The Baltic Studies Fund (BSF) is an endowment fund created to ensure the future well-being of AABS. Contributions, bequests and gifts to AABS may be credited to the Baltic Studies Fund endowment. Income generated by the Fund is used for the benefit of the Association as directed by the AABS Board. While the BSF is currently being treated as a board-designated endowment fund and AABS has no current plans or intentions to change this, the Board of Directors reserves the right to use BSF funds at their discretion. The endowment fund is managed by the Investment Committee, which is appointed by the AABS Board of Directors.