The Vernon L. Smith Experimental Economics Education Fund was created at the Alaska Community Foundation to promote understanding of human exchange systems through participatory experimental economics educational workshops, programs, and short courses. The Fund is the legacy of the International Foundation for Research in Experimental Economics (IFREE), which Vernon L. Smith founded in 1997. Professor Smith donated his Nobel Prize money to IFREE in 2002.


  • Recipients of grant funds must be tax-exempt organizations.
  • Funds are awarded for direct expenses associated with workshop programs.
  • Applications should include the following:
    • The name and position of the primary organizer
    • The purpose as it directly relates to the mission statement
    • Explanation of the process of participant selection
    • The proposed dates and location of the workshop
    • An itemized budget not to exceed $50K
    • Applications must be received at least 90 days prior to the commencement of the program
    • A brief report of expenditure of funds no later than 90 days after the workshop/program completion

To learn more about the International Foundation for Research in Experimental Economics (IFREE) follow the link below:


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