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2005

Readiness Through Financial Education

2005 Annual Report


2005 First Command Educational Foundation

READINESS THROUGH FINANCIAL EDUCATION

First Command Educational Foundation is a 501(c)(3) non-profit foundation established in 1983 for the purpose of awarding scholarships to individuals seeking an undergraduate degree. In February 2001, the Foundation expanded its mission to provide financial education. The Foundation offers a variety of financial presentations and professional development courses covering many financial topics, free of charge, worldwide. First Command Educational Foundation is dedicated to providing the tools necessary for individuals to achieve financial literacy. Schedule a financial presentation for a group in your area on the topic of your choice. Contact the Foundation for more information on how we can help you increase financial literacy in your organization or local community.

First Command Educational Foundation 1 FirstComm Plaza Fort Worth, TX 76109

Phone: 817.569.2940 Toll Free: 1.877.872.8289 Fax: 817.569.2970 edufoundation@firstcommand.org

www.firstcommand.org

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2005 First Command Educational Foundation

Letter from the Chairman

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Letter from the President

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6 Special Appreciation

A Night in Sardinia

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Operational Highlights

8

In Memory

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Supporting Our Programs

10

Scholarship Recipients

12

Members of The Team

15

Financial Summary

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2005 First Command Educational Foundation

“It has been my honor and privilege to help the Foundation serve the military and civilian communities around the globe” George C. Tally Jr.

Chairman of the Board of Directors First Command Educational Foundation

Letter from the Chairman

2005 was a remarkable year for First Command Educational Foundation in many ways. It was distinguished by many victories. Contributions reached an all time high, and I join the Foundation staff in acknowledging the generosity of 480 donors whose names are listed on the pages that follow. Contributions in 2005 totaled over $1.4 million and were used to fund our scholarship, classroom, and train-the trainer programs. This year we also received the largest single donation in the history of the Foundation, thanks to the Payne family. The Foundation and the people we serve are extremely grateful for the generosity of this incredible family, and we have devoted a page in this annual report to their donation. Scholarships totaled $147,000. They were awarded to 122 high school graduates who are military dependents and to 15 ROTC students. The awards went to a dazzling group of highly qualified college-bound students. All of their names are listed in this report. High school scholarship grants are funded jointly by local First Command Financial Planning offices and the Educational Foundation. On behalf of the awardees, we thank each local office for its generous support to this important program. ROTC scholarship grants are 100% funded by the Foundation. Our Speakers Bureau was active again as our 28 volunteer speakers delivered 71 presentations, which were attended by over 6,300 personnel at military installations and in civilian communities around the world. The generous men and women who volunteer for the Speakers Bureau deserve a special note of appreciation for their time and effort. Basic Financial Management, Course I of the Personal Financial Education Series was conducted twice in 2005 (April 18-22, Cape May, New Jersey; and September 12-16, Kodiak, Alaska). Advanced Financial Management, Course II of the series, was conducted once in 2005 in Fort Worth, Texas, November 7-11. 2005 was a year of transition and change for the Foundation. At year end, we had elected a new Chairman of the Board, Harry Bartel, and a new Executive Director, Vickie Mauldin. We had filed a broader mission statement with the Internal Revenue Service (IRS) and applied with the IRS to voluntarily change our status from a private foundation to a public charity. We had also submitted an application to the Office of Personnel Management to be included in the 2006 Combined Federal Campaign. These actions will undoubtedly result in many rapid, successive achievements for the Foundation in 2006 and for many years to come. With my tenure as the Chairman at an end, I would like to express my pride in serving the Foundation for over three years as a Director and a little over one year as the Chairman of the Board. It has been my honor and privilege to help the Foundation serve the military and civilian communities around the globe. I’m extremely confident in the new Foundation leadership and anticipate numerous noteworthy accomplishments for the Foundation. My best wishes to each of you for many successes in your personal and professional lives. George C. Talley, Jr. Chairman of the Board of Directors First Command Educational Foundation

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2005

Letter from the President

First Command Educational Foundation

Picture this. A young mother, age 26, tears welling in her eyes, says goodbye to her husband before her flight departs for the Persian Gulf. Her husband holds a toddler in his arms while another small child clings tightly to her mother’s hand. Mom is going overseas to serve her country while he stays home to face the challenges of raising children and running a household alone. Are they financially ready for this? Probably not…

“Our challenge, and yours, is to help prepare these young Americans for the Or This. Young Mark graduates from high school, and with academic scholarship in hand, heads financial road off to college in August. Mom & Dad set him up with a bank account at the local bank on campus, ahead.” complete with checkbook and credit/debit card, in case he needs it for emergencies. But young Mark has no experience with credit and does not know how to balance a checking account. Indeed, Don Frizzell he probably does not appreciate the need to balance his new checking account. Is Mark ready to President of manage his finances, now that he is on his own at college? Probably not… First Command Why do so many American families struggle with their money? It’s at least partly because society does not teach us how to successfully manage our financial lives. Families don’t discuss financial responsibility with their children. Schools don’t teach personal financial skills. Instead, society emphasizes consumption, spending, immediate gratification, how to get a loan, avoid the bill collector, and file bankruptcy.

Educational Foundation

First Command Education Foundation enlists your help in the drive toward financial literacy. America has the lowest savings rate in the industrialized world. Consumers don’t understand the basics of using their own money instead of someone else’s. Nor do they appreciate the cost of these bad habits. Our Foundation can’t do anything about the amount of money a family earns, but we can fill in the blanks on how to manage it. The soldier’s challenge is to serve his country and come home safely. The young father’s challenge is to take care of his family. Young Mark’s challenge is to pursue his adult education with as few distractions as possible. Our challenge, and yours, is to help prepare these young Americans for the financial road ahead. Financial literacy will help smooth out some of the curves and dips along the way. Helping Individual Americans and their Families Achieve Financial Independence! That is why we are here! I hope we can count on your help. On a personal note, it has been my privilege to serve as the Foundation’s president since 2001. Although my retirement is effective at the end of 2005, I will continue to serve on the Board of Directors and work several days a week as a Foundation volunteer. I have enjoyed my long relationship with this Foundation immensely and leave active service with many fond memories and friends. Best wishes to you and yours for continued successes.

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Donaldson D. Frizzell President, First Command Educational Foundation

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2005 First Command Educational Foundation

Special Appreciation First Command Educational Foundation Receives Largest Donation in its History

“This generous gift from the Payne family is quite a tribute to Col. Payne, and it will provide educational programs and scholarships to many deserving individuals and students.” Don Frizzell

President of First Command Educational Foundation

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In 2005, First Command Educational Foundation received a record-setting donation of $500,000 from the family of Carroll H. Payne, founder of the Educational Foundation. This was the largest monetary gift in the Foundation’s 22year history. Coupled with the April donation of $200,000, (see “A Night in Sardinia”) the Payne family has generously donated a total of $700,000 to the Foundation in 2005 alone.

Command Financial Planning. In 1983, he established an educational foundation to provide college scholarships to the children of active duty, retired, and deceased U.S. service members and to ROTC cadets. As of October 2005, scholarship eligibility was broadened to include any individual seeking an undergraduate degree.

Over time, First Command Educational Foundation expanded its mission to include These donations from educational programs the Payne family are designed to improve designated for the personal financial literFoundation’s permaacy. The Foundation nent scholarship ennow provides its serdowment, the Carroll vices at no cost to miliCarroll H. Payne 1914 -1984 H. Payne Scholarship tary members and civilFund. In 2005 alone, the Foundation ians around the world. awarded over 130 scholarships totaling Through the continued support and genover $140,000 to college-bound students erosity of the Payne family, First Comand selected ROTC cadets. mand Educational Foundation is providCarroll H. Payne, a retired Air Force ing tools for individuals to achieve finanLieutenant Colonel, dedicated himself to cial success. We honor Carroll H. providing sound financial advice and Payne’s legacy of dedication to the wellproducts to military families. In 1958, he being and financial success of American founded the firm known today as First families.


2005 First Command Educational Foundation

A NIGHT IN SARDINIA

First Command Educational Foundation Hosts Fundraiser for Financial education “Our goal is to continue to provide scholarships and worthwhile educational programs to help individuals and families achieve financial and educational success” Don Frizzell

President of First Command Educational Foundation

First Command Educational Foundathe late Carroll H. Payne. tion’s successful debut fundraising The Carroll H. event in April 2005 raised nearly Payne (CHP) Schol$250,000. The arship Program reevent, dubbed ceived a donation “A Night in of $200,000 from Sardinia”, inChip and Carol cluded a silent Payne, in honor of Chip’s father. auction and an Other significant donations came From left: Lamar Smith, Bonnie authentic fourTalley, George Talley from Torchmark Corp.; AIM Managecourse Sardinment Group; Lamar Smith, ian meal. The gala, held at chairman of the board and the Arcodoro & PomoCEO of First Command doro Restaurant in DalFinancial Services, Inc.; las, was a great achieveAndres Construction Serment. Items for the silent auction were donated by From left: Chip Payne, Cecilia Van Donse- vices; and Howard Crump, laar, Van Van Donselaar president and COO of generous business, comFirst Command Financial Services, munity, and individual supporters and Inc. all proceeds from the event benefited the Foundation. First Command Educational FoundaAt the gala, the Foundation’s scholarship program was officially named for

Clockwise from left: Lisa Hooker, Bob Hooker, Louise Petersen, Jim Petersen, Parker Consaul, Gail Consaul, Paul Cozby, Sherry Cozby

tion was created to promote financial literacy by providing educational programs, presentations, and scholarship awards. Since its inception in 1983, First Command Educational Foundation has awarded over 3,000 scholarships totaling $3.2 million. Jim Herdt, Vince Patton

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2005 First Command Educational Foundation

In 2005, First Command Educational Foundation experienced many noteworthy events which expanded its mission and ensured the success of that mission in the future.

Operational Highlights

VICKIE C. MAULDIN ELECTED EXECUTIVE DIRECTOR

HARRY BARTEL ELECTED NEW CHARIMAN OF THE BOARD

SCHOLARSHIP ENDOWMENT FUND RENAMED TO HONOR

CARROLL H. PAYNE EXPANDED SCHOLARSHIP ELIGIBILITY TO INCLUDE CIVILIANS

CONDUCTED 3 COURSES & 71 PRESENTATIONS REACHING OVER 6,300 PEOPLE

U.S. COAST GUARD APPROVES COURSE AND PRESENTATION MATERIALS APPLIED FOR COMBINED FEDERAL CAMPAIGN

IMPLEMENTED WEBSITE APPLICATION COMMAND DEBT TERMINATOR

DELIVERED PRESENTATIONS TO OVER 750 SAILORS ABOARD THE USS BELLEAU WOOD

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AWARDED OVER 130 SCHOLARSHIPS TOTALING OVER $140,000

DEVELOPED PRESENTATIONS TAILORED TO CIVILIANS


2005

In memory

First Command Educational Foundation

This year, we mourn the loss of two of the Foundations devoted speakers. They volunteered their knowledge, experience, and time to help others achieve personal financial literacy. Their contributions to the Foundation will always be remembered.

Charles F. Riordan III Major, USAF (Retired) October 25, 1953 - February 27, 2005 As a certified volunteer of the Speakers Bureau, Chuck Riordan was an enthusiastic and powerful voice of the Foundation. He had strong convictions about the need for financial education and also served as a volunteer for the Personal Financial Management Program at Eglin AFB for five years. A graduate of the United States Air Force Academy, Chuck served his country for 19 years, finally retiring with the rank of Major. He served 3 years as Instructor Pilot at Reese AFB, 4 years as Aircraft Commander at Elmendorf AFB, 3 years as Instructor Aircraft Commander at Little Rock AFB, and 4 years as Instructor Aircraft Commander at Scott AFB. We appreciate Chuck’s years of service, and his involvement with the Foundation will be greatly missed.

James Weaver Colonel, USAF (Retired) December 4, 1940 - September 21, 2005 Jim Weaver brought 10 years of financial advisor experience to the Foundation’s Speakers Bureau. As a certified volunteer, Jim was a knowledgeable, talented speaker and an important member of the team. A graduate of the United States Air Force Academy, Jim served for 26 years and flew over 260 combat missions as a F-100D/F Super Saber Pilot in Vietnam. As well as being an instructor pilot, Jim was also commander of 2 UPT squadrons at Laughlin AFB, deputy commander of operations at Randolph AFB, wing commander at Officer Training School, and vice commander at Air Force Institute of Technology. Jim’s participation with the Foundation will be greatly missed.

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2005 First Command Educational Foundation

First Command Educational Foundation is only able to accomplish its mission of financial education with the assistance of its benevolent supporters.

Supporting our Programs CARROLL H. PAYNE FOUNDER'S CLUB TOP GUN $250,000 AND UP Payne Family First Command Financial Planning

PLATINUM $100,000 - $249,999 Carroll H. Payne II

BRONZE $25,000 - $49,999 First Command Bank

CHAIRMAN'S CIRCLE FIVE STAR $10,000 - $24,999 Lamar Smith AIM Investments

FOUR STAR $5,000 - $9,999 Andres Construction Services

THREE STAR $2,500 - $4,999 Amerisuites Bryon DeVries Tom Elmendorf

Rich Giles Hometown Threads Ron Huff Jim Petersen

Kathryn Skillington Travel Service Everywhere Jay Vance

TWO STAR $1,500 - $2,499 Samuel Adams Barry Bridger Claudia Canestra Jeffrey Geraci

Karen Hollis Vickie Mauldin Mark Nielsen Michael O'Hanlon Frederick Orr

Shad Reynolds George Talley Barry Todd Jon Vinge

ONE STAR $1,000 - $1,499

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Kurt Anderson Kelley Bennett Bradley Berger Daniel Brannon Cantey & Hanger L.L.P Mark Cincotta Melissa Cox Howard Crump Ronald Dorenbush Martin Durbin Fidelity Investments

Karen Foley Michael Mandarino Franklin Templeton Investments Donald Marcum Donaldson Frizzell Denny Mauldin General Building Maint. Co. Richard McManus Jeffrey Gibson Ott Advertising & Marketing Norman Green Theodore Smith Scott Hull William Steinke Elise John Ronald Stuart Margaret Kapuschansky Michael Wheeler Raleigh Kone Esau Williamson Darren Kreitz Richard Young


2005 First Command Educational Foundation

FRIENDS OF THE FOUNDATION SUPPORTER $500 - $999 James Agostini Richard Amelon Robert Ashton William Bartels Richard Batten LeAnn Baugh Kirk Baur Katherine Benjamin John Bennett Rachel Berry Todd Blackwell Dalise Blanton Lindsay Blanton David Bonney Lonnie Bowman Jesse Boykin David Brooks

Kelly Buchfink Paul Carmichael Joseph Casey CCCS of Ft. Worth Thomas Cheritt James Clark Frank Coots Paul Cozby Paul Cruz Mark Diunizio John Draper Kenneth Feiereisen Monte Ferguson Mark Flaherty Carlos Garza Robert Gorman Martha Gray Scott Hallock

Anthony Anconetani John Barton Curtis Baylor Joseph Beaty William Beck George Benish Mary Bissell Robert Bowman Howard Brinkman James Burroughs Carlos Casaus Joseph Cieslewicz Russell Clarke Barbie Coleman H. Consaul William Cook Rebecca Cooper Michael Corcoran Mark Corda Jerry Crissman

Timothy Custer Lauri Davis Mark Dierlam Gordon Edgin Robert Edmondson Henry Evans Joachim Exner Scott Fenn Richard Fleming Theodore Fluck Anthony Frissore Steven Gay Edson Gilmore Dennis Glynn Matthew Griffith Ferris Hackleman Ronald Hagler Michael Hardin Scott Heevner James Holley

Anthony Harvey Scott Hallock Anthony Harvey Raymond Herzog Susan Hickey Kevin Hollis C. Hudson Shawn Hurt Robert Jeffus Susan Jennaway Robin Jones Victor Jones Robert Knox Duane Lafont Deborah Lawrence James Leach Daniel Lippold

Kyle Marx Charles McGee Joseph McLaughlin Frederic Offutt Kirk Olliff Alan Orr Charles Patisaul Andrew Pike Marcia Pistner Nathan Pistner James Provo Stephen Ray Danny Rich Martin Robbins Steven Ross Dennis Rowe T Rush William Saunders

Marc Schneider Jeanne Scott Matthew Sebenoler

SF Hilton

John Sheehan Anthony Smith Paul Soderlund Richardo Solomon William Stropp Michael Theres Mark Timko Teresa Tyler Steven Vause Brad Wilson Matthew Wineriter Homer Worrell Christopher Young

BOOSTER $250 - $499 Robert Hooker Tomekia Hunt Kristin James Timothy Jennings Brian Johnston James Kirk Daniel Kowalski Robert Landzettel Christopher Lee Philip Leopold Louis Leyes Dallas Lower Jeffrey Luther Dale Marshall Henry Mart Charles Meeks William Motley William Nelson William Nichols Mark Nohrenberg Mark O'Conner

William Oliver Frank Painter Michael Parker Richard Parrington Andrew Perona William Perry Sean Pettit Thomas Presecan Doyel Price Harvey Pullen Rickard Rein Sidney Riley Gerald Saari John Sciancalepore Stephen Simmons David Sloan Robert Smith John Snider Patricia Soto Merle Spaulding

Richard Steely Charles Stenson David Surgent Kimberly Swanson Robert Swete Matthew Taheri Ronald Testa Texas Motor Speedway Probyn Thompson Robert Thomson Christopher Urness Darla Vulcan Janis Wagner Richard Wall John Wallace Michael Watson James Wolf Kurt Woods Daniel Woods X-Quizit Transportation

William Moriarty Rosemary Montgomery Rufus Morrison Elizabeth Nichols-Kelloff Gordon Olde Paul Olde Robert Patton Douglas Petersen Jill Pietrusinski Floyd Plowman Robert Ponton Jean Raines Timothy Randle John Reed Carl Richardson William Robeson Manuel Rodriguez Craig Rubin Heidi Russell Charles Russell Ronald Scarborough Steven Schanely Fred Shirley Sherry Sitton Benjamin Stahl

Mary Stalnaker Gerald Stanley Stockyards Hotel George Stratmann Brian Sundermeyer Gary Svatek Clay Swindell Chad Tennant Richard Terrell Stephen Thaeler Zachary Thompson Debra Thrush Donald Toscano Thomas Trant Graydon Uyeda Clarence Van Donselaar David Vissotzky Charles Wade Michael Walker Fred Watke Robert Watson William White Sheila Williams Terry Williamson Frank Wilson Elena Yorio

It is with great appreciation that the Foundation recognizes the assistance and generosity of the Carroll H. Payne Founder’s Circle, the Chairman’s Circle and the Friends of the Foundation.

FRIEND $120 - $249 John Anderson Reuben Argel Bruce Bain Jerre Baker David Barber Francisco Barreto Alan Batey Craig Bedard Raymond Bennett Steven Bione Gary Bishop Larry Blades Terry Bolling Ruth Boschma Beverly Bowden Jason Brown Roger Brueckbauer Patrick Burgess Gretchen Butler Linda Caler Peter Carlo Mallory Carr James Carroll John Cermak Harry Collins Rex Conner

Carl Cornelius William Crow Ann-Marie Cudzilo Winfield Davis Christopher Dentinger Paul Dunn Steven Ellis Edward Fariss Dennis Fesser LaDawn Fletcher Jeffrey Fletcher Ft Worth Parks & Community Srvcs Dept. Michael Gazzerro Jason Giles Amy Graham Lawrence Grems John Grigsby Michael Hale Beth Hansen James Harkey Larry Henderson Paul Hennessey Samantha Hilliard Beverly Hobbs

Terry Hoefar Michael Holden Henry Horton Int'l Human Development Corp. Ernest Jones Robert Keaton Donn Kegel Steven Kernahan Robert Kerr Harold Langley Jason Lavarias Chantel LeMaster Paul Lindsay Larry Markowski Scott Matlock Douglas McCafferty Michael McConnell Bradford McDonald Conn McKelvey William Meeboer Benjamin Meyer Gregory Meyer Richard Miller Jerry Mohr Henry Moreman

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2005 First Command Educational Foundation

First Command Educational Foundation awards scholarships each year to individuals seeking undergraduate degrees.

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Scholarship Recipients Student

Kyle Alfultis Sean Armstrong Stefanie Aungst Rebecca Barden Paula Barrientos Kristi Beauchemin Jennifer Berthiaume Christine Bocek Lindsey Buchanan Lisa Bugg Angela Burden Erik Burt Kristen Cahill Justin Carlton Christopher Carnes Briana Carper Cecilia Catanzaro Mindy Cavendish David Champion Sera Chereskin Christina Clark John Coker Christina Compton Andrew Cooper Jeanne Cosgrove Teresa Cromer Megan Crowley Tracee Curlett Krizia del Rosario Jessica Denning Kimberly Duffy Rachel Duke Courtney Elliott Caryn English Kristin English David Fabozzi Christine Faneuff Sarah Faulkner Elena Fedyszyn Diana Fitzgerald Bethany Fountain Ashley Garcia Kathleen Garner Nicole Goldie Sara Greenberg Jonathan Griffin Tanya Gripton Benjamin Grove Lauren Guin Amber Halavats

City & State Colorado Spring, CO Columbus, MS Virginia Beach, VA Chelmsford, MA Waipahu, HI Schertz, TX Belton, MO Biloxi, MS Montgomery, AL Greenbelt, MD Lebanon, MO Harrisville, NY Chapel Hill, NC Parker, CO Virginia Beach, VA Newport News, VA Daphne, AL Beaufort, SC Eatontown, NJ Biloxi, MS Omaha, NE Columbia, SC Ft. Sill, OK Beaufort, SC Hartford, AL Monument, CO Cheyenne, WY Charleston AFB, SC Virginia Beach, VA Jacksonville, NC Hampton, VA APO AE Sanford, NC El Paso, TX El Paso, TX Alexandria, VA Kapelei, HI Albuquerque, NM Newport, RI Virginia Beach, VA APO AE Oceanside, CA Lansing, KS Fort Sill, OK APO AE APO AE Abilene, TX Ft. Bragg, NC Fairfax, VA Waynesville, MO

University Attended Colorado School of Mines East Mississippi Community College Old Dominion University Fitchburg State College Seattle University Trinity University University of Missouri- Kansas City University of Mississippi (Ole Miss) Auburn University University of Maryland- College Park Southwest Missouri State University Cornell University University of North Carolina Chapel Hill University of Colorado Boulder University of Virginia James Madison University Troy State University Columbia College Stevens Institute of Technology University of Southern Mississippi University of Nebraska at Omaha University of South Carolina Liberty University George Washington University University of Alabama at Birmingham University of Denver University of Wyoming United States Air Force Academy University of Virginia University of Notre Dame The College of William & Mary Georgia Institute of Technology East Carolina University Virginia Tech Virginia Tech University of Georgia Angelo State University Harvard Johns Hopkins University The College of William & Mary University of Dubuque University of California Irvine Concordia University Nebraska University of Central Oklahoma Clark University South Carolina State University Baylor University University of Florida The University of Virginia Saint Louis University

Amount $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $500 $500 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $2,000 $1,000 $1,000 $1,000 $1,000 $1,500 $1,000 $1,000 $1,000


2005

Scholarship Recipients (cont.) Student Randolph Harlan Natalie Harper Melissa Herdon Tiffany Hosten Elizabeth Howe Benjamin Infanti Derek Johnson Blake Jones Kristin Jones Dana Kaita Marian Karnas Emily Kilgore Mya Knuth Brillante Kretchman David Lachut Jessica Lamoureux Matthew Langford Christina Larson Gregory Liddy Alex Mallard Kayla Martell Ashley Martin Christopher Martin Amanda Matranga Michael Matts Aileen McClure Caitlin McDevitt Melissa McInelly Meghan McPheeters Sarah Meyer Alexandra Meyerrose Danielle Mouw Jordis Nelson Laura Newson Kayla Nixon Sarah Orlovsky Heidi Owens Jamison Parker John Perez Megan Pidlaoan Brian Preston Nicholas Prieto Daniel Puhek Tisah Quarnberg Nathanael Quinn Leia Rehorn Jamie Richardson Katherine Ryan Jessica Sampson Kathryn Schumacher

City & State

University Attended

Twentynine Palms, CA Ft. Leavenworth, KS Jacksonville, NC Tucson, AZ WPAFB, OH Stafford, VA Midland, GA Niceville, FL Havre de Grace, MD Dothan, AL Burlington TWP, NJ Virginia Beach, VA Hattiesburg, MS Hanover, MD Ft Riley, KS Chester, VA Layton, UT Hinesville, GA Brunswick, ME Peachtree City, GA Milford, DE Germantown, TN Mechanicsburg, PA Middletown, PA FPO AE Minot, ND Fairfax, VA Fairbanks, AK Hampton Cove, AL Fort Sam Houston, TX Colorado Springs, CO Chapel Hill, NC Clarksville, TN Troy, NY Jacksonville, FL Swansea, IL Hampton, VA Middletown, MD Del Rio, TX Columbus, GA Albuquerque, NM Bonaire, GA Fairfax Station, VA Eielson AFB, AK Richmond Hill, GA Stillwater, OK Chester, VA Honolulu, HI Vacaville, CA Frederick, MD

University of California San Diego Washington State University East Carolina University University of Chicago Case Western Reserve University James Madison University Emory University University of Notre Dame Towson University Samford University DeSales University Longwood University University of Southern Mississippi Brigham Young University University of Arkansas at Fayetteville Brigham Young University-Idaho LeTourneau University Georgia Southern University Rensselaer Polytechnic Institute Georgia State University Pending Mississippi College Pennsylvania State University Harrisburg Area Community College Rutgers University North Dakota State Uiversity Miami University Washington State University University of Alabama University of Texas at Austin University of Colorado Disbursed to Student Austin Peay State University Rensselaer Polytechnic Institute Xavier University of Louisiana Southeast Missouri State University Auburn University Westmont college Texas A & M University Valdosta State University Disbursed to Student Liberty University George Mason University Brigham Young University Evangel University Oklahoma State University James Madison University Barnard College California State University, Sacramento Massachusetts Institute of Technology

First Command Educational Foundation

Amount $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $2,000 $1,000 $1,000 $2,000 $1,000 $1,000 $1,000 $2,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $2,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $2,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000

Congratulations to the 122 students and 15 ROTC cadets who received First Command Educational Foundation scholarships in 2005.

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2005 First Command Educational Foundation

Scholarship Recipients (cont.) Student

Colleen Seamands Christina Shelton Brianna Smith Mackenzie Smith Kathleen Smyrski Madeleine St. Martin Mark Sugimoto Sonja Swanson Megan Sylvester Susan Thomas Stephanie Utroska Kaitlyn Valente Meghan Vittrup Elisabeth Wagner Drew Wheatley DaJaun White Marlena Wietlisbach Shelita Williams Kristen Wolf Emily Wooton Kerry Yudiski Janel Zarkowsky

City & State Ft. Bragg, NC Virginia Beach, VA DeRidder, LA Beebe, AR Waipahu, HI San Antonio, TX Elizabeth City, NC Las Vegas, NV Highland, IL Oskaloosa, KS Lithia, FL Middletown, RI La Plata, MD Ft Meade, MD Marietta, GA El Paso, TX Lynn Haven, FL Hanahan, SC Woodbridge, VA San Angelo, TX FPO AE Annapolis, MD

University Attended University of Dayton The College of William & Mary University of New Orleans Pending University of Alabama Texas Lutheran University North Carolina State University Stanford University Truman State University University of Pittsburgh Florida State University Boston College University of North Texas Mount Saint Mary's University University of Georgia Doane College University of Florida Johnson & Wales University University of Virginia Harvard College University of Florida Boston University

Amount $1,000 $1,000 $2,000 $1,000 $1,000 $1,000 $1,000 $2,000 $1,000 $1,000 $1,500 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $2,000 $1,000 $1,000

ROTC Scholarship Recipients Student Air Force Eddie Cunningham Mark Manglicmot Samantha Prince The Foundation Carmen Waldron awards 15 Max Yates ROTC scholar- Army Ryan David ships per year Michael McGath to deserving Rachel Nix high school Katelyn Tenney ROTC cadets. Sara Winkler Navy

Leilani Arsenault Veronica Cooper Erika Helbling Rebecca Jones Regan King

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City & State

University Attended

Amount

Belgrade, MT College Station, TX Bellevue, CO Wingate, NC Butte, MT

Montana State University Texas A & M University University of Denver Wingate University Rensselaer Polytechnic Institute

$1,000 $1,000 $2,000* $1,000 $1,000

Tempe, AZ W. Fargo, ND Hattiesburg, MS Syracuse, NY Macomb, IL

Arizona State University North Dakota State University University of Southern Mississippi Syracuse University Western Illinois University

$1,000 $1,000 $1,000 $1,000 $1,000

Waynesboro, PA Lawrence, KS San Antonio, TX Honolulu, HI Upper Arlington, OH

Pennsylvania State University University of Kansas Harvard University University of Wisconsin at Madison Ohio State University

$1,000 $1,000 $1,000 $1,000 $1,000

* $1,000 from The Lt. Jay Smith Memorial Scholarship fund


2005 First Command Educational Foundation

Members of the Team

Board Of Directors George C. Talley, Jr. Chairman Donaldson D. Frizzell

Marianne Gray

Harry E. Bartel

Martha E. “Cisy” Gray

Martin R. Durbin Treasurer

Management/Board Officers Donaldson D. Frizzell President

Vickie C. Mauldin Deputy Director & Vice President

Phil Loignon Vice President

Pam Elliott Secretary

Staff Pam Elliott Scholarship & Office Assistant

Johnna Hicks Curriculum & Program Coordinator

Katie Hill Curriculum & Program Specialist

Speakers Bureau Ron Bernd, Puyallup, WA Arlen Biehle, Austin, TX Charlie Canedy, San Antonio, TX Ruben Cortez, Vista, CA Don Cunningham, Land-O-Lakes, FL Charles Doerler, Lawton, OK Paul Dunn, Glendale, AZ Ric Fly, San Angelo, TX Larry French, Elizabethtown, KY Bob Gabrielli, Springfield, VA Hal Howell, Arlington, TX Dave Johnson, Fort Worth, TX Jim Karr, St George, KS Gordon Kearl, Show Low, AZ

Glenn Lewis, San Antonio, TX Phil Loignon, Carefree, AZ Garrett Marcinkowski, Westford, MA Bill Palmer, Woodbridge, VA Larry Peate, Fort Worth, TX Wayne Peters, Roque Bluffs, ME Conrad Plyler, Port Orchard, WA Miyako Schanely, Black River, NY Martin L. Schoonover, Corpus Christi, TX Ellie Setser, Charleston, SC Larry Stumpf, Riverside, CA Fred Watke, Atlanta, GA Laura Wooster, North Huntingdon, PA Bill Zipperer, St Augustine, FL 15


2005 First Command Educational Foundation

Financial statements prepared by Hartman, Leito & Bolt, L.L.P. 6100 Southwest Blvd. Ft Worth, TX 76109 817.738.2400

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FINANCIAL SUMMARY


2005 First Command Educational Foundation

FINANCIAL SUMMARY (CONT.)

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2005 First Command Educational Foundation

FINANCIAL SUMMARY (CONT.)

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2005 First Command Educational Foundation

FINANCIAL SUMMARY NOTES

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2005 First Command Educational Foundation

FINANCIAL SUMMARY NOTES (CONT.)

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2005 First Command Educational Foundation

FINANCIAL SUMMARY NOTES (CONT.)

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2005 First Command Educational Foundation

FINANCIAL SUMMARY NOTES (CONT.)

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2005 First Command Educational Foundation

FINANCIAL SUMMARY NOTES (CONT.)

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2005 First Command Educational Foundation

FINANCIAL SUMMARY NOTES (CONT.)

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2005 First Command Educational Foundation

First Command Educational Foundation 1 FirstComm Plaza Fort Worth, TX 76109

Phone: 817.569.2940 Toll Free: 1.877.872.8289 Fax: 817.569.2970 edufoundation@firstcommand.org

www.firstcommand.org 25


2005 Annual Report