USFAA Foundation receives grant.The United States Field Artilelry Associaiation Scholarship Foundation is pleased to announce it has received a dollar-for-dollar matching grant of up to $2,500 for new contributions to the USFAA USFAA - United States Federal Aviation Administration Foundation from the Lawton Lawton, city (1990 pop. 80,561), seat of Comanche co., SW Okla.; inc. 1901. It is a commercial and trade center for the surrounding cotton, wheat, and cattle area. Fort Sill is the largest local civilian employer. Lawton's industries include machining and the production of baked goods, meat, rubber products, apparel, and steel. Cameron Univ. and the Museum of the Great Plains are in the city. Nearby is a large limestone quarry and the Wichita Mts. Wildlife Refuge. Community Foundation, Lawton, Oklahoma. 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, 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, perpetuity Perpetuity A constant stream of identical cash flows with no end. The formula for determining the present value of a perpetuity is as follows:![]() Notes: This is not as abstract a concept as you may think the British issued bonds, called consols, are a great example of a perpetuity.">in perpetuity 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, such as employees' salaries, office space, utilities, and other administrative costs, 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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