Founded in 1969, the Coast Guard Foundation was initially created to provide margin of excellence support for academic, athletic and morale programs at the Coast Guard Academy.
The organization's founding directors were Coast Guard veterans who served together during World War II. The founders, who enjoyed successful careers after their military service, believed the Academy had needs that private funds could fulfill that weren't being met by the Coast Guard's operating budget.
In addition to Arnold I. Sobel, Samuel "Bud" Silberman, and George Holtzman, early Foundation directors included such luminaries as G. William Miller, the nation's 65th Secretary of the Treasury and 11th Chairman of the Federal Reserve, and Fairleigh Dickinson, Jr., a New Jersey state senator, and chairman of the university named after his father.
In 1986, the Foundation expanded its charter to support projects that enhance the education, welfare and morale of all Coast Guard members and their families. Since the expansion of the Foundation's mission, hundreds of dependents of Coast Guard personnel have received college scholarships, and numerous cutters, bases and units across the country have benefited from exercise equipment, learning materials, distance learning centers and other support initiatives.
In 1986, the Foundation expanded its charter to support projects that enhance the education, welfare and morale of all Coast Guard members and their families. Since the expansion of the Foundation's mission, hundreds of dependents of Coast Guard personnel have received college scholarships, and thousands of cutters, bases and units across the country have benefited from exercise equipment, learning materials, computers, and other various morale initiatives that the Coast Guard Foundation donated. These programs would not have been possible without the support of the Foundation.
Some examples of the Coast Guard Foundation's accomplishments
- Endowing scholarships for children of Coast Guard personnel, including the Fallen Heroes Scholarship Fund, providing college funds for dependents of those who die in the line of duty
- Establishing education grants for enlisted personnel and their spouses, helping Coast Guard men and women and their families better themselves through higher education
- Funding the construction of eight state-of-the-art sailboats for the Coast Guard Academy's coastal sail training program, the Leadership 44 initiative, in partnership with the Coast Guard Academy Alumni Association, the Coast Guard Academy Parents Association and the United States Coast Guard Academy
- Building playgrounds at Coast Guard bases across the country so families have a safe place to play and create a community environment
- Donating workout equipment to cutters, bases and units around the country, so active duty personnel can stay in shape and perform their duties at a high level