Academic journal article Air Power History

From the President

Academic journal article Air Power History

From the President

Article excerpt

At this time of year our Foundation closes out the old fiscal year and prepares for the next. This process compels us to assess our status as an organization and how well we serve our membership.

Bottom line up front: your Foundation finds itself at a critical financial junction.

For the past three years the Board of Directors has employed an aggressive cost cutting effort that has the Foundation running as efficiently as we can reasonably expect given our current programs and member services. Unless we come up with other significant sources of revenue, the Foundation will be forced to take drastic action that will definitely affect the way we support our membership-and even our status as an organization.

Here are the major considerations facing us:

Our membership is great and loyal. Without their voluntary contributions over the last few years we would already be on the "trash heap of history." However, our membership is aging, the numbers have been trending downward, and we have been unable to broaden our appeal in order to attract the next generation of support.

We have had a small stable of corporations that have reliably supported us over the years. The economy and changing tax rules have severely reduced their support in the most recent three years by roughly fifty percent. …

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