The Naval Institute is grateful for the generosity of all our amazing donors who have supported the ongoing Power to Inform, Convene, and Inspire Campaign. Our deepest thanks to the following individuals whose participation thus far in 2020 distinguishes them as members of the Alfred Thayer Mahan Society (for cash donations of at least $25,000 within the calendar year), the Stephen B. Luce Society (for contributions of $10,000 to $24,999), The 1873 Society (for contributions of $5,000 to $9,999), and The Leadership Circle (for contributions of $1,000 to $4,999). Special thanks to the growing number of supporters making their contributions through monthly sustaining gifts.
Alfred Thayer Mahan Society
Donald P. Brennan
VADM Peter Daly, USN (Ret.), and Jane Daly
VADM Dirk J. Debbink, USNR (Ret.), and Teresa Debbink
Hon. Gordon R. England
Thomas J. Furlong and Elizabeth Gard
CDR Gregory E. Glaros, USN (Ret.)
Mrs. William D. Houser
Stanley S. Hubbard
CAPT Harry W. Konkel, USN (Ret.)
ADM Richard W. Mies, USN (Ret.)
Dirk P. Mosis III
Joseph M. and JoAnn M. Murphy
Gen Peter Pace, USMC (Ret.)
David & Barbara Parks
Bill and Marti Rodamaker
John J. Schiff Jr.
John J. and Mary R. Schiff Foundation
ADM James G. Stavridis, USN (Ret.)
Andrew C. and Barbara B. Taylor
Stephen and Sandra Waters
MSCM (SS) M. G. Williams Sr., USN (Ret.)
Stephen B. Luce Society
Brett Bozeman
RADM Joseph F. Callo, USN (Ret.), and CAPT Sally McElwreath, USN (Ret.)
Paul R. Charron
RADM Mark T. Emerson, USN (Ret.)
ADM Jonathan W. Greenert, USN (Ret.)
ADM Thomas B. Hayward, USN (Ret.)
Hon. Frank R. Jimenez
Mark W. Johnson
Hon. John F. Lehman
Dr. J. Phillip (Jack) London, CAPT, USN (Ret.)
CAPT Martin J. Mahon, USNR (Ret.)
RDML Michael K. Mahon, USN (Ret.) and Kristin Mahon
CDR Corbin A. McNeill, USN (Ret.)
Patrick J. Moran, Esq.
CAPT Michael J. Salvato, USN (Ret.), and Mary C. Gaul Salvato
Michael and Victoria Wallace
VADM M. G. Williams Jr., USN (Ret.)
ADM James A. Winnefeld Jr., USN (Ret.)
Grant G. Winthrop
The 1873 Society
Thomas E. Berk
Jeremy and Jennifer Mario
GySgt Fredrick Peterkin, USMC (Ret.)
Jason M. Pilalas
COL Willard B. Snyder, USAR (Ret.)
James W. Todd
ADM Patrick M. Walsh, USN (Ret.)
Hon. Robert O. Work
The Leadership Circle
RADM Fred L. Ames, USCG (Ret.)
Oliver Ames
ADM Stanley R. Arthur, USN (Ret.)
Estate of Robert and Marjorie Austin
CAPT Robert M. Barr, USN (Ret.)
VADM Gerald R. Beaman, USN (Ret.)
RADM Charles J. Beers Jr., USN (Ret.)
Robert C. Bellas Jr.
Lorenzo D. Berry III
CAPT James F. Boland Jr., USN (Ret.)
RADM Daniel R. Bowler, USN (Ret.)
CAPT Thomas J. Brovarone, USN (Ret.)
VADM David H. Buss, USN (Ret.)
George W. Carmany III
John K. Castle
VADM Evan M. Chanik Jr., USN (Ret.)
Gregory J. Chase
CDR Scott A. Chester, USN (Ret.)
John D. Ching
ADM Vern E. Clark, USN (Ret.)
Edward M. Condit, Esq.
George G. Conner
VADM W. D. Crowder, USN (Ret.)
CAPT Dennis R. Dean, USN (Ret.)
Joseph N. DeCarlo
Luigi L. De Ghenghi
CAPT Michael P. Dolan, USN
VADM Robert F. Dunn, USN (Ret.)
RADM Philip A. Dur, USN (Ret.)
VADM Mark I. Fox, USN (Ret.)
Alan C. Goudy
Gen A. M. Gray Jr., USMC (Ret.)
CAPT William C. Green, USN (Ret.)
LCDR Stephen J. Gustafson, USN
Kent Halvorsen
CAPT Arthur Hamilt, USNR (Ret.)
Estate of CAPT Frank Hantz, USN (Ret.)
David S. Hanus
RADM Sinclair M. Harris, USN (Ret.)
CAPT Karl M. Hasslinger, USN (Ret.)
Maj Robert L. Heaton, USAF (Ret.)
CAPT Michael D. Herman, USN (Ret.)
Louis M. Hogue
Estate of CAPT Wayne P. Hughes, USN (Ret.)
LTC David M. Hunter, USA
Brig J. C. Inglis, ANG (Ret.)
RADM Margaret D. Klein, USN (Ret.)
VADM Alexander Krekich, USN (Ret.)
Larry K. Kulik
RADM Frank W. Lacroix, USN (Ret.)
LCDR Miguel A. Lake, USN (Ret.)
C. Alan and Nickie Lancaster
CAPT Nelson H. Litsinger, USN (Ret.)
LT Allan MacLauchlan, RCN (Ret.)
RADM Larry R. Marsh,USN (Ret.)
Ernest M. Marshall
CDR Carl L. Master Jr., USN (Ret.)
Kirk C. McAlexander
RADM Terence E. McKnight, USN (Ret.)
John and Karen McLaren
CDR Thomas A. McLernon, USN (Ret.)
CDR Nickolas I. Milanytch, USN (Ret.)
Vicky Morse
CDR Henri W. Naeger Jr., USN (Ret.)
CAPT Robert E. Nisbet, USN (Ret.)
CDR Carl J. Nurick, USN
David A. Oestreich
CAPT John E. O’Neil Jr., USN (Ret.)
Steven A. Palmer
Thomas L. Peyatt
CDR Matthew J. Pohl, USN (Ret.)
ADM Joseph W. Prueher, USN (Ret.)
CDR Donald E. Read, USNR (Ret.)
CDR Stephen P. Recca, USN
Annie Rehill, Ph.D.
Larry M. Rodgers
CAPT Gerald D. Roncolato, USN (Ret.)
CDR Richard M. Rosenberg, USNR (Ret.)
Vincent Rothemich
VADM James A. Sagerholm, USN (Ret.)
CAPT Jack J. Samar Jr., USN (Ret.)
Robert F. Sappio
Hon. George A. Sawyer
LCDR Johannes K. Schonberg, USNR
Eugene A. Silva, Ph.D.
CDR Ray C. Simmons, USN (Ret.)
CAPT Brian T. Smith, USN (Ret.)
PO2 Matthew Smith, USN
CDR Guy Snodgrass, USN (Ret.)
VADM H. D. Starling, USN (Ret.)
CDR Paul L. Stillwell, USNR (Ret.)
Gerald D. Sullivan
Donald H. Swanson
RADM Cari B. Thomas, USCG (Ret.)
Thomas M. Thompson
VADM Howard B. Thorsen, USCG (Ret.)
CAPT Gordan E. Van Hook, USN (Ret.)
Roger Vara
Eugene Waldron
Rollin M. Warner Jr.
Andy Werback
William Wittich
Charles Zabriskie Jr.
Advantageous Year-end Giving
A gift to the Naval Institute Foundation of appreciated stock you have held for more than one year can be more beneficial to you than making a gift of cash—and is one of several great ways you can help strengthen the Naval Institute. Subject to certain limitations (check with your tax advisor), you can take a charitable deduction for the stock’s fair market value on the day you give it away. You also will avoid capital gains taxes on the increase in value over time, which you might have paid had you sold the stock and then made a cash donation.
Should you choose to make a donation by transferring shares of stock—thank you! Please contact Sue Sweeney at (410) 295-1054 or at [email protected] for details on transferring to the Foundation’s Merrill Lynch account.
If you are age 72 or older, IRS rules require you to take required minimum distributions (RMDs) each year from your tax-deferred retirement accounts. A gift to the Naval Institute Foundation directly from your retirement account can count toward your RMD for the year, but it is not included in your adjusted gross income, whether you itemize or take the standard deduction. (The CARES Act temporarily waives RMDs for all types of retirement plans [including IRAs, 401(k)s, 403(b)s, 457(b)s, and inherited IRA plans] for calendar year 2020.)
A qualified charitable distribution (QCD) is a transfer of funds from your IRA, payable directly to a qualified charity, such as the Naval Institute Foundation. Amounts distributed as a QCD can be counted toward satisfying your RMD for the year, up to $100,000—and the QCD is excluded from your taxable income. (This is not the case with a regular withdrawal from an IRA, even if you use the money to make a charitable contribution later. The withdrawn funds would be counted as taxable income even if you later offset that income with the charitable contribution deduction.)
Another option for support: The Naval Institute Foundation is fully eligible to receive grants from donor-advised funds.
Of course, every person’s tax situation is different. The information above is general in nature and is not a substitute for advice from a tax professional. You should consult your tax advisor with respect to your particular situation.
