The National Auctioneers Foundation was born in the 1980’s to provide NAA members the opportunity to support NAA educational programs through tax-deductible donations. As the Foundation has evolved through the years, it has become more than a 501(c)3. The Foundation is a professional support entity capable of assisting NAA with sizable investment dollars to underwrite auction education.
I vividly remember serving as President of the National Auctioneers Association in 2006-2007. I went to the Foundation and asked if they could help support the association to manage the debt reduction on the headquarters renovation, to retire the mortgage in a more timely fashion. The leadership of the Foundation was more than willing to give NAA that support. Thanks to the Foundation, NAA retired the headquarters renovation mortgage in half the time of the note payoff schedule.
In recent years the “Pass It Forward” exercise has become very popular, to not only give members the opportunity to make Foundation donations, but to be recognized for it. Through the generous donations of NAA members and a very prosperous, robust economy, we now have a significant investment portfolio, that gives the Foundation the opportunity to support speakers at Conference and Show. Also, the Foundation now has the financial capability to make sizable capital investments to aid the NAA in navigating through the Covid-19 pandemic.
Foundation leadership is made up of NAA leaders and some of the most successful auctioneers in the auction industry.
In summary, I thank the many donors to the National Auctioneers Foundation. Your support and enthusiasm have been invaluable during this last year.
—William L. Sheridan, CAI, AARE, GPPA, Foundation Treasurer 2020-2021