How to make an Asynchronous Method return a value?

There are a few ways of doing that... the simplest is to have the async method also do the follow-on operation. Another popular approach is to pass in a callback, i.e.

void RunFooAsync(..., Action<bool> callback) {
     // do some stuff
     bool result = ...

     if(callback != null) callback(result);
}

Another approach would be to raise an event (with the result in the event-args data) when the async operation is complete.

Also, if you are using the TPL, you can use ContinueWith:

Task<bool> outerTask = ...;
outerTask.ContinueWith(task =>
{
    bool result = task.Result;
    // do something with that
});

From C# 5.0, you can specify the method as

public async Task<bool> doAsyncOperation()
{
    // do work
    return true;
}

bool result = await doAsyncOperation();