20 ANNUAL16 REPORT

17001_NRAF_AR.indd 1 4/10/17 6:18 PM SSAGE MEFROM THE PRESIDENT

is an honor to present to you The NRA Foundation’s Annual Report for 2016. Our sincere thanks go to you for your commitment to support The Foundation’s activities. A priority of the Foundation is ITits support of public educational programs across America, and working toward a healthy future for the shooting sports and our country’s traditions. To that end, grants awarded to qualified programs from The NRA Foundation totaled nearly $34 million in 2016 and now approach $335 million in funding through 42,000 grants in support of the shooting sports. Funds raised by Friends of NRA continue to provide resources for expansion, growth and development of eligible programs at the local, state and national levels. Each year, half of all net proceeds raised through the Friends of NRA program are allocated to fund projects within the state in which the money was raised. The other half funds similar projects with a national scope. NRA Ring of Freedom members also continue to put their donations where their heart is, whether it’s in the shooting sports, hunting and conservation, law enforcement training, or programs geared toward our next generation of patriots. All contributions make a direct impact on the future of freedom. The Foundation is proud of its role in funding support for thousands of eligible programs in communities across the country, and without you our success would not be possible. On behalf of The Foundation Board of Trustees, thank you for trusting our Board and staff ot fund programs and projects representing the very best that is the NRA.

James W. Porter II

President, Board of Trustees The NRA Foundation

2

NRA Foundation

17001_NRAF_AR.indd 2 4/10/17 6:18 PM TTER LEOF APPRECIATION

more than two decades, The NRA Foundation has served the needs of freedom-loving Americans across this great nation. Through your philanthropic leadership, we reached FORsignificant milestones in the history of The NRA Foundation in 2016 that highlight our efforts to preserve freedom for future generations of Americans. Your commitment to Teaching Freedom to our young Americans is clear. Your support this year, as reflected in this Annual Report, has given The NRA Foundation the necessary resources to:

n Provide life-saving messages to over 28 million school children through our Eddie Eagle GunSafe® Program n Expand and develop our competitions and training of coaches, law enforcement, instructors, women and youth n Support the development and improvement of ranges and shooting facilities across the country n Educate young people all across the country in firearm safety through their affiliations with organizations such as Boy Scouts of America, 4-H Clubs, and others that receive NRA Foundation grants n Award nearly $335 million in grant support to eligible programs and projects since its inception n Introduce more students to wildlife and conservation through art with the George Montgomery/NRA Youth Wildlife Art Contest

We are proud to Teach Freedom through programs that instill knowledge about America’s great history, build partnerships with leaders in your communities, and provide grants that are instrumental in funding programs that support our shared vision. Your leadership and extraordinary support of Freedom’s cause are making a huge difference in our commitment to promote this country’s treasured traditions and the Second Amendment. On behalf of the entire NRA Family, thank you for your dedication and for your generous contributions that keep America safe and free. I am honored to count on you as a friend and an inspiration in making these accomplishments a reality.

Wayne LaPierre

Executive Vice President, NRA Ex Officio Trustee, The NRA Foundation 3

NRA Foundation

17001_NRAF_AR.indd 4 4/10/17 6:19 PM FOUNDATION GRANTS

from The NRA Foundation provide essential program funding, ensuring the availability of quality training and educational opportunities nationwide. GRANTSThrough its grant support of eligible educational programs, The NRA Foundation carries out its important educational mission across the country. Each year, donors and volunteer Friends of NRA committees tirelessly raise charitable dollars that fund firearms and safety related public service programs in our communities, including firearms education, training and safety; competitive shooting; hunting and conservation; community outreach; range improvement projects; historical education; and general shooting programs. 4

2016 Annual Report

17001_NRAF_AR.indd 5 4/10/17 6:19 PM its first grant was awarded in 1992, The NRA Foundation has awarded nearly $335 million through more than 42,000 grants in support of eligible programs and projects across the country. The NRA SINCEFoundation grant program provides supplies, equipment and financial support to a variety of programs geared towards youth, women, law enforcement, veterans, disabled and the general public. The core focus of Foundation grants remains strong: Teach Freedom. The following pages reflect the many organizations and programs supported by NRA Foundation state fund grants in 2016 through funds raised by volunteer Friends of NRA committees. Take pride in the role you have played in these achievements as you review the grants made possible through extraordinary efforts of supporters and volunteers across the country.

Fairbanks Trap Club, Inc. Tri-State Shooting Park, Inc. Alabama $102,370 Farm Loop Christian Center, Inc. Tucson Rifle Club, Inc. 4-H Organizations and Clubs Fathers in the Field Young Marines Alabama 4-H Club Foundation, Inc. Friends of Birchwood Recreation and Yuma Young Guns

FOUNDATION Shooting Park GRANTS Calhoun County Choctaw County Juneau Gun Club, Inc., Juneau Trap Team Dale County Junior Reserve Officers’ Training Corps Arkansas $235,880 Escambia County (JROTC) 4-H Organizations and Clubs Etowah County Anchorage School District, Arkansas 4-H Foundation, Inc. Lee County Eagle River High School Arkansas Rifle & Pistol Association Marion County S.A.F.E Kodiak Island Sportsmen’s Association, Inc. Faulkner County Mobile County National Rifle Association of America Hempstead County Montgomery County Make A First™ Stone County Shelby County Youth Education Summit (Y.E.S.) Garland County 4-H Foundation, Inc. Winston County Nome Sportsman’s Association University of Arkansas Cooperative Alabama Alliance For Christian Education, Inc. Nome Winter Sports Association Extension Service Baldwin County Shooting Sports Association Nordic Journeys, Inc. Ashley County Bullseye Bandits Boy Scouts of America Nordic Skiing Association of Anchorage Baxter County Shooting Sports Black Warrior Council Parent Booster USA, Inc., Carroll County Greater Alabama Council Valley High School Shooting Sports Cleburne County Mobile Area Council Sitka Sportsman’s Association Franklin County City of Butler, Police Department Snowshoe Gun Club, Inc. Greene County City of Eufaula TWAW Shooting Chapters, Inc. Hot Spring County Shooting Sports City of Headland, Police Department University of Alaska Izard County City of Orange Beach Valdez Junior Rifle Club Lafayette County Dekalb County Sheriff’s Office Lawrence County Junior Reserve Officers’ Training Corps Logan County (JROTC) Arizona $237,220 Lonoke County Shooting Sports Baldwin County Public Schools 4-H Organizations and Clubs Madison County Shooting Sports Baldwin County High School Arizona 4-H Foundation Montgomery County Daphne High School Big Shots Pike County Daleville City Board of Education, Pursch Ridge Riders Poinsett County Daleville High School Arizona 4-H Youth Foundation Pope County Shooting Sports Magic City Gun Club, Inc. Santa Cruz County Pulaski County Marion Military Institute Foundation, Inc. American Legion, Post 97 Sebastian County Shooting Sports Morgan County Schools, Brewer High School Arizona State Rifle & Pistol Association Sevier County National Rifle Association of America Ben Avery Clay Busters Governing Board, Inc. Washington County Northwest Youth Education Summit (Y.E.S.) Ben Avery Clay Crushers, LLC Arkansas Sharp Shooters Winston County Sheriff’s Office Bird Busters of Payson, Inc. White County Boy Scouts of America Arkansas District Council, Royal Rangers Catalina Council Arkansas Rifle & Pistol Association Alaska $521,950 Cochise Gun Club Accuracy In Motion 4-H Organizations and Clubs Copper Cities Youth Basketball League Batesville High School Alaska 4-H Youth Development Explorer Post 181 Advisor Association Cave City Sharpshooters Programs, Inc. Globe-Miami Gun Club Lake Hamilton High School Trap Shooters Kodiak Hassayampa Rod & Gun Club Marion County Shooting Sports North Star Precision High Power Rifle & Pistol Club of Yuma, Inc. Perry County Shooting Sports University of Alaska, Borealis Bullseyes Junior Reserve Officers’ Training Corps Union County Youth Shooting Sports Alaska Gateway School District, (JROTC) Armorel Public Schools Tok High School Flowing Wells JROTC Association Big Lake Claybreakers Alaska Interior Marksmanship Committee Glendale Union School District, Boy Scouts of America Alaska On Target, Inc. Apollo High School DeSoto Area Council Alaska SCTP, Inc. Maricopa Unified School District Westark Area Council Alaska Youth Shooting Sports Association, Inc. Kingman Unified School District Clarksville-Johnson County Development Anchorage School District, Lake Havasu City Sportsman’s Club, Inc. Foundation, Inc. South Anchorage High School Mohave SCTP, Inc., Mohave Top Guns Gosnell School District Pirates Trap Team Bethel Sportsman’s Club Odyssey Big Shots Greenwood G-Force Trap Team 5 Boy Scouts of America Paralyzed Veterans of America Jonesboro Shooting Stars Trap Team Great Alaska Council Pima Pistol Club, Inc. Junior Reserve Officers’ Training Corps Delta Sportsman’s Association Prescott Trap & Skeet Club, Inc. (JROTC) NRA Fairbanks Alaska Shooters, Inc. Rio Salado Sportsman’s Club, Inc. Beebe School District Foundation Southern Arizona Firearms Educators, Inc.

17001_NRAF_AR.indd 6 4/10/17 6:19 PM 17001_NRAF_AR.indd 7 Gold CountryShooters ShootingTeamFresno State Foundation, Inc. Fresno Rifle&PistolClub Movement, Free Pentecostal Folsom ShootingClub Field ofDreams,Inc. Exeter Sportsmen’sAssociation Club Esparto CapayBooster Escondido Fish&GameAssociation,Inc. El Toro SeaCadets Battalion Dixon GameConservationClub Del OroParentsClub,HighSchool HighSchool ofConcord,Inc. De LaSalle County ofModoc,Sheriff’sOffice Corona Sportsmen’sClub,Inc. Coon CreekYouth SportingFoundation Police Department City ofBakersfield, Chowchilla Sportsmen’sClub,Inc. ChristianCenter Capital California Polytechnic University, State California JuniorClaybreakers ShootingSportsAssociation CALGUNS Bridge JuniorMission Inc. Break theBarriers, ScoutsofAmerica Boy Auburn SkiClubEducationFoundation Arrowhead Fish&GameConservationClub Apple Valley GunClub Angels GunClub,Inc. American Legion,Post 862 American Legion,Post 0111Sotoyome 4-H OrganizationsandClubs California University of Arkansas CommunityCollegeof University ofArkansas Thunder Valley ShootingClub Sulphur Rock MagnetSchool Russellville ShootingTeam Ozark Youth ShootingTeam, Inc. National RifleAssociationofAmerica Royal RangersOutpost145 LuisObispo San Hope Foundation, Inc. Veterans ofForeign Wars Departmentof Ventura CountyCouncil Southern SierraCouncil Silicon Valley Council MontereyBay Sequoia Council/CampChawanakee DiegoImperialCouncil San LukeEv.Saint LutheranChurch, Crew58 Redwood EmpireCouncil Pacific SkylineCouncil Orange CountyCouncil Long Beach AreaCouncil Greater Yosemite Council Golden EmpireCouncil Explorers Post 457 Exeter LionsClub,Troop 309 California InlandEmpireCouncil ScoutsofAmericaNationalCouncil Boy Regents oftheUniversityCalifornia Youth EducationSummit(Y.E.S.) Online HunterEducationProgram Make AFirst™ Program Eddie EagleGunSafe® Valley View School District Fort SmithPublicSchools, California, Troop 649 Northside HighSchool Western LosAngelesCountyCouncil Camp EmeraldBay Westside Roadrunners Leona Valley Racketteers Kern County $1,495,331 Junior ReserveOfficers’ Training Corps Humboldt Trap &SkeetClub High DesertJuniorShooters,Inc. Hat CreekRifle&PistolClub Association, HighBoosters Granite Bay Southern CaliforniaDistrict Rod&GunClub,Inc. South Bay Sonora UnionSchool District So CalTop Guns,Inc. Sierra DesertGunClub MariaValleySanta Sportsman’sAssociation LuciaSportmen’sAssociation,Inc. Santa ClaraValleySanta RifleClub,Inc. ClaraCountyPeace OfficersAssociation Santa LuisObispoSportsmen’s Association San Hunt DiegoJuniorPheasant San PistolLeague Sage FirstShootingAssociation Safety Club Roseville HighSchool Booster Regents oftheUniversityCalifornia Redwood PracticalShooters R DFaithFellowship Placer UnifiedHighSchool District, Perris UnionHighSchool District Paralyzed Veterans ofAmerica Pajaro Valley Rod&GunClub Pacific CoastHunterEducation Oakmont HighSchool ParentsClub,Inc. InstituteCollege Oakland Military CivilRightsDefenseFund NRA NorCal Longshots Nevada CountySportsmen,Inc. National Wild Turkey Federation, Inc. National RifleAssociationofAmerica Mother LodeGunClub Martinez GunClub CountyFish&Game Mariposa Lucerne Valley LionsClubFoundation, Inc. Tiger TrapLos Banos Team Sportsmen,Inc. Livermore Pleasanton Lincoln RifleClubandJuniorDivision,Inc. Lincoln Police ActivitiesLeague, Lemon GroveRod&GunClub Club Fish&GameHabitat Lake Isabella Kern ShootingSports (JROTC) HighSchool Granite Bay Colfax HighSchool Association, Inc. Preparatory Academy Protective Association Lincoln HighSchool Tulare County Barbara Santa Kings County Fresno County Youth Programs Youth HunterEducationChallenge® Youth EducationSummit(Y.E.S.) Refuse To BeAVictim® Online HunterEducationProgram Make AFirst™ Program Eddie EagleGunSafe® Day Brownells®/NRA Simi Valley UnifiedSchool District, UnifiedSchool District Sanger Palo Verde UnifiedSchool District Los AngelesUnifiedSchool District, Hemet UnifiedSchool District, UnifiedSchoolFontana District, Escondido UnionHighSchool District, Chaffey JointUnionHighSchool District Program (YHEC) Royal HighSchool Crenshaw HighSchool West Valley HighSchool Henry J.KaiserHighSchool Orange GlenHighSchool 4-H OrganizationsandClubs Colorado Taft UnionHighSchool Taft Sportsman’sClub Sutter UnionSchool District Summerville UnionSchool District Stockton Sportsmen’sClub,Inc. Southern Tulare CountySportmen’sAssociation Benevolent &ProtectiveOrderofElksthe Bears EarsSportsman’sClub,Inc. County Archuleta American Legion,Post 209 American Legion,Post 2 Tahoe-Truckee JointUnifiedSchool District, Boy ScoutsofAmerica Boy Yuba CitySchool District, Yolo Sportsmen’sAssociation Woodcreek HighSchool Timberwolf Boosters Wilderness UnlimitedFoundation Visalia Sportsmen’sAssociation TWAW ShootingChapters,Inc. Tulare CountyTrap Club Tulare CoDeputySheriffsBenevolentAssn Truckee SportShootersClub,Inc. The True Sportsman’sClub Department ofNaturalResources/ Denver Youth Trapshooting Corporation Denver PublicSchools, ManualHighSchool County ofRioGrande,Sheriff’sOffice Colorado Youth Trapshooters Tour City ofEnglewood Buffalo CreekGunClub,Inc. GVM, Inc.,GrandValley Marksmen Gunnison Sportsmen’sAssociation Four CornersRifle&PistolClub,Inc. Junior ReserveOfficers’ Training Corps Joe Foss Institute,Inc. High PlainsClayBusters Parents SupportOrganization USA, VenturingUSA, Crew888 North Tahoe HighSchool River Valley HighSchool Colorado ParksandWildlife Junior Rifle Team (JROTC) Larimer County4-Hand County ofMoffat,SilverSlingers University,Colorado State MoffatCounty Colorado 4-HFoundation, Inc. Pueblo County4-HFoundation, Inc. Meeker Colorado Stake Church ofJesus Meeker ColoradoStake Rocky Mountain Council Rocky Mountain Older Youth Foundation Christ of Latter-Day Saints, TroopChrist ofLatter-DaySaints, 201 Weld County Washington County Teller County Sharpshooters DunesDrifters Sand ParkShootingStars Pleasant Morgan County Montezuma County Logan County Las AnimasCounty County La Plata Jackson County Grand County Garfield County Fremont County Elbert County El PasoCounty Douglas County Chaffee County County Baca Arapahoe County $354,979

FOUNDATION Annual Report 2016 4/10/17 6:19PM 6 GRANTS Colorado Springs School District 11, Saint John’s County The Lighthouse, Royal Ranger Outpost 250 Doherty High School Walton County University of Florida Foundation, Inc. Denver Public Schools Washington County Abraham Lincoln High School Boy Scouts of America West High School Greater Tampa Bay Area Council Georgia $104,221 Pueblo School District 60, Centennial High Gulf Coast Council 4-H Organizations and Clubs School Gulf Ridge Council 86 Georgia Competitive Shooters, Inc. Thompson School District, Loveland High North Florida Council 87 Georgia Extension 4-H Foundation School Brevard County Schools, Rockledge High Emanuel County Extension La Junta Rifle Club School Fayette County Extension National Rifle Association of America Central Florida R & P Club Seminole County Eddie Eagle GunSafe® Program Edge For Educational Excellence, Inc. Toombs County Refuse To Be A Victim® First Baptist Church of Middleburg Ware County Youth Education Summit (Y.E.S.) Fort Myers Police Department Georgia Extension 4-H Foundation, Inc. Northern Colorado Junior Rams Explorer Post 55, Inc. Calhoun County Northern Colorado Rod & Gun Club, Inc. Friends of Williston Police Department, Inc. Candler County NRA Civil Rights Defense Fund Girl Scout Council of the Florida Decatur County Outdoor Buddies, Inc. Panhandle, Inc. Dodge County Pikes Peak Firearms Coalition, Inc. Hernando County Sheriff’s Office Grady County Rio Grande Sportsman’s Club, Inc. Junior Reserve Officers’ Training Corps Henry County FOUNDATION GRANTS Royal Gorge Gun & Pistol Club (JROTC) Johnson County Saguache County, Sheriff’s Office Baker County School District Lowndes County Summit Range Association, Inc. Bay District Schools, Meriwether County Teller County Shooting Society A. Crawford Mosley High School Montgomery County The Colorado Youth Outdoors Charitable Trust Brevard County Schools, Pickens County TWAW Shooting Chapters, Inc. Cocoa High School Pierce County Young Marines Charlotte County Public Schools Pulaski County Charlotte High School Spalding County Port Charlotte High School Telfair Extension Connecticut $52,276 Clay County Schools Terrell County Boy Scouts of America Fleming Island High School Towns County Connecticut Rivers Council Ridgeview High School Treutlen County Connecticut Yankee Council Hardee Senior High School Union County Connecticut State Rifle & Revolver Lee County School District Washington County Association, Inc. Ida S. Baker High School Worth County Elm City Gun Club, Inc. North Fort Myers High School Coastal Georgia Gun Club, Inc. Fairfield County Fish & Game Protective South Fort Myers High School Curtis Baptist Church, Inc. Association, Inc. Manatee County Public Schools, FFA (Future Farmers of America) Groton Sportsmen’s Club Braden River High School The Georgia Future Farmers of America High Rock Shooting Association, Inc. MSD JRTOC Booster Club, Inc., Foundation, Inc. Metacon Gun Club, Inc. Marjory Stoneman Douglas High School Independent Scholarship, Inc. National Rifle Association of America Palm Beach County School District Junior Reserve Officers’ Training Corps Eddie Eagle GunSafe® Program Atlantic Community High School (JROTC) Youth Hunter Education Challenge® Forest HIll Community High School Camden County Schools, Program (YHEC) Lake Worth High School Camden County High School Quaker Hill Rod & Gun Club Oxoboxo Pinellas County School Board, Henry County High School Town of Stratford Dixie M. Hollins High School Luella High School Polk Education Foundation, Stockbridge High School Summerlin Academy Upton-Lee High School Delaware $23,072 Saint Lucie County School Board, Walker County Board of Education, Fort Pierce Westwood High School Ridgeland High School Boy Scouts of America School Board of Broward County Del-Mar-Va Council Walton County Board of Education, Cooper City High School Monroe Area High School NRA Civil Rights Defense Fund Coral Glades HIgh School University of Delaware Ware County School School Board of Orange County, Lee County Board of Education, Dr. Phillips High School Lee County High School School District of DeSoto Florida $510,386 Seminole County Public Schools 4-H Organizations and Clubs Hagerty High School Hawaii $79,054 Florida 4-H Club Foundation, Inc. Lake Howell High School Camp Cloverleaf Seminole High School Baldwin High School Desoto County Suwannee County Board of Public Boy Scouts of America Highlands County Instruction, Suwannee High School Maui County Council Lake County Lee County School District, Hawaii Department of Education Manatee County Lehigh Senior High School Kailua High School Okaloosa County Lee County Sheriffs Youth Activities Kaiser High School Okeechobee County League, Inc. Island Pacific Academy, Inc. Osceola County National Rifle Association of America Island School Polk County 4-H Foundation, Inc. Eddie Eagle GunSafe® Program National Rifle Association of America University of Florida Range Technical Team Advisors (RTTA) Eddie Eagle GunSafe® Program Brevard County Training Make A First™ Hernando County Refuse To Be A Victim® Online Hunter Education Program Lake County Youth Education Summit (Y.E.S.) NRA Civil Rights Defense Fund 7 Levy County Safety and Firearms Education of Florida, Inc. Saint Louis School Madison County School Board of Broward County, TWAW Shooting Chapters, Inc. Miami-Dade County Northeast High School X Shots Shooting Club NRA Orange County School Board of Orange County, Foundation East River High School

17001_NRAF_AR.indd 8 4/10/17 6:19 PM 17001_NRAF_AR.indd 9 4-H OrganizationsandClubs Illinois Weiser Trap Club,Inc. Unified Sportsmen’sClub PonyThe Clubs,Inc. UnitedStates Snake RiverSportsmen,Inc. Skyline GunClub,Inc. ShoShone CountyPublicShootingRange,Inc. National RifleAssociationofAmerica Meridian OptimistYouth Training Center, Inc. McCall SkiRacingTeam, Inc. Lewis-Clark Wildlife Club,Inc. Kootenai Valley Rifle&PistolClub,Inc. Izaak Walton LeagueofAmerica University Idaho State Association,Inc., Idaho SCTP Fernan Rod&GunClub,Inc. District 4HighSchool RodeoAssociation Department ofFish&Game Council Rod&GunClub,Inc. Coeur d’Alene Skeet&Trap Club,Inc. Coeur d’Alene School District, City ofSandpoint Burley Trap Club,Inc. ScoutsofAmerica Boy CountyHistoricalSociety,Boundary Inc. CountySportsmen’sAssociation,Inc., Bonner GunClub,Inc. Boise 4-H OrganizationsandClubs Idaho Arlington InternationalAirgunClub,Inc. AmVets All FivesLimited Caldwell Chapter Buck Shots Boise Lake CityHighSchool JuniorRifleClub Sandpoint Champaign CountyExtensionEducation Youth EducationSummit(Y.E.S.) Range Technical Team Advisors (RTTA) Online HunterEducationProgram Snake RiverCouncil Jackson District Inland NorthwestCouncil611 Regents oftheUniversityIdaho Rock IslandCountyExtensionand Mclean CountyExtensionService Kendall County4-HFoundation, Inc. Coles CountyExtensionFoundation The Board ofTrusteesThe Board ofthe University ofIllinoisFoundation University ofIllinois,StephensonCounty Foundation Training 4-H EducationFoundation Foundation University ofIllinois Latah County Latah Cedar HillJuniorLeague Caribou County Canyon County Adams County White County Macoupin County Fulton County Champaign County Carroll County Henry/Mercer/Rock Island/ Henry/Mercer/Rock Winnebago McDonough County Mason County Williamson County Franklin County Stark Counties Stark $245,187 $541,315 Junior ReserveOfficers’ Training Corps Joe Foss Institute,Inc. Jo DaviessCounty Izaak Walton LeagueofAmerica,Inc. Illinois Women’s ShootingAssociation RifleAssociation Illinois State Illinois DepartmentofNaturalResources Illinois ConservationFoundation House ofPrayer Highland Pistol&RifleClub,Inc. Hamilton CountySchool DistrictUnit10 Golden EagleGunClub,Inc. Foosland Sportsman’sClub,Inc. FFA (FutureFarmersofAmerica) Fathers intheField TrapEHS Club Edgewood Scholastic Trap Team East DubuqueSchool UnitSchool Downers GroveSportsmen’sClub Decatur GunClub Foundation, Southern Create ASmileDental County ofKane,CourtSecurityDivision Community ArtsCouncilof City ofBraidwood Christian Fellowship InDuQuoin Central IllinoisPrecisionShooting Carmi Rifle&PistolClub,Inc. Carlinville ClayBusters Camp Ondessonk-CatholicYouth Camp YouthBrittany ShootingGroup ScoutsofAmerica Boy Blaze OrangeYoung SportingClub,Inc. Sportsmen’sAssociation Bi-State YouthAWRSC ShootingSports,Inc. Aurora Sportsmen’sClub National RifleAssociationofAmerica Mulberry GroveAcesTrap Team, NFP Milan RifleClub,Inc. Mike ArnoldMinistries Metro EastLutheranHighSchool Association Menard CountySportsman’sClub,Inc. Maywood Sportsmen’sClub,Inc. Marquette HighSchool UnitSchool District40 Marissa Marine CorpsLeague Lake Volunteers Association (JROTC) District No.119 Illinois Sportsman’sTrap Shooting Team County,Kankakee Inc. Polo CommunitySchool District222 Odin PublicSchool District722 Eastland CommunityUnitSchool Council WD Boyce Three FiresCouncil Northeast IowaCouncil Mississippi Valley Council Lincoln Trails Council Lewis &ClarkCouncil First UnitedMethodistChurch, Troop 476 Des PlainesValley Council147 Blackhawk AreaCouncil Refuse To BeAVictim® Range Technical Team Advisors(RTTA) Online HunterEducationProgram Make AFirst™ Adaptive ShootingProgram Zion-Benton Township School District126 Peoria Foundation, School District150 North ChicagoCommunityHighSchool National RTOC CadetsParentsAssociation Freeport School District145 Farmington R-7 School District, Aurora EastUnifiedSchool District131 District 308 Training Richwoods HighSchool Alan B.ShepardHighSchool 4-H OrganizationsandClubs Indiana Scales MoundCommunityUnitySchool Ford Sportsman’sClub Sandy Outreach Fund,NFP USA Safer Rockford PineTree PistolClub,Inc. Reveres Riders Red BudCommunityUnitSchool District132 Quail &UplandGameAlliance Plug andPellet Sportsman’sClub Pinckneyville ShootingSports,NFP Forever,Pheasants Inc. Peoria Skeet&Trap Club,Inc. Otto NewlinShootingRange,Inc. IllinoisClayCrushers,Inc. Okawville CivilRightsDefenseFund NRA Northbrook SportsClub State ofIllinoisDepartmentNatural State GunClub Star Sportsman’s ClubofLincoln,Illinois CommunityUnifiedSchool District140 Sparta Southern IllinoisYoung Guns Southern IllinoisLeadSlingin’Ladies Schuyler CountyShooters,NFP Veterans ofForeign Wars Post 2801, Venture Post Crew1220ofTioga 2149 VFW TWAW ShootingChapters,Inc. Tri-State HistoricalPresentations Trico CommunityUnitSchool District176 Tri CountyGunClub ofTrusteesThe Board oftheUniversityIllinois Steeleville CommunitySchool District138 RifleAssociation Stateline Youth ShootingSportsAssociation West CarrollDistrict314 Waterloo LeadHeads Waltonville Trap ShootingTeam, Inc. Village ofLakeVilla District 211 Resources, Eagle&Wolf Parks CreekState Ten RingClayBusters Vanderburgh County4-HCouncil,Inc. Trustees ofPurdueUniversity Purdue University Montgomery County4-HClub,Inc. Lawrence County4-HShootingSports 4-H ClubCorporationClarkCounty Venturing Crew1187 Youth EducationSummit(Y.E.S.) DeKalb County Cass County Wells County Vigo County Tipton County Shelby County Scott County Randolph County Putnam County LaGrange County Kosciusko County Johnson County Howard County Hendricks County Hancock County Hamilton County Grant County Elkhart County DeKalb County Carroll County Allen County Wayne CountySharpshooters Vermillion County Marshall County Greene County Fayette County $487,805

FOUNDATION Annual Report 2016 4/10/17 6:19PM 8 GRANTS 500 Flyers Youth Trap Shooting Club Chisholm Trail Antique Gun Association American Legion, Post 0147, Dubois County Iowa $131,643 Cystic Fibrosis Foundation Anderson Rifle & Pistol Club, Inc. 4-H Organizations and Clubs Department of the Army, Morale, Attica Consolidated School Corporation Iowa 4-H Foundation, Welfare & Recreation Auburn Conservation Club, Inc. Tama County Young Guns Fort Hays State University, Bishop Dwenger High School Iowa State University of Science and Shooting Sports Club Bishop Luers High School Technology, Marion County Garden City Trap Club, Inc. Boy Scouts of America Albia Community School District Geary County Fish & Game Association, Inc. Anthony Wayne Area Council BCLUW Shooting Sports, Inc. Junior Reserve Officers’ Training Corps Buffalo Trace Council Better Ponca Foundation, Inc., (JROTC) Calumet Council 152 Ponca State Park Leavenworth High School Crossroads of America Council Boy Scouts of America Shawnee Heights High School Hoosier Trails Council Northeast Iowa Council Topeka Public Schools, Lincoln Heritage Council Brooklyn-Gyerbset-Malcolm School District Topeka West High School Sagamore Council Camp Foster YMCA, Inc. Unified School District 405, Saint Joseph Catholic Church, Troop 182 Cedar Falls Community School District Lyons High School Concordia Educational Association, Inc., Council Bluffs Community School District, Kansas Hunter Education Instructors Concordia Lutheran High School Abraham Lincoln High School Association, Inc. Culver Educational Foundation FFA (Future Farmers of America) Kansas State University Danville Conservation Club, Inc. Eldora-New Providence Community Rolling Prairie Shooting Sports FOUNDATION GRANTS DePauw University School District, South Hardin Straight Shooters Friends of Hoosier Gunswingers Fort Madison Community School District Wichita County Extension Council Hoosier Hills Rifle & Pistol Club, Inc. Humboldt High School Wildcat Trap Club Kansas Trap Shooting Association, Inc. Indian Creek Youth Shooting Iowa City Westside Trap Club National Rifle Association of America Indiana Regular Baptist Youth Camps, Inc., Iowa State University, Adams County Youth Education Summit (Y.E.S.) Twin Lakes Camp Iowa Trappers Association, Inc. Northeast Kansas Youth Hunter Education Indiana Youth Shooting Sports Foundation, Inc. Izaak Walton League of America, Inc. Challenge Association Izaak Walton League of America, Inc. Mount Pleasant Community Schools, Pratt Community College Junior Reserve Officers’ Training Corps Mount Pleasant High School South Central Kansas Youth Hunter (JROTC) National Rifle Association of America Education Challenge Anderson Community School Corporation Make A First™ Sporting Friends of Cowley County, Inc. Bloomfield School District North Iowa Community School District Sterling Unified School District 376 Hobart High School North Iowa Ringnecks Shooting Sports,, Inc. Sumner County Shooting Sports Club Marion High School North Mahaska Community School District Sunflower Resource Conservation and New Albany-Floyd County NRA Civil Rights Defense Fund Development Area, Inc. Consolidated Schools Osage Community School District The Kinsley Gun Club, Inc. Floyd Central High School Ottumwa Community School District Wellington Unified School District 353 New Albany High School Pella Shooters Club Kosko Dust Devils, LLC Saint Ansgar Community School District Leora Weare Post 173 Southeast Iowa Skeet Club Kentucky $221,197 Versailles American Legion 173 Target Brakers 4-H Organizations and Clubs Michigan City Rifle Club, Inc. Tri-State Public Range Association Adair County 4-H Council, Inc. Nappanee Conservation Club, Inc. Two Rivers Junior Pistol, SPP Breckinridge County 4-H Leaders Council/ National Rifle Association of America Ventura Booster Club, Inc. Outdoor Sports Club Make A First™ Walnut Ridge Baptist Church Calloway County 4-H Leaders Council, Inc. Online Hunter Education Program Waverly-Shell Rock Community School District Casey County 4-H Council, Inc. Refuse To Be A Victim® Hart County 4-H Council, Inc. Youth Education Summit (Y.E.S.) Kenton County 4-H Council, Inc. National Wild Turkey Federation, Inc. Kansas $169,543 Kentucky 4-H Foundation, Inc., North Adams Community Schools, 4-H Organizations and Clubs Muhlenberg County Bellmont High School County of Johnson, Mason County Cooperative Extension, NRA Civil Rights Defense Fund Agrigcultural Extension Council Educational District Old Trails Rifle & Pistol Club, Inc. Grant County Extension Office McCracken County 4-H Leaders Parkers Hillside Shooting Sports Kansas 4-H Foundation, Inc., Council, Inc. Pass It On Outdoor Mentors, Inc. Kansas 4-H Shooting Sports Robertson County Extension District Board Pike County Bird Hunters Club Kansas State University Scott County Extension District Board Purdue University, Anderson County 4-H Frontier District Simpson County 4-H Council Top Shots Shooting Sports Club Butler County University of Kentucky Rangers Shooting Club Cherokee County Boone County Red Brush Rifle Range, Inc. Clark County Bourbon County Reveres Riders Ellis County Bracken County Riley Conservation Club, Inc. Geary County Campbell County Cooperative Roachdale Gun Club, Inc. Lyon County Extension Saint Joe Valley Conservation Club Meade County Carroll County Scott County School District 2 Miami/Linn County Daviess County SE Fountain School Corporation, Osage County Fayette County Fountain Central High School Phillips/Rooks District Laurel County Shelbyville Boys Club, Inc. Sherman County Lewis County South Harrison Community School Corporation, Sumner County Lincoln County Croydon Central High School Western Heritage Montgomery County Switzerland County School Corporation K-State 4-H Youth Development Rowan County Target Busters Indiana Scholastic Bullmasters 4-H Shooting Sports Warren County 4-H Foundation, Inc. Tri-County School Corporation Jefferson County Ashland Independent School District, 9 Trustees of Purdue University Boy Scouts of America Paul G. Blazer High School Whitko Community School Corporation Jayhawk Area Council Blue Grass Sportmen’s League, Inc. Women Armed and Ready Association, Inc. Presbyterian Church USA, Troop 100 Boy Scouts of America X Count, Inc. NRA Cedar Vale High School Shooting Club Bluegrass Council Foundation YMCA of Greater Indianapolis

17001_NRAF_AR.indd 10 4/10/17 6:19 PM 17001_NRAF_AR.indd 11 Junior ReserveOfficers’ Training Corps Jackson Purchase GunClub Jackson Purchase ClayCrushers,Inc. ofEducation, Hardin CountyBoard ofEducation Graves CountyBoard Elizabethtown IndependentSchools, Department ofVeterans AffairsMedicalCenter, Community ChristianAcademy, Inc. Commonwealth ofKentucky, City ofWinchester ofEducation Christian CountyBoard Campbell CountyGame&Fish Lewis CountyPublicSchool District, League ofKentucky Sportsmen,Inc. Kentucky Rifle&PistolAssociation,Inc. State Kentucky DivisionUSNSCC (JROTC) North MiddleSchool Elizabethtown HighSchool Cincinnati-Fort Thomas Divisions Eastern Kentucky University Protective Association the FamilyCenter Locust Grove Baptist Church, TroopLocust GroveBaptist 369 Council Lincoln Heritage Dan BeardCouncil North LaurelHighSchool Martha LayneCollinsHighSchool Lewis CountyPublicSchool District Letcher CountyCentralHighSchool Harrison CountyHighSchool ofEducation Hardin CountyBoard Daviess CountyPublicSchools, ofEducation, CountyBoard Barren Apollo HighSchool CountyHighSchool Barren John HardinHighSchool Central HardinHighSchool University ofKentucky, ConferenceofCatholicBishops, United States Roman CatholicDioceseofCovington, School PTARineyville Elementary Owensboro Rifle&PistolClub,Inc. Northern Kentucky Scholastic Trap National RifleAssociationofAmerica ofEducation Marshall CountyBoard Licking RiverOutfitters,Inc. 4-H OrganizationsandClubs Louisiana Clark CountyExtensionBoard Lexington CatholicHighSchool Covington CatholicHighSchool Shooting Club,Inc. Youth Programs Youth EducationSummit(Y.E.S.) Online HunterEducationProgram Make AFirst™ Program Eddie EagleGunSafe® Louisiana 4-HFoundation Rouge4-HFoundation East Baton Morehouse 4-HFoundation Livingston Parish Lafourche Parish Jeff Davis Jackson Parish Grant Parish DeSoto Parish4-HFoundation Claiborne Parish Calcasieu Parish Parish Bossier Beauregard 4-HFoundation Ascension Parish Aim High Acadia Parish $398,369 Greater NewOrleansHunterChallenge Desoto Youth SportsmenTeam ScoutsofAmerica Boy Acadiana Youth HunterEducationClub,Inc. Junior ReserveOfficers’ Training Corps Louisiana HunterEducationInstructors Louisiana DistCouncil Lexlee’s Kids Lac Range National RifleAssociationofAmerica Organization (JROTC) Association, Inc. Louisiana State Universityand Louisiana State Southeast LouisianaCouncil Norwela Council Istrouma AreaCouncil Saint TammanySaint ParishSchool Board, Destrehan HighSchool Caddo ParishSchool Board Youth EducationSummit(Y.E.S.) Make AFirst™ Agricultural &Mechanical College Pearl RiverHighSchool West RougeParish Baton Webster 4-HFoundation Terrebonne Parish MaryParish Saint JamesParish4-HFoundation Saint Charles4-HFoundation Saint Parish Ouachita West Carroll Vernon Parish Natchitoches North CaddoHighSchool Fair ParkHighSchool ShreveHighSchool Captain 4-H Foundation

FOUNDATION 10 Annual Report 2016 4/10/17 6:19PM GRANTS Rapides Parish Sheriff’s Office Youth Programs Pine River Sportsman’s Club Rapides Pioneer Shooting Club Nenameseck Sportsmen’s Club, Inc. Richmond Sportman’s Club Saint Mary Parish Sheriff’s Office Nimrod League of Holden, Inc. Riverside Shooting Club, Inc. South Louisiana Youth Shooting Sports Northampton Revolver Club, Inc. Saint Joseph County Conservation Foundation, Inc. Old Sturbridge, Inc. and Sportsman’s Club, Inc. Tangipahoa Parish Sheriff’s Department Petersham Gun Club, Inc. Saint Mary’s Cathedral Terrebonne Parish Sheriff’s Department Quaboag Sportsmen’s Club Thumb Sportsman’s Club Junior Deputy YHEC Club Upper Peninsula Youth Shotgun Sports Winn Parish Sheriff’s Department Organization Michigan $203,260 Washtenaw Sportsman’s Club 4-H Organizations and Clubs Western Wayne County Conservation Maine $83,386 Michigan State University Association, Inc. Auburn Rifle Club Bay County Women’s Outdoor Sports Association, Inc. Capitol City Rifle & Pistol Club Iosco County YMCA of Greater Grand Rapids Cumberland Rifle & Pistol Club, Inc. Monroe County Maine Operation Game Thief Top Shots - Youth Marksmanship Club Monmouth Fish & Game Association, Inc. Van Buren Voyagers Minnesota $122,113 Pine Tree State Rifle & Pistol Association, Inc. B. & B.S. Gun Club 4-H Organizations and Clubs Pleasant River Fish & Game Conservation Bend of the River Conservation Club, Inc. Minnesota 4-H Foundation, Lyon County Association, Inc. Bentley Community Schools, Regents of the University of Minnesota FOUNDATION GRANTS Presque Isle Fish & Game Club, Inc. Scholastic Clay Target Skeet Team Dakota County Scarborough Fish & Game Association, Inc. Berrien County Sportsman’s Club Douglas County Sportmans Alliance of Maine, Inc. Birmingham Gun Club Kanabeck County Wilton Fish & Game Association Board of Education Monroe County Meeker County IDA TWP Dist 1 Mower County Boy Scouts of America Pine County Maryland $105,284 Antioch Lutheran Church, Troop 263 Redwood/Renville 4-H Organizations and Clubs Michigan Crossroads Council Albany Sportsman’s Club Charles County Extension Caledonia Sportsman’s Club Foundation Alden-Conger Public School Advisory Council, Inc. Capitol City Rifle Club Alexandria Area Youth Trap League, Inc. Maryland 4-H Club Foundation, Inc. Cedar Rod & Gun Club Educational Apple Valley High School Allegheny Foundation, Inc. Trap Shooting Club, Inc. Cecil Young Guns Cheboygan Shooting Sports Committee, Inc. Austin Public Schools, Austin High School Frederick County Chief Okemos Sportsman’s Club, Inc. Becker County Sportsman’s Club Howard County Chippewa County Shooting Association Belle Plaine Public Schools, Independent Anne Arundel County Fish & Game Davison Community Schools, School District 716, Belle Plaine High School Conservation Association, Inc. Davison High School Bemidji Area Shooters Association, Inc. Baltimore County Game & Fish Protective Dundee Community Schools, Big Lake Independent School District 727 Association, Inc. Dundee High School Boy Scouts of America Boonsboro Lions Foundation, Inc. Edwardsburg Conservation Club Northern Star Council Boy Scouts of America Fudd Dusters Shotgun Sporting Team Burnsville Blaze Trap Shooting Team Baltimore Area Council Gateway Sportsman’s Club Booster Club Del-Mar-Va Council Goodrich Area Schools Cannon Falls Independent School District 252 Laurel Highlands Council Grand Blanc Huntsman’s Club City of Saint Francis Mason Dixon Council Grand Rapids Rifle & Pistol Club Dakota County Gun Club, Inc. Fellowship of Christian Athletes Harper Creek Clay Target Club, Deer River Sportsmen’s Club, Inc. Genesee Valley Outdoor Learning Center, Inc. Harper Creek High School Delano Shooting Sports Izaak Walton League of America, Inc. Hillsdale College Fergus Falls High School Junior Reserve Officers’ Training Corps Howell Gun Club Trap Team Boosters, Inc. (JROTC) Huron Pointe Sportmen’s Association FFA (Future Farmers of America) Annapolis Navy Junior Reserve Officer Isabella County Sportsman’s Club Alden-Conger Public School Training Corps Booster Club Johannesburg-Lewiston Area Schools, Foley Public Schools Trap Team, Parent Booster USA, Inc. Johannesburg-Lewiston High School Foley High School Maryland State Rifle & Pistol Association, Inc. Junior Reserve Officers’ Training Corps Foley High School National Rifle Association of America (JROTC) Glenville-Emmons Public Schools, Make A First™ Public Schools of Calumet-Laurium- Glenville-Emmons High School Online Hunter Education Program Keweenaw, Calumet High School Hastings High School Trap Team Youth Education Summit (Y.E.S.) Lake Linden Hubbell Sportmen’s Hibbing Trap Club, Inc. National Wild Turkey Federation, Inc. Association, Inc. Hutch Tiger Trap, Inc. Saint Charles Sportsman’s Club, Inc. Linwood-Bay Sportsman’s Club Independent School District 2908 Washington College Livingston Gun Club, Inc. Brandon-Evansville Lowell High School SCTP Team Independent School District 32, Michigan Air Rifle Training Center Black Duck Public School/ Massachusetts $45,709 Michigan State University Blackduck Community Education Michigan Youth Hunter Education Challenge Independent School District 640, American Legion, Post 152 Monroe Pride Trap Team Wabasso High School Boy Scouts of America Multi-Lakes Conservation Association Independent School District 728, Cape Cod & Islands Council of Oakland County Rogers High School Mohegan Council National Rifle Association of America Itasca Gun Club Chicopee Sportsmen’s Club, Inc. Make A First™ Lakeview Public School District 2167 Fall River Rod & Gun Club, Inc. Refuse To Be A Victim® Lakeville South Trap Team Holliston Sportmen’s Association, Inc. Youth Education Summit (Y.E.S.) Lyon County Pheasants Forever Young Guns, Holyoke Revolver Club, Inc. North Macomb Sportsmen’s Club, Inc. Minnesota Clay Target League 11 Maspenock Rod & Gun Club, Inc. North Ottawa Rod & Gun Club Foundation Minneota Public School National Rifle Association of America Northland Sportsmen’s Club, Inc. Minnesota Clay Target Sports Eddie Eagle GunSafe® Program NRA Civil Rights Defense Fund Education and Training Center, Inc. NRA Refuse To Be A Victim® Paw Paw Conservation Club Minnesota Deer Hunters Association Foundation

17001_NRAF_AR.indd 12 4/10/17 6:19 PM 17001_NRAF_AR.indd 13 Cape GirardeauCountyGunClub ScoutsofAmerica Boy Arnold JuniorShooters,Inc. 4-H OrganizationsandClubs Missouri Junior ReserveOfficers’ Training Corps Joe Foss Institute,Inc. Desoto CountySchools City ofTupelo, Police Department ScoutsofAmerica Boy 4-H OrganizationsandClubs Mississippi Wounded Warriors GuideService,Inc. Wisconsin EvangelicalLutheranSynod Walker-Hackensack-Akeley HighSchool Watonwan Game&FishClub United NorthernSportsmen Totino-Grace HighSchool PaulOpen,Inc. South Saint South Koochiching RainyRiver Regents oftheUniversityMinnesota Pine IslandTrap Team Paralyzed Veterans ofAmerica New London-SpicerSchools, National RifleAssociationofAmerica South PanolaSchool District Rain DownMinistries Pascagoula ShootingClub,Inc. CivilRightsDefenseFund NRA National RifleAssociationofAmerica Lincoln CountySheriffOffice, Triad (JROTC) Wolves Trapshooting Independent School District363 New London-SpicerHighSchool Lewis &ClarkCouncil LouisAreaCouncil Greater Saint University ofMissouriCooperative University ofMissouri Newton County4-HShootingSports Missouri 4-HFoundation Henry CountyUniversityofMissouri County4-HYouthBoone Olive Branch HighSchool Lake CormorantHighSchool Yocona AreaCouncil Andrew Jackson Council Pearl RiverCounty4-HAdvisoryCouncil, Scott CountyLeadersCouncil CountyShootingSports Anoka Youth EducationSummit(Y.E.S.) Refuse To BeAVictim® Make AFirst™ Youth EducationSummit(Y.E.S.) Refuse To BeAVictim® Online HunterEducationProgram Make AFirst™ Picayune MemorialHighSchool Pearl RiverCentralHighSchool Club, MCJROTC Booster GHS Extension Service,CallawayCounty Outreach &ExtensionCouncil Development Program Hot Shots Gulfport HighSchool Pulaski County Polk County Perry County Macon County Lincoln County Gentry County Daviess County Cole County4-HFoundation $540,645 $87,804 Junior ReserveOfficers’ Training Corps School District Hillsboro R-III ClassicalChristianAcademy Heritage Hannibal-Lagrange University Gasconade CountyReorganizedSchool First AssemblyofGod FFA (FutureFarmersofAmerica) Exeter R-VISchool District Cross Trail Outfitters,Inc. City ofHannibal Carl JunctionR-1School District Montana Rifle&PistolAssociation Montana Missoula Trap &SkeetClub WildlifeManhattan Association Hell-Gate CivilianShootersAssociation Hamilton GunClub Great FallsShootingSportsComplex Friends oftheRedCliffShootingRange Denton Rod&GunClub Circle RifleClub Bridger BiathlonClub ScoutsofAmerica Boy 4-H OrganizationsandClubs Montana Warren CountySchool DistrictR3 University ofMissouri,HowellCounty ConferenceofCatholicBishops, United States Sunny Hill,Inc. School District R-II Spickard School DistrictR-3,CamdentonHighSchool Thomas theApostleParish Saint City,Pioneer GunClubofKansas Inc. Perry ChristianAcademy, Inc. Owensville GunClub TrapOsage Club CivilRightsDefenseFund NRA Northroad CommunityChurch Northern MissouriDistrict National RifleAssociationofAmerica Missouri Youth SportShootingAlliance Missouri Youth HunterEducation Missouri NationalGuardAssociation (JROTC) District R-2 Saint FrancisXavierSchool Saint Challenge, Inc. School DistrictR2HarrisonCounty School ,TroyLincoln CountyR-III DeKalb CountyReorganized Montana Council Montana Yellowstone County4-HCouncil 4-HFoundation, Inc. Montana Beaverhead County4-HFoundation Youth EducationSummit(Y.E.S.) Online HunterEducationProgram Program Eddie EagleGunSafe® Webb CityHighSchool Washington HighSchool Republic HighSchool School DistrictR-1 Teton County Stillwater SharpshootersClub Silver-Bow Ravalli County Powell County Park County Missoula County Madison/Jefferson County Madison Valley Liberty County Lewis &Clark Gallatin County Flathead County Broadwater County Bitterroot 4-HArchers $413,932 Better Ponca Foundation, Inc., Antelope CountyShootersClub 4-H OrganizationsandClubs Nebraska Trails EndRifle&PistolClub Roundup Sportsmen’sAssociation,Inc. Powell CountyShootingAssociation,Inc. CivilRightsDefenseFund NRA National RifleAssociationofAmerica Scholastic ClayTargetMontana Program Boy ScoutsofAmerica Boy 4-H OrganizationsandClubs Nevada Junior ReserveOfficers’ Training Corps Heartland PublicShootingPark Doniphan Trap Team, Inc. Creighton PreparatorySchool Concordia LutheranSchools ofOmaha,Inc. Central CatholicHighSchool Camp Witness BibleConferenceAssociation Board ofRegentsNevada System ofHigher Board County ofHumboldt,Humboldt Sheriff’s Comstock ClayBreakers,Inc. YouthCCGC Shotgun ShootingAcademy ScoutsofAmerica Boy Nebraska YouthNebraska ShootingSports Association,Inc. Habitat OneBox Nebraska GameandParksCommission Nebraska NCTA StudentSenate National RifleAssociationofAmerica Kearney AreaCommunityFoundation United States ConferenceofCatholicBishops, United States School District15,Litchfield HighSchool Papillion-LaVista Trap Team CivilRightsDefenseFund NRA Ponca State Park Ponca State (JROTC) Education, UniversityofNevada Search &Rescue Foundation, Inc. Marian HighSchool Nebraska 4-HFoundation Nebraska Youth EducationSummit(Y.E.S.) Online HunterEducationProgram Make AFirst™ Day Brownells®/NRA Wyoming Scholastic ClayTarget Program Schoastic ClaysTargetMontana Program General CouncilOnF&AoftheUnited Board ofRegentsNevada System ofHigher Board Overland Trails Council University ofNevada-RenoFoundation Storey County4-HShootingSports Nevada AreaCouncil Bellevue West HighSchool Youth HunterEducationChallenge® Youth EducationSummit(Y.E.S.) Make AFirst™ Methodist Church, Troop 158 Education, CarsonCityTarget Rippers AFJROTC Club Booster Program (YHEC) Western Nebraska Sioux County River’s EdgeOutdoorsmen Orange CrushShotgunClub Mullen Marksmen Lincoln ShootingStars Holt County Happy GoLucky County Boone White PineCounty County Reno Foundation/Eureka $216,523 $134,744

FOUNDATION 12 Annual Report 2016 4/10/17 6:19PM GRANTS Friends of Stillwater National Wildlife Refuge Busti Trap & Skeet Club, Inc. Joe Foss Institute, Inc. New Mexico $242,430 Camillus Sportsmen’s Club, Inc. Junior Reserve Officers’ Training Corps 10X Youth Shooting Club Camp Cherith of Western New York, Inc. (JROTC) 4-H Organizations and Clubs Carroll Rod & Gun Club, Inc. Douglas County School District New Mexico State University Cattaraugus-Little Valley Central School District Washoe County School District, Damonte Cibola County Celoron Rod & Gun Club, Inc. Ranch High School Colfax County Chemung County Rod & Gun Club, Inc. National Rifle Association of America Luna County Cornell Cooperative Extension Association of Make A First™ New Mexico State 4-H Office Oswego County Refuse To Be A Victim® Quay County Cornell Cooperative Extension Sullivan County Youth Education Summit (Y.E.S.) San Juan County County of Monroe, Sheriff’s Office Nevada Scholastic Clay Target Program Valencia County Cuba Rod & Gun Club, Inc. NRA Civil Rights Defense Fund Stanley Spurs Dewitt Fish & Game Club, Inc. Stillwater Firearms Association The New Mexico 4-H Dunham’s Bay Fish & Game Club, Inc. Washoe County School District, Youth Development Foundation Eatonbrook Rod & Gun Club, Inc. Robert McQueen High School De Baca County Erie County Federation of Dona Ana County Sportsmen’s Clubs, Inc. Grant County Franklinville Central School District New Hampshire $69,612 Lincoln County Franklinville Conservation Club, Inc. 4-H Organizations and Clubs Luna County Genesee Conservation League, Inc. FOUNDATION GRANTS New Hampshire 4-H Association, Chester Otero County Genesee Valley Rotary Camp, Inc. Junior Rifle & Archery League Club Boy Scouts of America Great Lot Sportsman’s Club American Legion, Post 31 Great Southwest Council Hague Fish & Game Club, Inc. Ammonoosuc Valley Fish & Game Club Bulls-Eye Foundations, Inc. Holland Central School District Campton-Thornton Firemen’s Association, Capitan Hi Power Shooting Club, Inc. Hudson Falls Fish & Game Club, Inc. Venturing Crew 58 Eddy County Shooting Range Association, Inc. Hudson Fish & Game Club, Inc. Carroll County Fish & Game Club Junior Reserve Officers’ Training Corps Iroquois Sportsman’s Club, Inc. Cheshire County Shooting Sports (JROTC) Junior Reserve Officers’ Training Corps Education Foundation Alamogordo Public Schools (JROTC) Goffstown Fish & Game Association Albuquerque Public Schools Syracuse City Schools, Fowler High School Pemigewasset Valley Fish & Game Club Highland High School Kalicoontie Rod & Gun Club, Inc. Pioneer Sportsmen, Inc. Volcano Vista High School Kinderhook Sportsmen’s Club, Inc. Sullivan County Sportsmen, Inc. Clovis Municipal Schools, Marbletown Sportsmen’s Club, Inc. Sunset Mountain Fish & Game Club, Inc. Clovis High School Metropolitan Rod & Gun Club, Inc. University of New Hampshire Foundation, Inc. Farmington Municipal Schools, Military History Society of Rochester University System of New Hampshire Farmington High School Mt. Morris Sportsman’s Club, Inc. Women’s Defense League of New Hampshire Gadsden High School Mt. Pleasant Sportsman’s Club, Inc. Los Alamos High School National Audubon Society, Inc. Los Lunas High School National Rifle Association of America New Jersey $61,729 Manzano High School Eddie Eagle GunSafe® Program Moriarty High School Make A First™ 4-H Organizations and Clubs Santa Fe High School Refuse To Be A Victim® Rutgers, the State University of New Jersey Manzano Mountain Gun Club Youth Education Summit (Y.E.S.) Hunterdon County National Rifle Association of America Youth Hunter Education Challenge® Hunterdon Deadeyes Make A First™ Program (YHEC) Monmouth County Youth Education Summit (Y.E.S.) Youth Programs Morris County New Mexico Shooting Sports Association, Inc. National Wild Turkey Federation, Inc. Ocean County, Bow Benders Northern Rio Grande Sportsmen’s Club Nedrow Sportmen’s Club, Inc. Atlantic County Federation of NRA Civil Rights Defense Fund New York State Department of Education, Sportsmen’s Clubs Ranger Heritage Foundation Ellicottville School District Boy Scouts of America Sacramento Camp and Conference Center, Inc. New York State Rifle & Pistol Association, Inc. Monmouth Council The Moriarty Rotary Foundation New York Youth Hunter Education Saint Mark’s of the Crossing, Village of Logan, Logan Gun Club Challenge Committee, Inc., Sullivan’s Venture Crew 357 Women’s Shooting Connection of New Mexico Sharpshooters YHEC Central Jersey Rifle & Pistol Club, Inc. Zia Rifle & Pistol Club of New Mexico Niagara County Federation of Citizens Range and Recreation Club of Conservation Clubs, Inc. Central New Jersey, Inc. North Forest Rod & Gun Club, Inc. Franklin Revolver & Rifle Association, Inc. New York $303,335 Northern Dutchess Rod & Gun Club, Inc. Junior Reserve Officers’ Training Corps NRA Civil Rights Defense Fund 4-H Organizations and Clubs (JROTC) Oneida Rifle Club, Inc. Cooperative Extension Association Sterling High School Orleans County Clay Crushers, Inc. in the State of New York Lion of Judah Assemblies of God Oxford Rod & Gun Club, Inc. Allegany County Pheasant Program Mullica Hill Rifle & Pistol Club Peterboro Conservation Club, Inc. American Legion, Post 113 National Rifle Association of America Pheasants Forever, Inc. American Legion, Post 904 Make A First™ Philmont Rod & Gun Club, Inc. Andrew E. Zimmer Association Youth Education Summit (Y.E.S.) Pine City Sportsmen’s Club, Inc. Baldwinsville Rod & Gun Club, Inc. NRA Civil Rights Defense Fund Pine Tree Rifle Club, Inc. Binghamton Rifle Club, Inc. Robertsville Volunteer Fire Company 1, Plattsburgh Rod & Gun Club, Inc. Black Lake Fish & Game Association, Inc. Venture Crew 85 Portville Conservation Club, Inc. Boy Scouts of America Salem County Sportsmen’s Club Putnam County Fish & Game Association, Inc. American Legion, Post 1758 Tenafly Rifle & Pistol Club, Inc. Randolph Rod & Gun, Inc. Manny Bacon, Venture Crew 1758 USA Youth Education In Shooting Sports, Richburg Rod & Gun Club, Inc. Baden-Powell Council Pine Belt Shooting Team Rockdale Rod & Gun Club, Inc. Hudson Valley Council 13 YMCA Camp Ralph S. Mason, Inc. Rockland Friends and Supporters of the United Longhouse Council Sportsmen’s Association of Rockland, Inc. Rip Van Winkle Council SAFE Seneca Waterways Council Scope, Inc. NRA Venture Crew 2700 Foundation South Side Rod & Gun Club, Inc.

17001_NRAF_AR.indd 14 4/10/17 6:19 PM 17001_NRAF_AR.indd 15 Cherokee CountySchool District Charlotte Rifle&PistolClub,Inc. ValleyCatawba Wildlife Club,Inc. Carolina Clays,Inc. Cabarrus CountySchools, Buccaneer GunClub,Inc. Brunscombe CountySchools, ScoutsofAmerica Boy Bertie EducationalFoundation, Inc. Ayden-Grifton Wildlife Team Arendell ParrottAcademy, Inc. American Legion CountySchools, Alexander TeamAlbemarle Homeschool HunterSafety 4-H OrganizationsandClubs North Carolina Western NewYork MaritimeCharterSchool Village ofWestfield, Police Department Village ofMonticello,Police Department Village ofLowville,Police Department Village ofHudsonFalls,Police Department Village ofCornwall-on-the-Hudson, Village ofBrewster, BrewsterPolice Department Trumansburg Fish&GameClub, Inc. Tri-Village Rod&GunClub,Inc. Town ofNewBerlin,Police Department Town ofFallsburg,Police Department Town ofEvans,Police Department Town ofCicero,Police Department The Tioga CountySportsmen’sAssociation,Inc. The Federated Sportsmen’sClubsof The BridgeportRod&GunClub,Inc. Inc. The Bar-20, Sullivan CountyConservationClub Central CabarrusHighSchool North BunscombeHighSchool CentralHighSchool Alexander Police Department Chenango County, NewYork, Inc. Murphy MiddleSchool Murphy HighSchool Andrews HighSchool Council Old NorthState Old Hickory Council Occoneechee Council Agape FaithChurch, Inc., Post 535 Post 440 Post 48 Post 16 Person CountyGovernment University North CarolinaState McDowell CountyGovernment County ofStokes County ofHaywood Venture Crew933 Wilson County Wayne County Super SharpShootingStars Mush4-H Sandy Pitt CountyMutual Pamlico County Nash 4-HSharpshooters Lenoir County Johnston County Hoke CountyHotshots Hiwassee Dam Harnett County Guilford County Graham County Farmville 4-HWildlife CompetitionTeam Davie County Chatham County Cooperative Extension

$458,785 Junior ReserveOfficers’ Training Corps Joe Foss Institute,Inc. Schools, Iredell-Statesville Iredell GunClub,Inc. Henderson CountyPublicSchools Haywood CountySchools Foundation, Inc. Haywood CountySchools Foundation, Halifax AcademyAChristianSchool, Inc. Greenville ChristianAcademy, Inc. Gray StoneEducationalFoundation, Inc., Graham CountyPublicSchools, FFA (FutureFarmersofAmerica) Elkin CitySchools, ElkinHighSchool Durham CountyWildlife Club Duplin CountySchools, Cross Trail Outfitters,Inc. City ofMorganton (JROTC) North IredellMiddleSchool Tuscola HighSchool Gray StoneDaySchool Robbinsville HighSchool ShootingSports East DuplinHighSchool Flat Rock MiddleSchool East HendersonHighSchool Apple Valley MiddleSchool Waynesville MiddleSchool Pisgah HighSchool Canton MiddleSportsman’sClub(HCSF) Bethel MiddleSchool Sportsman’sClub Union CountyPublicSchools, Swain CountyPublicSchools, Rutherford CountySchools, Providence GroveHighSchool FFA Alumni Parkwood HighSchool Nash-Rocky MountPublicSchools, Moore CountySchools, Montgomery CountySchools, Johnston CountyPublicSchools, Henderson CountyPublicSchools Harnett CountyPublicSchools, Guilford CountySchools, Future FarmersofAmericaState Davidson CountySchool District, Craven CountySchools, Bunker HillFFA AlumniAssociation Alamance-Burlington School System, Lee CountyPublicSchools, Harnett CountySchools, CountySchools, Catawba Carteret CountySchools, Brunswick County Schools, Avery CountySchools, Alamance BurlingtonSchool System, Forest HillsHighSchool Swain HighSchool East RutherfordHighSchool Southern NashHighSchool North MooreHighSchool East Montgomery Smithfield-Selma HighSchool Triton HighSchool Southern GuilfordHighSchool Associations &LocalChapter North DavidsonHighSchool West CravenHighSchool Southern AlamanceHighSchool Lee CountyHighSchool Harnett CentralHighSchool Bunker HillHighSchool West CarteretHighSchool South Brunswick HighSchool Avery CountyHighSchool Western AlamanceHighSchool West HendersonHighSchool North HendersonHighSchool 4-H OrganizationsandClubs North Dakota Montgomery CommunityCollegeFoundation, Lee CountyWildlife Club,Inc. Montgomery CountySchools, Moore CountyWildlife &Conservation North Stanly MiddleSchool PTA,North Stanly University North CarolinaState North CarolinaRifle&PistolAssociation National RifleAssociationofAmerica Pitt CountyPublicSchools, Shooters Pilot Mountain Outreach America,Inc. Northeast AcademyAChristianSchool Roanoke RapidsPublicSchools, Polk CountyGunClub,Inc. State of North Carolina, N.C. State University, ofNorthCarolina,N.C.State State Sir Walter GunClub,Inc Scholarship recipients GunClub,Inc. San-Lee KidsRutherfordCounty,Safe Inc. Rutherford CountySchools, ChaseHighSchool International Rotary Swain CountyPublicSchools, Town ofBiscoePolice Department, Wilson CountyPublicSchools, Whitney RifleClubandJuniorDivision Whitney RifleClub&JuniorDivision-CMP Wayne ChristianSchool, Inc. Union CountyPublicSchools Town ofWadesboro, Police Department YMCA ofNorthwestNorthCarolina YMCA Winston-Salem Forsyth CountySchools Inc., MontgomeryCountyCommunityCollege West MontgomeryHighSchool Club, Inc. Chicken HouseBandits D.H. ConleyHighSchool Roanoke RapidsGradedSchool District Franklin Sharpshooters Swain CountyMiddleSchool Explorer Post 158 James B.HuntHighSchool North Dakota State University, State North Dakota Regents of the University of Minnesota, Regents oftheUniversityMinnesota, Newton ConoverCitySchools, McDowell HighSchool Public Schools ofRobesonCounty, Stokes CountySchools, Wilkes CountySchools, Scott HogsedYouth Day Edgecombe County Youth EducationSummit(Y.E.S.) Program Eddie EagleGunSafe® University ofNorthCarolina,Charlotte University ofCalifornia,LosAngeles Academy Military United States CollegeofArtandDesign,Inc. Savannah University North CarolinaState East CarolinaUniversity University Appalachian State Parkwood MiddleSchool East UnionMiddleSchool Central AcademyofTechnology &Arts West Forsyth HighSchool Ronald W. ReaganHighSchool R.J. ReynoldsHighSchool East Forsyth HighSchool Nelson County Clay County Newton ConoverHighSchool Fairmont HighSchool South StokesHighSchool Wilkes CentralHighSchool

$123,591

FOUNDATION 14 Annual Report 2016 4/10/17 6:19PM GRANTS Ayr Rifles Sportman’s Club Auglaize Broken Timber Outdoor Education Center, LLC Bismarck-Mandan Rifle & Pistol Association Awesome Aimers Buckeye Outdoors Youth Education and Capital City Gun Club Butler County Shooting Center, Inc. County of Pierce School District, Champaign County Butler County Sportsmen Rifle & Pistol Club, Inc. Wolford High School Clermont County Cairo Sportsman’s Club, Inc. Dakota Marksmanship Foundation, Inc., Conservation Kids Centerburg Youth Shooting Sports, Inc. Buffalo Wildlife Club Darke County Claybusters Forks Rifle Club Defiance County Clyde Young Farmers Association Grand Forks Gun Club Delaware County Fairfield Sportsmen’s Association Horace Lutheran Church Fairfield County Farmers and Hunters Feeding the Hungry, Inc. Junior Reserve Officers’ Training Corps Franklin Aggies Fathers in the Field (JROTC) Guernsey County Fish & Game Club of Vienna, Inc. Farmington R-7 School District, Hocking County Fort Recovery Gun Club, Inc. Minot High School Hoppin’ n Trottin’ Friends of Medina Sharpshooters, Inc. Larimore Public School District 44 Lake County Young Guns Gallia County Gun Club Minot Area Youth Sportsman’s Club, Inc. Lorain County Great Trail Musketeers, Inc. Minot Rifle & Pistol Club Mercer County Grove City Church of the Nazarene, Missouri Valley Shooting Sports Association Middletown Sportsmen Grove City Christian School National Rifle Association of America Monroe County Historic Lyme Village Association Make A First™ Ohio 4-H National Hocking County Fish & Game Association FOUNDATION GRANTS Online Hunter Education Program Shooting Sports Team Institute of Electrical and Electronics Youth Education Summit (Y.E.S.) Putnam County Engineers, Inc. North Dakota State University Richland County Izaak Walton League of America, Inc. Marksmanship Club Sandusky County Junior Reserve Officers’ Training Corps Red River Regional Marksmanship Center, Inc. Shelby County - Hot Shots (JROTC) Red River Youth Trap Shooting Club Washington County Delaware City Schools, University of North Dakota Trap & Skeet Club Williams County Rutherford B. Hayes High School Americas Freedom Lodge Greenville NJROTC Boosters, Badin High School Greenville High School Ohio $566,574 Boy Scouts of America Leetonia Sportsman’s Club 4-H Organizations and Clubs Black Swamp Council/Camp Berry Leipsic Fishing & Hunting Association, Inc. Pickaway County 4-H Shooting Sports Great Trail Council Lima Sabres Shooting Association Program-HN, Pickaway County Greater Western Reserve Council Lorain County Sheriffs Auxiliary and The Ohio State University Muskingum Valley Council Training Academy 2 Hot 2 Trot Ohio River Valley Council Mahoning County Federation of Allen County Saint Mary of the Assumption Church, Sportsmen’s Clubs American Traditions Troop 75 Mercer County Sportsmen’s Association, Inc.

15

NRA Foundation

17001_NRAF_AR.indd 16 4/10/17 6:19 PM 17001_NRAF_AR.indd 17 4-H OrganizationsandClubs Oklahoma Zanesville RifleClub,Inc. Western OhioYouth Target Team Weslaco Sportsmen’sClub,Inc. Wauseon ofEducation Board Village ofRussellsPoint, Police Department Van Wert CountyOutdoorsmenAssociation,Inc. Urbana University Tusco RifleClub,Inc. The Village ofFayette,Police Department The UniversityofAkron University The OhioState The Fort HarmarRifleClub Sportsmen ofTomorrow, Inc. Southern OhioDog&Game of Ralph J.StolleCountrysideYMCA Orwell GunClub,Inc. Ohio Valley ChristianAssembly Ohio Rifle&PistolAssociation Ohio ProgressiveSportsman’sClub,Inc. North LawrenceFish&GameClub,Inc. National Whitetail DeerEducation National RifleAssociationofAmerica Narrow RoadCommunityChurch, Protective Association Warren County, Lebanon,Ohio GirlsTroopAmerican Heritage 1717 OH Oklahoma State University Oklahoma State Mahoning CountyOutdoorsmen Lucas CountySharpshooters Classic Clovers Online HunterEducationProgram Make AFirst™ Washita County Washington County Timberlake School Stephens County Seminole County Rogers County Roger MillsCounty County Pottawatomie Pontotoc County Pittsburg County Payne County Pawnee County County Ottawa Okfuskee County Murray County McIntosh County McIntosh County McClain County Marshall County Major County Love County Logan County Latimer County Kiowa County Kingfisher County Johnston County Jackson County Harper County Harmon County Greer CountyFriendsof4-H Grant County Grady County Garvin County Creek County Cleveland County Carter County Canadian County Caddo County Bryan County Beaver County Alfalfa County $549,423 4-H OrganizationsandClubs Oregon Junior ReserveOfficers’ Training Corps Honoring AmericasWarriors, Inc. FFA (FutureFarmersofAmerica) Dewey PublicSchools Comanche PublicSchools Clayton PublicSchool District Chisholm PublicSchools Braggs PublicSchools, BraggsHighSchool ScoutsofAmerica Boy Ada Skeet&Trap Club,Inc. YMCA, CampClassen YMCA, Tulsa BirdDogAssociation Tri CityGunClub,Inc. Stillwater Rifle&PistolClub,Inc. Putnam CitySchool District, Ponca CityRifle&PistolClub Oklahoma Youth ShootingSportsAssociation University,Oklahoma State University Oklahoma State Oklahoma CityGunClub YouthOK ShootingSports Northeast Oklahoma National RifleAssociationofAmerica IndependentSchool District37McCurtain (JROTC) Putnam CityWest HighSchool Cooperative ExtensionService Education Alliance,Inc. Association ofHomeschools Oregon 4-HFoundation Woodward PublicSchools, Union CityPublicSchools Stringtown PublicSchools Norman PublicSchools Kremlin-Hillsdale PublicSchool Independent School DistrictNo.1 Hydro-Eakley FFA Club Booster Howe PublicSchools Eufaula School District Eagletown PublicSchools Durant IndependentSchool District Drummond PublicSchools Deer Creek-LamontPublicSchool Cushing PublicSchools Covington-Douglas PublicSchools Calera PublicSchools PublicSchools Broken Bow Blair School District Blackwell PublicSchools PublicSchools Battiest Altus PublicSchools Achille PublicSchools Indian NationsCouncil Cimarron Council Arbuckle AreaCouncil468 Oklahoma State University,Oklahoma State Cooperative Western &CowboyAction Heritage SportClubCouncil OSU Youth EducationSummit(Y.E.S.) Tulsa PublicSchools, SpencerHighSchool Star Woodward HighSchool of McClainCounty, Newcastle Independent School District067 Extension Service,Comanche County Will RogersHighSchool Yamhill County Linn County Jefferson County Gilliam County Benton County Woodward County Woods County $293,663 Four CornersRod&GunClub Eddyville CharterSchool, Inc. East EndRod&GunClub Eagle CapShootersAssociation Douglas RidgeRifleClub Divide Camp,Inc. Deshoots Youth Sports Children Creating MemoriesFor Disabled Cascade CivilWar Society ScoutsofAmerica Boy Big Timber Rifle&PistolClub,Inc. Albany GunClub Junior ReserveOfficers’ Training Corps Joe Foss Institute,Inc. High DesertShootingSportsFoundation Hermiston Rod&GunClub Berwick AreaSchool District Berlin BrothersvalleySchool District AMVETS Post 50 American Legion,NorthHarrisburgPost 1001 American Legion Allegheny CountryRifleClubD&E 4-H OrganizationsandClubs Pennsylvania League ofParentSupporters, Oregon State UniversityFoundation, Oregon State CivilRightsDefenseFund NRA National RifleAssociationofAmerica Wheeler CountyCommunitySchool Warner GunClub Mountain Tioga SportsParkAssociation,Inc. South UmpquaRod&GunClub Scholarship Recipients Roseburg Rod&GunClub Powder RiverSportsmen’sClub,Inc. Paralyzed Veterans ofAmerica Educational Foundation (JROTC) Navy NationalDefenseCadetCorps ViewMountain HighSchool OSU RifleClub OSU Crater LakeCouncil The University Pennsylvania State Bend-LaPine School District, Redmond HighSchool Madras HighSchool Youth EducationSummit(Y.E.S.) Online HunterEducationProgram Make AFirst™ Program Eddie EagleGunSafe® Western OregonUniversity University Oregon State Oregon InstituteofTechnology Hillsdale College Hawaii PacificUniversity Eastern OregonUniversity Central OregonCommunityCollege Brigham Young University University State Boise CommunityCollege Blue Mountain LaPine HighSchool Washington County Venango CountyDead-Eyes Schuylkill County Nothin’ ButDust Mifflin County Mechanicsburg Liberty Area Greene County Greene County Fayette County Dauphin County Columbia County Clearfield County4-HHotShots Clearfield County

$723,574

FOUNDATION 16 Annual Report 2016 4/10/17 6:19PM GRANTS Bethlehem Area School District Online Hunter Education Program Freedom High School Range Technical Team Advisors (RTTA) South Carolina $87,990 Liberty High School Training 4-H Organizations and Clubs Boulder Valley Sportsmen’s Association, Inc. Refuse To Be A Victim® Clemson University Foundation Boy Scouts of America Youth Education Summit (Y.E.S.) Abbeville County Bucktail Council National Wild Turkey Federation, Inc. Dillon County Chester County Council Jerry Zimmerman Memorial Chapter Newberry Eagles Columbia Montour Council Ned Smith Center For Nature and Art Pendleton Area Laurel Highlands Council North Fayette Township, Police Department Abbeville County, Sheriff’s Office Mason Dixon Council Northern Cambria School District Boy Scouts of America Moraine Trails Council Northwestern Pennsylvania Coastal Carolina Council Northeastern PA Council Duck Hunters Association Indian Waters Council Pennsylvania Dutch Council Ontelaunee Rod & Gun Club Palmetto Council Westmoreland Fayette Council Otto-Eldred Regional Youth Trap Team Pee Dee Area Council Bradford Gun Club Palmyra Sportsmen’s Association, Inc. County of Newberry, Sheriff’s Office Castlewood Rod & Gun Club Pardoe Sportsmen’s Association Edgefield County, Sheriff’s Department Central Greene School District, Pennsylvania Institute For Jefferson Davis Academy, Inc. Waynesburg Central High School Conservation Education Junior Reserve Officers’ Training Corps Chestnut Ridge School District Pennsylvania Lions Beacon Lodge Camp (JROTC) Chubb International Shooting Sports, Inc. Pennsylvania Parks and Forests Foundation Aiken County School District FOUNDATION GRANTS Collier Sportsmens Association, Inc. Pennsylvania Scholastic Clay Target Program Midland Valley High School Columbia Fish & Game Association Pennsylvania Skeet Shooting Association North Augusta High School Colver Sportsmen’s Club Pennsylvania YHEC Council, Beaufort County School District, Conemaugh Township Area School District Friedensburg YHEC Bluffton High School Conneaut Lake Sportsmen’s Association, Inc. Perry Township Game Association Central High School MCJROTC Corry Rod & Gun Club Pine Grove Sportsman’s Association, Inc. Clover School District Two County of Armstrong, Sheriff’s Department Plunstead Township, Police Explorers Laurens Dist 55 High School County of Greene Post 5708 Lexington County Schools, DuBois Rifle & Pistol Club, Inc. Pony Farm Trap & Gun Club White Knoll High School East Penn School District, River Junction Shootist Society Nation Ford High School Emmaus High School Rockwood Area School District Oconee County Schools, East Stroudsburg School District, Roscoe Sportsmen’s Association Walhalla High School South High School Safari Club International Pendleton High School Elizabeth Township Sportsmen’s Association Saint Clair Tremont Trap & Field Club Spartanburg School District Three, Ellwood-Wampum Rod & Gun Club Saint Mary’s Sportsmen’s Club, Inc. Broome High School Erie County Sportsmen’s League Scholarship recipients Strom Thurmond Rifle Team Evans City Sportsman’s Club Morehead State University West-Oak High School Everett Area School District Saint Francis University Laurens County School District, Everett Sportsman’s Junior Rifle Club University of Alaska Fairbanks Hickory Tavern Elementary School Fathers in the Field West Virginia University National Rifle Association of America Fayette YHEC Seitzland Rifle Club Refuse To Be A Victim® Frazier-Simplex Rifle Club, Inc. of Sheffield Rod & Gun Club Newberry Academy Washington, Pennsylvania Slippery Rock University Foundation, Inc. Newberry Pistol Club Girl Scouts Western Pennsylvania, Inc. Somerset Area School District Rocky Creek Youth Clay Dusters Governor Mifflin School District Southern Chester County Town of Walterboro, Police Department Guthsville Rod & Gun Club Youth Shooting League Upper Savannah Shooters Association Harrisburg Hunters and Anglers Southern Clinton County W. Wyman King Academy Association, Inc. Sportsmen’s Association, Inc. Waterloo Elementary School Hopewell Area Sportsman’s Association Springs Rod & Gun Club, Inc. Hunters Sharing the Harvest, Inc. Sullivan County School District Indiana County Junior Marksmanship Team Pine Grove Youth Hunter South Dakota $48,466 Training Unit Education Challenge 4-H Organizations and Clubs Jerome Sportsmen’s Association The Corry Rod & Gun Club South Dakota 4-H Foundation, Inc., Junior Reserve Officers’ Training Corps The Herminie No. 2 Game Association Deuel County (JROTC) The Pennsylvania Rifle & Pistol Association South Dakota State University Dallastown Area School District Trafford Sportsmen’s Club Brookings North Allegheny School District Troy Historical Society Clay County Norwin School District Valley Gun & Country Club Douglas County Wilson Area School District Valley Inn Sportsman’s Association J. & B. Shooting Sports Kalbfus Rod & Gun Club Valley Youth Hunter Education Challenge, Inc. Pennington County Kane Fish & Game Club Warren County Claybusters Sanborn County Kutztown Area School District Warrior Rifle Team Boosters Walworth County 4-H Volunteer Leaders Lake Edinboro Sportsmen’s League Washington School District Beacon Hill Rifle & Pistol Club Lambs Creek Sportsman’s Club, Inc. Western Pennsylvania Sportsmen’s Club Codington County Sportsmen’s Club Lawrence County Young Guns White Oak Rod & Gun Club Corson County Fair Association Lebanon Valley Sportsmen’s Association, Inc. Wilkes-Barre Rifle & Pistol Club, Inc. Junior Reserve Officers’ Training Corps Mason-Dixon Clay Busters Woodland Hills School District, (JROTC) Matamoras Rod & Gun Club, Inc. Rifle Team Parent Booster Association Lincoln High School Mechanicsburg Sportsmen’s Youngwood Sportmen’s Association Meade County Range Masters Protective Association National Rifle Association of America Meyersdale Area School District Make A First™ Mill Cove, Inc. Rhode Island $21,368 Youth Education Summit (Y.E.S.) Moraine Conservation and Cumberland Beagle Club Out Door Women of South Dakota 17 Sportsmen’s Association Manville Sportsmen’s Rod & Gun Club, Inc. Paralyzed Veterans of America, Inc. National Rifle Association of America Smithfield Sportman’s Club, Inc. Sage Brush Rifle & Pistol Club Adaptive Shooting Program The South County Rod & Gun Club, Inc. South Dakota Youth Hunting Adventures NRA Brownells®/NRA Day Tiverton Rod & Gun Club Foundation Make A First™

17001_NRAF_AR.indd 18 4/10/17 6:19 PM 17001_NRAF_AR.indd 19 Junior ReserveOfficers’ Training Corps Hutchison School Houston HighSchool Hiwassee College,Inc. ShootingTeamHeritage Henry CountyYouth ShootingProgram Heartshot Ministries Haywood Young Guns,Inc. Harpeth Scholastic ShootingSportsFoundation Harding AcademyofMemphis,Inc. Hamilton CountyDepartmentofEducation Gibson CountySpecialSchool District, First AssemblyofGodMemphis, FFA (FutureFarmersofAmerica) Fayette Academy Fairfield GladeSportsman’sClub,Inc. East Tennessee StraightShooters,Inc. Dixieland NWTFChapter, Diocese ofMemphisRomanCatholicChurch Covenant Ranch, Inc. County ofLawrence,Sheriff’sDepartment Cougar AthleticClub,Inc. Concord RoadChurch ofChrist, Columbia AcademySchool Coffee CountyClaybusters Clay Target ClubofMiddleTennessee Clarksville ChristianSchool, Inc. City ofBrownsville,Police Department HighSchool Christian BrothersLaSalle Camp Marymount,Inc. Briarcrest Trap Club ScoutsofAmerica Boy TrapBolton Team Club,Inc. Booster GroundAcademyofFranklinTennesseeBattle ofEducation, CityBoard Bartlett Arlington HighSchool Trappers American Legion,Post 104 4-H OrganizationsandClubs Tennessee Stickney GunClub,Inc. ofSouthDakota, State (JROTC) South GibsonCountyHighSchool FACS Trap Crusader Dickson ClayCommanders Trail LifeTroop TN-0747 University State HighSchool Bartlett University ofSouthDakota Soddy DaisyHighSchool School CreekMiddleSchool/High Sale Hixson HighSchool Tennessee FutureFarmersofAmerica Sequoyah Troop 713 Mount JulietChristianAcademyRifleClub, Chilhowee Rod&GunClub, Cherokee AreaCouncil University ofTennessee Panthers ShootingSports Foundation, Inc. Venture Crew700 Venturing Crew308 Weakley County Tipton County Shelby County Rhea County Obion County Moore County Maury County Hawkins County Hamilton County Dickson County Clay County Anderson County $301,174 4-H OrganizationsandClubs 10X ShootingSports Texas Young Unit Bonnyman Marines,Lt.Alexander Wounded Warriors InAction Foundation, Inc. Williamson ofEducation, CountyBoard William BlountShootingTeam Weakley CountyTrap Team University ofTennessee The UniversityofTennessee Tennessee Youth EducationShootingSports Tennessee ShootingSportsAssociation Summit HighSchool PTSO Spring HillClayTarget Team Sons ofConfederateVeterans, Inc. Shelbyville Trap Team Shelby CountyScholastic Clay ofEducation, Shelby CountyBoard Mary’sEpiscopalSchool Saint GeorgesIndependentSchools FoundationSaint DominicSchool AgnesAcademy-Saint Saint ofEducation Rutherford CountyBoard Rossville ChristianAcademy CommunityCollegeFoundation Roane State Putnam County, Sheriff’sDepartment Forever,Pheasants Inc. Inc. USA, Parent Booster National Wild Turkey Federation, Inc., National RifleAssociationofAmerica Middle Tennessee ChristianSchool Maury CountyGunClub,Inc., ofEducation, Maury CountyBoard Martin MethodistCollege Madison County, Sheriff’sOffice Lewis CountySchools ClayTarget Team Lawrence CountySchools, ofEducation Lawrence CountyBoard Fred J.PageHighSchool Target Association Germantown HighSchool SteelShooters DC Columbia Trap Masters Fe UnitSchool Santa Club Booster Summertown HighSchool Texas 4-H Concordia LutheranHighSchool Morgan County Monroe CountyShooters Riverdale HighSchool LaVergne HighSchool Eagleville HighSchool Youth EducationSummit(Y.E.S.) Refuse To BeAVictim® Online HunterEducationProgram Make AFirst™ Lebanon HighSchool Johnson CitySchools, Gibbs HighSchool Gallatin HighSchool Cookeville HighSchool Columbia CentralHighSchool Clarkrange HighSchool Alvin C.York Institute of NorthHarrisCounty, Nation Sader Science HillHighSchool Callahan Burnet Burleson County Brush Country Brazos County County Bowie County Bandera Angelina County Andrews County $906,270 Baylor CountyYouthBaylor Trap ShootingClub Austin RifleClub,Inc. Ancient Free&AcceptedMasonsofTexas American Legion,Post 159 Marsh ManiacsShootingSportsClubof Lubbock County Liberty County County Lampasas Lake HoustonOutdoorExplorers LaCoste La Ward Knox County Kimble County Katy Johnson Country Club Jasper Gun&Bow Hood County Hondo, MedinaCounty Henderson OutdoorSports Henderson County Hays County Hartley County Harrison County Guadalupe County Grimes County Gregg County Gray County Goliad Glen Rose Association Floyd Parent/Leaders Ellis ShootingSports DeWitt County Crosby Cooke County Colmesneil Coleman County Coke County Christian LifePreparatorySchool Cherokee ClayCrushers Cherokee Chambers County Swisher 4-HShootingSports Stonehill, BurnetCounty Creek Stampede Spring-Klein Shooting Star Shackelford County Saba San Rogers Roberts County Rio Medina Randall County On Target Nueces County Club Newton AreaGun&Bow Navarro County Nacogdoches Montgomery Mitchell County Midland Young Guns Midland Young Guns Midland Community Menard County McCulloch County Young County Xtreme 4-HShootingSports Wilson County Williamson County Wheeler County Webb Waller County Victoria Upshur Shotgunners Trinity County Travis County Terry County Chambers County, Texas Adult Leaders

FOUNDATION 18 Annual Report 2016 4/10/17 6:19PM GRANTS Boy Scouts of America Sandra Day O’Connor High School Capitol Area Council Stephen F. Austin High School Vermont $54,225 Custer Road United Methodist Church, Tuloso-Midway High School 4-H Organizations and Clubs Troop 25 Waller High School University of Vermont and Golden Spread Council Kids Outdoors Zone, Inc. State Agricultural College Saint Francis Episcopal Church, Troop 180 L S Youth Outdoors, Inc. Boy Scouts of America South Texas Council McMurry University Green Mountain Council Yucca Council Montgomery County, Constable Precinct 3 Lamoille Valley Fish & Game Club, Inc. Brazos County Motley County National Rifle Association of America Attorney’s Office National Rifle Association of America Youth Education Summit (Y.E.S.) Constable Pct. 3 Adaptive Shooting Program Northfield Town School District Brazos County, Constable Pct. 2 Eddie Eagle GunSafe® Program NRA Civil Rights Defense Fund Brown County, Sheriff’s Office Make A First™ Sportsman’s Club of Franklin County, Inc. Buckner Children and Family Services, Inc. Online Hunter Education Program Vermont Bearhound Association Callahan County, Sheriff’s Office Range Technical Team Advisors (RTTA) Vermont Federation of Sportsmen’s Clubs, Inc. Christian Outdoor Alliance, Inc. Training Vermont Junior Shooting Sports Association, Inc. Christian Shooting Sports Club Refuse To Be A Victim® Vermont State Rifle & Pistol Association Christoval Independent School District Youth Education Summit (Y.E.S.) City of Boerne, Police Department Northside Independent School District, City of Crane, Police Department Earl Warren High School Virginia $313,938 FOUNDATION GRANTS City of Granite Shoals, Police Department Northwest Texas Field & Stream Association 4-H Organizations and Clubs City of Horseshoe Bay NRA Civil Rights Defense Fund Clarke County 4-H, Inc. City of Jourdanton, Police Department Parks and Wildlife Foundation of Texas, Inc. Dickenson County 4-H City of Kountze, Police Department San Jacinto County, Sheriff’s Department Development Association City of La Porte, Police Department Scheertz-Cibolo-Universal City Independent Floyd 4-H City of Lexington, Police Department School District, Byron P. Steele II High School Frederick County 4-H Leaders Association City of Luling, Police Department Scholarship recipients Freeland 4-H Shooting Club of City of Nassau Bay Texas Tech University Mecklenburg County Virginia City of Palmville, Police Department West Texas A&M University Holiday Lake 4-H Educational Center, Inc. City of Ranger, Police Department Schreiner University Jamestown 4-H Educational Center City of Schulenburg, Police Department Sulphur Springs Independent School District Northern Virginia 4-H Educational and City of Sonora, Police Department Sutton County, Sheriff’s Office Conference Center, Inc. City of West Columbia, Police Department Texarkana Arkansas School District, Rockingham County 4-H City of Winnsboro, Police Department North Heights Junior High School and The Rockin Shots County of Burnet, Sheriff’s Office Arkansas High School Southeast 4-H Educational Center, Inc. Cross Trails Outfitters, Inc. Texas A&M Foundation Southwest Virginia 4-H Center, Inc. Dallam County, Sheriff’s Office Texas Military Institute Virginia Tech Foundation, Inc. Experience Excellence Texas State Rifle Association Amelia Faith Family Church of Baytown, Inc. Texas State Rifle Association Foundation, Inc. Amherst County Fathers in the Field The Youth Target Foundation Appomattox FFA (Future Farmers of America) Cow Creek Clay Target Club Augusta County Corrigan-Camden Independent School Northwest High School Bedford County District Victoria Rotary Foundation, Inc. Botetourt County Dripping Springs Vocational Ag Boosters Woods & Water Kids Adventures, Inc. Brookneal Association, Inc. Brunswick New Diana Independent School District Campbell County Pewitt County Independent School District Utah $145,922 Chatham Simms Independent School District 4-H Organizations and Clubs Craig County Smithson Valley Ag Booster Club Utah State University Fauquier County Union Grove Independent School District Box Elder Goochland County Forever Foundation For Texas Wildlife, Inc., Three-Peaks Greensville/Emporia Texas Wildlife Association Foundation Boy Scouts of America King George Fouke School District Great Salt Lake Council Little North Mountain Harmony Baptist Church Trapper Trails Council Montgomery County Harris County Constable Precinct 5, Utah National Parks Council Nelson County Constable Precinct 7 Cowboys of Utah New Kent Four Rivers Junior Reserve Officers’ Training Corps Golden Spike Trap Club, Inc. Northampton (JROTC) Junior Reserve Officers’ Training Corps Nottoway Regional Aransas Pass Independent School District (JROTC) Page County Clements High School NJROTC Independence High School Patrick County Booster Club, Inc. National Rifle Association of America Patriot Shooting Club Comal Independent School District Make A First™ Prince Edward Canyon Lake High School Range Technical Team Advisors (RTTA) P-town Hot Shots Smithson Valley High School Training Pulaski County Corpus Christi Independent School District Youth Education Summit (Y.E.S.) Rockbridge Foy H. Moody High School NRA Civil Rights Defense Fund Seven Bends W.B. Ray High School Pacific States Rifle Club, Inc., Smyth County Flour Bluff High School Springville Junior Rifle Club Tazewell County Fredericksburg High School Perry City Corporation, Police Department W.E. Skelton 4-H Educational Conference Granbury Independent School District Utah Military Academy Center At Smith Mountain Lake Hebron High School Utah State University, Tooele County American Legion, Post 157 Leander Independent School District, Washington County, Southern Utah Shooting American Legion, Post 72 Vista Ridge High School Sports Park Special Service District Boy Scouts of America 19 Northside Independent School District, Weber County American Legion, Post 128/ Tom C. Clark High School Venture Crew 174 Robert G. Cole High School Blue Ridge Mountains Council San Marcos Baptist Academy NRA Heart of Virginia Council Foundation

17001_NRAF_AR.indd 20 4/10/17 6:19 PM 17001_NRAF_AR.indd 21 Junior ReserveOfficers’ Training Corps Franklin CountySheriffExplorerPost 1053 A.S.H. Fire Mountain East EndRod&GunClub Davenport Gun&GameClub Clark CountyCompetitiveShooters Clallam County, Sheriff’sOffice City ofRepublic Chehalis School District302, Centralia School District401 Centralia RifleClub&JuniorDivision ScoutsofAmerica Boy Black Club HillsHighSchool Booster Black DiamondGunClub 4-H OrganizationsandClubs Washington Junior ReserveOfficers’ Training Corps James MadisonUniversityClayTarget Team Izaak Walton LeagueofAmerica,Inc., Izaak Walton LeagueofAmerica,Inc., Hampden-Sydney College Fairfax CountyPublicSchools, Youths,Cedar Mountain Inc. Virginia Tech Foundation, Inc., Virginia ShootingSportsAssociation Foundation, Inc. VMI Ridge RifleAssociation,Inc. Richmond ChristianSchool, Inc. Quantico InjuredMilitary Quail andUplandWildlife Federation Inc. andGirlsPlantation, Patrick HenryBoys Paralyzed Veterans ofAmerica North Fork Sportsman’sClub,Inc. University North CarolinaState NOAAWIVA Sportsmen,Inc. National RifleAssociationofAmerica Loco MotionFoundation, Inc. Lafayette GunClubofVirginia, Inc. (JROTC) W. F. West HighSchool (JROTC) Rockingham-Harrisonburg Chapter Chapter Alexandria Lake Braddock HighSchool Powhatan CountyOffice Powhatan Sportsmen’s Association Mount Baker Council Mount Baker Grand ColumbiaCouncilPost 2091 Chief SeattleCouncil Washington University State Stonewall Jackson AreaCouncil Shenandoah AreaCouncil Sequoyah Troop 713 BG AFJROTC BG Bethel School District, Bethel School District Youth EducationSummit(Y.E.S.) Make AFirst™ Adaptive ShootingProgram William ByrdHighSchool Pittsylvania CountySchools, Patrick CountyHighSchool Inc. USA, Parent Booster Franklin CountyHighSchool Graham KapowsinHighSchool Chatham HighSchool Upper Nisqually Thurston County County Spokane Pure Country Pacific County County Kittitas Douglas County Curious Companions $188,743 4-H OrganizationsandClubs West Virginia Woodinville AresGroup Washington Youth EducationInShooting Vancouver Rifle&PistolClub Tumwater School DistrictNo.33 Tacoma Sportsmen’sClub,Inc. RifleClub Spokane Seattle GunClub Quincy AmericanLegionGunClub Poulsbo Sportsman’sClub,Inc. Pierce CountySportmen’sCouncil Paul BunyanRifle&SportingClub North Whidbey Sportsmen’sAssociation North CascadesSportsman’sClub National RifleAssociationofAmerica Mason CountySportsman’sAssociation Junior ReserveOfficers’ Training Corps Izaak Walton LeagueofAmerica,Inc. Henderson Wilds Sportsman’sClub,Inc. College Glenville State Brassmasters, Inc. ScoutsofAmerica Boy West Virginia Wildlife Federation, Inc. West Virginia Rifle&Pistol State West Virginia JuniorMarksmanshipProgram,Inc. Tyler ofEducation CountyBoard ofWestState Virginia, Putnam CountyGunClub,Inc. National Wild Turkey Federation, Inc. National RifleAssociationofAmerica ofEducation, Monroe CountyBoard Mason DixonJuniorRifleClub,Inc. Sports, ColvilleShootingStars (JROTC) Association, Inc. Nicholas CountyYouth Foundation Peterstown Schools State ofWestState Virginia ofWestState Virginia Youth EducationSummit(Y.E.S.) Refuse To BeAVictim® Online HunterEducationProgram Make AFirst™ Day Brownells®/NRA Walla Walla HighSchool Snohomish MCJROTC ParentAssociation Prairie HighSchool AFJROTC Club Booster Oak HarborHighSchool Marysville Pilchuck HighSchool Kent MCJROTC ParentBoosters, Kennewick School District Ohio RiverValley Council Laurel HighlandsCouncil West Virginia UniversityResearch West Virginia UniversityFoundation, Inc., Youth EducationSummit(Y.E.S.) Wood CountyPublicSchools Greenbrier EastHighSchool West Virginia University NJROTC Booster Club NJROTC Booster Kentwood HighSchool Corporation Monongalia County Wood County Ohio County Jefferson County Greenbrier County Doddridge County Wayne County Monroe County Parkersburg SouthHighSchool Parkersburg HighSchool

$136,641 Montana Scholastic ClayTargetMontana Program, Gillette GunClub City ofRawlins Cheyenne Trap &SkeetClub,Inc. ScoutsofAmerica Boy 4-H OrganizationsandClubs 312 Trailblazers Wyoming Wisconsin FirearmOwners,Ranges, Schultz ResortRod&GunClub,Inc. School DistrictofKettle Moraine Pioneer Sportsmen’sClub-UW-Platteville Paralyzed Veterans ofAmerica EducationCenter,Outdoor Heritage Inc. CivilRightsDefenseFund NRA Northwest Rod&GunClub,Inc. National RifleAssociationofAmerica Izaak Walton LeagueofAmerica,Inc. Hidden Valley CommunityChurch Friends ofPoynette GameFarm Fort Wilderness Ministries,Inc. Douglas CountyFish&GameLeague,Inc. ScoutsofAmerica Boy Benton PublicSchools, BentonHighSchool 4-H OrganizationsandClubs Wisconsin Weston CountySchool District1 Volunteers ofAmerica,Inc. Upton GunClub,Inc. Upton GunClub,Wyoming YHEC State University ofWyoming Foundation CountyShootingSports Association Uinta Town ofBairoil Thermopolis GunClub,Inc. CivilRightsDefenseFund NRA National RifleAssociationofAmerica National SCTP Clubs andEducators Jackson District Greater Wyoming Council Wyoming 4-HFoundation State University ofWyoming Campbell County Youth EducationSummit(Y.E.S.) Online HunterEducationProgram Council/ Northern Star ofRegentsthe Board Youth EducationSummit(Y.E.S.) Online HunterEducationProgram Make AFirst™ Tomahawk ScoutReservation University ofWisconsin System Park County Niobrara County Hot SpringsCounty Weston County Shooters Star RiverShooters Salt Lincoln County Laramie County Johnson County Crook County Big HornCounty $185,611 $304,584

FOUNDATION 20 Annual Report 2016 4/10/17 6:19PM GRANTS A NRRING OF FREEDOM

NRA Ring of Freedom is dedicated to building relationships with patriots who are seeking to secure the future of freedom. Our mission is to gather the resources THErequired to help preserve the uniquely American freedoms set forth by our Founding Fathers in the Second Amendment. Freedom-loving individuals, families or companies who make gifts totaling $1,000 or more per year to the NRA or any of its affiliates, including The NRA Foundation, are recognized as donors through the NRA Ring of Freedom Program. Gifts of $25,000 or more qualify for lifetime NRA Ring of Freedom recognition and can be achieved through cumulative giving. Some leaders with the capacity to do so may find they are called to even greater giving, and to those individuals we extend an invitation to join the Golden Ring of Freedom. The NRA Golden Ring of Freedom is reserved for those who have made gifts otalingt $1 million or more to the NRA or its affiliates. Benefits of joining the NRA Ring of Freedom family include: invitations to special events at the NRA Annual Meeting, recognition in an honor roll of donors, subscription to the Ring of Freedom 21 magazine, and invitations to join regional and national NRA Ring of Freedom events.

NRA Foundation

17001_NRAF_AR.indd 22 4/10/17 6:19 PM Office of Advancement NRA RING OF FREEDOM

Through the leadership of NRA Ring of Freedom donors, never again will this peerless liberty suffer the blatant infringement and cultural distain it barely survived over the past quarter-centuryCORPORATE. That’s why it HERITAGE SM is essential that great Americans like you ensure that we stand ready to preserve our treasured freedoms.SM GIVING SM SOCIETY The Ring of Freedom Heritage Society is an umbrella SM recognition program for all NRA supporters who choose to leave a legacy of freedom through a planned gift to the NRA or its affiliates, including The NRA Foundation. Gifts that qualify for recognition include, but are not limited to real estate, firearms, bequests, life insurance, charitable gift annuities and beneficiary designations. Heritage Society Ambassador donors are those Heritage Society members who have chosen to strengthen their commitment to freedom by providing documentation of their planned gifts to the NRA Officef o Advancement. Documented Planned Gift commitments of any value over $1 million qualify for Charlton ADDA Heston Ambassador recognition. BUCK Benefits of joining the Heritage Society family include: invitations to special events at the NRA Annual meetings, lapel pin, recognition on the Defenders of Freedom wall and invitations to join regional and national Heritage Society events.

For more information about any donor recognition program call 877-NRA-GIVE.

WOMEN’S LEADERSHIP SM FORUM

22

2016 Annual Report

17001_NRAF_AR.indd 23 4/10/17 6:19 PM YOUR LEGACY OF FREEDOM

to Support Your NRA: The NRA Foundation offers many flexible options for individuals, organizations, and companies to support the Foundation’s work. CallWAYS 1-877-NRA GIVE (1-877-672-4483) for details on the options available. These include:

Current Contributions Contributions through Planned Gifts That Provide a Planned Gift Income to Donor(s) Online Contributions Payroll Deduction Will or Living Trust Bequests Charitable Remainder Trusts Employer Matching Gift Life Insurance Charitable Gift Annuities Workplace (CFC/United Way) Retirement Plans, IRA-401k (Funded by Cash, Appreciated Memorial Gifts Real Estate Stocks, Firearms, Real Estate) Gifts in Kind Charitable Trusts Firearms Real Estate 23 Stocks, Bonds

NRA Foundation

17001_NRAF_AR.indd 38 4/10/17 6:19 PM YOUR LEGACY OF FREEDOM

Wills and Bequests Donors can bequeath a specific mounta or a percentage of their estate to The NRA Foundation. Contributions by bequest are deductible from the taxable estate as a charitable gift. sA an alternative, The NRA Foundation can be named a contingent beneficiary in the event the first-named beneficiary (ies) should not live to receive the inheritance. If your will is already prepared, a simple codicil (a supplement or addition) can be added to the existing document. Since local laws differ, a professional advisor should be contacted for the preparation of all wills and trusts. As a reference, The NRA Foundation recommends that members and friends consider the following language for use in their wills. General bequest language is as follows: I give, devise, and bequeath to The NRA Foundation, Inc., 11250 Waples Mill Road, Fairfax, Virginia 22030, the sum of $______(or here otherwise describe the gift) orf its general purposes as such shall be determined by its Board of Trustees. Bequest language to benefit The NRA Foundation endowment is as follows: I give, devise, and bequeath to The NRA Foundation, Inc., 11250 Waples Mill Road, Fairfax, Virginia 22030, the sum of $ ______(or here otherwise describe the gift) for its endowment. 24

2016 Annual Report

17001_NRAF_AR.indd 39 4/10/17 6:19 PM REPORT OF THE TREASURER

NRA Foundation, Inc. experienced continued growth and success in 2016, with net proceeds from Friends of NRA events of $29.9 million. As a result, the Foundation awarded THEa record $33.8 million in grants for programs such as youth; range development and improvement; training, education and safety; and wildlife and natural resources. During 2016, 85 cents of every dollar spent went to grants and programs. With steady growth since inception in 1990, the Foundation’s financial position is strong, with nearly $87.7 million in cash and investments and $124.3 million in net assets at December 31, 2016. Management of the Foundation’s investment portfolio is assigned to various external managers under the supervision of the Treasurer, with oversight by a committee of the Board of Trustees. The portfolio is allocated among equity and fixed income investments in a manner that maximizes investment returns 25 at appropriate risk levels. The Foundation’s endowment investment portfolio was up 7.61% for the year ended December 31, 2016. NRA Foundation

17001_NRAF_AR.indd 40 4/10/17 6:19 PM Page 12 Page 67 Expenditures

50

40

30

20

10 Distribution of Investment Holdings 0 2016 Expenditures As of 12/31/16 Page 67 Support Administrative Page 67Money Market Program Services 3% PageFundraising 12 3% Fixed Income Securities 85% 12% Expenditures Equity Securities 27% 70% 150

50 120

40 90

30 60

20 30

10 0

0 Page 67 Page 67 PagePage 6767 Assets Page 12 Page 67 Page 12 Expenditures SupportHoldings GrowthExpenditures In Support Growth In Net Assets ($ in millions) ($ in millions) 50 150$150 50$50 Unrestricted 40 120 40 40 120 Contributions

30 90 30 30 90 Temporarily Restricted 20 Net FONRA 20 20 Events 6060

10 Permanently 10 3030 10 Restricted

0 0 0 0 0 2013 2014Page 2015 67 2016 2013 2014 2015 2016 Page 67 Page 67 Support SupportPage 67 Assets Holdings 150 150

120 26 120

90 2016 90 Annual Report 60 60

30 30

17001_NRAF_AR.indd 41 0 4/10/17 6:19 PM 0 Page 67 Page 67 Page 67 Assets Page 67 Assets Holdings Holdings TO THE BOARD OF TRUSTEES

To the Board of Trustees THE NRA FOUNDATION, INC.

Report on the Financial Statements We have audited the accompanying financial statements of The NRA Foundation, Inc. (the Foundation), which comprise the statements of financial position as of December 31, 2016 and 2015, the related statements of activities and cash flows for the years then ended and the related notes to the financial statements. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of The NRA Foundation, Inc. as of December 31, 2016 and 2015, and the changes in its net assets and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.

McLean, Virginia 27 March 8, 2017

NRA Foundation

17001_NRAF_AR.indd 42 4/10/17 6:19 PM The NRA Foundation, Inc. Statements of Financial Position AS OF DECEMBER 31, 2016 AND 2015

2016 2015 Assets Cash and cash equivalents $ 16,881,055 $ 13,283,813 Investments 70,821,604 64,771,199 Pledges and contributions receivable, net 3,916,686 5,132,133 Accounts receivable, net of allowance of $25,250 and $15,750, respectively 744,819 621,821 Inventory, net 12,078,822 11,928,188 Property and equipment, net 1,146,007 1,044,003 Other assets, principally museum collections, net 25,791,362 25,406,011 Split interest agreements 1,273,037 975,694 Total assets $ 132,653,392 $ 123,162,862

Liabilities and Net Assets Accounts payable and accrued liabilities $ 2,040,976 $ 1,566,686 Due to affiliates 3,922,616 3,430,336 Grants payable 10,200 68,965 Annuities payable 2,372,023 2,317,960 Total liabilities 8,345,815 7,383,947

Net assets Unrestricted 19,719,061 14,891,941 Temporarily restricted 39,137,050 37,015,701 Permanently restricted 65,451,466 63,871,273 Total net assets 124,307,577 115,778,915

Total liabilities and net assets $ 132,653,392 $ 123,162,862

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2016 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. Annual Report

17001_NRAF_AR.indd 43 4/10/17 6:19 PM The NRA Foundation, Inc. Statements of Activities FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015

2016

STATEMENTS Temporarily Permanently Unrestricted Restricted Restricted Total Revenue and other support Friends of NRA proceeds of $68,904,006 net of direct benefit expenses of $39,038,844 $ 14,815,306 $ 15,017,195 $ 32,661 $ 29,865,162 Contributions, net 13,035,963 3,158,743 1,288,280 17,482,986 Net investment income 482,183 3,995,683 114,149 4,592,015 Change in value of split interest agreements — 463,675 145,103 608,778 Other income 605,346 — — 605,346 Assets released from restrictions 20,513,947 (20,513,947) — — Total revenue and other support 49,452,745 2,121,349 1,580,193 53,154,287

FINANCIAL Expenses Program 37,885,096 — — 37,885,096 Administrative 1,364,323 — — 1,364,323 Fundraising 5,376,206 — — 5,376,206 Total expenses 44,625,625 — — 44,625,625

Change in net assets 4,827,120 2,121,349 1,580,193 8,528,662 Net assets, beginning of year 14,891,941 37,015,701 63,871,273 115,778,915 Net assets, end of year $ 19,719,061 $ 39,137,050 $ 65,451,466 $ 124,307,577

2015

Temporarily Permanently Unrestricted Restricted Restricted Total Revenue and other support Friends of NRA proceeds of $65,530,160 net of direct benefit expenses of $35,360,948 $ 14,868,476 $ 15,272,138 $ 28,598 $ 30,169,212 Contributions, net 11,718,035 2,448,178 3,325,871 17,492,084 Net investment loss (145,963) (1,156,488) (36,863) (1,339,314) Change in value of split interest agreements — 17,606 3,531 21,137 Other income 677,977 — — 677,977 Assets released from restrictions 16,686,192 (16,686,192) — — Total revenue and other support 43,804,717 (104,758) 3,321,137 47,021,096

Expenses: Program 40,859,616 — — 40,859,616 Administrative 1,391,013 — — 1,391,013 Fundraising 3,710,664 — — 3,710,664 Total expenses 45,961,293 — — 45,961,293

Change in net assets (2,156,576) (104,758) 3,321,137 1,059,803 Net assets, beginning of year 17,048,517 37,120,459 60,550,136 114,719,112 29 Net assets, end of year $ 14,891,941 $ 37,015,701 $ 63,871,273 $ 115,778,915

NRA Foundation THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

17001_NRAF_AR.indd 44 4/10/17 6:19 PM The NRA Foundation, Inc. Statements of Cash Flows FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015

2016 2015 Cash flows from operating activities Change in net assets $ 8,528,662 $ 1,059,803 Adjustments to reconcile change in net assets to net cash provided by (used in) operating activities: Amortization and depreciation 184,908 129,626 Provision for losses on pledges, contributions and accounts receivable 110,500 86,500 Provision for gains on inventory (18,000) (295,000) Provision for losses on other assets 85,000 5,100 Donated assets, museum collections (161,650) (279,000) Donated assets, securities unrestricted and temporarily restricted (57,057) (73,834) Contributions restricted for investment in endowment (1,162,291) (3,505,168) Net realized and unrealized (gain) loss on investments (2,862,154) 2,998,626 Decrease in discount on pledges receivable (8,824) (14,152) Increase in value of split interest agreements (442,876) (21,136) Changes in assets and liabilities: Decrease (increase) in pledges and contributions receivable 1,123,271 (557,805) (Increase) decrease in accounts receivable (132,498) 266,729 (Increase) decrease in inventory (132,634) 704,348 Increase in other assets (324,275) (908,826) Increase (decrease) in accounts payable and accrued liabilities 474,290 (418,572) Increase (decrease) in due to affiliates 492,280 (857,402) (Decrease) increase in grants payable (58,765) 4,601 Total adjustments (2,890,775) (2,735,365) Net cash provided by (used in) operating activities 5,637,887 (1,675,562)

Cash flows from investing activities Purchases of investments (18,560,954) (22,575,473) Proceeds from sale of investments 15,429,760 14,875,847 Purchases of property and equipment (271,338) (6,276) Net cash used in investing activities (3,402,532) (7,705,902)

Cash flows from financing activities Proceeds from contributions restricted for: Investment in endowment 1,162,291 3,505,168 Investments subject to new annuity agreements 257,831 325,879 Proceeds from split interest agreements 145,533 80,918 Payments on annuity obligations (203,768) (205,144) Net cash provided by financing activities 1,361,887 3,706,821

Net increase (decrease) in cash and cash equivalents 3,597,242 (5,674,643) Cash and cash equivalents, at beginning of year 13,283,813 18,958,456 Cash and cash equivalents, at end of year $ 16,881,055 $ 13,283,813

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2016 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. Annual Report

17001_NRAF_AR.indd 45 4/10/17 6:19 PM 1. Nature of Activities and sound institutions. Nevertheless, these deposits are subject to some degree of credit risk. Investments are maintained Significant Accounting Policies in financial institutions. Accounts receivable primarily represent funds due to the Foundation for contributions The NRA Foundation, Inc. (the Foundation) is a non-profit and from FONRA events and committees, and are organization incorporated in 1990 under the laws of the not collateralized. District of Columbia. The Foundation is organized to be The Foundation invests in a professionally managed operated exclusively in support of charitable, scientific portfolio that primarily contains money market funds, STATEMENTS and educational purposes. The Foundation is supported equity securities, and fixed income securities. Such primarily by Friends of NRA (FONRA) fundraising events investments are exposed to various risks, such as market and other charitable contributions. and credit. Due to the level of risk associated with such investments, and the level of uncertainty related to changes BASIS OF PRESENTATION in value of such investments, it is at least reasonably possible The financial statements of the Foundation have been that changes in risk in the near term would materially prepared on the accrual basis and in conformity with affect investment balances and the amounts reported in the accounting principles generally accepted in the United States financial statements. of America which requires management to make estimates and assumptions that affect the reported amounts of assets INVESTMENTS and liabilities as of the date of the financial statements and Investments consist primarily of money market funds, the reported amount of revenue and other support and FINANCIAL equity securities, and fixed income securities which are expenses during the reporting period. Actual results could carried at fair value, as determined by an independent differ from those estimates. market valuation service using the closing prices at the end of the period. In calculating realized gains and losses, CLASSIFICATION OF NET ASSETS the cost of securities sold is determined by the specific- To identify the observance of limitations and restrictions identification method. To adjust the carrying value of the placed on the use of the resources available to the investments, the change in fair value is included in revenue Foundation, the accounts of the Foundation are maintained and other support in the statements of activities. in three separate classes of net assets; unrestricted, temporarily restricted, and permanently restricted, based on PLEDGES AND CONTRIBUTIONS the existence or absence of donor-imposed restrictions. RECEIVABLE Unrestricted net assets represent resources that are not restricted, either temporarily or permanently, by donor- Unconditional pledges and contributions receivable consist imposed stipulations. They are available for support of the of irrevocable and measurable bequest proceeds due to the Foundation’s general operations. Foundation and donor promises to give in future periods, Temporarily restricted net assets represent contributions usually over a period of one to ten years. Pledges due and other inflows of assets whose use by the Foundation is in more than one year are recorded at the present value limited by donor-imposed stipulations. These restrictions of estimated cash flows, and for both the years ended are temporary in that they either expire by passage of time December 31, 2016 and 2015, have been discounted by rates or can be fulfilled and removed by actions of the Foundation ranging from 1.1% to 2.6%. An allowance for uncollectible pursuant to those stipulations. pledges and contributions receivable is provided based upon Permanently restricted net assets represent endowment management’s judgment of potential defaults. contributions and other inflows of assets whose use by the Foundation is limited by donor-imposed stipulations ACCOUNTS RECEIVABLE that neither expire by passage of time nor can be fulfilled Accounts receivable consist of start-up funds and current and removed by actions of the Foundation pursuant to year event proceeds due from FONRA committees. Start- those stipulations. up funds are advanced to each new FONRA committee and are returned to the Foundation only upon dissolution of CASH AND CASH EQUIVALENTS the committee. The Foundation considers all highly liquid investments purchased with a maturity of three months or less at the date INVENTORY of purchase to be cash equivalents. Inventory consists primarily of artwork, shooting sports, and hunting supplies to be utilized at FONRA fundraising 31 CONCENTRATION OF CREDIT RISK events. Inventory is stated at the lower of cost or market, The Foundation maintains a cash balance in excess of with cost determined using the first-in, first-out method. federally insured limits in an interest bearing account. The Adjustments are made to reduce the inventory to net NRA realizable value in the case of obsolescence. Foundation Foundation’s policy is to deposit funds only in financially

17001_NRAF_AR.indd 46 4/10/17 6:19 PM PROPERTY AND EQUIPMENT 31, 2016 and 2015, the discount rate applied ranged from Property and equipment are stated at cost, less accumulated 1.2% to 3.4%. depreciation. Expenditures for maintenance and repairs, which do not prolong the useful lives of the assets, are REVENUE RECOGNITION expensed. Depreciation is computed on the straight-line method over the assets’ estimated useful lives. Building Unconditional contributions, whether unrestricted or improvements are depreciated over useful lives of 20 years, restricted, are recognized as revenue upon notification of the other property and equipment is depreciated over two to unconditional gift ro pledge and classified in the appropriate 10 years. The Foundation capitalizes complete desktop and net asset category. Proceeds from FONRA fundraising laptop computers greater than $500 and all other fixed assets events, net of direct benefit expenses paid by the FONRA greater than $1,500. event committees, are recorded in the period in which the event occurs. One half of the net proceeds from FONRA events are restricted for use by the FONRA State Fund MUSEUM COLLECTIONS committee in which the event was held. These proceeds The Foundation has capitalized its museum collections, may be temporarily or permanently restricted. Temporarily consisting principally of donated firearms, since its restricted proceeds become unrestricted when qualifying inception. If purchased, items accessioned into the expenses have been incurred. collection are capitalized at cost, and if donated they are capitalized at their appraised value or fair value on OUTSTANDING LEGACIES the accession date. Gains or losses on the deaccession of collection items are classified in the statements of activities The Foundation is the beneficiary under various wills and as unrestricted, temporarily or permanently restricted trust agreements, the total realizable amounts of which support depending on donor restriction, if any, placed on are not presently determinable. The Foundation’s share the item at the time of accession. Provisions are made to of such amounts is not recorded until the Foundation reduce museum collections to net realizable value. Museum has an irrevocable right to the bequest and the proceeds collections are not depreciated as the Foundation takes are measurable. appropriate measures to perpetually preserve their cultural and historic value. VALUATION OF LONG-LIVED ASSETS SPLIT INTEREST AGREEMENTS Long-lived assets and certain identifiable intangible assets The Foundation is the beneficiary under several split are reviewed for impairment whenever events or changes interest agreements in the form of charitable lead trust and in circumstances indicate that the carrying amount of an charitable remainder unitrust agreements. Under terms of asset may not be recoverable. Recoverability of long-lived the agreements, the Foundation has the irrevocable right assets is measured by a comparison of the carrying amount to receive the annual payments during the life of the trust of the asset to future undiscounted net cash flows expected and/or remaining trust assets upon termination of the trust. to be generated by the asset. If such assets are considered to Split interest agreements are recorded as an asset based be impaired, the impairment to be recognized is measured on the actuarially computed value as of the end of each by the amount by which the carrying amount of the assets year. The difference between the amount received for the exceeds the estimated fair value of the assets. Assets to agreement and its actuarially computed value is recorded be disposed of are reportable at the lower of the carrying as revenue. Split interest agreements due in more than one amount or fair value, less cost to sell. year have been recorded at the present value of estimated cash flows. For both the years ended December 31, 2016 FUNCTIONAL ALLOCATION and 2015, the discount rate applied ranged from 2.5% to OF EXPENSES 8.0% and incorporated future life expectancies ranging The costs of providing program services and supporting from 0 to 21 years. activities have been accounted for on a functional basis in the statements of activities. Accordingly, certain costs have ANNUITIES PAYABLE been allocated among program services, administrative, and Donors have established and funded gift nnuitya contracts. fundraising expenses. Under terms of the contracts, the Foundation has the irrevocable right to receive the remaining contract assets GRANT PROGRAM EXPENSE upon termination of the contract. Annuity contracts are Grants are recorded as program expense in the year in recorded as a liability based on the actuarially computed which the Foundation’s Board of Trustees approves the value at the time of gift. The difference between the amount expenditure. The Foundation supports a wide range 32 received for the contract and its actuarially computed value of firearms and safety-related public interest activities, is recorded as revenue. For both the years ended December including youth education, range development and 2016 Annual Report

17001_NRAF_AR.indd 47 4/10/17 6:19 PM improvements, wildlife and natural resource conservation, 15, 2017. Earlier adoption is permitted. The changes in this school security and firearm training, education and ASU should generally be applied on a retrospective basis in safety programs. the year that the ASU is first applied.

TAX STATUS SUBSEQUENT EVENTS The Foundation is exempt from federal income taxes under The Foundation evaluated subsequent events through section 501(c)(3) of the Internal Revenue Code and from March 8, 2017, which is the date the financial statements STATEMENTS state income taxes. In addition, the Foundation is not were available to be issued. classified as a private foundation. The Foundation follows the accounting standard on accounting for uncertainty in income taxes, which addresses 2. Investments the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded Investments, at fair value, as of December 31, 2016 and 2015 in the financial statements. Under this guidance, the consisted of the following: Foundation may recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the 2016 2015 tax position will be sustained on examination by taxing Money market $ 2,452,755 $ 3,956,176 authorities, based on the technical merits of the position. Equity securities 49,269,448 44,912,805 The tax benefits recognized in the financial statements from Fixed income securities 19,099,401 15,902,218 FINANCIAL such a position are measured based on the largest benefit Total $ 70,821,604 $ 64,771,199 that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for Investment income (loss) for the years ended December 31, uncertainty in income taxes also addresses de-recognition, 2016 and 2015 included the following: classification, interest and penalties on income taxes, and accounting in interim periods. 2016 2015 Management evaluated the Foundation’s tax positions and concluded that the Foundation had taken no uncertain Realized (loss) gain, net $ (102,508) $ 114,288 tax positions that require adjustment to the financial Unrealized gain (loss), net 2,964,662 (3,112,914) statements to comply with the provisions of this guidance. Dividends and interest 1,729,861 1,659,312 Generally, the Foundation is no longer subject to income Total $ 4,592,015 $ (1,339,314) tax examinations by the U.S. federal, state or local tax authorities for years before 2013, which is the standard statute of limitations look-back period. 3. Pledges and Contributions Receivable PENDING ACCOUNTING PRONOUNCEMENTS At December 31, 2016 and 2015, donors to the Foundation In July 2015, the FASB issued ASU 2015-11, Inventory have unconditionally promised to give amounts as follows: (Topic 330): Simplifying the Measurement of Inventory. The amendments in the ASU require entities that measure 2016 2015 inventory using the first-in, first-out or average cost Within one year $ 2,830,939 $ 3,303,584 methods to measure inventory at the lower of cost and One to five years 1,126,150 1,808,201 net realizable value. Net realizable value is defined as More than five years 263,000 231,575 estimated selling price in the ordinary course of business 4,220,089 5,343,360 less reasonably predictable costs of completion, disposal and Less: discount on transportation. This ASU will be effective for the Foundation pledges receivable (4,403) (13,227) for fiscal years beginning after December 15, 2016. 4,215,686 5,330,133 In August 2016, the FASB issued ASU No. 2016-14, Less: allowance for Not-for-Profit Entities (Topic 958): Presentation of Financial uncollectible pledges (299,000) (198,000) Statements of Not-for-Profit Entities. The amendments in this ASU make improvements to the information provided Total $ 3,916,686 $ 5,132,133 in financial statements and accompanying notes of not- for-profit entities. The amendments set forth the FASB’s Estate proceeds bequeathed and due to the Foundation in improvements to net asset classification requirements and the amount of $641,442 and $1,412,070 were included in 33 the information presented about a not-for-profit entity’s contributions receivable at December 31, 2016 and 2015, liquidity, financial performance and cash flows. eTh ASU respectively. will be effective for fiscal years beginning after December NRA Foundation

17001_NRAF_AR.indd 48 4/10/17 6:19 PM 4. Property and Equipment as assumptions market participants would use in pricing an asset or liability. The three levels of the fair value hierarchy Property and equipment as of December 31, 2016 and 2015 are described below: consist of: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has 2016 2015 the ability to access at the measurement date. The type Buildings and of investments included in Level 1 include listed equities improvements $ 777,206 $ 777,206 and listed derivatives. Furniture, fixtures and equipment 908,900 637,562 Level 2: Inputs other than quoted prices within Level 1,686,106 1,414,768 1 that are observable for the asset or liability, either Less: accumulated directly or indirectly; and fair value is determined depreciation 540,099 370,765 through the use of models or other valuation $ 1,146,007 $ 1,044,003 methodologies. Level 3: Inputs are unobservable for the asset or Depreciation expense for the years ended December 31, liability and include situations where there is little, if 2016 and 2015 was $169,334 and $114,052, respectively. any, market activity for the asset or liability. The inputs into the determination of fair value are based upon the best information in the circumstances and may require 5. Credit Agreement significant management judgment or estimation. The Foundation maintains a $2,000,000 collateralized line In certain cases, the inputs used to measure fair value may of credit agreement with a bank, which expires September fall into different levels of the fair value hierarchy. In such 30, 2017. The agreement was secured by cash and securities cases, an investment’s level within the fair value hierarchy totaling $8,408,066 and $7,906,452 at December 31, 2016 is based on the lowest level of input that is significant to and 2015, respectively. Under the terms of this agreement, the fair value measurement. The Foundation’s assessment for any borrowings, the Foundation would make monthly of the significance of a particular input to the fair value interest payments on the daily outstanding principal measurement in its entirety requires judgment, and at a variable rate based on the 30-day LIBOR rate, plus considers factors specific ot the investment. 0.70%. At December 31, 2016 and 2015, no amounts were In determining the appropriate levels, the Foundation outstanding under the line of credit agreement. performs a detailed analysis of the assets and liabilities that are subject to fair value measurements. At each reporting period, all assets and liabilities for which the fair value 6. Fair Value Measurements measurement is based on significant unobservable inputs are classified as Level 3. The Foundation follows the Codification Topic, Fair The estimated fair values of the Foundation’s short-term Value Measurement, which defines fair value as the price financial instruments, including cash and equivalents, that would be received to sell an asset or paid to transfer and payables arising in the ordinary course of operations, a liability in an orderly transaction between market approximate their individual carrying amounts due to the participants at the measurement date and sets out a fair relatively short period of time between their origination and value hierarchy. The fair value hierarchy gives the highest expected realization. priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). Inputs are broadly defined

34

2016 Annual Report

17001_NRAF_AR.indd 49 4/10/17 6:19 PM The tables below present the balances of assets measured at fair value on a recurring basis by level within the hierarchy.

As of December 31, 2016 Assets Available-for-sale equity securities: Total Level 1 Level 2 Level 3 Consumer discretionary $ 141,495 $ 141,495 $ — $ — Consumer staples 29,657 29,657 — —

STATEMENTS Energy 13,979 13,979 — — Financials 106,189 106,189 — — Health care 96,388 96,388 — — Industrials 63,180 63,180 — — Information technology 246,449 246,449 — — Materials 15,117 15,117 — — International equities 124,485 124,485 — — Multi-strategy stock funds 46,463,457 46,463,457 — — Stock funds - commodities 1,969,052 1,969,052 — — Total available-for-sale equity securities 49,269,448 49,269,448 — —

Available-for-sale fixed income securities:

FINANCIAL Corporate bonds(a) 5,009,390 5,009,390 — — U.S. Treasury & agency 3,851,163 3,851,163 — — Multi-strategy bond funds 10,057,364 10,057,364 — — Mortgage obligations 132,588 132,588 — — Municipal bonds 48,896 48,896 — — Total available-for-sale fixed income securities 19,099,401 19,099,401 — —

Money market 2,452,755 2,452,755 — — Total investments 70,821,604 70,821,604 — — Split interest agreements 1,273,037 — — 1,273,037 Total assets $ 72,094,641 $ 70,821,604 $ — $ 1,273,037

(a) Based on its analysis of the nature and risk of these investments, the Foundation has determined that presenting them as a single class is appropriate.

As of December 31, 2015 Assets: Available-for-sale equity securities: Total Level 1 Level 2 Level 3 Multi-strategy stock funds $ 43,695,674 $ 43,695,674 $ — $ — Stock funds - commodities 1,217,131 1,217,131 — — Total available-for-sale equity securities 44,912,805 44,912,805 — —

Available-for-sale fixed income securities: Corporate bonds(a) 5,005,426 5,005,426 — — U.S. Treasury & agency 3,787,327 3,787,327 — — Multi-strategy bond funds 6,931,377 6,931,377 — — Mortgage obligations 129,881 129,881 — — Municipal bonds 48,207 48,207 — — Total available-for-sale fixed income securities 15,902,218 15,902,218 — —

Money market 3,956,176 3,956,176 — — Total investments 64,771,199 64,771,199 — — Split interest agreements 975,694 — — 975,694 35 Total assets $ 65,746,893 $ 64,771,199 $ — $ 975,694

(a) Based on its analysis of the nature and risk of these investments, the Foundation has determined that presenting them as a NRA Foundation single class is appropriate.

17001_NRAF_AR.indd 50 4/10/17 6:19 PM Money market funds, equity and fixed income securities are The Foundation follows the Codification subtopic classified as Level 1 instruments, as they are actively traded Reporting endowment funds. The Codification addresses on public exchanges. accounting issues related to guidelines in the Uniform Split interest agreements are classified as Level 3 Prudent Management of Institutional Funds Act of 2006 instruments, as there is no market for the Foundation’s (UPMIFA), which was adopted by the National Conferences interest in the trusts. Further, the Foundation’s asset is of Commissioners on Uniform State Laws in July 2006 the right to receive cash flows from the trusts, not the and enacted in the Commonwealth of Virginia on July 1, assets of the trusts themselves. Although the trust assets 2008 and in the District of Columbia on January 23, 2008. may be investments for which quoted prices in an active The Foundation includes all permanently restricted funds market are available, the Foundation does not control and temporarily restricted quasi-endowment funds in its those investments. endowments. The Management of the Foundation has For assets and liabilities measured at fair value on a interpreted UPMIFA as requiring the preservation of the recurring basis using significant unobservable inputs (Level fair value of original donor-restricted endowment gifts sa of 3), Fair Value Measurement requires reconciliation of the the date of the gift bsenta explicit donor stipulations to the beginning and ending balances, separately for each major contrary. As a result of this interpretation, the Foundation category of assets and liabilities, except for derivative assets classifies sa permanently restricted net assets (a) the original and liabilities, which may be presented net. The table below value of cash gifts donated to permanent endowment, (b) represents the reconciliation of the Foundation’s assets the discounted value of future gifts romisedp to permanent measured at fair value on a recurring basis using significant endowment, net of allowance for uncollectible pledges, unobservable inputs: and (c) the fair value of non-cash gifts eceivedr whereby the proceeds of any future sale are donor-restricted to 2016 2015 permanent endowment. The remaining portion of donor- restricted endowment funds not classified in permanently Split interest agreements, restricted net assets is classified as temporarily restricted net beginning of year $ 975,694 $ 1,047,224 assets until those amounts are appropriated for expenditure Contributions 285,267 — by the Foundation in a manner consistent with the standard Distributions received (145,533) (80,918) of prudence prescribed by UPMIFA. In accordance with Change in value 157,609 9,388 UPMIFA, the Foundation considers the following factors Split interest agreements, in making a determination to appropriate or accumulate end of year $ 1,273,037 $ 975,694 donor-restricted endowment funds:

n The duration and preservation of the fund

7. Temporarily and Permanently n The purposes of the Foundation and donor- Restricted Net Assets restricted endowment fund Temporarily restricted net assets are available for the n General economic conditions following purposes: n The possible effect of inflation and deflation

2016 2015 n The expected total return from income and the Program grants $ 37,016,860 $ 35,269,778 appreciation of investments Other, passage of time 2,120,190 1,745,923 n Other resources of the Foundation Total $ 39,137,050 $ 37,015,701 n The investment policies of the Foundation Income from the following permanently restricted net assets is expendable to support program grants in those The Foundation has adopted investment and spending respective areas: policies for endowment assets that attempt to provide a predictable stream of funding to the programs supported 2016 2015 by its endowment while seeking to maintain purchasing power of the endowment assets. The investment policy of National Firearms Museum $ 30,708,508 $ 30,543,546 the Foundation is to achieve, at a minimum, a real (inflation Youth education 5,934,547 5,776,542 adjusted) total net return that exceeds spending policy Hunting & requirements. Investments are diversified both by asset class wildlife conservation 6,956,818 6,586,005 and within asset classes. The purpose of diversification is Firearms & to minimize unsystematic risk and to provide reasonable 36 marksmanship training 2,957,776 2,903,983 assurance that no single security or class of securities will Other programs 18,893,817 18,061,197 have a disproportionate impact on the total portfolio. The Total $ 65,451,466 $ 63,871,273 2016 amount appropriated for expenditure ranges from 1% to Annual Report

17001_NRAF_AR.indd 51 4/10/17 6:19 PM 5% of the endowment fund’s fair value as of the end of the preceding year, as long as the value of the endowment does not drop below the original contribution(s). All earnings of the endowment are reflected as temporarily restricted net assets until appropriated for expenditure in the form of program grants. The Foundation’s endowments are composed primarily of donor restricted funds. The changes in endowment net assets for the years ended December 31, 2016 and 2015 are as follows:

STATEMENTS As of December 31, 2016

Temporarily Permanently Unrestricted Restricted Restricted Total

Endowment net assets, beginning of year $ (1,912) $ 8,209,000 $ 63,871,273 $ 72,078,360 Interest and dividends, net 6,538 1,409,615 22,826 1,438,979 Net appreciation (665) 2,067,627 90,815 2,157,777 Contributions 558,239 3,997 1,320,941 1,883,177 Amount appropriated for expenditure — (1,771,026) — (1,771,026) Other changes (508) — 145,611 145,104 Endowment net assets, end of year $ 561,692 $ 9,919,213 $ 65,451,466 $ 75,932,371 FINANCIAL

As of December 31, 2015

Temporarily Permanently Unrestricted Restricted Restricted Total

Endowment net assets, beginning of year $ (1,848) $ 11,169,638 $ 60,550,136 $ 71,717,926 Interest and dividends, net — 1,337,323 27,852 1,365,175 Net depreciation — (2,348,094) (64,780) (2,412,874) Contributions — — 3,354,469 3,354,469 Amount appropriated for expenditure — (1,949,867) — (1,949,867) Other changes (64) — 3,596 3,531 Endowment net assets, end of year $ (1,912) $ 8,209,000 $ 63,871,273 $ 72,078,360

The related assets are included in investments, museum 8. Operating Leases collections and pledges and contributions receivable. From time to time, the fair value of assets associated The Foundation leases warehouse space and equipment with individual donor-restricted endowment funds may under operating leases, cancelable with one year’s notice, fall below the level that the donor or UPMIFA requires the with terms expiring through 2019. The annual minimum Foundation to retain as a fund of perpetual duration. In payments related to these obligations as of December 31, accordance with accounting principles generally accepted 2016 are as follows: in the United States, deficiencies of this nature that are reported in unrestricted net assets as of December 31, 2017 $ 186,150 2016 and 2015, were $2,420 and $1,912, respectively. The 2018 186,150 deficiencies in the donor-restricted endowment funds at 2019 186,150 December 31, 2016 and 2015 resulted from unfavorable Total $ 558,450 market fluctuations and the continued appropriation of endowment assets, which was deemed prudent by the Foundation. Total lease expense for each of the years ended December 37 31, 2016 and 2015 was $186,150.

NRA Foundation

17001_NRAF_AR.indd 52 4/10/17 6:19 PM 9. Related Parties Endowment contributions and gift nnuitiesa benefiting NRA Civil Rights Defense Fund, NRA Freedom Action The Foundation is affiliated with the NRA by virtue of Foundation, and NRA Special Contribution Fund are the control vested with the NRA’s Board of Directors to pooled with Foundation investments. appoint the Trustees of the Foundation. The Foundation has received certain benefits from this affiliation at no The following amounts were due to affiliates at December 31: cost, among which are various administrative and support services. Management has determined that the fair value of 2016 2015 these benefits is minimal, and accordingly, no amounts are reflected in these financial statements. National Rifle Association $ 1,215,709 $ 908,726 The Foundation reimburses the NRA for certain NRA Civil Rights expenses, such as salaries, benefits and general operating Defense Fund 1,463,317 1,378,888 expenses, paid by the NRA on the Foundation’s behalf. NRA Freedom Action These expenses totaled $8,862,322 and $5,837,114 for the Foundation 203,237 101,071 NRA Special years ended December 31, 2016 and 2015, respectively. As Contribution Fund 1,040,353 1,041,651 of December 31, 2016 and 2015, $1,215,709 and $908,726, Total $ 3,922,616 $ 3,430,336 respectively, was owed to the NRA and included in due to affiliates for reimbursements and pass through funds still held by the Foundation. The Foundation funded certain qualified NRA programs with grants totaling $19,276,495 and $18,985,029 for the years ended December 31, 2016 and 2015, respectively.

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