From the President.

Author:Meyerrose, Dale W.

Dear Foundation Members and Friends:

What a difference a year makes! Your Foundation enters 2016 with the optimism of new possibilities. For the first time in years we have a substantial investment portfolio working for our organization. The funds have been prudently invested to provide a solid footing for growing our organization for years to come, enable us to not only pursue our mission of educating senior leaders and the public, and help expand our services and outreach.

But let's not kid ourselves, there remains much to be done. Non-profits, across-the-board, including ours, continue to have trouble gathering needed resources in today's tough economic environment. With the Board's continued leadership, we need your support with the following:

* First, we need to reach the break-even point for an annual budget in terms of expenses versus income--something that we've not accomplished for years. If we fail to do this, it's only a matter of time before we put our investment portfolio at risk and into a downward spiral. Due to the generosity of one of our long-term members, we've been given the opportunity that few organizations ever realize--a chance to reset our financial horizon and validate our long-term value to the Air Power community. In that vein, we must review our activities and member services, and establish new sources of income so that our Foundation remains vibrant, relevant, and financially sound.

* We must enhance our recognition throughout the greater Air Power community as THE source of its written history and heritage. We have learned over the years that, for most, to know us is to embrace our mission. While this has been accomplished to some degree over the years, too often we encounter those who should...

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