AFAS 2019 Annual Report

2019 FUNDING SOURCES The Air Force Aid Society relies on two main sources of revenue to fund our programs and operating expenses – market-driven returns on our investments and donations.

INVESTMENTS As the chart below reflects, AFAS utilizes returns from its investment portfolio to bridge the gap between donations raised and program support funded. As a result, 100 percent of individual charitable donations can be used directly on mission-focused programs to help Airmen and their families. The Board of Trustees is responsible for the investment portfolio. This is managed by the Board’s Finance Committee with advice provided by outside investment professionals and administrative support from the headquarters staff. These funds ensure the Society will be able to assist Airmen and their families far into the future while maintaining the ability to surge in the event of a natural disaster. For example, during 2018, the Society was able to provide $6.5 million in unbudgeted emergency support to Airmen affected by Hurricane Michael, by pulling additional funds from the investment portfolio. Following a strong year economically in 2019, the portfolio’s value climbed to $206 million as of 12/31/2019. Every $1 million of program funding requires $17 million in investments, earning 6% annually.

AIR FORCE ASSISTANCE FUND The U.S. Air Force administers an annual Air Force-wide fund drive to benefit four important Air Force-affiliated charities, AFAS being key among them. In 2019, the AFAF campaign raised a total of $1.9 million for AFAS. The AFAF campaign truly demonstrates the Airmen helping Airmen philosophy that the Society was founded on. AIR FORCE CHARITY BALL The Air Force Officers’ Spouses’ Club of DC holds an annual ball benefitting AFAS. The 2019 Charity Ball gave a net gift of $636,000 to AFAS. PRIVATE DONATIONS In addition to our two main fundraising activities – AFAF and the Air Force Charity Ball - AFAS also solicits funds from other sources. In 2019, $1.1 mil- lion in donations were received from other orga- nizations and individuals to include a $119,000 in estate bequests.

USAF Charity Ball $636,000

Private Donations $1.1 M

AFAF Campaign $1.9 M

Planned investment Spending $8.7 M

FOR EVERY $1 DONATED, AFAS DEDICATES $3 IN SUPPORT OF AIRMEN

AFAS.ORG / 2019 Annual Report

afas.org

Made with FlippingBook - Online Brochure Maker