Why does the USMMA Alumni Association and Foundation and U.S. Merchant Marine Academy need my support?
The United States Federal Government provides only a base of funding that supports basic operations at the U.S. Merchant Marine Academy. However, limited resources are inadequate to support an institution whose strategic goal is to be the world leader in maritime education. Only through enhanced private support will the U.S. Merchant Marine Academy realize its full potential. The U.S. Merchant Marine Academy must rely on private donors to support everything from basic needs to major Academy initiatives. Gifts and endowments also enable this institution to weather the inevitable "lean years," when budget cuts and competing priorities result in greater challenges.
How can I donate?
The USMMA Alumni Association and Foundation welcomes gifts made by check, money order or credit card. Additionally, you can donate gifts of stock, employer-matched gifts, and make bequests to the USMMA Alumni Foundation. To make an online donation, please click here to make a secure online contribution. To make a donation via check, please make your check payable to the USMMA Alumni Foundation Inc. and mail to PO Box 222011, Great Neck, NY 11022. To make a donation by credit card over the phone, please call 516-482-5274.
Who should I make the check out to?
All checks and payables should be made out to USMMA Alumni Foundation, Inc.
What is the address for mailing donations? Please mail all donations to:
USMMA Alumni Association and Foundation
PO Box 222011
Great Neck, NY 11022
Can I donate in honor of a family member or friend?
Donations, endowments and scholarships are often named in honor of a family member, industry colleague or friend. Also, naming opportunities for classrooms and gathering spaces, laboratories and buildings are available for donors who wish to honor or memorialize their loved ones in this manner. If you are interested in naming rights, scholarships or endowments, please contact Jim Tobin at email@example.com for specific details.
Can I give an anonymous gift?
Yes, donors often choose to remain anonymous. The USMMA Alumni Association and Foundation always respects a donor's stated wish for privacy.
How can I make a wire transfer to the USMMA Alumni Association and Foundation?
Contact the USMMA Alumni Association and Foundation at 516-482-5274 for assistance.
What is Planned Giving?
Planned Giving is a set of ways a donor can leave money/assets to the Academy at his/her death; or a way to invest money so that the donor receives benefits during his/her life and then bequeaths the remaining funds to the Academy. Examples include will provisions, life insurance policies, trusts, and charitable gift annuities.
What is an endowment?
An endowment preserves capital, overcomes inflation and provides long-term, reliable income to support the U.S. Merchant Marine Academy. For example, a $100,000 scholarship gift might be awarded to deserving students at $5,000 per year -- meaning the scholarship fund will be depleted in 20 years. But if that $100,000 were used to establish an endowment, the gift would be invested and a portion of the earnings used to award scholarships. Another portion would be used to increase the principal and offset investment costs. The endowment would therefore continue to grow over time, supporting scholarships for as long as the Academy exists. The minimum amount required to start an endowment is $50,000.
Is my gift to the USMMA Alumni Association and Foundation tax-deductible?
Yes. Through the USMMA Alumni Association and Foundation, a tax-exempt organization under the Federal Internal Revenue Service Code Section 501 (c) (3), your gift to the USMMA Alumni Association and Foundationfor the U.S. Merchant Marine Academy is tax deductible to the fullest extent allowed by law. Please consult your tax specialist for details on your donation.
Can my company match my gift to the USMMA Alumni Association and Foundation?
Many employers sponsor matching gift programs and will match any charitable contributions made by their employees. You can double or triple the impact of your gift by having your company match your gift to the "USMMA Alumni Foundation." Contact your employer to find out if your company has a matching gift policy. If your company is eligible, request a matching gift form from your employer, and send it, completed and signed, with your gift, and we will do the rest.
How does the USMMA Alumni Association and Foundation use the donations it receives?
Unrestricted gifts to the USMMA Alumni Association and Foundation are made available to the U.S. Merchant Marine Academy on a regular basis to provide much needed funding for the greatest needs. Restricted gifts are also provided to specific areas of need based on donor’s intent. Please note that all gifts made to the USMMA Alumni Association and Foundation will be classified as unrestricted gifts to the U.S. Merchant Marine Academy unless formally noted when the donation was originally made.
What types of gifts are accepted by the USMMA Alumni Association and Foundation?
The USMMA Alumni Association and Foundation accepts outright gifts of cash, checks, credit cards, securities, gifts-in-kind, bequests, charitable gift annuities, and certain trusts.
Can I designate my gift?
The USMMA Alumni Association and Foundation encourages all donors to make unrestricted donations so resources are focused on the U.S. Merchant Marine Academy's greatest needs. If you would like to restrict your gift to a specific area, we ask that you be broad enough in your description so that those funds are used properly in a timely manner. (Good Example: I would like to restrict my gift to the Baseball Team. Bad Example: I would like to restrict my gift to 20 baseballs.) The USMMA Alumni Association and Foundation requires all restrictions to be made in writing and submitted with the donation. If you are making an online donation, you have space provided to include any notes and instructions.
Can I make a bequest?
Yes. To learn more about bequest gifts, please contact Jim Tobin at firstname.lastname@example.org.
What is the USMMA Alumni Association and Foundation's tax identification number?
The "USMMA Alumni Foundation" is the organization charged with receiving gifts for the U.S. Merchant Marine Academy. It is designated a tax-exempt institution under the Federal Internal Revenue Service Code Section 501 (c) (3), and its tax ID is 11-6037948.
How do I become a member of the Superintendent's Council?
Anyone who contributes $2000 or more annually automatically qualifies for membership in the Superintendent's Council. Please click here to view the Superintendent's Council page.
It's my reunion year. How do I make sure my gift gets credited toward the class gift?
Any gift you make between December 1st the year before your reunion and December 31st of the year of your reunion will automatically count toward your class gift.