The American Institute for Foreign Study, Inc. (AIFS) and its family of companies organizes cultural exchange programs throughout the world for more than 50,000 students each year and arranges insurance coverage for our own participants as well as participants of other organizations. The group, a privately owned U.S. corporation with wholly owned overseas subsidiaries, has annual revenues in excess of $130 million. Since our founding in 1964, more than a million students and teachers have participated in AIFS programs nationwide.