Dear Friends and Supporters,
Society donors are generous. In 2016, your charitable gifts to Navy-Marine Corps Relief Society totaled more than $17.9 million! Your support, and a $10 million withdrawal from our Reserve Fund, meant the Society was able to provide $45.1 million in interest free loans and grants to more than 56,000 active duty and retired Sailors, Marines, and their families. We never turn away a client in need and expect the Society’s financial assistance to be at similar levels this year.
2017 has been a year of financial challenges for Sea Service families and your Society. Evacuation and recovery from floods, wildfires, and Hurricanes Harvey, Irma, and Maria resulted in more than $1 million in disaster assistance for more than 1,700 clients. The collisions of USS Fitzgerald and USS McCain saw Society volunteers respond with quick action to ensure Sailors had access to free clothing, uniforms, and personal items as they departed their ships upon return to port.
The Society plays a role in our nation’s readiness. We provide a lifeline when service members face the unique financial challenges of military life, deployments, and Mother Nature. We provide sound budget counseling and access to community resources when preparing for marriage, children, and the end of life. We also save lives. But we cannot do it without your support, especially as we close out 2017.
As the Dow has hit record levels in recent months, this may be an attractive year to consider charitable gifts of stocks, mutual funds and other appropriate non-cash gifts. Establishing a charitable gift annuity with the Society may also be of interest if you:
- Want fixed payments for life that will not fluctuate.
- Have assets that would be advantageous to give away during your lifetime, such as cash or funds earning low interest rates, or appreciated securities.
- Want reduced current income taxes with an income tax
In 2018, we promise to keep you informed of how your support is making a difference for Sailors, Marines, and their families.
Best wishes for a joyous holiday season and a healthy and prosperous 2018.
Admiral Steve Abbot, U.S. Navy (Ret.)
President and Chief Executive Officer