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Home The Pulse Supplier News

ASF’s Note on Founder’s Passing

Rachel Zabonick-Chonko by Rachel Zabonick-Chonko
September 1, 2016
in Supplier News, The Pulse
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The following is a note from ASF on their recent founder’s passing. Club Solutions and the industry shares its condolences. 

It is with great sadness that we announce the passing of Richard Reed on August 26, 2016. 

Screen Shot 2016-09-01 at 4.06.04 PMMr. Reed was a pioneer in the martial arts and fitness industries. He was the co-founder of American Tae Kwon Do Association (ATA) and founder of ASF Payment Solutions. 

In retirement he started the Richard R. Reed Foundation, which is a private foundation that focuses on presenting grants to other non-profits that promote science and reason, as well as to help children and animals in need. The foundation is privately funded and does not seek donations from the general public.

His lifetime achievements and legacy will live on in both the ATA and ASF Payment Solutions, as these organizations were his lifelong dreams.

Richard Reed had a tremendous influence on thousands of lives during his lifetime and will be truly missed, but will always be remembered.

“Achievement comes through ideas followed through with action.” — Richard Reed

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Rachel Zabonick-Chonko
Rachel Zabonick-Chonko

Rachel Zabonick-Chonko is the editor-in-chief of Club Solutions Magazine. She can be reached at rachel@peakemedia.com.

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Rachel Zabonick-Chonko

Rachel Zabonick-Chonko

Rachel Zabonick-Chonko is the editor-in-chief of Club Solutions Magazine. She can be reached at rachel@peakemedia.com.

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© 2026 Club Solutions Magazine. Published by Peake Media.