BETHESDA, Md. (Nov. 30, 2016) — The aftermarket scholarship-funding vehicle Global Automotive Aftermarket Symposium Inc. (GAAS) is dissolving and donating its assets to the University of the Aftermarket Foundation, which will take over the nonprofit's functions.
“Because GAAS and the University of the Aftermarket Foundation share a similar mission, and the foundation has been the largest source of funds for aftermarket scholarships, it only made sense to join forces to achieve a common goal,” said Tim Lee, chairman of the University of the Aftermarket Foundation.
“By donating its net assets to the University of Aftermarket Foundation, the proud legacy of GAAS will continue on.
Established 20 years ago with the support of auto aftermarket veterans Mort Schwartz and the late Jack Creamer, GAAS was formed to raise funds for aftermarket scholarships and educational initiatives.