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.