2023-2024 Impact Report: Naval Academy Fund

The Naval Academy Fund is the most powerful way to support the U.S. Naval Academy. It serves as the driving force behind all Academy philanthropy and provides the Superintendent with the flexibility to address the Academy’s emerging needs at a moment’s notice. While federal funding covers the Academy’s general operations, many programs would fall short of their potential without the support of alumni, parents and friends of the Academy.

Today’s midshipmen graduate into an increasingly complex world, and federal funds often can’t keep pace with the evolving curriculum needed to prepare them as junior officers and leaders of character. Your unrestricted gifts to the Naval Academy Fund enable Academy leadership to initiate or sustain programs that enhance this expanding curriculum.

Contributions to the Naval Academy Fund, which support the operations of the Foundation, also make a wide range of Academy programs possible. These include study abroad opportunities, senior year Capstone projects and experiential leadership development programs. Additionally, the fund provided $2.1 million to the Alumni Association, supporting programs and services for the Naval Academy community.

This flexibility is why the Naval Academy Fund is the Superintendent’s number one priority for private gift support.

NAVAL ACADEMY FUND: SUMMARY

NAVAL ACADEMY FUND YOUR

IMPACT

$2.1M supporting programs and services through the Alumni Association

$2M in funding to the Superintendent’s emerging priorities

SUPERINTENDENT’S UNRESTRICTED FUND

The Naval Academy Fund provides the Superintendent $2 million of annual support which they can designate to emerging and critical needs, such as the following:

Ì Expanded midshipman Experiential Leadership opportunities, specifically the National Outdoor Leadership School (NOLS).

Ì Several academic initiatives, including

» U.K. Scholarship Program

» Bancroft Lecture Series in History

» Faculty recruitment and orientation

» Annual faculty awards and dedication ceremony

Ì Diversity and inclusion initiatives

Ì Office of Admissions outreach and marketing

Ì Blue & Gold Officer training

Ì NAPS Athletic Programs

Ì Small scale facility upgrades:

» New benches for Ceremonial Area

» Repairs to the USS Maine Foremast Memorial

» Repairs to the Torpedo display near the recently rebuilt Farragut Seawall

» Cleaning of the plaques on the Macedonian and Mexican Monuments

Ì Superintendent’s representational support

THE ALUMNI ASSOCIATION

The Naval Academy Fund also supports mission-critical functions of the Alumni Association, which serves the Naval Academy and all its alumni. While most colleges and universities at least partially fund their alumni and development operations, by law the Naval Academy cannot provide that support. The Naval Academy Fund augments other Alumni Association revenue streams to provide quality and relevant Alumni Support Services such as our newly launched Spouse Support Program, Medical Facilitation and Career Programs and support services, including co-hosting the inaugural Naval Academy Entrepreneurs Summit.

THE FOUNDATION

Unrestricted gifts to the Naval Academy Fund provide the sole source of funding for the operations and staffing of the Foundation. In turn, the Foundation executes all fundraising in support of the Naval Academy and raised more than $80 million in annual commitments this fiscal year.