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Message From Director
 It's time! The equipment leasing and finance industry has undergone seismic shifts in recent years, and the Foundation is ready to help bring understanding and planning for the future. For the first time ever, a study determining the depth and breadth of the equipment finance market is being commissioned along with a separate study on the motivations and key influencing factors behind capital acquisitions in businesses of all sizes. Both studies, available this summer, will help lead the way to making better and more strategic decisions among industry members Ð the cornerstone of our research mission. And (if you haven't heard!), we are 100% donor supported, so your contributions help make these projects – growing ever important in the changing landscape – robust and relevant. Thank you donors!
Lisa A. Levine, CAE
Executive Director
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| Michael Leichtling and Madelyn Law Given "Excellence in Leasing" Award
 Active Foundation leaders, Michael Leichtling of Troutman Sanders LLP and Lyn Law of Dell Financial Service, were bestowed the annual "Excellence in Leasing" award for their outstanding contributions and service to the industry in the field of equipment leasing and finance law. The award was presented at the May ELFA Legal Forum.
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| New Study Tackles: How Big is Equipment Finance Ð Really!
Over the last few years, the equipment leasing and finance industry has evolved from being equipment leasing-centric to offering full-service capital finance. In line with this seismic shift, the Foundation has recognized the need for all industry members to better understand the market they operating in Ð from its actual size to customer behaviors and motivations. This summer two monumental studies will be delivered to address these issues: a study focused on the market size of the equipment finance industry and a study on end user's propensity to finance equipment (beyond leasing).
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| Foundation Launches New Content Ð And Look Ð on Web Site
Due to growing demand for Foundation research, the organization's Web site has been revised and retooled to better serve the industry. The new site, launched earlier this month, showcases more industry research, including executive summaries of studies and tables of content for various studies that are available.
"In order to better serve our constituency, we decided to post certain portions of the Foundation's research directly on the site," said Lisa Levine, "This makes the Foundation site more user-friendly and useful. Today, the site doesn't just offer the ability to gain access to our research, but rather provides more direct access to findings."
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| Study on Outsourcing Approved; Online Survey in Field
A new study, recently approved by the Foundation, will look at how companies in the equipment leasing and finance business can and do enhance their capabilities and performance by outsourcing business processes. If you have received the online survey, one part of the study's data collection activity, the researchers look forward to your response. (One online survey was sent to each ELFA member finance company).
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| Jumping on the Bandwagon: Foundation Donations Pay Dividends
The Foundation, 100 percent donor supported, has enjoyed growing success in the area of fundraising. But, as the awareness of the industry's place in the U.S. economy rises, so does the need for more and deeper research to help guide the way into taking advantage of the opportunities that are growing and changing with the industry's trajectory.
The Foundation, with more new and pending projects than any time in its 18 year history, has set the bar even higher for donations this year.
"Donors are really participants in the Foundation's projects. They are investors," said Leichtling. "By giving, they are making the Foundation's work possible, which is the only source of unbiased, intellectually honest analysis on this industry."
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| Mark Bazrod Winner of Journal's "Article of the Year" Award
 The Foundation recently announced Mark S. Bazrod, President of LPI Software Funding Group, is the recipient of the 2006 "Article of the Year" award. The Journal of Equipment Lease Financing award, presented annually, is based on secret ballots of the members of the Journal's Editorial Review Board. Eligible articles include those published in the Winter, Spring and Fall 2006 issues of the Journal and exclude commissioned articles.
For a copy of the winning article, "Puncturing the 15 Myths of Software Leasing" published in the Fall 2006 issue, visit: http://www.leasefoundation.org/jelf/ The article explores the 15 ways software leasing is often misunderstood and includes thoughts about why a lessor should consider entering the software leasing marketplace.
The Foundation publishes the Journal three times per year. Subscriptions are available through the Foundation website, www.LeaseFoundation.org
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| Quick Poll
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| Foundation Happenings
The Foundation and ELFA offices will move on June 29, 2007. Watch for the announcement and new contact information.
The Foundation seeks research study ideas on an ongoing basis. Information on research ideas and the application process can be found online at http://www.leasefoundation.org/Work/
The Foundation Board will meet several more times in 2007, including September 21, and November 14-15.
The Journal of Equipment Lease Financing's Editorial Review Board is seeking topics of interest. For information, please visit http://www.leasefoundation.org/JELF/
Donations to the Foundation may be made online! Visit www.leasefoundation.org/Donate/ to make your donation today.
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| Did You Know?
According to the Gartner Group, a leading industry analyst, the application of fully electronic processing to automate currently manually-intensive business processes is growing at a compounded annual growth rate of 40-45%. While a large part of this growth has occurred in government, the most rapid growth is in financial services. (Source: "Paperless Transactions: The Competitive Edge" Research Report by the Equipment Leasing and Finance Foundation)
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