Aiming to foster and promote unity and harmony among volunteer fire departments throughout Indiana
At the Annual meeting in June of 1986, it was announced that the Bridgeport Volunteer Fire Department of Indianapolis, who, at that time was dissolving their corporation, had set up a Memorial Trust fund to be administered by the IVFA Board of Directors.
The fund was to be used for a Line of Duty Death Benefit of the survivor of a current IVFA member killed in the line of duty as a volunteer firefighter in the amount of Three Thousand Dollars ($3,000.00).
Also two Fifteen Hundred Dollar ($1,500.00) Scholarships were to be given to a child of a current member of the IVFA or the IVFAA. and presented annually.
Since this fund was established, the IVFA has added to it from the sale of IVFA License Plates and increased the number of scholarships from two to three scholarships annually.