Funds Administered by ISBA

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. Donations to maintain and increase theses funds are needed and may be made by  clicking Contribute for any of the funds below. If you wish to make a contribution to more than one fund please use the combined donation page.  ISBA is a 501 3(C) non-profit organization and donations are tax-deductible to the fullest extent in the United States.


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.


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.


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.


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. ISBA and SBSS joined as co-sponsors of the prize in 1993.

The MJ Susie Bayarri Fund

ISBA is raising an endowment fund to support a named lecture in honor of lifetime member Susie Bayarri. The Susie Bayarri Lecture shall be delivered at the ISBA World Meetings by an outstanding young researcher under 35 years of age. In accordance with the ISBA bylaws, an endowment fund of 30,000 USD is required for establishing an ISBA Named Lecture.

The fund was started in November 2014 on initiative of Susie’s colleagues and friends, the Jim Berger’s family and the Duke Department of Statistical Science, who contributed with generous donations. 


The Bruno de Finetti Fund

ISBA is raising an endowment fund to support a named lecture in honor of Bruno de Finetti, who gave fundamental contributions to the foundation of Bayesian statistics. The Bruno de Finetti Lecture shall be delivered at the ISBA World Meetings by an outstanding scholar who has provided significant contributions to the advancement of Bayesian Statistics. In accordance with the ISBA bylaws, an endowment fund of 30,000 USD is required for establishing an ISBA Named Lecture.

On the occasion of the 30th anniversary of Bruno de Finetti’s death in 2015, the fund was started on initiative of many scholars to honor his influential work. Generous donations from Italian institutions are currently being finalized. 

The ISBA Lifetime Members Junior Researcher Award

ISBA maintains a fund devoted to supporting Junior Researchers (ISBA members who are graduate students or who received the PhD or equivalent degree within four years) so that they can participate in an ISBA World Meeting. The award recognises Life Members as significant contributors to, and supporters of, ISBA and their interests in assisting ISBA's junior members. Funds accrue from a fraction of the membership dues paid by ISBA's Lifetime Members. Awards are made by the Program Chair of the ISBA World Meeting.


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. 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).


The Pilar Iglesias 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 2009. We need additional funds to meet the goal of $20,000 and provide support for the next ISBA World Meeting! Please help us reach our target by clicking on the Contribute button to the right!


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.