Financial Education and Scholarships Since 1983

2010

Annual Report

2

CHIEF EXECUTIVE OFFICER’S COMMENTS

It’s hard to believe 2010 is gone and we are beginning a new decade. As I reflect on the last decade, it’s amazing to think I retired from the military over 6 years ago and have worked for FCEF almost that same period of time. I started working for FCEF on March 11, 2005, as the Deputy Director for Don Frizzell. Don left the Foundation as the President when he retired at the end of 2005 and left all of us too early when he died on January 8, 2009. The legacy he built lives on. I have been blessed and humbled to carry on for him and those we serve by leading this phenomenal organization since January 1, 2006.

The last six years have seen incredible growth in program services indicative of the growth pattern we have seen throughout the 28-year history of FCEF. Since 2005, FCEF has seen the expansion of financial educational services to include on-line training, community-based outreach programs, instruction in Spanish, and a brand new high school curriculum, Money Matters, for our nation’s youth. On the scholarship front, FCEF now offers multi-year scholarship agreements, larger individual scholarship awards, creation and fulfillment of numerous scholarship endowments, automated on-line scholarship applications, and a Basic Finances 4 All course that scholarship applicants take to even apply for a scholarship. The list could go on and on…

The blessings have been many; my largest blessing is the incredible staff I have been privileged to work with since this journey began. The names and faces may have changed over the years, but the constant factor is their belief in FCEF’s mission and their dedication to serving others. The Foundation’s accomplishments belong to them, and I am grateful to be able to serve on their team. My grandmother once told me that a person is never dead or forgotten as long as all the good they have done in life is remembered by those whose lives have been impacted. In that case, I have no doubt what FCEF has done and will do over the coming decade will be remembered for a very long time! Thank you staff and thank you donors! You have made and are continuing to make “Financial Literacy for Life” a possibility for all. I am excited to see what the next decade brings!

Blessings to all,

Vickie C. Mauldin Chief Executive Officer

CHAIRMAN OF THE BOARD COMMENTS

As the staff and board look toward 2011, FCEF’s mission will be even more crucial to the public we serve. With an anticipated economic improvement, FCEF must work to acquire new grants and donors while honoring our current donors to support the ever-increasing demand for services. Despite the economic challenges we all faced in 2010, FCEF still completed 47 educational presentations to over 600 individuals and awarded over $165,000 in scholarships. Year after year, the staff’s ability to reduce expenses while increasing program support is simply amazing. I am equally overwhelmed by the dedication and passion exhibited by the FCEF volunteer Board of Directors which is not reflected in any one financial line item or program service. I’m very proud of everyone working together to find a way to provide educational services and increase the

scholarship support provided to many.

As you look through this annual report, you will learn more about the accomplishments of FCEF. The entire staff and Board of Directors are very proud of the 2010 accomplishments, but there is always more that needs to be done. The support from donors such as you definitely helps make all of this possible. We want to thank you for your past faith and trust in FCEF, and sincerely hope you will continue to remember FCEF in your charitable giving.

Respectfully,

Robert L. Slaughter Board President

2010 3

Development Programs:

3rd annual “Chip-in for Education” golf classic raised •approximately $35,000 in scholarship funds

58% of donations in 2010 came from individuals•

Overall donations increased approximately 30% •over 2009

Educational Programs:

Added two additional staff members, Shanica •Woolridge and Al Godoy

Expanded • Money Matters curriculum and Continuing Education Unit (CEU) training classes to other regions in the state of Texas

Received a $1,000 grant from Colonial Country Club to •provide materials to Cassata High School

Partnered with Salvation Army to provide ongoing •educational training to their clients

Received close to $300,000 in funding for the • Money Matters program

Scholarship Programs:

Awarded over $165,000 in scholarships to students •across the nation

Enhanced the Donaldson D. Frizzell Scholarship •program by moving to an electronic application

Embraced social media by launching FCEF Twitter•

Educated over 300 scholarship applicants and •recipients through Basic Finances 4 All

FCEF MAjoR HigHligHts

Chief Executive Officer & Chairman of the Board Comments ............ 2

FCEF Major Highlights ............... 3

Educational Programs ............. 4-6

Scholarship Programs ............. 7-8

Scholarship Recipients .........9-10

Golf Classic ....................................11

Annual Donors ..................... 12-15

Lifetime Giving/Memorial & In Honor Donations/Passive Giving .......16

Financial Information ................17

Board and Staff ............................18

Did You Know? .............................19

tAblE oF ContEnts

20104

EduCAtionAl pRogRAMs The Money Matters curriculum, which was created to provide the mandated 12 topics for Texas high school students and teachers, expanded FCEF’s effort to teach financial literacy to a larger Texas population. Marketing efforts grew to target five specific regions:

• Region 4 - Houston• Region 10 - Dallas• Region 11 - Fort Worth• Region 13 - Austin• Region 20 - San Antonio

If you are a school administrator or teacher, there is still an opportunity to order curriculum for your schools. Visit FCEF’s website and order online today!

Communities Matter! The wide variety of educational presentations developed, managed, and taught by FCEF staff and volunteers helped spread financial literacy knowledge to FCEF’s various target markets.

Essential to these presentations are the community volunteers who take time out of their work schedules to present

to students and clients of FCEF. The volunteer speakers are instrumental to these presentations as they provide expert advice and help FCEF reach out to a broader audience. Hortencia Serna, a former student of FCEF, gives her sincerest thanks to all the instructors, “I learned something from every lesson. I have definitely changed the manner in which I manage my money. My more serious problem has been in going out to eat and not being in the habit of saving consistently. I have started taking a diary with me to track my daily purchases and how much money I spend. [Also, I try and] remember to constantly ask myself whether something is a ‘need’ or a ‘want’.”

Hortencia Serna, completed La Salud de mi Dinero (The Health of my Money)

“41% of financial literacy teachers believe one of the major obstacles

preventing them from teaching financial literacy is a lack of materials.”

—Networks Financial Institute Survey

Money Matters

Target Markets Served in 2010

Government 22%

Business 20%

Education32%

Faith Based 10%

Social Services

11%

Civic5%

2010 5

On June 1st over 130 guests attended FCEF’s Money Matters Launch Party that took place in the lobby of First Command Bank. FCEF recognized almost $300,000 in cash and pledges to fund the expansion of Money Matters. First Command Financial Services (FCFS) was first in line to pledge its support by becoming the lead title sponsor. “Through our sponsorship of Money Matters, we are affirming our long-standing commitment to foster financial literacy and responsibility in American families,” said Scott Spiker, CEO of FCFS. FCEF extends a sincere and heartfelt thanks to everyone who attended and made contributions.

“Much more help is needed to make financial literacy a reality for all our nation’s youth,” says FCEF CEO Vickie Mauldin. “Even in this tough economy we remain dedicated to seeking corporate sponsorship to underwrite this vital educational effort.”

Money Matters sponsorsLead Title Sponsor ($250,000)

Platinum Sponsors ($10,000)

Gold Sponsors ($5,000)

EnTERPRISE DR. nAnCY SPIkER THOUGHTWIRE MEDIA VEnETIAn CUSTOM HOMES

Financial Fact Board Crowd at Large Craig Badger (Enterprise), Vickie Mauldin (CEO), and Shane Golden (Venetian)

“Wave of Excellence Award” presented to First Command Financial Services

THANK YOU! First Command Educational Foundation is extremely grateful to all our generous donors!

201066

With a passion for education and communication, Shanica has extended experience as an educator and graphic designer. Her experience in the Fort Worth ISD and various other non-profit organizations provides her a unique prospective in program building and contemporary learning trends. As Money Matters Coordinator, Shanica will work to implement all elements of the Money Matters high school curriculum and build partnerships/collaborations with community organizations to grow the program’s success across the state of Texas as well as all remaining US states.

Al has an M.B.A. and a B.S. in General Engineering from Texas A & M University-kingsville. He has extensive experience in training & development, human resources, and safety/workers compensation in private industry. In the area of training & development, he has managed a training function, as well as facilitated training classes. Al has been certified as a facilitator/instructor by Development Dimensions International (DDI) and Zenger-Miller. Al is also bilingual and uses his expertise to create and teach Spanish presentations and classes for FCEF.

Additions to EduCAtionAl stAFF

EduCAtionAl HigHligHtsOver 300 • Money Matters teacher editions and 16,000 student CDs have been ordered and distributed for the 2010-2011 school year

FCEF has distributed • Money Matters curriculum in at least one school in every region of Texas

Doubled number of volunteer speakers through the FCEF Speaker’s Training program•

Served 634 individuals with financial presentations in 2010•

Received grant funding to provide students and teachers with curriculum and supplies at •Cassata High School, an alternative school in Fort Worth, TX

ShanicaWoolridge

AlGodoy

2010 7

sCHolARsHip pRogRAMs

The Frizzell Scholarship: Meet One of Our Recipients

2010 Recipient Spotlight (excerpt from winning essay)

“When my mother’s work hours were cut, she decided to do volunteer work and community service to fill the time lost. I also had the privilege to volunteer with her for a non-profit charitable organization that helps several families in this area of Texas receive financial aid, shelter, utilities, food, and living necessities. This experience brought to my attention and confirmed that I must go on and continue my education no matter what the cost and challenges, so that I will be able to take care of my family, and be able to help others in more significant ways than I am able to do now.”

Jared Carreras keller, Texas 2010 Donaldson Frizzell Scholarship Recipient

MaKInG an IMPaCt one sCHoLarsHIP at a tIMeAccording to the national Center for Education Statistics, a record 19.1 million students were expected to attend the nation’s 2-year and 4-year colleges and universities, representing an increase of about 3.8 million students since fall 2000. To address this spike in enrollment and the general drop in government subsidized financial aid resources, the FCEF Scholarship Division focused on marketing, maintaining and enhancing its current scholarship programs, simplifying the application processes, and providing financial literacy education opportunities for scholarship applicants.

FCEF was able to award over $165,000 in scholarships in 2010 through its endowments and

partnerships with military organizations, colleges and universities, community based organizations, civic organizations, and businesses.

Technology played a huge role in scholarship programs in 2010. Our summer program intern spearheaded the development of social media projects that aim to provide our recipients and the general public with valuable information regarding education, scholarships, financial literacy, and career services.

To reduce waste and make things easier on our applicants, FCEF also moved to a fully automated application process for our largest direct-apply scholarship opportunity, the Donaldson D. Frizzell

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20108

Scholarship. We awarded $20,000 in Frizzell awards

which represents a 30% increase from 2009. In an

effort to continue aligning both sides of our mission,

this year all applicants were required to complete the

FCEF Basic Finances 4 ALL online course. Through this

effort we were able to educate over three hundred

applicants and recipients.

In an effort to meaningfully impact the lives of students

in our local Dallas-Ft. Worth community, FCEF partnered

with Cassata High School, an alternative school developed

as a drop-out prevention intervention, and the South

Hills High School AVID program, a program designed to

help students in the “academic middle” prepare for and

succeed in colleges and universities, to award $3,000 in

scholarships. Sh’Toya Ceasar, Brittany Harper, and Areli

Casiano were this year’s deserving recipients.

For the future, the scholarship division plans to include

the development of an FCEF scholar’s alumni society and

online community.

MaKInG an IMPaCt one sCHoLarsHIP at a tIMe (cont’d)

Make sure to follow us http://twitter.com/fcef

MEEt MoRE oF ouR 2010 sCHolARsHip

RECipiEnts

FCFP Advisor Rick Amelon with Catherine Wood

FCFP Advisor David Alley with recipients Stephanie Lumpkin and Brock Buchanan

Since 2000, the percentage of Americans who believe college is essential to success in today’s world has gone from 31% to 55%.

—Survey Conducted by Public Agenda

2010 9

sCHolARsHip RECipiEntsFirst Name Last Name Hometown College/University Caitlin Adams Redwood, nY Keuka CollegeKyle Adkison new Orleans, LA tulane UniversityEmily Arzonico Mobile, AL Auburn UniversityMishael Bautista Mount Olive, nC Mount Olive CollegeEmily Bessler Carlisle, PA the College of William & MaryCassandra Black no Information University of north texasMeredith Bodden Fort Worth, tx texas A&M UniversitySeth Brady Abilene, tx texas A&M UniversityBrock Buchanan Mooresville, nC Appalachian State UniversityYolanda Burleson Fort Worth, tx tarrant County CollegeMegan Butters Stafford, VA University of VirginiaJared Carreras Keller, tx Midwestern State UniversityAreli Casiano Fort Worth, tx University of texas- AustinMeagan Cavasar Fort Worth, tx tarrant County CollegeShtoya Ceasar Fort Worth, tx tarrant County Community CollegeEsra Celikten turkey University of north texasJanet Cerna Fort Worth, tx tarrant County CollegeWang Chao Beijing, China University of north texasMan Wei Che Hong Kong, China University of north texasZachary Ciranni Enterprise, AL Auburn Universitytracie Collins Fort Worth, tx tarrant County CollegeJames DeGaetano Carlisle, PA n/ALevi DeLuke Vancleave, MS Yale UniversityYesenia Dodson Oakland, CA Alameda Beauty CollegeLisa Edwards Fairfield, CA University of Southern CaliforniaStefany Gamez Fort Worth, tx University of texas- ArlingtonBeiki Gao Sichuan, China University of north texasErika Garcia Fort Worth, tx University of texas- AustinJoanna Gibbs Colorado Springs, CO University of Colorado -Colorado Springstyrell Gibson Perryville, MD Cecil CollegeLaurie Gipson Fort Worth, tx tarrant County CollegeChristin Goodwin El Paso, tx El Paso Community Collegetara Harper Clarksville, tn Western Kentucky UniversityVictoria Henry Suisun City, CA Ashford UniversityJonathon Hernandez Vancouver, BC University of British Columbiatroy Johnson Papillion, nE n/AMelissa Jones Albuquerque, nM Wayland Baptist UniversityAshlee Kelps San Antonio, tx St. Mary's UniversityAdam Kerr Savoy, IL University of Pittsburgh Maria Khordorkovsky Alpharetta, GA Monterey Institute of International StudiesAustin Kipp Oklahoma City, OK University of OklahomaMayre Knox Ariton. AL troy State UniversityZacory Kobylarz Hollis, nH University of notre DameLaura Lopez Fort Worth, tx tarrant County CollegeStephanie Lumpkin Mooresville, nC Appalachian State UniversityKacie Lundy Wahiawa, HI University of Richmond

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20101010

*Recipient information not received from the University

sCHolARsHip RECipiEntsFirst Name Last Name Hometown College/University Julie Monti Chesapeake, VA Providence CollegeAlyshia Moore Fort Worth, tx Wiley Collegetiffany Owens Crestview, FL troy State UniversityJeremy Owsowitz Logan, Ut Utah State UniversityChristopher Parmer Hawaii University of OklahomaRick Peshel Wasilla, AK Gonzaga UniversityMichael Petta Fort Worth, tx tarrant County CollegeHesham Rabah no Information Kennesaw State UniversityBrandon Rhodes Flower Mound, tx Angelo State UniversityPatricia Riley Mililani, HI Wichita State UniversityCarlie Rouse Port Orchard, WA Grand Canyon UniversityPatrick Salazar Walnut Creek, CA Columbia UniversityJessica Salvatore El Cajon, CA University of San Diego Jennifer San Jose Fairfield, CA California State University-Long Beach Maria Danica San Juan San Antonio, tx the University of texas at DallasMercedes Santiago no Information University of north texasHayley Saville Fort Worth, tx Stephen F. Austin State UniversityAllison Schamburg Elizabethtown, KY University of Missouri – Columbianicolas Scheibner no Information William Paterson UniversityBrian Schmidt Minnesota University of north texasSara Scurry no Information University of north texasChristine Seemann Manhattan, KS Baker UniversityHortencia Serna Fort Worth, tx tarrant County CollegeCollete Smith Fort Worth, tx tarrant County College Kelly Snyder Fort Wainwright, AK Massachusetts Institute of technologyLeyla Sokullu Izmir, turkey Emory UniversityLinda Stinson Fort Worth, tx Columbia CollegeSarah tillman Martinez, GA Augusta State UniversityJahzeel trejo Fort Worth, tx Baptist University of the AmericasMeghan Updike Kapolei, HI University of ArizonaRay Velasquez Corpus Christi, tx University of north texasBrittany Walker Anchorage, AK Villanova UniversityAaron Walker Phoenix, AZ University of north texasWilliam West Frankfort, KY Eastern Kentucky UniversityZachary Williams Fort Worth, tx tarleton State UniversityRachel Williams Statesville, nC University of tennesseeShanique Wilson DeRidder, LA Louisiana State UniversityCatherine Wood Virginia Beach, VA College of William & MaryJi Eun Yum no Information University of north texasAnthony Zendejas Bremerton, WA Olympic College *University of north Florida *texas tech University *University of tampa *texas A&M University

2010 11

2010 “CHip-in FoR EduCAtion” invitAtionAl golF ClAssiCThe 3rd “Chip-in for Education” Annual Golf Classic was another successful event. Former Dallas Cowboy, Jay novacek, joined the 124 enthusiastic golfers during this day of fun supporting FCEF. The tournament cleared approximately $35,000 in scholarship funds for disbursement in the Fort Worth community. Our annual golf classic is FCEF’s main scholarship fundraiser! This annual event took place October 8, 2010 at The Golf Club at Fossil Creek.

Major Sponsors:

Ivy League Level:First Command Financial Services

Doctorate Level: Enterprise Rent-a-Car Jay novacek & AssociatesPulido’s Mexican Restaurant

Bachelor Level: Cisy and Skip GrayLaw, Snakard & Gambill, P.C.Midland national LifeMonumental Life north Texas Assoc. of Govt. Guaranteed Lenders

Executive Hole Level:CompEdge Higginbotham & AssociatesWilliams Trew

Hole Sponsors:Logan and Merry DickinsonFranklin TempletonBetsy Gutierrez of 4Trust Mortgage, Inc.Hinckley Cook P.C. Certified Public AccountantsMorgan keegan & Co.Safeco InsuranceShay FinancialThompson + Hanson

Special thanks to all donors, sponsors, players and volunteers who helped make this event so very successful!!

201012

AnnuAl donoRsThank you!! Thank you!!

First Command Educational Foundation thanks its loyal donors for another strong supportive year. FCEF is pleased to acknowledge all the 2010 donors below. Your continued support maintains our ability to promote and provide education as the foundation of a productive society through scholarships and financial literacy programs.

$250,000 AND UPFirst Command Financial Services, Inc.

$75,000 TO $99,999First Command Bank

$10,000 TO $24,999Anonymous Atmos EnergyPhilip & Janis Levin FoundationScott and Nancy SpikerDavid S. Irvin, The Portrait Photographers

$5,000 TO $9,999Craig and Lauren BadgerCash America International, Inc.Consumer Service Alliance of Texas, Inc.Enterprise Rent-A-CarHyatt PlaceMike and Jane ThomasVenetian Custom Homes

$2,500 TO $4,999Branch-Smith PrintingMarty and Sherril DurbinJohn W. ExnerJeffrey L. GibsonVickie C. MauldinJim and Louise PetersenKathryn L. SkillingtonPaul J. and Susan SmithRon and Linda TestaTexas Aerospace Education FoundationTravis Officers' Spouses' Club

$1,500 TO $2,499David and Linda AlleyBill and Mary Bartels

Eric K. BressmanChevron Humankind Matching Gift ProgramCompEdge FinancialWalter F. CoulterDon and Libby EberlySamantha and Mike HilliardRobin L. JonesMargaret A. KapuschanskyKurt and Corey LangenwalterChristopher D. LeeMcConstruction CompanyMike and Linda MorrisonMark and Annette NielsenFrederic W. OffuttMichael D. O'HanlonPalio's Pizza CafePulido's Mexian RestaurantRicco Family Partners Ltd.Rio Mambo RestaurantMarty and Stacie RobbinsGlenn P. RobertsThe Covey Restaurant & BreweryMichael J. WheelerLaurie and Jim Wolf

$1,000 TO $1,499AEGON Financial Partners DivisionAIM / GoldenCare USARick and Jane AmelonAndres ConstructionAnonymous DonationsRob and Lori AshtonKirk H. BaurLindsay and Dalise BlantonDavid C. BonneyLonnie and Janet BowmanDaniel M. BrannonKathleen M. and Thomas D. CherittColonial Country Club CharitiesJohn and Allison DraperBob and Becky EvartJohn and Karen FoleySkip and Cisy Gray

Ron and Myra HuffBrian W. JohnstonVictor and Kim JonesScott and Terri KallsenRobert H. and Carolyn W. KerrChristopher KlennerLaw, Snakard & Gambill, P.C.Deborah I. LawrenceJames A. LeachPhilip E. LeopoldLTCI Partners, LLCCharles and Rebecca McGeeRick and Sue McManusMidland NationalLuis and Janine MunizOak Grove Commercial Printing Inc.Kirk B. OlliffHarvey L. PullenRuth Mary RaceScott and Susan RainvilleStephen M. RayAnthony R. SmithPaul R. SoderlundDave and Kathy SurgentGary and Virginia SvatekT.G.I. FridaysTodd and Patricia TaylorDick and Doris TerrellTravel Service EverywhereTeresa and H. David TylerCarl and Janis WagnerHomer W. WorrellRichard T. Young

$500 TO $999American National Bank of TexasKurt and Sue AndersonAdan and Janet AraujoJonathan B. Black, CSNAMike and Paula BrinkmanGretchen O. ButlerMike and Kim CampbellClaudia CanestraBrad D. Cleeton

Board member donationsIn-kind donations only

2010 13

AnnuAl donoRs

donoR pRoFilECraig Badger graduated high school from Massena Central located in Upstate new York and wife Lauren graduated from Howell High in new Jersey. Both played sports in high school; Craig continued to play basketball at Potsdam College. He received a BS with an emphasis in economics from Potsdam while Lauren went south for her college education attending Elon University in north Carolina. It would be 9 years after college before their paths would cross, but they did. Lauren moved back to new Jersey after college, and Craig found himself in the Garden State pursuing a professional career at Enterprise Rent-A-Car. the Badgers were married in June 2006 almost four years after they first met. June 2011 will mark their five year anniversary. In September 2008, Brady was welcomed into the Badger’s world and the family became three.

Craig has been working for Enterprise for over 17 years and because of his business knowledge, he is a perfect fit for money manager of their household. Enterprise has given him many skills that apply to other areas of life. Badger says, “the best part of my job is developing talent and seeing those employees get promoted through our system and meet their professional goals.” Badger continued, “In 20 years I hope to be retired and enjoying my family life, spending more quality time with my wife and son. I also plan on still being a contributing member of the community in some way, as I am a strong believer in giving back.” According to Badger, financial literacy is such an important topic to our nation.the more information we can get in people’s hands and the earlier we can do it, the better off we will all be. It is imperative to teach financial literacy if we are to develop a nation and youth that are financially competent. FCEF is an exceptional organization because it is dedicated to educating people about financial literacy. the more people we can educate the better society we will create!

FCEF is grateful to Craig and Lauren for their strong support and Craig’s dedication as a volunteer board member.

$500 TO $999 Jeff Clyman Cotton PatchMelissa R. CoxTimothy J. CusterDell ComputersMerry and Logan DickinsonMark J. DierlamMark and Marion DiunizioJeff DixonEast Bay Coast Guard Spouses ClubEL ArroyoElite Silver JewelryJay C. Ellis

FHLB DallasFranklin Templeton InvestmentsCarlos and Monette GarzaTom M. GriffithScott A. HallockHarris Parkway Dental CareAnthony G. HarveyHigginbotham & AssociatesKevin D. HollisSusan J. JennawayScott W. KellerRalph B. KellyKenneth & Cherrie Garrett Foundation

Larry R. MarkowskiKristy J. McCormickJoseph R. McLaughlinVertis and Adriane McManusDenise and Pat MillerJoe PottsMichael and Jane B. NeveuEarl OliverOn the BorderAlan E. OrrDr. Vince PattonAndy and UkCha PikeR. Danford Doss DDS Inc.Robert J. Rausch

Board member donationsIn-kind donations only

20101414

donoR pRoFilEIn 2008 FCEF ventured to hold its very first golf tournament. Pulido’s Restaurant was one of the first sponsors to sign up and has been a supporter for all the following golf events. the Pulido team has become a steady part of every FCEF golf event. their level of participation escalated dramatically in 2010 when they stepped up as the dinner sponsor on very short notice. FCEF owes a debt of gratitude to Pulido’s for their generosity.

Dionicia Pulido learned to cook all the traditional meals of Mexico in her mother’s kitchen, as a young girl. Years later her delicious home cooked lunches for husband Pedro Pulido were soon popular among his coworkers at the railroad. Bobby Pulido, current CEO and President of Pulido Associates, Inc. would bring lunch to his father as a young boy. Dionicia started her entrepreneurship in her house

selling tacos, tamales, eggs, milk and homemade butter, which was the beginning of what is known today as Pulido’s. In 1966 the Pulido sons opened a small restaurant on Spring Street in Fort Worth, which is now named Pulido Street. these delicious recipes are still the same today. Pulido’s Restaurants are known for this wonderful Mexican food and outstanding service. numerous Pulido’s Mexican Restaurants remain a part of Fort Worth’s history and are now run as a family business.

FCEF is grateful to Robert Pulido, Sr., President, to John Rodriguez, Vice-President and the entire Pulido team for their strong support.

AnnuAl donoRs$500 TO $999 Bill and Bonnie Robeson Rick and Maureen Rohr Steve and Denise RossT. H. RushMilton A. SalterTony SandersEric K. SchusterDaniel F. & Eleanor E. SeemannJames W. SimonsHugh and Denise SimpsonRobert SlaughterStoney and Chris SloanTed SmithBob and Lisa SmithSmoothie KingMatthew J. SteffesJoey A. StoraskaBenny and Helga StrangeTexas Center for the Advancement of Literacy & Learning

The Principal Financial Group®Michael J. TheresMark R. TimkoU. S. Naval Sea Cadet Corps. Region 8-4VAW - VRC Officers Spouses Assoc.William D. WhiteDavid WhitfillKelly and Debbie WilliamsWilliams TrewMatthew W. WineriterBrian K. Young

$250 TO $4994Trust Mortgage (Betsy Gutierrez)Sandy T. AllenAuldridge GriffinLance W. BachranBarron Photografix, Inc.John and Carla BartonRichard E. Batten

Mary Kay and Patrick BenishKaren and Allen BertapelleJoshua D. BlackEmma and Dennis BlakerRobert E. BowmanJustin D. BrandtDavid H. BrooksSean and Erica BrownNicholas W. CampbellPeter C. CarloCity Vending Co.Russell H. ClarkeCarl E. CorneliusWilliam A. CrowEdward J. DaffronDataSpanJim DeGaetanoGordon and Cheryl EdginRobert and Pam ElliottHenry C. EvansEdward C. Fariss

Board member donationsIn-kind donations only

2010 15

AnnuAl donoRs

FOR JUST PENNIES A DAY YOU CAN HELP FCEF GROW AND SUSTAIN VITAL PROGRAMS THAT

HELP CREATE ABUNDANT LIVES.

Imagine 33 pennies making a difference in someone’s life!

$10 a month (33 cents a day) from 250 donors = $30,000 a year. That’s 30 $1,000 scholarships in one year!

It takes a lot of pennies each year to create scholarship opportunities and financial literacy programs. FCEF’s fundraising efforts are ongoing. We explore all avenues of fundraising each day! Our annual golf classic is FCEF’s main scholarship fundraiser!

33 cents a day…

Can make a big difference

$250 TO $499 FedEx Services Richard A. Fleming Tony FordFort Worth South Area CouncilNancy and Mike GazzerroFrederick GenualdiDennis W. GlynnRonald E. HaglerTracy A. HeichelbechMary L. HicksRalph L. HillHinckley Cook P.C. Certified Public AccountantsKodak HortonInvescoNichole D. JansenBruce and Rhoni JenningsLori and Norman KaneRobert S. KeatonDavid KielCharles D. KilburnKroger Neighbor to NeighborJeffrey A. LutherEddie McClellandGregory R. Meyer

Owen E. MillerJerry and Pong Mi MohrPaul L. MonroeMorgan Keegan & Co., Inc.Joe and Dana MorrinWilliam A. MotleyMary Myers-DeVlugtWilliam O. NicholsMark and Carolyn O'ConnorMichael K. ParkerRich and Candyce ParringtonWilliam J. PerryKimberly and James ProvoTimothy R. RandleRandolph AFB Woman's History CommitteeRickard E. ReinRenaissance Worthington HotelAngie G. RibuffoTroy D. RichardsSandy K. RishelSafeco InsuranceJim and Judy SchlessShay Investment Services, Inc.David SheehanSid Richardson Museum

Lori SidronyStephen E. SimmonsJohn C. SniderMerle and Cindy SpauldingDavid A. SpisakGerald I. StanleyDavid C. StrickWilliam J. and Pauline StroppTexas Motor SpeedwayStephen D. and Janet R. ThaelerTugg and Jo Ann ThomsonMatt ThomsonAmber and Mike TurleyClarence and Cecelia L. Van DonselaarMichael A. WalkerJeffrey A. WallaceMike and Bonnie WatsonEsau and Rosa Maria Williamson

Board member donationsIn-kind donations only

201016

liFEtiME giving (sinCE 2002)$2,000,000 AND UPFirst Command Financial Services

$500,000 TO $999,999Payne Family

$250,000 TO $499,999First Command Bank

$100,000 TO $249,999Torchmark Corporation

$50,000 TO $99,999Mark DierlamInvesco Aimnicholas and Anna Ricco

$25,000 TO $49,999AIG Life BrokerageAnonymousCharles T. BauerFranklin Templeton InvestmentsDon and Pattie FrizzellHyatt PlacePhilip & Janice Levin Foundation Premier Wines of PlanoLamar and Jan SmithPaul J. and Susan SmithScott and nancy Spiker

$10,000 TO $24,999Atmos EnergyCraig and Lauren BadgerDavid S. Irvin, The Portrait PhotographersMarty and Sherril DurbinJohn and karen FoleyJeffrey L. GibsonHometown ThreadsRon and Myra HuffJay Smith Scholarship & Excellence FundMargaret A. kapuschanskyLaw, Snakard & Gambill, P.C.Vickie C. MauldinMcConstruction CompanyMark and Annette nielsenMichael D. O’HanlonJim and Louise PetersenPioneer Investmentskathryn L. SkillingtonGeorge C. TalleyTexas Credit Union LeageThe Covey Restaurant & BreweryMike and Jane ThomasUnited Technologies CorporationMike Wheeler

$5,000 TO $9,999Boyd AdamsDavid and Linda AlleyRick and Jane Amelonkurt and Sue AndersonAndres Construction

Rob and Lori AshtonBill and Mary BartelsRichard E. Battenkirk H. BaurBradley A BergerDavid C. BonneyLonnie and Janet BowmanDaniel M. BrannonBarry B. Bridgerkathleen M. and Thomas D. CherittColonial SavingsCompEdge FinancialConsumer Service Alliance of Texas (CSAT)Walter F. CoulterHoward CrumpRonald R. DorenbuschJohn and Allison DraperE Management SystemsDon and Libby EberlyEdward T. ElmendorfEnterprise Rent-A-CarJohn W. ExnerFedEx ServicesCarlos and Monette GarzaRichard E. GilesSkip and Cisy GraySamantha and Mike HilliardScott L. HullBrian W. JohnstonRobin L. JonesVictor and kim JonesRobert H. and Carolyn W. kerrRaleigh C. kone

James n. LanierJames A. LeachChristipher D. LeePhilip E. LeopoldDonald G. MarcumCharles and Rebecca McGeeRichard I. McManusMike and Linda MorrisonFrederic W. Offuttkirk B. OlliffFrederick D. OrrCharles E. PatisaulAndy and UkCha PikeHarvey L. PullenStephen M. RayMarty and Stacie RobbinsSteve and Denise RossHugh and Denise SimpsonAnthony R. SmithTed SmithPaul SoderlundDave and kathy SurgentRon and Linda TestaTexas Aerospace Education FoundationBarry D. ToddTravel Service EverywhereTeresa and H. David TylerJay W. VanceVenetian Custom HomesCarl and Janice WagnerEsau and Rosa Maria WilliamsonLaurie and Jim WolfHomer W. WorrellRichard T. Young

MEMoRiAls And in HonoR donAtionsMeMorial for lt. Jay SMith ScholarShip & excellence fund

Chevron Humankind Matching Gift PrgmJeff ClymanMichael D. GilbertGlenn & Millie Roberts Paul J. & Susan Smith

in MeMory of Jack Mcfadden

Richard DodgePam Elliott Midge & Jim kelleyThomas PanagoulisPaul J. & Susan Smith

MeMorial for dallaS t. lower

John & Allison DraperDon & Libby EberlyMargaret A. kapuschansky

in honor of the Marriage of dave & karen Bonney

Eric k. Schuster

in honor of roSe green

James L. Greene

MeMorial for Mildred cookSey

Charles & Mary Jean Doerler

in honor of dick and doriS terrell

Robert & Carolyn Robertson

MeMorial for M. alice konecny

AnonymousDon & Libby Eberly

in honor of lone Star Squadron nicholas & Anna RiccoU.S. naval Sea Cadet Corps. Region 8-4in honor and MeMory of JoSef e. kuBeS Sr.

kubes Jewelers

pAssivE giving“Passive income” has proven to be a powerful source of income for FCEF. We are grateful for our local community partners; their combined donations in 2010 totaled over $10,500.

Something as simple as using the search engine, GoodSearch or using rewards cards while grocery shopping helps FCEF raise funds for scholarships and financial literacy education.

We would like to thank:

2010 17

FinAnCiAl HigHligHts2010 was another successful year for FCEF. We greatly appreciate every one of our corporate and individual donors. The number of donors, the various gifts and the different sources are just as important as the total revenue raised in any given year. Each donation, large or small, raises the level of giving and this is vitally important to the Foundation when seeking grants and funding from outside sources. Our individual donors remain committed to our mission and those we serve. Once again, we are pleased to see individual donors as FCEF’s largest funding source since this group traditionally represents the largest donor group across America.

FCEF’s overall financial position increased approximately 32.7% over 2009. FCEF continues to be well positioned financially to meet the challenges in 2011 and beyond.

Michael F. Morrison Treasurer

stAtEMEnt oF ACtivitiEs Unaudited Audited 2010 2009Public Support and Other RevenueDonations $950,368 $675,370Special Events $34,849 $35,500Other $39,070 $120,046Unrealized gain (loss) on Investments $70,272 $105,381 Total Revenue $1,094,559 $936,297

Program Services Expenses Scholarship $215,382 $224,950Education $369,655 $507,617Development and Fund Raising $148,973 $174,387Management and General Administrative $155,685 $126,782Total Expenses $889,695 $1,033,738net Income $204,864 ($97,439)

Net Assets At Beginning of Year $904,843 $929,080At End of Year $1,200,557 $904,843Increase (decrease) $295,714 ($24,237)

“Our indiviual donors remain committed to our mission and those we serve.”

20101818

boARd oF diRECtoRs

Robert Slaughter President

V-22 Sr. ILS Specialist, Bell Helicopter

Hurst, TX

Dr. Vince Patton Vice President Dir of Community Outreach, Military

Advantage/Monster Worldwide Alexandria, VA

Martha E. “Cisy” GraySecretary

Retired Fort Worth, TX

Michael F. MorrisonTreasurer

CFO and EVP, First Command Financial

Services, Arlington, TX

Kurt B. Anderson Retired

Fort Worth, TX

Craig M. Badger Vice President,

Enterprise Rent-A-Car keller, TX

Kim Campbell BBVA Compass Bank

Arlington, TX

Glenn Roberts Construction Manager, Chevron Energy Sol. Co.

Cathedral City, CA

Paul J. Smith Retired

Miramar Beach, FL

Doris M. Terrell Retired

Fort Worth, TX

Front Row, left to right:- Al Godoy, Financial Education Instructor- Inge Lavallee, Development Assistant- Romy Basil, Educational Programs Manager- Vickie Mauldin, Chief Executive Officer

Second Row, left to right- Shanica Woolridge, Money Matters Coordinator- Tania Williams, Administrative Assistant- Pam Elliott, Executive Assistant/Office Manager

Top Row- Adriane McManus, Scholarship Programs Manager

stAFF MEMbERs

Dr. Albert L. Reyes President, Buckner

Children & Family SVCS Dallas, Texas

Pat Taber Benbrook Economic Development CorpBenbrook, Texas

2010 19

WOMEN give more than men.

The oldest recorded fundraising appeal was written by St. Paul around A.D. 55.

84% OF UNDERGRADUATES indicated they needed more education on financial management topics. In fact, 64% would have liked to receive information in high school and 40% as college freshmen.

Mail recipients spend more time looking at the BACK OF THE ENVELOPE than the front.

Older people give more than younger people.

Envelopes with no outside messages have better fundraising results than ones with messages.

The most read part of a fundraising letter is the P.S.

Based on a national survey of high school seniors, America’s teenagers, as a group, scored a failing grade in basic financial literacy knowledge.

Young adults between 20 and 24 represent the fastest growing segment of bankruptcy filings; in fact, more people filed for bankruptcy in 2004 than graduated from college.

More students will file for bankruptcy than will graduate from college.

The number of 18 to 24-year-olds declaring bankruptcy has INCREASED 96% IN 10 YEARS.

Only 1 in 3 teens knows how to read a bank statement, balance a checkbook and pay bills. Barely 1 in 5 had any idea how to invest.

People in the 18 to 24 age bracket spend nearly 30% OF THEIR MONTHLY INCOME just on debt repayment – double the percentage spent in 1992.

Only 45% of teens know how to use a credit card, while just 26% understood credit-card interest and fees.

College seniors who graduated in 2009 carried an average of $24,000 in student loan debt. Meanwhile, unemployment for recent college graduates climbed from 5.8% in 2008 to 8.7% in 2009, the highest annual rate on record for college graduates aged 20 to 24.

Both the percentage of people who donate their time to organizations and the number of hours people spend in volunteer activities are higher among individuals with HIGHER LEVELS OF EDUCATION.

did you know?

First Command Educational Foundation1 FirstComm PlazaFort Worth, TX 76109-4999

Phone: 817.569.2940Toll Free: 1.877.872.8289Fax: 817.569.2970

edufoundation@fcef.comwww.fcef.com

©2011 First Command Educational Foundation 04111

Mission: Promote and provide education as the foundation of a productive society through scholarships and financial literacy programs.

Vision: Become a nationally recognized leader in providing high quality financial literacy and supporting pursuit of higher education.