The Louis V. Avioli Founders Award was first presented at the 2000 ASBMR Annual Meeting in Toronto, Canada. This award honors an ASBMR member for fundamental contributions to bone and mineral basic research. There is also a memorial lecture named in his honor at the ASBMR Annual Meeting. The award includes a $2,000 honorarium and a plaque which is presented after the Louis V. Avioli Memorial Lecture at the Annual Meeting.

Louis V. Avioli, M.D., ASBMR's first President, was one of the world's leading medical authorities on osteoporosis and calcium metabolism. He pioneered research into the skeleton and methods for detecting vitamin D in the blood, and identified bone loss as a potentially curable condition. Louis Avioli was a founding member of ASBMR. His research, like his commitment to the ASBMR, mentorship and friendship, has had a profound impact on the field. There is also a memorial lecture named in Louis Avioli's honor at the ASBMR Annual Meeting.