was another great year financially for the society and for the ASAS Foundation! Overall, the ASAS investment portfolio performed positively with a return of 10%, outperforming our blended benchmarks and giving remarkable returns as approximately 40% of our investment funds were allocated to cash.

The ASAS Foundation enjoyed another banner year for donations, receiving just over $50,000 in donations to a number of funds in 2010. In addition, 2010 served as the organizational year for the following new funds: 1) The Gary Cromwell Appreciation Club; 2) The Gary Allee Appreciation Club; 3) The Darrel Goll Appreciation Club; 4) The Harlan Ritchie Appreciation Club; and 5) The Tim Stahly Memorial and Tribute Fund. With fundraising efforts under way for each of these funds, 2011 is sure to be a record fundraising year for the ASAS Foundation.

The society also had an incredible year financially. ASAS finished 2010 with an approximately $430,000 budget surplus and increased our equity in FASS. At this point, ASAS has more than recouped market losses absorbed in 2008 and increased our net value to well above 2007 numbers (the last highest year). We will publish all of these numbers in full following completion of the 2010 yearly audit!

Both ASAS and the ASAS Foundation are in outstanding fiscal shape.

Funds Summary