Coast Guard Foundation Honors Lockheed Martin
- By Coast Guard Foundation
- Published 12/21/2009
- News
Coast Guard Foundation
The Coast Guard Foundation is a 501(c)(3) non-profit organization founded in 1969. It was initially created to provide funds for academic, athletic, and morale needs of the Coast Guard Academy and its cadets which were not covered by federal operational funding. In 1986, the Foundation expanded its charter to support projects that enhance the education, welfare and morale of all Coast Guard members and their families. The Foundation is governed by a Board of 100 Trustees from all parts of the country. The Trustees elect from their members a 30 person Board of Directors to oversee the management of the Foundation. Located in Stonington, Connecticut, the Foundation employs a staff of ten civilians responsible for meeting the Foundation’s objectives and working closely with the Coast Guard on all issues.
The Coast Guard Foundation, a non-profit organization committed to the education, welfare and morale of all Coast Guard members and their families, announced today that it recognized Lockheed Martin Corporation as its largest corporate donor.
Honored for lifetime gifts exceeding two million dollars, the Foundation presented the award to Fred P. Moosally, Coast Guard Foundation trustee and president of Lockheed Martin’s Maritime Systems and Sensors (MS2) business unit, at the company’s Washington, D.C. offices. Lockheed Martin’s support is used by the Foundation to fund important projects and programs that seek to improve the lives and performance of Coast Guard members, their families and Coast Guard Academy cadets, including college scholarships for children, as well as grants for enlisted members.
“The Coast Guard Foundation is grateful to all of our donors, corporate, individual, large and small who contribute to the work we do,” said Anne Brengle, president of the Coast Guard Foundation. “Lockheed Martin’s corporate support and philanthropy are the cornerstones of the success the Coast Guard Foundation has achieved and made many programs and projects for our maritime guardians and their families possible.”
“Lockheed Martin is honored to support the important work the Coast Guard Foundation does in support of the United States Coast Guard and their families,” said Mr. Moosally. “We feel strongly it is our responsibility to give back to those who give as much to protect this country as the dedicated men and women of the Coast Guard.”In honor of the Coast Guard Foundation’s 40th anniversary, the organization recognized the contributions of its Directors and Trustees at its Annual Meeting in St. Petersburg, Florida in November, 2009. The Foundation also thanked its top public corporations that have representatives on its board, and extended gratitude to individual directors and trustees who have made personal significant lifetime, cumulative gifts.
For more information on the Coast Guard Foundation’s awards for top donors, the Coast Guard Foundation or to help support its work, please visit the Coast Guard Foundation website www.coastguardfoundation.org.
