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Celebration of Giving 2017 EAA Report for Donors and the Foundation Greetings!

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Celebration of Giving 2017 EAA Report for Donors and the Foundation Greetings! Celebration of Giving 2017 EAA Report for Donors and the Foundation Greetings! Thanks for taking time to review EAA’s Celebration of Giving Report. It is a daunting task to compile, in a limited amount of space, all the things that our organization has accomplished over the past few months. However, it is a labor of love and an important task as well. It is essential that we share the accomplishments of the past to chronicle where we’ve been and where we’re going. As you will see in the financials, membership dues and EAA® AirVenture® Oshkosh™ supply the basic operational support for EAA’s programs and services, but further innovation and outreach depend on two additional sources: volunteers and philanthropic support. The result of these combined sources of support is easy to see — it is in the look of excitement and wonder of a Young Eagle discovering aviation; in the proud, inspiring gaze of a veteran seeing a restored warbird take to the sky; or the overwhelming moment a student realizes a scholarship will make dreams of an aviation career come true. We receive these stories almost every day, but each of them is a life-changing moment for these individuals. Each of those moments is made possible through your support. That is why we love telling these and donor stories in our Celebration of Giving Report, and why we want to give you the opportunity to make these moments possible for more people. EAA’s mission is to grow participation in aviation. Your support makes it possible. Yours truly, Jack J. Pelton CEO and Chairman of the Board, Experimental Aircraft Association 2 Experimental Aircraft Association, Inc. Sport Pilot Academy – Your Donations At Work Jakob Brouillette, Edward Kolb, Dawson Morgan, and Michael Long — all former Young Eagles — recently passed their FAA checkrides at the conclusion of a three-week EAA Sport Pilot Academy flight training experience held in Oshkosh. “This is absolutely the way to do it,” Jakob said. “To be surrounded by airplane people. To be able to receive training in a concentrated format where you have airplanes ready to go...To have the instructors here with us, all of us living together and being able to work on our pilot license together — there’s a component of camaraderie here that you won’t find in a normal flight training environment.” The Sport Pilot Academy is a new initiative for EAA. The program and its participants received generous support through the proceeds of the 2016 Gathering of Eagles event. According to Joe Norris, EAA flight training manager, “The August 2017 Sport Pilot Academy was a resounding success. The four applicants came well prepared and highly motivated. They were blessed with great weather and took full advantage of it, completing their pilot certifications in record time.” Joe went on to say, “we are excited with this initial training format and look forward to future development of the program. EAA is happy to have helped add four new names to the roster of certificated pilots!” All four Sport Pilot Academy graduates plan to remain active aviators. Dawson wants to graduate from college with an aviation-related degree and pursue a career as a pilot. Michael and Jakob are pondering careers in the sky, while Edward hopes to obtain a position as an aircraft maintenance technician and fly as a hobby. B-25 Berlin Express – Restoration Update During EAA® AirVenture® Oshkosh™ 2017, EAA publicly launched a $400,000 campaign to restore its North American B-25 Mitchell to flying status. So far we have secured more than $260,000 toward our goal and volunteers have put in more than 9,000 hours on the aircraft. We are on track to hear the roar of the Wright Cyclone R-2600-13 14-cylinder radials of EAA’s B-25, Berlin Express, in 2018. This flight will be the first for the aircraft since the 1980s. After its debut, the Berlin Express will join EAA’s fleet of flight experience aircraft that includes our B-17, Aluminum Overcast, and our Ford Tri-Motor, Tin Goose. The B-25 will travel across the country to give people of all ages an opportunity to experience one of America’s most iconic World War II bombers. Experimental Aircraft Association, Inc. Celebration of Giving 3 Values + Legacy + Aviation = EAA Aviation Foundation EAA members are more than pilots — they are passionate aviation enthusiasts. They look up when they hear a plane passing overhead. They often think about flying when they are on the ground. And most importantly, they have a profound understanding and appreciation for the role that aviation has played in their life and want to share their passion with others — especially the next generation. One way to share your passion, and to assure that a strong future remains for personal flight, is to create a named fund within the EAA Aviation Foundation. By creating a named fund, you create a personal or family legacy of giving to an activity that has played an important role in your life. In addition, you guarantee that the vital educational and outreach activities of EAA will be around for future generations. As the premier aviation association for personal flight, the Experimental Aircraft Association and its membership have for more than 60 years inspired, educated, and nurtured The Spirit of Aviation® in the next generation of pilots. If you want to secure your legacy in the future of aviation, we encourage you to reach out to Ken Strmiska, EAA vice president for philanthropy and donor stewardship, to explore how a named fund can further your values and charitable legacy. Ken can be reached at (920) 426-5901 or [email protected]. Frequently asked questions about named funds: What are the benefits of having a named fund? Similar to a mutual fund, a named fund within the EAA Aviation Foundation is held and managed as a separate, unique account within the foundation. Named funds are typically endowed — meaning that they are intended to provide perpetual support to a defined programmatic area. Because it is a separate fund, the donor or the donor’s family can receive periodic reports on the fund’s management and distributions. You will have confidence knowing how the funds are being invested and how the grants from the fund are impacting the next generation of aviators. The other benefit is that donors can add to the fund at any time through yearly gifts or a combination of yearly gifts and an estate provision. 4 Experimental Aircraft Association, Inc. How do you establish a named fund? Working with a member of the EAA philanthropy and donor stewardship team, the donor signs a designated fund contract to establish the fund. The contract establishes the purposes of the fund and the distribution criteria. Named funds can be established for an initial commitment of $10,000 or more. The commitment can be paid in one gift, over multiple years, or through an estate gift. Who establishes the purposes of the fund? The donor in consultation with the EAA philanthropy and donor stewardship team. Named funds typically support activities in one or more of the following broad categories: • Scholarships • Unrestricted Organizational Support • Educational (youth/adult) Programing • EAA® Aviation Museum and EAA® AirVenture® Oshkosh™ Grounds Improvements • Experiential Program Support Per IRS regulations, donors establishing named charitable funds may only designate a broad purpose or organization to benefit from their gift, not specific individuals. Is EAA different than the EAA Aviation Foundation? Yes. EAA is the membership association and the programming entity while the foundation is a separate corporation that exists to accept and manage primarily long-term or endowed charitable gifts. Both are 501(c)(3) public charities with separate governing boards. How are distributions from my fund made to fulfill its stated purpose? The foundation is responsible for making sure that distributions or grants are made to EAA per the fund agreement. Typically, four percent of the fund balance is eligible for disbursement each year for activities that meet the stated distribution criteria. Experimental Aircraft Association, Inc. Celebration of Giving 5 The following is a list of current named funds administered by the EAA Aviation Foundation. EAA Scholarships Internships The following funds support aviation scholarships The following funds support summer to participate in EAA’s Air Academy and internships at EAA. Educational Programming. Education Scholarship Allen Davis Scholarship Harrison Ford Scholarship Bury Family Scholarship Fund Pioneer Work Experience D Hopkin Memorial Scholarship Russell MacFarlane Scholarship Donald Nietz Scholarship Fund WASP Scholarship Education Scholarship Wittman Internship George Taylor Scholarship Women in Aviation - Timken Glenn Smith Scholarship Harrison Ford Scholarship Flight Training Jack Mark Scholarship The following funds support flight training James Stafford Scholarship Fund scholarships and the achievement of a Jason Kurt Lohr Aviation Scholarship pilot’s certification. John Paradiso Scholarship Fund Gregory Charitable Remainder Unitrust John Sandberg Scholarship Noah Favaregh Scholarship Leeward Scholarship Wallace Peterson Scholarship Leo Giles Memorial Scholarship McRoberts Memorial Scholarship College Scholarships Michael Neunteufel Memorial Scholarship The following funds support post-secondary Neale Slater Memorial Scholarship education scholarships for aspiring aviators. Richard Reitz Memorial Scholarship Robert B. Weronke Academic Scholarship Fund Chaudoin Scholarship Russell MacFarlane Scholarship Doolittles Raiders Tex Edwards
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