USFAA Foundation receives grant.The United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Field Artilelry Associaiation Scholarship Foundation is pleased to announce it has received a dollar-for-dollar matching grant matching grant Academia Non-peer-reviewed funding in which a commercial enterprise, foundation, or philanthropy, federal government, contributes a sum of money that 'matches' a financial contribution made by an institution, university or hospital. of up to $2,500 for new contributions to the USFAA USFAA United States Federal Aviation Administration Foundation from the Lawton Community Foundation, Lawton, Oklahoma Lawton is a city in Comanche County, Oklahoma, United States. It is the principal city of the Lawton, Oklahoma Metropolitan Statistical Area. It is the county seat of Comanche CountyGR6. . The grant will be used to support scholarships for USFAA members and their immediate families. The new contributions must be completed by June 30, 2005. "We are so pleased to have received this grant," says MG(R) Lee Baxter Lee Baxter (born June 17, 1976) is a Swedish football player who currently plays for Landskrona BoIS. His father is Stuart Baxter. , President of the USFAA. "We just announced our endowment a few months ago, and with this matching grant from the Lawton Community Foundation, we will be able to reach our goal of helping our members and their families to attain the highest level of education and training much quicker." The scholarship fund is a permanent endowment fund, which means that the fund's principal is invested for long-term growth and the fund's income is used, in perpetuity Of endless duration; not subject to termination. The phrase in perpetuity is often used in the grant of an Easement to a utility company. in perpetuity adj. forever, as in one's right to keep the profits from the land in perpetuity. , to support the scholarship program. Unlike other charitable organizations, 100 percent of any tax-deductible donations goes directly to help deserving members. The entire fund's operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , such as employees' salaries, office space, utilities, and other administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. , are borne by the Field Artillery Association. The USFAA has been serving the Field Artillery Community since 1910. With more than 5,000 members worldwide, the purpose of the Association is to promote the Field Artillery; disseminate knowledge of military art and sciences with special attention to the role of the Field Artillery and fire support in warfare; and to foster and preserve the spirit and traditions of the Field Artillery. The Association has 78 active chapters worldwide as well as 111 Small Business and Corporate members. The Lawton Community Foundation was established in 1999 to support the charitable interests and concerns of the people of the Lawton community and surrounding areas. The Lawton Community Foundation's unique endowment structure ensures that Lawton's cultural, artistic, educational and charitable work will have a strong and lasting source of funding from which future generations will benefit. The Lawton Community Foundation is affiliated with the Oklahoma City Foundation, which has been serving central Oklahoma for 35 years. For more information on the Lawton Community Foundation, please visit the web site at http://occf.org/lawton/index.php. For more information on ways to give to and apply for scholarships from the United States Field Artillery Association Scholarship Foundation, contact Amy Ewing-Holmstrom at PO Box 33027, Fort Sill, Oklahoma, 73503, or call (866) 355-4677, and also by e-mail at amy@fieldartillery.org. |
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