Capt. Jerome E. Levy established the Foundation in 1986 to honor the memory of his beloved mother.
The Foundation provides fellowships for U.S. college graduates to study in Israel. An eligible candidate must be a U.S. citizen under age 30 at the time of application and should have studied in the fields of military studies, economic geography, international relations, political science, or history. In addition, he or she must have career goals in the U.S. armed services; the U.S. diplomatic corps; or in international relations, government service or public service in the U.S. The Foundation strongly favors graduates of AF/N/ROTC programs or military colleges in awarding the fellowships.
Capt. Levy envisioned that the ASL fellowships could enhance and strengthen the unique relationship between the United States and Israel by establishing genuine understanding and communication between future leaders of the two countries. Capt. Levy served as chairman and treasurer of the Foundation until his death on 5 April 2002.
The Foundation is a New York not-for-profit corporation. It submits annual filings to the Charities Bureau of the New York State Office of the Attorney General.