The Land Economics foundation of Lambda Alpha International is a charitable research and education fund. The purposes of the fund are:
1. To encourage and support the study of land economics and support the highest ideals of scholarship and integrity for all fields--professional, business, governmental and academic--in which land economics is studied or practiced;
2. To expand the world's knowledge and understanding of the principles of land economics and encourage and support the application of such principles to both public policy and private endeavor;
3. To make available such scholarships relating to land economics as the Board of Gover- nors may from time to time deem appropriate;
4. To provide grants for research projects relating to land economics which are approv- ed or originated by the Board of Governors; and
5. To perform or facilitate such other projects and activities as will carry out the purposes enumerated above.
The Land Economics Foundation of Lambda Alpha International is a not for profit organization qualified as an exempt organization under Section 501(C)(3) of the Internal Revenue code. The foundation is funded by contributions from members and others and these funds are invested. The yields received from the investments are allocated by the Trustees to support and fund the objectives of the foundation through scholarships, educational programs, recognition awards and other activities consistent with the purposes of the foundation.