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ISBA stewards conservatively-managed accounts containing funds for several specific purposes. Funds are created (and may be merged or discontinued) by acts of the Board of Directors. In addition, ad-hoc funds are frequently created for short-term needs. Current funds include:


The Pilar Iglesius Fund

Pilar Iglesias-Zuazola was a research leader in Latin America in the areas of Bayesian theory and analysis and an outstanding educator. She received her Ph.D. from the Universidade de São Paulo in 1993, a student of Carlos Pereira, and quickly assumed a leadership role in Chilean statistics. She served as President of the Chilean Statistical Society, SOCHE, and headed its Bayesian section; she served as Director of the only Ph.D.-granting Statistics department in Chile, Catholic University; she worked to bring Statistical Science to Chilean high school students through her leadership of the Explora-Conicyt project (using animated cartoons to bring exploratory analysis to life); and she interacted with the international Statistical community at the highest levels, bringing fruitful interaction between Latin American statistical scientists and those in Europe, Africa, Asia, and North America.

Pilar contributed to the profession through service in ISBA and in the Chilean Statistical Association and was a dedicated mentor of students and young researchers. Pilar was a vital force in ISBA, head of the Chilean chapter of ISBA, and organized the superb 2004 ISBA World Meeting at Vinã del Mar, Chile. But above all she was loved for her warmth and vitality. On the third of March in 2007, Pilar passed away.

A fund in memory of Pilar has now been established by ISBA to endow an award in her name, to be given in perpetuity. The award provides travel grants for one or two graduate students or young researchers from a developing nation so that they can participate in an ISBA World Meeting or a Valencia meeting. The Pontifical Catholic University of Chile, Pilar's home institution, provided the initial $5,000 to initiate the fund; the goal of raising $20,000 was more than half-way completed by December of 2007. Donations to maintain and increase the fund may be given by secure on-line transaction when joining or renewing ISBA membership, or at any time through a web page dedicated to processing donations to the Pilar Iglesias fund.


The DeGroot Prize Fund

ISBA maintains an endowment fund to support offering the periodic awarding of the DeGroot Prize to the author or authors of an outstanding book on statistical science. The fund was begun by contributions from Morrie's many friends at Carnegie Mellon U, Duke U, George Washington U, Harvard U, Iowa State U, Microsoft Research, National Technical U of Athens, Ohio State U, the Section on Bayesian Statistical Science of the ASA, U Connecticut, U of Durham, U Kent, U Minnesota, U Sheffield, U Texas at Austin, U Warwick, and the Valencia Organizing Committee.

Donations to maintain and increase the fund may be given by secure on-line transaction when joining or renewing ISBA membership.

The Lindley Prize Fund

ISBA maintains an endowment fund to support offering the periodic awarding of the Lindley Prize for an outstanding contributed paper at an ISBA world meeting. The fund was initiated by donations from Dennis's many friends at Carnegie Mellon U, Duke U, George Washington U, Harvard U, Iowa State U, Microsoft Research, National Technical U of Athens, Ohio State U, the Section on Bayesian Statistical Science of the ASA, U College London, U Connecticut, U Durham, U Kent, U Minnesota, U Sheffield, U Texas at Austin, U Warwick and the Valencia Organizing Committee.

Donations to maintain and increase the fund may be given by secure on-line transaction when joining or renewing ISBA membership.


The Mitchell Prize Fund

ISBA maintains an endowment fund to support offering the periodic awarding of the Mitchell Prize for a Bayesian analysis of an important applied problem. The fund was initiated by donations from Tobey's many friends and colleagues at the Oak Ridge National Laboratories, Duke U, Peter Rossi, Jerome Sacks, Microsoft Research, the Section on Bayesian Statistical Science of the ASA, U California at Los Angeles and Donald Ylvisaker.

Donations to maintain and increase the fund may be given by secure on-line transaction when joining or renewing ISBA membership.


The Savage Prize Fund

ISBA maintains an endowment fund to support offering the periodic awarding of the Savage Award for outstanding doctoral dissertations in Bayesian statistics. The Savage Award was funded initially from royalties due to the authors and editors of a series of books produced over a number of years under the auspices of the Seminar on Bayesian Inference in Econometrics.

Donations to maintain and increase the fund may be given by secure on-line transaction when joining or renewing ISBA membership.


The Thomas Bayes Tomb Maintenance Fund

ISBA maintains a small fund, replenished by member donations, devoted towards continuing the upkeep of the tomb of the Reverand Thomas Bayes, namesake of ISBA, into the future. Initial contributions to the fund were from BEST (Bayesian Efficient Strategic Trading) LLC of Hoboken, NJ, after an introduction by ISBA. Donations to maintain and increase the fund may be given by secure on-line transaction when joining or renewing ISBA membership.

The Graduate Award Fund

ISBA maintains a fund devoted towards defraying some of the expenses for some graduate students or young researchers so that they can participate in an ISBA World Meeting or a Valencia meeting. Funds are not restricted to individuals from developing countries. They are increased through the securing of conference-specific grants from philanthropic or government agencies (past contributors have included NSF, NIH, EuroStat, and others). Individual contributions may be given by secure on-line transaction when joining or renewing ISBA membership..