To support, promote and advance the mission of the Naval Academy by working in conjunction with Academy leadership to identify strategic institutional priorities, and by raising, managing and disbursing private gift funds that provide a margin of excellence in support of the nation’s premier leadership institution.
The United States Naval Academy Foundation was incorporated in 1944 and merged with the U. S. Naval Academy Endowment Trust in 1999 as an independent non-profit organization, the purpose of which is to support the advancement of the Naval Academy and its Alumni Association by providing private resources to achieve and maintain a “margin of excellence” across the spectrum of the Academy’s activities and facilities.
The Foundation’s role in support of the Academy is broad-based, as reflected in its major responsibilities:
- Develop, promote and enhance the programs and facilities of the Naval Academy and its Alumni
- Solicit and provide private gifts and grants in support of the Academy’s highest priorities within its Centers of Excellence â€“ Leadership & Character, Academic, Athletic, and Admissions
- Receive, manage, distribute and invest private contributions exclusively for the benefit of the Brigade of Midshipmen, the Naval Academy and its alumni
- Advance the admission of highly qualified candidates to the Naval Academy by providing scholarship opportunities so that aspiring young men and women might attend private preparatory schools
By carrying out these responsibilities, the Foundation provides the essential support and advancement of a broad range of mission enhancing activities, many of which would otherwise not be appropriate for government funding or full government funding.