ANNUAL REPORT 2021
HONORING THE 20 TH ANNIVERSARY 9.11.2001
HEADQUARTERS 44900 PRENTICE DRIVE DULLES, VA 20166 CHILDREN OF FALLEN PATRIOTS FOUNDATION FALLENPATRIOTS.ORG 866-917-CFPF (2373) CONTACT@FALLENPATRIOTS.ORG
COLLEGE FOR THEIR CHILDREN
®
FALLENPATRIOTS.ORG
CFC CODE: 69859
COLLEGE FOR THEIR CHILDREN
Approximately 25,000 children have lost a parent in the military over the last 35 years. Children of Fallen Patriots Foundation works to ensure a college education for military children who have lost a parent in the line of duty. Since our founding in 2002, we have awarded over $51 million in support to over 2,200 children of our fallen, including 952 graduates. Your support makes it all possible.
THIS YEAR, WE COMMEMORATED THE 20TH ANNIVERSARY OF THE TERRIBLE EVENTS OF SEPTEMBER 11, 2001 . AS WE HAVE EVERY DAY OF THE PAST TWO DECADES, WE REMEMBER AND HONOR ALL THOSE WE LOST ON THAT DAY AND IN THE LONG YEARS SINCE. WE ARE AGAIN HUMBLED BY THE DEDICATION AND SACRIFICE MADE BY SO MANY OF OUR CITIZENS WHO CONTINUE TO STEP UP EVERY DAY TO KEEP US SAFE.
ANNUAL REPORT 2021 | 1
Dear Friends & Patriots,
It is incredible to look back and realize that it’s been now more than two decades since the attack on the World Trade Center and the Pentagon. Our world was transformed the instant the first plane hit the north tower, and the consequences still reverberate twenty years later.
Millions of American troops served in Afghanistan, Iraq and dozens of oth- er countries during the Global War on Terror. They sacrificed life, limb and spirit during a grinding and ambiguous fight. But they accomplished their mission – no terrorist has since struck our homeland. But the personal toll of their service was tremendous. Even in the last days of our presence in Afghanistan we saw why our mission at Children of Fallen Patriots remains so vital – Lance Corporal Rylee McCollum died for his country 18 days before his daughter Levi was born. Thanks to your patriotism and love of our military and their families, Levi will one day re- ceive the college education her father would have wanted for her. You are a key part of mak- ing her dreams come true and for that I am sure her father is profoundly thankful. The parallelism with our founding is also striking. 32 years ago, Sergeant Delaney Gibbs was killed in combat in Panama three months before his daughter was born. She is the reason Children of Fallen Patriots came to be and the reason that Levi will one day attain her college dreams. We pray that 30 years from now that cycle of hope will continue to lift up the chil- dren left behind by the inevitable cost of maintaining liberty. Each and every one of you who have joined our cause is a patriot serving our great nation. You have joined the tradition of service that animates the members of our armed forces. You are ensuring that Rylee and our other fallen heroes will always be honored by their fellow Americans. Cynthia and I are moved beyond words by your friendship and support!
David and Cynthia Kim and the Children of Fallen Patriots Team
2 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 3
SUPPORT DEPLOYED
STUDENTS SUPPORTED
2,212 TOTAL
904 2021
$ 8.2 M 2021
$ 51 M TOTAL
ELIGIBLE STUDENTS
25,000 TOTAL
COLLEGE GRADUATES
952 TOTAL
131 2021
SCHOOLS ATTENDED
STATES/ TERRITORIES REPRESENTED 51 TOTAL
1,119 TOTAL
437 2021
INTERNSHIP/JOB PLACEMENTS
Picutured here are just a few of our dedicated scholars and the parents they have lost
47 TOTAL
8 2021
4 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 5
Our Scholars
Morgan Belser Jacksonville University ‘22 DAUGHTER OF US ARMY CAPTAIN DONNIE BELSER
M organ Belser is the daughter of fallen U.S. Army Captain Donnie Belser. “My dad was my entire world, we did almost everything together,” she explained. “He was very loving and al- ways talked me through the bad times and I knew everything was going to be okay.” Morgan was only seven years old when he passed away. With the help of Children of Fallen Patriots Founda- tion (Fallen Patriots), Morgan is studying psychology and dance at Jacksonville University. “My goal is to be a pediatric dentist or orthodontist because I want to ensure children are not scared or dread going to their next appointment.” She would also love to have a side job dancing, which is her true passion and has guided her through dark times. “My Dad started my dance career and took me to all of my first classes. When he died, I felt like I could not do anything anymore, but dance helped me come out of that and pushed me to pursue it even harder.” Morgan is a member of United We Dance, an orga- nization where women come together to teach each other different styles of dance without judgment. Her goal in life is to inspire others to do what they love. When asked what advice she would give to others going through a similar experience, Morgan says, “Sometimes it feels like no one is feeling the pain that you are in but there are more people going through the exact same thing that you are going through. There is always someone to talk to and you might just not know it at that time. Surround yourself with peo- ple and things that make you happy!” “My Dad would be proud of me for making it this far in my academic career. Fallen Patriots has given me opportunities I did not even know I had!”
DONNIE BELSER 1978-2007
U.S. Army Captain Donnie Belser lost his life on February 10, 2007, in Iraq. He leaves behind a wife and two children, Morgan and Myles.
6 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 7
Responding on all Fronts
IDENTIFYING CHILDREN
FUNDING THE GAP
Even after every other source of aid is pieced to- gether, a persistent gap of about $25,000 per child remains for the total cost of college. With over 52% of surviving families making less than $50,000 per year, that gap can be unsurmountable. That is where Fallen Patriots steps in.
Identifying all 25,000 students who need help is one of our primary strategic goals. We believe our database is as big or bigger than any in our space. We work with the VA, the Department of Defense, military units and other military charities to identify students. We will not rest until we find them all and connect them with the help they deserve and need.
52% of families earn less than $50K/year
25,000 children need our help
Students in Fallen Patriots Database: 10,921 All other students: 14,079
EXPANDING OPPORTUNITIES
SUPPORTING DIRECTLY
95%* of the revenue raised goes directly to program- ming and scholar support. Our operating costs are almost fully covered by our generous and committed Board, allowing almost every dollar raised to be put to work where it is needed most.
Over 75% of the families we serve struggle to make ends meet. Our scholarships not only lift a huge fi - nancial burden but also provide a precious reminder to our scholars that their fellow Americans will never forget their parent’s sacrifice.
95% * of funds raised go directly to programming & scholar support
75% of families struggle to make ends meet
* Board donations fund nearly all administrative and fundraising expenses
* Net of Board Donations
8 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 9
Our Scholars
Caitlin Rowe University of Southern Califonia ‘22 DAUGHTER OF U.S. MARINE CORPS MAJOR ALAN ROWE
C aitlin Rowe is the daughter of fallen U.S. Marine Corps Major Alan Rowe. He was killed in action September 3, 2004. His loved ones say he was humble, strong, smart and hard-working. Caitlin says, “He loved the Marine Corps and had the respect of his Marines and his superiors.” With the help of Children of Fallen Patriots, Caitlin is studying environmental engineering at the University of Southern California. “I thought I would try to find a field where I can take math and physics and do something that contributes to society’s well-being,” explains Caitlin, “Be it sustainability for our environment, or urban plan- ning which allows our natural environment to be pre- served, I am looking forward to making a difference.” Caitlin takes solace in knowing her father was proud to serve his country. “I know how much serving our coun- try meant to him, and that gives meaning to his death. I know he died doing something he loved and believed in, which makes me proud he was serving our country in the military,” Caitlin says. Caitlin credits Children of Fallen Patriots support for helping make college transition easier. “I was able to get into a top school at a private university,” she says. They even helped with the purchase of a computer as well as college tuition.
ALAN ROWE 1968-2004
U.S. Marines Major Alan Rowe lost his life on September 3, 2004, in Iraq. He leaves behind a wife and two children, Caitlin and Blake.
WATCH CAITLIN’S ADDRESS TO THE GREENWICH GALA
10 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 11
Purpose Driven
DEDICATED BOARD
KEY PARTNERSHIPS
We are honored to have on our Board many accom- plished executives who are passionately dedicated to servicing military families. They come from the world of the military, media, operating companies, and fi - nance. They are united in their desire to give back to those who gave all for their country. This year, we wel- comed four new members to our Board.
We look to establish win-win partnerships with great companies to increase the level of support and aware- ness around the importance of the Fallen Patriots mission. We are immensely grateful for the support of organizations like the A. James & Alice B. Clark Foun- dation, who not only provide generous donations, but also inspire others to contribute as well.
“Children of Fallen Patriots makes a tremendous difference, not just monetarily but emotionally. Our families take great comfort in knowing that people still care about them and that a friendly face will be there to support their educational aspirations.” —HOLLY PETRAEUS
FALLEN PATRIOTS STAFF
BEST IN CLASS
We impose high standards on ourselves, making it much more gratifying to receive recognition from many accredited organizations. Fallen Patriots is proud to have been awarded a four-star and perfect 100% rating from Charity Navigator, an A+ rating from the Better Business Bureau, certification from the Inde - pendent Charities of America, and a Platinum Guide- star rating. These ratings highlight our dedication to transparency and accountability.
We are proud to employ an amazing team that includes military veterans as well as former scholars and family members who have previously benefited from Fallen Pa - triots scholarship support. Providing emotional care to our families is just as important as the financial support we provide, and no one is better equipped to provide that care than those who have gone through a similar loss.
52% of our full-time staff are Gold Star children or family members
CFP is among top <1% of charities to receive a 100% rating in 2022.
12 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 13
Our Scholars
Johannah Bordelon University of California Berkeley, ‘21 DAUGHTER OF U.S. ARMY FIRST SERGEANT MICHAEL BORDELON
J ohannah Bordelon is the daughter of U.S. Army First Sergeant Michael Bordelon. He lost his life on May 10, 2005 when a roadside bomb detonat- ed during Operation Iraqi Freedom. He is remem- bered by loved ones as the most inspiring and incred- ibly hardworking man who was constantly laughing. “He was always in a good mood,” said Johannah. “I was a total daddy’s girl and always wanted to be with him or holding him at all times.” Johannah and her brother grew very proud of their father’s service and sacrifice. “My father’s military service is carved into my life. It is something I think about daily. His presence has always been with my family and his strong-willed characteristics has in- grained itself into me. My brother and I were raised with a sense of pride though his sacrifice. His service is something that makes me proud to be his daughter and have a great respect for our nation’s flag, for my father died to protect our country. With the help of Fallen Patriots, Johannah is studying architecture at the University of California, Berkeley. Her goal is to land a job with a firm after she gradu - ates. “Grow-ing up, I have always had an interest in art and expressing myself creatively. Once I came to college I took an Environmental Design course and completely fell in love with the work.”
MICHAEL BORDELON 1967-2005
U.S. Army First Sergeant Michael Bordelon lost his life on May 10, 2005, when a roadside bomb detonated during Operation Iraqi Freedom. He leaves behind a wife and two children, Johannah and Jacob.
14 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 15
Stepping Into a Bright Future
Holistic Approach Providing our students with a college education is crucial to our mission, but ensuring these students are setup for success once they graduate from college is just as important to us.
Fallen Patriots scholars have attended 1,181 different schools. While many are traditional four-year colleges and universities, our scholars also attend community colleges, trade schools, military academies, and historically black colleges and universities (HBCUs).
CAREERS & INTERNSHIPS O utside of the financial support we provide, we also seek to connect our students to professional opportunities with our corporate partners. These opportunities take the form of internships, full-time jobs, and career exploration seminars. To date, we have placed 20 students in internships and 27 students in full-time jobs with our corporate partners.
INTERNSHIP PLACEMENTS
20
FOUR-YEAR COLLEGES
TRADE SCHOOLS
FULL TIME PLACEMENTS
27
TWO-YEAR COLLEGES
CAREER SYMPOSIUMS O ur corporate partners have also hosted several career symposiums for our students, where corporate executives share their experiences and insights to help our students expand their knowledge of the professional world and get exposed to new industries.
CAREER SYMPOSIUMS
MILITARY ACADEMIES
8
HBCUS
STUDENTS ATTENDED 145
16 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 17
Fund a Scholar Challenge The COVID-19 Pandemic spurred us to innovate our campaign strategies in order to continue supporting our students and families. In lieu of our New York City Gala, we conducted the virtual Fund a Scholar Challenge to secure funding for our students. Thanks to the incredible generosity and support from our donors, we raised nearly $1.3 million in funding which will provide 52 4-year scholarships for our students!
PARTICIPATING COMPANIES & INDIVIDUALS
TOTAL RAISED
$ 1.3 M
806
“Thank you to everyone who participated in the Fund a Scholar Challenge! As a scholarship recipient, there are no words to describe how thankful I am for the support Fallen Patriots has given me while I chase my dreams. Because of Fallen Patriots’ support, I was able to graduate debt free from Colorado State University in May 2021. I was also able to create professional connections with corporate partners which led me to a full-time role after graduation. I couldn’t be more proud to be a gold star child and a member of this foundation.”
—Cassidy L., CFP Scholar
18 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 19
2021 Events
12 th Annual Greenwich Gala Honoring those we lost on September 11, 2001
Children of Fallen Patriots raised over $3.3 million to sup- port the college education of Gold Star children at the 12th Annual Greenwich Gala which will cover more than 508 years of college for Fallen Patriots scholars. On No- vember 6, 2021, more than 500 people gathered at the Riverside Yacht Club in Greenwich to honor Gold Star families and the courageous servicemen and service- women who have fallen defending the United States. To mark this year’s 2021 Patriot Award, Lieutenant General
Andrew P. Poppas, Director of the Joint Chiefs of Staff, was honored for his exceptional military career and de- votion to the safety and freedom of America. Featured student speaker Caitlin Rowe shared her family’s story about her father Marine Corps Major Alan Rowe, who was killed in action in 2004 while serving during Operation Iraqi Freedom and shared how the foundation has im- pacted her life.
$ 3.3 M RAISED
WATCH THE GALA VIDEO
20 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 21
2021 Events
Major General Mennes Zoom Event
Virtu General Dawkins Zoom Event
Helicopters for Heroes
7th Annual Southpoint Golf Charity Event
Children of Fallen Patriots had the opportunity to speak with Major General Brian Mennes and General David Petraeus. Our donors and students listened to Major General Mennes speak on his extensive knowledge of US military operations and lessons he learned while serving our country in Afghanistan.
We are thankful to Virtu for participating in our inaugu- ral Fund a Scholar Campaign. Because of their generos- ity and love of our mission, they hosted a virtual event which recognized eight of our students as “General Dawkins’ Scholars.” This cohort of scholars had the op- portunity to interact and ask questions to General Daw- kins. Our scholars appreciate the generous support in helping them achieve their academic dreams and goals!
This past February, Fallen Patriots scholars had the opportunity to attend Helicopters for Heroes’ event where they heard from some of America’s finest men and women. Our students were able to bond with each other as well as learn valuable lessons from our service members. We are blessed for Helicopters for Heroes being a part of the Fallen Patriots family and their con- stant moral and educational support of our scholars!
Children of Fallen Patriots is endlessly grateful to be a beneficiary of Southpoint Capital Advisors 7th Annual Charitable Golf Outing. Thanks to Southpoint’s gener- osity and contributions, $275,000 will be provided to our scholars. We are appreciative of their continuous support!
22 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 23
Social Impact
Investing $25K in a CFP Scholar lifts their lifetime earnings by +$405K.
“Children of Fallen Patriots has impacted my life by taking the burden of student loans off my shoulders. They have been so incredibly helpful and are easy to contact. I am so lucky to have found such an amazing scholarship.” – Johannah B., CFP Scholar
Children of Fallen Patriots is proud to support Gold Star families from all ethnic and socioeconomic backgrounds.
CFP GRADUATION RATES FAR EXCEED THE GENERAL POPULATION
A COMPELLING ROI
59% OF SCHOLARS ARE FEMALE
33% OF FAMILIES ARE MINORITIES
38% OF SCHOLARS ARE FIRST GENERATION
GRADUATION
NATIONAL AVERAGE
CFP
RATES
STUDENTS
• On average, bachelor’s degree holders make 74% more in median lifetime earnings than those with just a high school diploma* • Our students are achieving a 91% college graduation rate.
All Students
46 %
91 %
Students who lost a parent
29 %
91 %
Black Students
31 %
93 %
Hispanic Students
23 %
84 %
59% Female 41% Male
21% Black/African American 8% Hispanic 4% Other 67% White
38% Neither parent attended college 16% Mother only attended college 14% Father only attended college 32% Both parents attended college
IMPACT OF SCHOLARSHIPS LIFTS LIFETIME EARNINGS OF STUDENTS
• All CFP recipients graduate college debt free
Many of our students attend Historically Black Colleges & Universities
RETURN ON INVESTMENT
AVG. INCREASE IN LIFETIME EARNINGS
Fallen Patriots is the reason I went to and graduated from Howard. They have helped me through the four hardest years of my life, and I cannot thank them enough. I always say they’re like my family. – Alanna S., CFP Scholar
55 GRADUATES
17 CURRENT STUDENTS
All Students
16x
+$405k
*2022 Census Bureau Study
Black Students
20x
+$504k
Hispanic Students
25x
+$491k
24 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 25
Corporate Partners
T his past November, Fallen Patriots was honored to be a beneficiary of Casey’s Here for Veterans Campaign. Casey’s rallied its guests across its 16-state footprint through an in-store, round-up campaign to raise funds to provide scholarships to military children. Casey’s Here for Veterans Campaign raised a total of $500,000 for Children of Fallen Patriots Foundation. In addition, Casey’s and PepsiCo joined together for PepsiCo’s Rolling Remembrance campaign to honor our scholars and their families in 2021. We are so grateful for our new partnership with Casey’s and look forward to growing our partnership in 2022!
C iti e for education was created in 2013 by CitiFX to raise awareness and funds for education-focused non-profit organizations who tackle childhood illiteracy and improve access to quality education. Children of Fallen Patriots is honored to have been an e for education partnering non-profit since 2016. Citi’s 9th Annual e for education Campaign raised $940,000 for Children of Fallen Patriots. Throughout the campaign, Citi professionals engaged our scholars through a career symposium in New York City and a stock trading competition. Thank you to everyone at Citi for your constant support and encouragement of our scholars!
“Every day, Casey’s is committed to supporting our guests, and we know our guests are just as committed to serving the men and women who have served this great country. As a veteran myself, I am proud to be a part of Casey’s support of military heroes and their families, and this remarkable organization.”
DARREN REBELEZ, CFP BOARD MEMBER CEO, CASEY’S GENERAL STORES, INC.
$
$
CUMULATIVE SUPPORT
CUMULATIVE SUPPORT $1.2M
YEARS OF COLLEGE FUNDED
YEARS OF COLLEGE FUNDED
$6M
192
960
26 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 27
Corporate Partners
P epsiCo’s 6th annual Rolling Remembrance campaign was a success this October! PepsiCo ventured on an 8,000+ mile long relay from Seattle to New York. During their journey, PepsiCo’s had drivers that are U.S. Veterans transport an American Flag flown overseas to benefit and raise awareness of Children of Fallen Patriots Foundation. Children of Fallen Patriots is endlessly grateful for PepsiCo’s support and look forward to growing our partnership in 2022!
W e would like to thank everyone at Gray for their incredible support of Fallen Patriots this past year! Their $742,000 donation in 2021 enabled us to fund 86 Fallen Patriots scholars, which guarantees funding for those students for their entire college education. In 2022, we look forward to growing our new partnership through internship placements for our scholars and a career symposium for our scholars to meet with Gray executives and learn about their company.
“Rolling Remembrance allows us to recognize the sacrifices of veterans and their families and contribute to a cause we believe in deeply. It is an honor to also have the ability to involve our own employees who have served their country, whether it’s by giving them the opportunity to drive a leg of the trip or organizing events along the route.”
JIM FARRELL, CFP BOARD MEMBER SENIOR VICE PRESIDENT, OPERATIONS, PEPSICO
Gray 2021 Annual Meeting
$
$
CUMULATIVE SUPPORT $1.4M
CUMULATIVE SUPPORT $1.3M
YEARS OF COLLEGE FUNDED
YEARS OF COLLEGE FUNDED
208
224
28 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 29
Corporate Partners
RBC Capital Markets
T his past year, RBC’s efforts and contributions through Trade for the Kids and grants combined to raise $250,000 for Fallen Patriots scholars. Thanks to employee participation in RBC Trade for the Kids, RBC will help Fallen Patriots cover more than 40 years of college for our scholars. Thank you to everyone at RBC for your generous contributions and support this year!
I n 2021, The Embassy of the State of Qatar in Washington, D.C. donated twenty new laptops to twenty Children of Fallen Patriots scholars. This generous donation enables our students to have access to their education while taking away the stress of having to purchase a computer, which can become expensive. We are grateful to The Embassy of the State of Qatar in Washington, D.C. and His Excellency Ambassador Meshal bin Hamad Al Thani for their tremendous support of military families! The Embassy of the State of Qatar in Washington, D.C.
$
CUMULATIVE SUPPORT
YEARS OF COLLEGE FUNDED
$1.2M 192
Dr. Laura Radio Program
D r. Laura has been a loyal supporter of Fallen Patriots for many years. In 2021, she continued to raise money for Children of Fallen Patriots through the Dr. Laura Designs Store, where Dr. Laura sells items that she designs and crafts herself. All benefits from the sale of items in the store benefit Children of Fallen Patriots Foundation, and through three sales throughout 2021, Dr. Laura raised $71,000 to benefit the children of our fallen patriots. Thank you, Dr. Laura, for your immense support of our scholars and creating awareness for our mission!
Brooke G., CFP Scholar
$
CUMULATIVE SUPPORT $500K
YEARS OF COLLEGE FUNDED
$
80
CUMULATIVE SUPPORT $300K
YEARS OF COLLEGE FUNDED
48
30 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 31
Corporate Partners
JANUARY 1, 2021 – DECEMBER 31, 2021 2021 Financials
20 SPECIAL THANK YOU TO: Antares Capital Apax Partners Beast Mode Apparel Capital Group Chatham Asset Management The Crosby Group Dick’s Sporting Goods Ducommun The Embassy of the State of Qatar Evercore Fiserv Helicopters for Heroes Independence Kiwanis Foundation J.A. and Kathryn Albertson Family Foundation Jones Trading Kohlberg Kravis Roberts Midwestern Pet Food
REVENUE
EXPENSES
Individual Contributions 27%
Foundation Contributions 5% Donated Services 4% Interest and Other Income 3%
Board Donations
Fundraising 13%
Corporate Contributions 33%
Program Services 82%
Management & General 6%
Special Events, net 28%
5% Revenue Net Expenses
95% 3 of funds raised go directly to our scholars
STATEMENT OF ACTIVITIES 1
STATEMENT OF FINANCIAL POSITION 1
CURRENT ASSETS Cash & Cash Equivalents 2 ...........$ 17,106,734 Investments. . . . . . . . . . . . . . . .$194,059 Pledges Receivable . . . . . . . . . . . . . . . $ 1,698,498 Prepaid Expense and Other Assets . . . . . . . . . . . . $ 206,934 TOTAL ASSETS . . . . . . . . . . . . . . . . .$ 19,206,225 LIABILITIES & NET ASSETS Total Liabilities ...................$ 197,066 Unrestricted Net Assets . . . . . . . . . . . $ 12,396,572 Temporarily Restricted Net Assets ......$ 6,612,587 Total Net Assets . . . . . . . . . . . . . . . . .$ 19,009,159 TOTAL LIABILITIES & NET ASSETS .....$ 19,206,225
Foundation Contributions ............ $ 540,647 Special Events, net . . . . . . . . . . . . . . . . $ 3,155,751 Corporate Contributions . . . . . . . . . . . .$ 3,749,887 Individual Contributions . . . . . . . . . . . .$ 3,046,658 Interest and Other Income ............$ 309,876 Donated Services ..................$ 463,381 TOTAL REVENUE . . . . . . . . . . . . . . . $ 11,266,200 Program Services . . . . . . . . . . . . . . . . $ 8,229,477 Fundraising . . . . . . . . . . . . . . . . . . . . $ 1,270,950 Management & General ..............$ 577,235 TOTAL EXPENSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 10,077,662
Military Times Roberts & Ryan Ropes and Gray Sam J. Frankino Foundation
Stater Bro. Charities Take On the Day LLC Ultimate Kronos Group Vineyard Vines Virtu Financial Vista Equity Partners
1 Audited Financial Statements 2 Temporarily Restricted Cash on-hand : $6,612,587 3 Fundraising and Admin Expenses Net of Board Donations
32 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 33
Board of Directors
Staff
Our Values
BENJAMIN Y. CARTER Partner & Portfolio Manager Southpoint Capital Advisors
DAVID DAIGLE Portfolio Manager Capital Group
THOMAS M. MCGANN Executive Chairman Velocity Outdoor Inc.
DAVID Y. KIM Equity Partner, Apax Partners Co-Founder, CFPF
DAVID Y. KIM Co-Founder Chief Executive Officer
CYNTHIA KIM Co-Founder Volunteer Programs Director
NANCY ARMSTRONG Executive Producer Equalist Entertainment
ROBERT J. SWEENEY President Sycamore Partners
Stewardship of a Sacred Mission
ALEXIS CROOK Scholarship Administrator BAILEY DONAHUE Scholarship Administrator ALEXA FAIRIS Scholarship Administrator DEE HAUSCHEL Scholarship Administrator
Board of Advisors
Everything we do reflects well on our fallen heroes Teach a person to fish instead of giving them a fish
CHRISTOPHER HEFFERNAN President KATRINA HARTWELL Senior Director of Development
JIM FARRELL Senior Vice President Operations PepsiCo
COLONEL (R) JACK H. JACOBS Congressional Medal of Honor Recipient MSNBC Commentator
HOLLISTER K. PETRAEUS Military Spouse and Daughter
JAMES G. ANDERSEN Managing Partner & Founder Clearview Capital
STEPHEN CANNON Chief Executive Officer AMB Sports and Entertainment
PATRICK D. COLEMAN Chairman & Chief Executive Officer GlobalBased Technologies
PETER HOGARTH Chief Financial Officer
CHRISTINE LEWIS Enrollments Administrator
Delight Every Customer
BANA MILLER Senior Director of Marketing
COURTNEY NYREN Senior Accountant
C. RICHARD PACE Senior Vice President InMoment
LESLEY KELLY Head Trader Venrock
COSTA LITTAS Managing Principal Windjammer Capital Investors
WYATT FLORES Head of eFX Sales Americas Citi
REBEKAH GRAY Project Executive Gray
SHEP & IAN MURRAY Founders and Chief Executive Officers Vineyard Vines
ANTHONY PALLANES Scholarship Administrator
KATIE PALMER Scholarship Supervisor
Gold Star Family Member Veteran/Military Family Member
Use the Golden Rule in every interaction We go out of our way to delight everyone we touch
JACOB RANGEL Scholarship Administrator
MADISON ROUSSEL Communications Supervisor
Excellence in the Details
DARREN REBELEZ President and Chief Executive Officer Casey’s General Stores, Inc.
BRIAN REIDY Managing Director, Senior Relationship Management, RBC Capital Markets
DANIEL E. RICE President and Co-Founder Thayer Leader Development Group at West Point
GABRIEL PLOTKIN Founder & Chief Investment Officer Melvin Capital
JOHN D. TORONTO Managing Director Oak Hill Advisors
MARTIN SHERRILL Scholarship Administrator
STEVE SMITH Major Gifts Officer
Senior Advisors
KENZI VIZZARI Scholarship Supervisor
Is a prerequisite to sustainable growth We have a culture of discipline, measurement and evolution
MADISON WETZEL Scholarship Administrator
BOARD MEMBER VETERANS 60%
GOLD STAR FAMILY STAFF 52%
ABBIE WITTWER Staff Accountant
DENISE ZAVALA Scholarship Administrator
MICHAEL L. BUETTNER Retired, Former CFO Motorsport Aftermarket Group
CLIFFORD S. ASNESS Co-Founder AQR Capital Management
LUISA ZHOU Controller
Staff as on June 1, 2022
34 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 35
Dedication
F ive days before Christmas in 1989, Sergeant William Delaney Gibbs from the Army's 7th Infantry Division was killed in action during Operation Just Cause in Panama, leaving be- hind a young wife and an unborn daughter. Our Co-founder and CEO, David Kim, served with Ser- geant Gibbs and was inspired by his sacrifice to es - tablish Children of Fallen Patriots Foundation as a way to honor the sacrifice of our fallen heroes and to help Delaney Gibbs’ daughter and the thousands of children like her.
SGT Delaney Gibbs KIA in Panama 1989
36 | CHILDREN OF FALLEN PATRIOTS
ANNUAL REPORT 2021 | 37
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20Made with FlippingBook - Online Brochure Maker