Honoring Marines by Educating Their Children 2010 YEARBOOK Glue Zone “You are indeed contributing to the development of one of our nation’s most precious resources and to the future of our country.” —President John F. Kennedy to the Scholarship Foundation on the The nation’s oldest and largest occasion of the 1st Annual New York Leatherneck Ball, December 7, 1962 provider of need-based scholarships to military families Honoring Marines by Educating Their Children he Marine Corps Scholarship Foundation provides educational scholarships to sons and T daughters of Marines with particular attention given to children whose parents have been killed or wounded in action. It Began With One Student In 1962, Brigadier General Martin F. Rockmore USMC (Ret) read a New York Times article about a Medal of Honor recipient who could not afford to send his son to college. Inspired to honor this Marine, he and a few determined volunteers established the New York Leatherneck Ball which raised the funds for the Foundation’s very first scholarship. Since then, we have awarded 24,000 scholarships valued at $50 million. For the 2009-2010 academic year, we Mission and History 3 Our Corporate Champions 31 BGen Martin F. Rockmore USMC provided a record 1,405 scholarships. Founder An Urgent Call to Action 4 Our Students 32 American Patriots Campaign 8 Our Events and Volunteers 71 Message from the Commandant 13 Scholarship Index 76 Chairman’s and President’s Message 14 How You Can Help 82 New Scholarships 16 Board of Directors and Staff 83 Our Donors 23 Marine Corps Scholarship Foundation|www.mcsf.org 3 AN URGENT CALL TO ACTION 2009–2010 UNDERGRADUATE COSTS $39,028 $40,000 oday, the annual cost of a degree SCHOLARSHIP APPLICATION $35,000 from a public, four-year college GROWTH or university is $19,933. Compare $30,916 T $30,000 that to the Scholarship Foundation’s average annual family income of $46,400. 2000 That leaves our Marine families with few $25,000 1800 Note: Expense categories options for their children’s post-high are based on institutional $19,933 budgets for students as $20,000 school educations. Additionally, the 1600 reported by colleges and universities in the Annual unique challenges Marine families face— Survey of Colleges. They do not necessarily reflect 1400 $15,000 actual student expenditures. extended deployments and destabilizing Source: The College Board, moves that result in a loss of educational Annual Survey of Colleges. continuity—make the hurdles to higher 1200 $10,000 education particularly high. Given Other Expenses 1000 Transportation these challenges, and the rising costs 2002 2003 2004 2005 2006 2007 2008 2009 $5,000 Books and Supplies of education, it is not a surprise that Room and Board Tuition and Fees applications for our scholarships have 0 Public Public Private increased 55% since 2007. Four-Year Four-Year Not-for-Profit In-State Out-of-State Four-Year On-Campus On-Campus On-Campus The average household income of our scholarship recipients is $46,400. OUR STUDENTS The College Board estimates that the earning 2-Year 10% Vocational Tech 1% disparity between a high Other 4% school graduate and a college graduate is $800,000 over the course of a lifetime.* 4-Year Private 4-Year Public 28% * The College Board, Education Pays 2007: The Benefits 56% of Higher Education for Individuals and Society. Marines and family from 2d Light Armored Reconnaissance Battalion at a memorial service 4 2010 Yearbook Marine Corps Scholarship Foundation|www.mcsf.org 5 In Memoriam AN URGENT CALL TO ACTION Capt David “Hank” Spellacy Scholarship recipient, Michael Spellacy, was born the day after his father died in combat during Operation Desert Storm. Today, he and his siblings, Amy and Matt, are all pursuing college degrees with support from the Scholarship Foundation. As Matt explains, “If I didn’t have this scholarship, I wouldn’t be going to school right now.” The Scholarship Foundation proudly serves all Marines and their families, giving special attention to those children whose parent has been killed or wounded in action. In Memoriam SSgt Jorge A. Molina-Bautista Scholarship recipient, Jorge Molina, was just 12 years old when his father, Marine Staff Sergeant Jorge Molina-Bautista, was killed by hostile fire in Iraq. Jorge says, “I’ve had to learn how to take care of my family and be the man of the house; I must set an example for my two brothers.” Today, he is doing just that by pursuing criminal justice studies at Arizona State University. In Memoriam GySgt Darrell W. Boatman The town of North Topsail Beach, The sacrifices made by the men and women of the United States Marine North Carolina, renamed Marine Corps are well known. But what is less often seen are the many sacrifices Drive to GySgt D.W. Boatman Drive. His daughter, Lauren, received a made by their families. Their sons, daughters and other loved ones must Heroes Tribute Scholarship which contend with frequent, destabilizing moves — all while living with the provides up to $30,000 over four knowledge that their Marine might return with a life-changing disability years to every child of a Marine whose parent has been killed in combat since or never return at all. September 11, 2001. 6 2010 Yearbook Marine Corps Scholarship Foundation|www.mcsf.org 7 THE AMERICAN PATRIOTS CAMpaIGN 2007–2012 o meet the growing needs of educating Marine children, the Marine T Corps Scholarship Foundation launched the American Patriots Campaign to raise $50 million by our 50th anniversary in 2012. The campaign has the following mission-critical goals: ★ Increase our average scholarship award to $5,000 per year 2009 Foundation Net Assets (Unaudited) ★ Grow the Heroes Tribute Fund to provide up to $30,000 over four years to every child Unrestricted $7M Endowment of a Marine whose parent has been killed $16.7M in combat since September 11, 2001 Temporarily Restricted ★ Diversify the Scholarship Foundation’s $10.7M funding base to ensure educational opportunities for future generations of Marine families TOTAL: $34.4M THE AMERICAN PATRIOTS CAMPAIGN 50 $50 M Goal: $50 million Raised: $32 million 40 $32 M Record $2 million 30 gift made to the American Patriots 20 Campaign in 2009 10 Heroes Tribute Scholarships provide up to $30,000 to every child of a Marine, or Navy Corpsman serving 0 with the Marines, whose parent has been killed in combat since September 11, 2001. 8 2010 Yearbook Marine Corps Scholarship Foundation|www.mcsf.org 9 Senator John McCain Colonel (IL) James N. Pritzker Mr. Geoffrey L. Stack United States Senate (R-Arizona) IL ARNG (Ret) Managing Director CEO, Tawani Enterprises, Inc. SARES-REGIS Group American Patriots Campaign Leadership Cabinet Mr. David J. McIntyre, Jr. President and CEO Mr. Sol A. Raso Mr. Stephen M. Steppe TriWest Healthcare Alliance Managing Director Executive Managing Director Stockbridge Real Estate Funds Stockbridge Real Estate Funds Our successful campaign is directed by a Leadership Cabinet comprised of former Mr. Edward D. Miller Former President and CEO Mr. and Mrs. Burton “Skip” Sack Mr. Robert J. Stevens Commandants of the Marine Corps and luminaries from the worlds of business, AXA Financial, Inc. Sack Family Foundation Chairman, President and CEO Lockheed Martin Corporation entertainment and philanthropy. Mr. Robert S. Morrison Mr. Clarence Schawk and Former Vice Chairman, PepsiCo Mrs. Marilyn G. Schawk Mr. William H. Swanson Former President and Chairman and President Chairman of the Board and CEO CEO, The Quaker Oats Company Schawk Global Raytheon Company FORMER Commandants — UNITED States MARINE CORPS General William L. “Spider” Nyland Mr. William J. Schoen Mr. Fred A. Thomas USMC (Ret) Chairman of the Board Chairman and Founder Former Assistant Commandant Health Management Associates, Inc. Pinch-A-Penny Pool-Patio-Spa General Alfred M. Gray General James L. Jones, Jr. General Charles C. Krulak Fmr. Chairman, Marine Corps 29th Commandant 32nd Commandant 31st Commandant Scholarship Foundation Board of Mr. Charles C. Scianna Mr. Ronald A. Tyrpin Directors President, Sim-Tex, L.P. Vice President Wayne Hummer Wealth Management General Michael W. Hagee General Paul X. Kelley General Carl E. Mundy, Jr. Mr. Tom W. Selleck 33rd Commandant 28th Commandant 30th Commandant Mr. Lance O’Connor Executive Producer, Aéro Film Actor, Producer, Screenwriter Mr. Jon Voight Actor, Director, Producer, Screenwriter Lieutenant General Jeffrey W. Oster Mr. Frederick W. Smith USMC (Ret), Chairman Emeritus Chairman of the Board and CEO Senator John W. Warner, Jr. Marine Corps Scholarship Foundation FedEx Corporation United States Senate (R-Virginia) Mr. Robert F. Agostinelli Mr. Craig Chamberlin Mr. Walter P. Havenstein Co-Founder and Senior Managing President and CEO CEO, SAIC Mr. Robert L. Parkinson, Jr. Mr. Manning J. Smith III and Director, Rhône Group, LLC Marine Federal Credit Union President and CEO Mrs. Virginia Rowan Smith Mr. Michael K. Hayde Baxter International Inc. Secretary-Treasurer and Vice President Mr. James F. Albaugh Major General Andrew B. Davis CEO, Western National Group Henry M. Rowan Family President and CEO - Commercial USMC (Ret) Foundation, Inc. Airlines, The Boeing Company President, American Press Institute Mr. David D. Hiller President and CEO Ambassador George L. Argyros Mrs. Margaret B. Davis McCormick Foundation Chairman and CEO, Arnel & Affiliates President and CEO Former Ambassador to the Kingdom of Marine Corps Scholarship Foundation Ms. Linda Hudson Spain and Principality of Andorra COO, President, and CEO Mr. James M. Denny BAE Systems Inc. Mr. Gary J. Beban Former Vice Chairman Senior Executive Managing Director - Sears, Roebuck and Co. Mr. Nigel W. Jones Global Corporate Services Partner, TWJ Capital CB Richard Ellis Mr. Joseph Driscoll CEO, Lansmont Corporation Mr. Donald A. King, Jr. Mr. Robert K. Brooks and Former Vice Chairman Mrs.