The Miles Value Foundation (MVF) was created in 1977 to promote and fund the development of educational programs, new applications, and a research library for the study of the Value Methodology (VM). VM includes the applications known as Value Analysis, Value Engineering, and Value Management.

The MVF accomplishes its mission by:

1. Promoting public awareness of the Value Methodology through publications, multimedia programs, and technology transfer programs

2. Offering practical and innovative applications of VM in business and government

3. Developing and teaching courses in the value principles and methodology at the undergraduate, graduate, and post-graduate levels

4. Encouraging professionals and students to undertake research and development of value-related applications and programs through scholarships and grants programs.