Letter From President

May 2016

COMF_Pres

Welcome to the Foundation’s website, which we continue to update to keep you informed about mission-related accomplishments and upcoming activities. We are also pleased to provide you with feedback on how your generous contributions have been used to support the families of CIA officers. Our goal is to keep our growing circle of nationwide donors and grantors up to date on our progress in ensuring that these CIA families are well provided for in their time of need.

The Foundation’s primary role continues to be providing college scholarships and associated educational expenses to the children, widows or widowers, of deceased CIA officers. Recently, we expanded the scope of our mission to provide support to officers who are severely wounded or impaired while serving in agency designated war zones across the globe.

With respect to educational programs, the number of students supported by the Foundation has risen steadily in each of the past ten years, while the overall costs of higher education have increased exponentially. This presents a continuing challenge for the Foundation. By way of comparison, when the Foundation formally launched its scholarship program in early 2007, it awarded twelve scholarships to eligible CIA dependents totaling $132,000 for the 2007-2008 school year. For the academic year of 2015-2016 that number had risen to include scholarships for 41 dependents at a cost of  $761,000. For 2016-2017, we are supporting 41 students at a cost of $922,000.

These costs cover tuition, room and board, books, meals, and miscellaneous expenses. Looking to the future, there are currently 105 eligible dependents who will start to receive Foundation educational benefits over the course of the next 16 years. As an indication of our steadily increasing needs, nothing can tell the story better than these growing statistics.

In order to meet current and future obligations, we plan to continue holding fundraising campaigns in the Washington area and around the county. The results so far have been very encouraging and we will continue scheduling them as a means of making more people aware of the Foundation’s unique mission and gaining their support to supplement our resources.

As one of our strategic objectives, the Foundation continued this past year to build up its endowment, which is presently more than half-way towards our revised goal of $25 million. In light of our growing commitments to CIA families, we reset this mark higher in order to meet future obligations and to handle unexpected tragedies, of which, unfortunately, are almost certain to experience in a world where CIA personnel are so much at risk.

On behalf of the Board of Directors and staff at the CIA Officers Memorial Foundation, I wish to extend once again our sincere appreciation and thanks for all you have done—and continue to do—to lend support to the deserving families of our silent heroes.

Sincerely yours,

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Gerald J. Komisar
President