Coast Guard Foundation Inc

Organization Overview

Coast Guard Foundation Inc is located in Stonington, CT. The organization was established in 1986. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Coast Guard Foundation Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coast Guard Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Coast Guard Foundation Inc generated $10.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Coast Guard Foundation Inc has awarded 72 individual grants totaling $18,104,451. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE COAST GUARD FOUNDATION PARTNERS WITH THE COAST GUARD TO PROVIDE RESOURCES TO MEMBERS AND FAMILIES THAT BUILD RESILIENCE AND STRENGTHEN THE ENTIRE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT TO MEMBERS OF THE UNITED STATES COAST GUARD:THE COAST GUARD FOUNDATION'S SUPPORT FOR COAST GUARD MEMBERS ENHANCES THEIR MISSION READINESS AND RESILIENCE. THROUGH FITNESS AND RECREATION GEAR, WE PROMOTE MORALE AND WELLNESS INITIATIVES. THE COAST GUARD FOUNDATION PROVIDES EDUCATION AND WORKFORCE DEVELOPMENT ASSISTANCE TO MEMBERS PURSUING COLLEGE DEGREES OR PROFESSIONAL CERTIFICATIONS TO BETTER PREPARE THEM FOR THEIR ASSIGNED DUTIES AND SET THEM UP FOR FUTURE SUCCESS.


SUPPORT TO THE CORPS OF CADETS AT THE COAST GUARD ACADEMY:THE COAST GUARD FOUNDATION SUPPORTS THE COAST GUARD'S FUTURE OFFICER CORPS THROUGH LEADERSHIP DEVELOPMENT PROGRAMS, DIVERSITY AND INCLUSION INITIATIVES, ACADEMIC ENRICHMENT, AND ATHLETICS AND CLUB ACTIVITIES AT THE COAST GUARD ACADEMY.


SUPPORT TO COAST GUARD FAMILIES:THE COAST GUARD FOUNDATION PROVIDES GRANTS AND SCHOLARSHIPS FOR SPOUSES AND COLLEGE-AGE CHILDREN OF COAST GUARD MEMBERS. THE FOUNDATION UPGRADES THE COAST GUARD LOCATIONS AND FAMILY HOUSING AREAS WITH PROJECTS SUCH AS RECREATION FACILITIES. IN TIMES OF TRAGEDY, WHEN A COAST GUARD MEMBER DIES OR IS CRITICALLY INJURED WHILE ON ACTIVE DUTY, THE COAST GUARD FOUNDATION OFFERS COMFORT AND ASSISTANCE TO THE FAMILY AND FRIENDS OF THE FALLEN. IN TIMES OF EMERGENCIES AND NATURAL DISASTERS THE FOUNDATION STEPS IN TO RELIEVE THE IMMEDIATE NEEDS OF COAST GUARD FAMILIES. THE FALLEN HEROES SCHOLARSHIP PAYS THE COST OF A COLLEGE EDUCATION FOR THE CHILDREN OF A COAST GUARD MEMBER WHO IS KILLED IN THE LINE OF DUTY DURING AN OPERATIONAL MISHAP.


PUBLIC AWARENESS:THE COAST GUARD FOUNDATION SERVES AS A GOODWILL AMBASSADOR FOR THE UNITED STATES COAST GUARD BY MAKING THE PUBLIC AWARE OF THE BENEFITS OF A STRONG COAST GUARD. THROUGH A PUBLIC SERVICE ANNOUNCEMENT CAMPAIGN, THE FOUNDATION HIGHLIGHTS THE DEDICATION AND BRAVERY OF COAST GUARD CREWS. BY HONORING COAST GUARD MEMBERS AT EVENTS, SUCH AS TRIBUTE DINNERS, THE FOUNDATION SHOWCASES THE BRAVERY AND PERFORMANCE EXCELLENCE OF THE SERVICE.


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Financial Statements

Statement of Revenue
Federated campaigns$16,464
Membership dues$0
Fundraising events$1,450,280
Related organizations$0
Government grants $389,500
All other contributions, gifts, grants, and similar amounts not included above$7,748,675
Noncash contributions included in lines 1a–1f $815,187
Total Revenue from Contributions, Gifts, Grants & Similar$9,604,919
Total Program Service Revenue$0
Investment income $311,132
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $771,327
Net Income from Fundraising Events -$320,298
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,406,014

Grants Awarded

Over the last fiscal year, Coast Guard Foundation Inc has awarded $2,236,323 in support to 9 organizations.

Grant RecipientAmount

UNITED STATES COAST GUARD

PURPOSE: TO SUPPORT SHIPMATE FUNDS THROUGHOUT THE COAST GUARD

$1,366,418

US COAST GUARD CHIEF PETTY OFFICERS ASSOCIATION

Org PageRecipient Profile

Springfield, VA

PURPOSE: TO PROVIDE DISASTER ASSISTANCE AND EMERGENCY RELIEF TO COASTGUARDSMEN & WOMEN

$432,317

UNITED STATES COAST GUARD

PURPOSE: TO IMPROVE MORALE AND WELFARE OF COAST GUARDSMEN

$334,303

UNITED STATES COAST GUARD

PURPOSE: TO SUPPORT PUBLIC OUTREACH OPPORTUNITIES AT THE COAST GUARD ACADEMY AND DISTRICTS

$34,791

UNITED STATES COAST GUARD

PURPOSE: TO SUPPORT CHAPLAIN FAMILY INITIATIVES THROUGHOUT THE COAST GUARD

$25,000

UNITED STATES COAST GUARD

PURPOSE: TO ENHANCE THE ATHLETIC PROGRAMS AT THE COAST GUARD ACADEMY

$15,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Coast Guard Foundation Inc has recieved totaling $24,700.

Awarding OrganizationAmount
Worldscale Assoc Nyc Inc

New York, NY

PURPOSE: GENERAL SUPPORT

$10,000
Noel Foundation

Wilmington, DE

PURPOSE: MERIT SCHOLARSHIP FUND

$5,000
Jim Thompson Foundation

Dallas, TX

PURPOSE: ENSURE COAST GUARD MEMBERS HAVE RESOURCES THEY NEED

$2,500
Thomas E Rodgers Jr Foundation Inc

Miami, FL

PURPOSE: UNDESIGNATED

$2,500
Hull Family Foundation

Fort Lauderdale, FL

PURPOSE: TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE

$2,500
The Norman And Florence Brody Family Foundation Inc

Reisterstown, MD

PURPOSE: GENERAL SUPPORT

$1,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,045,528
Earnings$1,291,398
Net Contributions$1,775,203
Other Expense$760,133
Ending Balance$16,351,996

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