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No Greater Sacrifice 2015 Freedom’s Future and Donor Report

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Friends,

Since No Greater Sacrifice (NGS) was founded in 2008, our goal has been to enable the greatness within the children of fallen and combat wounded Service members through their pursuit of higher education.

On behalf of the NGS Board of Directors, I am pleased to present the third annual Freedom’s Future. We have named this report Freedom’s Future as the children of America’s brave warriors are indeed the personification of freedom. We issue this report as a reminder and a challenge in regard to the importance of honoring the sacrifice of our Service members. We ask individuals and organizations to invest in a future where peace of mind is felt by the families of those who have given so much for all of us.

Through this updated report, we are now able to quantify that it will take $1.65 billion in today’s dollars to provide educational opportunities for the children we are dedicated to serve. We must rise to the challenge as these families have sacrificed for our freedom.

Thank you to all who helped in the creation of this important report and to all who continue to support No Greater Sacrifice as well as our cause. Please learn more and download the free report at: www.nogreatersacrifice.org/freedomsfuture.

With deep respect,

John J. Brown

Chairman of the BoardNo Greater Sacrifice

Letter from the Chairman

Friends,

Since No Greater Sacrifice (NGS) was founded in 2008, our goal has been to enable the greatness within the children of fallen and wounded Service members through their pursuit of higher education.

On behalf of the NGS Board of Directors, I am pleased to present the 2015 Freedom’s Future and Donor Report. We have named this report Freedom’s Future, as the children of America’s brave warriors are indeed the personification of freedom. We issue this report as a reminder and a challenge in regard to the importance of honoring the sacrifice of our Service members.

Through this report, we are able to quantify that it will take $1.51 billion in today’s dollars to provide educational opportunities for the 51,467 children of fallen and wounded Service members.

We must rise to the challenge as these families have sacrificed for our freedom. We ask individuals and organizations to invest in a future where peace of mind is felt by the families of those who have given so much for all of us.

While hard to quantify, know that NGS-supported families get confidence and pride from their participation in our programs, in large part due to the large numbers of highly accomplished Americans who have chosen to support our NGS families. We thank you for your commitment to do something that materially affects the lives of the families of America's Service members.

NGS understands that you put great trust in us to be good stewards of the resources that you have provided NGS. We converted 92% of your donations into actual program benefits. That is a top rating and puts NGS among the very best of all non-profits in the United States. NGS is committed to serving the families we support without distraction and that fact is reflected in our audited financial statements.

We understand that our most important metric is the value that NGS provides to Service member families. We also know that you, our donors, require us to be single-focused on that metric. While many communications focus on the warmth of program activities, we also wanted you to know that we have the numbers to back them up.

All of us at No Greater Sacrifice thank you for your support. Please learn more and download this report and our financial statements at: nogreatersacrifice.org/about/financial-information

With deep respect,

John J. Brown

Chairman of the Board No Greater Sacrifice

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“We have named this report Freedom’s Future, as the children of America’s brave warriors are indeed the

personification of American freedom.”

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Methodology and Key Inputs

Through use of public data and original analysis, NGS was able to derive key inputs to

forecast the costs and project timing of need for the children of fallen and combat wounded

Service members to pursue post-high school education.

Fallen and Combat Wounded Service Members The Military Casualty Information* database indicates there have been 59,142 total fallen and combat wounded Service members across the three primary military operations since September 11, 2001. These numbers are representative of May 5, 2015, when the analysis model was finalized.

The table below illustrates the breakdown of these sobering numbers.

War Fallen Wounded

Operation Enduring Freedom (OEF) 2,351 20,068Operation Iraqi Freedom (OIF) 4,412 31,950Operation New Dawn (OND) 66 295TOTAL 6,829 52,313TOTAL Fallen and Combat Wounded Service Members 59,142

*Military Causality Information database - https://www.dmdc.osd.mil/dcas/pages/casualties.xhtml from May 5, 2015. Children of Fallen and Combat Wounded Service Members The next set of inputs feeding the present value model involved calculating the total number of children of the fallen and combat wounded. There is no publicly available source that reports on this number; therefore assumptions were used from government statistics to calculate this key input.

In addition, the calculation of the estimated total number of children who will pursue post-high school education needed to be defined to ensure a realistic model. These numbers are not widely available either and involved original analysis on behalf of NGS.

The total estimated number of children of wounded and fallen was calculated to be 51,467. The following government statistics were applied to the total number of fallen and combat wounded Service members to derive this estimation: 44% of active duty Service members have children and there are an average of two children per family. When broken down further, this number reveals that there are 6,025 military children who have lost a parent and 46,020 children of combat wounded Service members.

Distribution of Ages for the Children of Fallen and Combat Wounded Service Members

Deriving a distribution of ages for the children of fallen and combat wounded was necessary in order to model what year these children would likely enter college. The relationship between a fallen or combat wounded Service member and how old their children are is not publicly available; therefore, the model made assumptions of their age and the Service member’s age. Information from a government report provided a framework for estimating the age of the children. This component was critical in determining the cash inflows and outflows across multiple years to identify the present value. Below illustrates the defined age distribution of children used in the model.

Distribution of Children (age) of Military Parents

22 0.4% 14 3.5% 6 6.0%21 0.5% 13 3.8% 5 6.4%20 1.5% 12 4.1% 4 7.0%19 1.9% 11 4.4% 3 7.1%18 2.2% 10 4.6% 2 7.4%17 2.6% 9 4.9% 1 7.6%16 2.9% 8 5.3% 0 7.1%15 3.2% 7 5.5%

*https://www.dmdc.osd.mil/dcas/pages/casualties.xhtml

Total estimated number of children of fallen and combat wounded

51,467

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51,467estimated number of

children of fallen and combat wounded

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$100K

$80K

$60K

$40K

$20K

$0K

Now 5 years 10 years 15 years

The $1.51 billion present value quantification outlined in this report is a demonstration of the importance of NGS’s mission and many other organizations including nonprofits, grants, and scholarships. Year over year the PV actually dropped from $1.73 (2012) to $1.65 (2013) to $1.51 (2015) in part because the Educational inflation went down from 4.2% to 3.2% to 3.0%. By looking at the financial need in today’s dollars, this report moves one step closer to helping meet the needs of tomorrow.

Understanding the Model The report brings to the forefront the need for immediate and increased focus on securing educational funding across resources including nonprofits, grants, and scholarships for future financial support.

Key Considerations for the Model NGS has made assumptions and compiled data from different sources to establish this model.

• NGS cannot predict the end of the conflicts; therefore, the model assumes the conflicts end May 5, 2015, when the model was finalized.

• The report does not calculate and provide analysis on current funding from government and private entities for this cause due to a lack of consistent and available data.

• The present value model recognizes that not all children may want to pursue a post-high school education.

• The model represents children as ages 22 years old or younger will be pursuing post-high school education in the coming years.

• Based on the defined distribution of children of the wounded and fallen, there are 35,972 children are eligible to pursue a post-high school education in the future.

• Of the 35,972 children, 23,741 (or 66%) are likely to pursue a post-high school education.

• NGS also recognizes that the military is a unique community and does not trend like the rest of the country as this model might suggest.

• The model was unable to account for the number of military children who enlist in a branch of the military or enroll at one of the Academies after high school rather than attending a 4 year public, private, or trade post-high school institution, because this number has not been tracked or released publicly.

• Marriage trends were not incorporated due to lack of availability of supporting relevant demographics.

• The model reflects a conservative approach to analysis because NGS would like to be as accurate as possible and would prefer to overestimate rather than underestimate.

The model will be updated on an annual basis to reflect changes in key variables including: number of wounded and fallen, number of children of the wounded and fallen, number of expected children to attend college and to reflect any new data that becomes available.

The Increasing Cost of Secondary EducationThe following breaks down the increasing cost of one year of tuition over the next 5, 10, and 15 years and was a key driver into the creation of this report.

The Present Value of Educating Freedom’s Future

Since September 11, 2001, more than 59,142 fallen or combat wounded Service men and

women have sacrificed for our country. By identifying a monetary cost associated with

supporting post-high school education opportunities for the children of fallen and combat

wounded Service members and their families’ peace of mind, we are able to put immediate

focus on the urgent need for support.

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$1.51 billionthe cost of post high school education

of children of fallen and combat wounded Service members

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Our Impact

“Thank you for awarding me the No Greater Sacrifice scholarship. I cannot express how

grateful I am. Mercyhurst is my dream school and now that you have lifted the financial

burden I can focus on my studies.”

– Amanda Beardi, NGS recipientDaughter of Army MAJ David Beardi (Ret.)

“I cannot begin to describe the level of gratitude I feel towards you and the fine folks at No Greater Sacrifice. You have taken my time in Iraq and turned it into a beautiful

and amazing gift that has been given to my daughter.”

– USMC 1st Sgt Michael Davis (Ret.)Father of recipient Hannah Davis

“You help parents like me who want their kids to have a bright future but may not be able

to financially make that happen. You have no clue how important your efforts are and how

much they mean.”

– USMC GySgt Ed Walsh (Ret.) Father of recipient Kayla Walsh

“Your dedication proves that there are Americans who recognize the sacrifices that

not only the Service members make but their children as well. Thank you for supporting my

education and future career goals.”

-Jaquel Barnes, NGS recipientDaughter of Army CSM Louis Barnes (Ret.)

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Donors Ensuring Freedom’sFuture is a Reality

Over $1 million Citi

$100,000 - $500,000Adfero Group*BlackRock Financial Management, Inc.Mr. James J. Bruder, Jr.Jones Day*Lazard Capital Markets LLCMr. and Mrs. Robert McCannSapient Government Services*UBS Employee Giving ProgramsUBS Financial Services, Inc.Anonymous

$50,000 - $99,999Mr. and Mrs. Phillip BildenThe Boeing CompanyBressler, Amery, and Ross, PC.*Mr. John J. BrownCommander Carey CashMr. and Mrs. John H. DeckerHovde FoundationJ Street Cup KCGNewman’s Own Foundation

$25,000 - $49,999Balyasny Asset ManagementBank of New York MellonJohn V. Cioffi FoundationCQSCredit SuisseDC Capital Partners, LLCDeloitte Services LPFallon Family Charitable FoundationMr. and Mrs. Daniel GarrisonGoldman SachsIBMSenator Ron JohnsonKatten Muchin Rosenman LLPLincoln Financial GroupMcQuade Family FoundationProtégé PartnersS3 Partners, LLCThe Scoby Family FoundationSunGard Data Systems, Inc.Teneo Strategy ConsultingMr. Thomas F. Troy

$10,000 - $24,999Mr. and Mrs. Peter AckermanAmeriprise FinancialApollo Management

Arden Asset ManagementRosemary Berkery and Bob HausenThe Blackstone Charitable FoundationBoathouse Group, Inc.Booz Allen HamiltonBrandes Investment Partners, L.P.BroadridgeBrown Brothers HarrimanCampbell and Company, Inc.Thomas and Agnes Carvel FoundationCGI FederalCiti Business ServicesCommunity Foundation for the National Capital RegionCrystal and CompanyMr. Israel A. EnglanderFeherty Troops First FoundationMr. and Mrs. Robert FitzpatrickMr. Mark FlahertyThe Gaisman FoundationGE Asset ManagementJohn HancockSusan and Richard Hare Family FoundationHatteras Investment Partners LLCNew York Community Trust - Peter HoffmanMr. Wayne HolmanHoneywell International CorporationHowrey LLPMr. Brian HullIntralinksInvescoIonic Capital ManagementJefferies LLCMr. and Mrs. Tom JoyceJPMorgan ChaseKohlberg Kravis Roberts and CoL-3 Communications CorporationMr. and Mrs. Ken LangoneLennar Found./ Rialto Capital ManagementLockheed MartinMr. James MacGilvrayMr. and Mrs. Barry MandinachMr. Joseph ManningMerrill LynchMetLifeMichael Baker InternationalMorgan Stanley Community AffairsNesi Family FoundationMr. Mike NovogratzNYSE GroupMr. Tagar OlsonOppenheimerFundsMr. and Mrs. Greg OutcaltPacific Club Impact FoundationPES Charitable Lead Annuity TrustPlante and Moran*

Price Waterhouse CoopersRochdale SecuritiesMr. and Mrs. Mark SciontiSG Americas SecuritiesThe Thomas Ashton FoundationSikorsky AirCraft CorporationSkadden, Arps, Slate, Meagher, and Flom LLPMr. Thomas SkeaSkyBridge CapitalSociete General Corporation and Investment BankingState StreetJay and Kelly Sugarman FoundationColonel and Mrs. David SutherlandTextronVenture Programs, Inc.Veterans on Wall StreetWaddell and Reed CompaniesWalker GroupWells FargoRobert Willens LLCWillkie Farr and Gallagher LLPWinston Partners Group LLCWJB Capital Group, Inc.

$5,000 - $9,999Allianz GI DistributorsAlpine Capital ManagementAmerican CenturyAmerican Royal AssociationMr. and Mrs. David AndrewsBay Crest Partners, LLCMr. and Mrs. Mihir Bhattacharya2008 Blue Dog Democrats Convention Events Fund, LLCMr. and Mrs. William R. BookerMr. and Mrs. James BosekBoston FoundationMr. Douglas BraffNational Financial Services LLC James Bruder, Jr.Camelbak*Mr. James CarmackCarnival Cruise LinesMr. and Mrs. Samuel ChapinCharterCitco Fund ServicesCity of HarrisonCoatue ManagementCommunity Foundation of North FloridaMr. and Mrs. Kevin ConnorFidelity- Covidien Charitable Gift FundDahlman RoseDelaware InvestmentsDeutsche BankMr. and Mrs. Kirk DonaldsonRR Donnelley

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$1,000 - $4,999Ms. Rena AbeMr. and Mrs. Elliot AckermanMr. and Mrs. John AdelmanMr. and Mrs. Joshua AdlerRavinda K. AhujaMr. and Mrs. Manny AlasMr. John AldermanMr. and Mrs. John AlexMr. and Mrs. Chad AllenAllianceBernsteinMr. Patrick AmatoAmeritradeMr. David AndrewsMs. Mona AndrikianApplebrook Associates, LPArcadia Communities, Inc.Mr. Reed ArmstrongMr. Keith ArnottAscend Capital, LLCMr. and Mrs. Bernard AscherAtlas Roll Off CorporationMr. and Mrs. Chris BagatelosMr. Robert W. BailieS A. BaliThe Bank of America Charitable Foundation, Inc.Mr. Gregory BaecherMs. Annie BarnesMr. and Mrs. Jamie BaumMr. Richard BennettBeta Theta Pi, Upsilon ChapterMr. and Mrs. Aniello BiancoMr. and Mrs. Richard P. BildenJohn W. Hovekamp and Susan J. BlackwellMr. David BorgerMr. and Mrs. Victor BoschiniBoston Concessions Group of NYMs. Kellie Brady and Mr. Todd CowanMr. Robert BradyBridgewater Associates, Inc.Mr. and Mrs. Shaun BroderickGolf Quest of BrookfieldMr. Joseph P. BrooksBrown AdvisoryMr. Thomas A. Bruder, Jr.Mr. and Mrs. Jonathan BurkanEllis A. Burrows and Jeffrey C. KitzisDane Butswinkas and Megan RuppMr. Richard CacciapagliaMr. Marco CamachoMs. Helen CameraSchwab Charitable Fund - Capital Formation CompaniesMr. Michael CarrMr. and Mrs. William CarrollMr. and Mrs. Vladimir CartwrightMr. and Mrs. Mark CarverJoan Perkowski Cashin FoundationMr. and Mrs. Thomas CavadaMr. Jason ChandlerMs. Chris Kelly CimkoMr. Thomas CoashMr. and Mrs. Daniel Coash

Mr. Daniel C. CochranMr. and Mrs. John CollinsCommunity Foundation of New JerseyMr. Devin CondronMr. and Mrs. Jason ConleyMr. Paul ConnollyMr. and Mrs. William Conti, Jr.Warren & Katherine Coopersmith Found.Mr. and Mrs. Douglas CoughlinCRA, Inc.Judge Barbara CurranMr. and Mrs. Richard P. DachteraMr. Philip DanishefskyMr. Steven DavidsonMr. Felix B. DavidsonMr. and Mrs. Mark DawsonMs. Mary Ann DeignanMr. George DennisMr. Peter DeoterisMr. John S. DeRosaMr. and Mrs. John DevaneyMr. Vincent DicamilloMr. and Mrs. Daniel DichterMr. James P. DillonMr. Scott DillonMr. John P. DolanMr. Steve DolgeMr. Michael DonovanMr. Ted DoreMr. and Mrs. Brian DorstDrinker Biddle and Reath LLPEdelmanJames L. Eighberg Foundation, Inc.Mr. Jonathan EisenbergMr. and Mrs. Harold ElishMr. Trent ElliottMr. Earl E. EllisMr. and Mrs. Maynard EngelMr. and Mrs. James EnglesMr. R. Christopher ErricoMr. and Mrs. Stephen FahyFarm Credit ServicesFarmer’s National CompanyMr. Harry FaustMr. Jason I. FeldmanMr. William FerriMr. WIlliam FeuermanFidelity Charitable Gift FundMr. and Mrs. John FitzpatrickFJC -A Foundation of Philanthropic FundsMr. Alex FokidesMr. Harold Ford, Jr.Mr. and Mrs. Peter ForlenzaFormula Sports GroupMr. and Mrs. Daniel ForresterFossil Partners, L.P.France-Merrick FoundationMs. Erin FreitagFTSE Americas, IncMr. Daniel FureyMr. and Mrs. Joseph GabrieleMr. J.D. GambleMs. Kelly Leigh Ganz

Donohue Family FoundationMr. Alex EhrlichErnst and YoungMs. Leila Fayaz-LarijaniMr. Alan FeldmanMr. Edward T. Finneran IIIFirst Command Financial ServicesMr. Robert FlanaganGeneral Dynamics C4 Systems

Genworth FinancialGetco, LLCMr. and Mrs. Sean GilmartinMr. Jeffrey HaasMr. Martin HalbfingerMr. James HausmannMr. Roy HenrikssonHewlett-PackardHovde Capital Advisors, LLCHSBIEP EventsING Funds Distributors, Inc.Investment Technology GroupJackson National Life Insurance CompanyThe JCF FoundationMr. Jason Maxwell KatzMr. Robert KippsHarlan and Amy Korenvaes Family FoundationMr. Jay KormanMr. Odell LambrozaThe Lehman Charitable Trust, Inc.Gusta LuciniMacquarie Holdings (USA), Inc.The Madison of Washington, D.C.Mr. and Mrs. Andrew ManerMr. David R. McWilliamsMercury Capital AdvisorsMHB FoundationMr. Mike MillsMr. David NankMajor General Michael J. Nardotti, Jr. Susan E. NardottiNationwideMr. Patrick J. O’MearaPatton Boggs LLPMr. and Mrs. Michael PerryPershing Square Capital ManagementPIetech, Inc.PIMCO LLCPlanco Financial Services, LLCMr. and Mrs. Frank PorcelliPotomac Research GroupPutnam InvestmentsRaytheon CompanyMr. and Mrs. Michael RicciardiRobeco Investment ManagementRydex Distributors, Inc.Safran USAMr. Michael SchrageBrand MatterSerendipity MagazineMr. Barry J. SmallDr. Shaun SoucieAmber and William Sweedler Family FoundationMr. Jeffrey TarrantTengram Capital PartnersSenator John McCainTouchstone SecuritiesToyota Lift of ArizonaTransAmerica CapitalUnder Armour*Wachtell, Lipton, Rosen, and KatzWood Motor Company

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The GE FoundationMr. Andrew S. GeislerMs. Karyn GeringerMr. James Hugh GibsonMs. Amy GilbertMr. and Mrs. Edward GillespieMr. Paul GilmanGingery Development GroupMr. Sampson GlassmanGomez Family Charitable FundMr. David GoodenoughMr. and Mrs. Charles GraceThe Grainger FoundationMr. and Mrs. Charles GrandeMr. Christopher GrassoMr. Mark A. GrbesaGreat American CateringGreater Washington Commercial Assoc. of RealtorsK.B. GriswoldMr. and Mrs. Madison GroseMs. Louise F. GundersonMr. and Mrs. Marshall HagenMr. Bruce HagerMs. Janet HaleMr. and Mrs. Stephen HallMr. and Mrs. Peter HallMs. Elizabeth JamisonMr. and Mrs. Stephen HammermanMs. Ellen R. HarrisMr. Bruce HarrisMr. and Mrs. Michael HaskellMs. Renee HaugerudMr. and Mrs. Edmund HawleyHCF StrategiesHeart of America Beverage Co.Mr. and Mrs. Brian HehirCarla Piekara Helwig Memorial FundMs. Holly L. HendrixMr. and Mrs. James HigginsHire Disability SolutionsMr. and Mrs. Gordon HolderMr. Devin HolmesHolsten FamilyMr. Bruce HolzMr. and Mrs. Jason HouserMr. and Mrs. Edwin Howard, Jr.Mr. Daniel HoytInfoReliance CorporationPhilip Inglima and Elizabeth WieserIntelliware Systems, Inc.Iron MountainMr. Vernon JacobThe Jacobs Childrens’ Charitable FoundationMr. David JallitsMr. Andrew JohnmanMs. Kelly JonesMr. Michael KaminskiMs. Katie WCKeesal Young and LoganMr. Nicholas J. KellyThomas L. Kempner, Jr. and Katheryn C. PattersonMs. Janice KephartKeyBanc National AssociationMr. Shahab KhanMr. Daniel J. KilmurrayMr. and Mrs. Andrew KingKing and Spalding LLP

Mr. Russell KingMr. Kerry KirkMr. Satoshi KitahamaMr. Steven KittayMr. James KoltesMr. John LahoudMs. Lorraine LaigholdLake Braddock Secondary SchoolLamb McErlane PCMr. and Mrs. Kevin LambMr. and Mrs. Christopher LangeMs. Nicole LangMr. Mark LarsenMs. Leslie LauerMr. David LeachMs. Georgette LeBlancMr. Marc LedermanMs. Kidron LewisMr. Paul M. LewisMr. Paul LiebezeitMs. Pauline M. LockMr. and Mrs. Andrew LovornThe Lowerre Family Charitable TrustLPL FinancialMr. John LucianoMs. Kathleen LynchMr. Thomas R. Lynett, Jr.Mr. John A. MacKinnonMr. Andrew MaddaloniMr. Martin J. MaguireMr. Jay MantzMr. Anthony Marano, Jr.MarshMr. Alfred F. MarsicanoMr. and Mrs. Edward MarxMathis Pfohl FoundationMr. Timothy MatthewsMr. David G. McCarthyMr. and Mrs. Edward McClellanMr. BR McConnonMr. Mark McCooeyMr. Timothy McCormackMs. Gwendolyn McCormickMr. and Mrs. Michael McDermottMr. Sean McFaddenMr. Thomas J. McGivernMr. Edward T. McMahonMr. Brian M. McNeillMedImmune, LLCMr. Matthew MejiaMr. Keith MerickaMr. Clay MillerMs. Rainy MillerMr. Dave MillerJ. Douglas Newman and Maura K. MilliganColonel and Mrs. Henry A. Moak, Jr.Ms. Barbara E. MoffattMorgan, Lewis & Bockius LLPMorley CompaniesMr. and Mrs. Gregory P. MowrerMr. Robert MulhollandMr. Gregory J. MulliganMundt Family FoundationMs. Julie L. MyersMyles Wittenstein Charitable FoundationMr. Keith H NashThe National Capital Fijis

National Philanthropic TrustThe Naval War College Foundation, Inc.NBC UniversalMr. Thomas P. Nerney930 Nightclub A.B. and J. Noyes Foundation, Inc.Mr. and Mrs. Timothy O’BrienMr. Robert OkunMr. and Mrs. Kevin O’LearyMr. Michael O’LooneyMs. Christiane OlsenMr. Liam O’NeilMr. and Mrs. Matthew O’ReillyMr. Carl M. Ostergaard, Jr.Mr. David PalmerPartners at 723 8 Street SE, LLCMs. Sharon PaulMr. James PellicanePer Se RestaurantMr. Richard J. Perry, Jr.Peterson Family FoundationPi Kappa Alpha, Gamma Omega ChapterMs. Donna PiacentinoMr. Gerard PlunkettMs. Paula PolitoMr. Michael PoppoMr. Christopher PrestonNational Philanthropic Trust - Price FamilyM. Putterman and Co. LLCMr. Damien QuinnMs. Margaret Beal RabitoMr. Lawrence RaffertyMr. Bradley RayMr. Robert S. RederMr. Kevin ReedMr. Sean ReynoldsThe Roach Foundation, Inc.Mr. and Mrs. Bob RobertsonMr. and Mrs. Levi RodgersMr. Christopher RogersMr. James S. R. RoseMr. and Mrs. Kirk RostronMr. and Mrs. Robert RothmanMs. Karen M. RothMr. and Mrs. Anthony RundellaMr. Michael RuppertMr. and Mrs. Kevin RuthMs. Julia RutherfordMr. and Mrs. Michael RyanMr. and Mrs. Christopher SadakaMr. Matt SalemMr. William Sales, Jr.Mr. and Mrs. Paul SantucciMr. and Mrs. Michael SauerMr. Jonathan ScanlonMr. Jonathan SchausMr. and Mrs. Jack SchecterMr. Robert J. SchiffMr. Brian SchillerMr. Scott SchweighauserMr. Michael SelverianMr. Brett SetzerMr. Stuart SharoffMr. Michael J. SharpMr. Justin SheperdMr. and Mrs. Keith ShepherdSidley Austin LLP

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National Philanthropic TrustThe Naval War College Foundation, Inc.NBC UniversalMr. Thomas P. Nerney930 Nightclub A.B. and J. Noyes Foundation, Inc.Mr. and Mrs. Timothy O’BrienMr. Robert OkunMr. and Mrs. Kevin O’LearyMr. Michael O’LooneyMs. Christiane OlsenMr. Liam O’NeilMr. and Mrs. Matthew O’ReillyMr. Carl M. Ostergaard, Jr.Mr. David PalmerPartners at 723 8 Street SE, LLCMs. Sharon PaulMr. James PellicanePer Se RestaurantMr. Richard J. Perry, Jr.Peterson Family FoundationPi Kappa Alpha, Gamma Omega ChapterMs. Donna PiacentinoMr. Gerard PlunkettMs. Paula PolitoMr. Michael PoppoMr. Christopher PrestonNational Philanthropic Trust - Price FamilyM. Putterman and Co. LLCMr. Damien QuinnMs. Margaret Beal RabitoMr. Lawrence RaffertyMr. Bradley RayMr. Robert S. RederMr. Kevin ReedMr. Sean ReynoldsThe Roach Foundation, Inc.Mr. and Mrs. Bob RobertsonMr. and Mrs. Levi RodgersMr. Christopher RogersMr. James S. R. RoseMr. and Mrs. Kirk RostronMr. and Mrs. Robert RothmanMs. Karen M. RothMr. and Mrs. Anthony RundellaMr. Michael RuppertMr. and Mrs. Kevin RuthMs. Julia RutherfordMr. and Mrs. Michael RyanMr. and Mrs. Christopher SadakaMr. Matt SalemMr. William Sales, Jr.Mr. and Mrs. Paul SantucciMr. and Mrs. Michael SauerMr. Jonathan ScanlonMr. Jonathan SchausMr. and Mrs. Jack SchecterMr. Robert J. SchiffMr. Brian SchillerMr. Scott SchweighauserMr. Michael SelverianMr. Brett SetzerMr. Stuart SharoffMr. Michael J. SharpMr. Justin SheperdMr. and Mrs. Keith ShepherdSidley Austin LLP

Sumeet SinghMr. Paul SingerMs. Diana M. SkerlMr. George W. SkonbergMr. David SloanMr. Gary M. SpectorMr. Kenneth B. SquireMr. David S. SteigmanMr. and Mrs. Bob StrainMr. Robert SummersDr. and Mrs. Gerald SutherlandMr. John SweeneyMr. Dwayne TaylorMr. Thomas TeglerMr. and Mrs. Charles TemelMr. Thomas TenchTiger Woods Foundation, Inc.Time Moving and Storage, Inc.Mr. Christopher TolmanTotal Transportation of MS LLCPhil Tran Public Relations LLC*The Ugly MugUnited States Steel CorporationVanguard Charitable Endowment ProgramMr. William VareikaVenable FoundationMr. and Mrs. Charles M. ViscontiMr. Robert WadsworthMr. and Mrs. David WagnerMr. and Mrs. Christopher WalkerMr. Craig WallingMr. and Mrs. Michael J. WalshWarrant Officer Career CollegeMr. and Mrs. Simon R. WebbThe Weiser Philanthropic FundMr. John WeldeWells Fargo FoundationWheelock Street Capital, LLCJonathan M. Whelan, LLCMr. and Mrs. Robert WillcoxMr. and Mrs. Robert WillensMr. and Mrs. Randall WilliamsMr. Charles WintersMr. Robert WolfWSWA Mr. John R. YannoneMr. Kyle YoungMs. Elizabeth YoungMr. Gary L. ZahakosMr. and Mrs. Mark ZellerMr. Michael ZinnMr. and Mrs. Steven ZodtnerRoy J. Zuckerberg Family Foundation

$500 - $999Mr. and Mrs. Edward AboudiMr. and Mrs. Mark A. AddessiMs. Patricia AlandydyMr. Roger AllenbaughMr. Richard J. AneserMr. Creighton ArmstrongArvest Bank Operations, Inc.Mr. and Mrs. Lynne AshtonMs. Adriana AvakianMr. Michael T. AyrerBackstop Solutions GroupMr. Harry R. Baker

The Bank of America FoundationBank of America Matching GiftsMs. Gwynne BarnesMr. Jonathan S. BarnettMr. Michael BarryMr. Charles BeardSteven B. Beasley and Kathleen S. MinnitiMr. Gerald BeckhamMr. Robert J. BennettMr. Brian BennettMr. John W. Benson, IIIMr. Mark BerlerMr. Richard BernsteinMr. Stephen J. BlaberMr. Larry BordenMr. Michael BowdoinJ.M. Bozeman Enterprises, Inc.Ms. Teresa BozzelliBridgepoint Insurance Group, Inc.Ms. Susan BrophyMr. and Mrs. Francis BrownMs. Erin BrownMr. Matt BruceMr. Thomas A. Bruder, IIIMr. James A. BruderMr. John A. BruderMr. Frank Paul BrunoBryon Cail HealthCentralMs. Charlotte Lyeth BurtonMr. James P. BusterudMr. Bryce ButlerMr. Thomas M. ByrnesMr. Thomas CampbellMr. Timothy CarlsonMr. David CarlsenCasson Imports, LLCCeladon Logistics Services, Inc.Mr. Joe J. CepuloCerretti ConstructionMr. Rick ChernokMr. Terrice C. ChildressNational Philanthropic Trust - Barbara & James Chin Charitable FundMs. Vinessa ChristianClark Construction Group, LLCDr. Lisa Collazzo and Dr. Jack CollazzoMs. Ruth M. CollierMs. Victoria Clark ConigliaroMs. Madeline CoppedeBaltimore Community Foundation - Mr. and Mrs. Paul CorbinMr. Kenneth CorreaMr. and Mrs. David CrossedMr. Stephen CroweMs. Katie CubbaMr. Stephen CucchiarelliMs. Alice CurranMr. Alexander CushingMs. Lauren DaltonMs. Chris D’AmbrosiaMs. Meghan DanaherMr. Martie D’ApiceMs. Cecelia A. DecampLibera L. DeChiaroMr. and Mrs. Brad DeLamielleureMs. Giselle DenteMr. and Mrs. Keith DermanMr. Richard DiMartini

Mr. and Mrs. Anthony DjinisMs. Deborah A. DohertyMr. James DolanMr. Dan DolanDollar Per Month Charitable FoundationMr. Adriel DomenechMs. Carol L. DoranMr. John DugenskeMr. and Mrs. Patrick D.C. DumasMr. Craig DuntonMr. and Mrs. Andrew EighbergMr. Jeffrey S. EmbreeMr. and Mrs. Steven EngelMr. and Mrs. EpsteinGap Foundation Gift Match ProgramMs. Irina FarquharMr. James P. FayMr. Brian FeltzinMr. Joseph A. La Ferla, Jr.Mr. Ronald J. FerrelliMr. Lawrence F. Flick VMr. Michael FoggiaMr. and Mrs. George FogwellMs. Lenore C. FordMs. Diane FrimmelMr. Adam GalaburdaGame TruckMr. Dennis GannonMr. Todd GannonMr. and Mrs. Gregory GastMr. and Mrs. John GeoghanMr. Vince GianniniMr. Robert G. GibsonMs. Piper GioiaMs. Geraldine GlassbrookMr. and Mrs. Robert GlombMr. and Mrs. Arnold GoldbaumGoldman Sachs Matching Gift ProgramMr. Thomas GravinaMr. and Mrs. David GrayRobin L. GreifMr. Louis J. GreifMr. Robert GreinerMs. Genna GriffithMr. Jerome GrossmanMs. Kay GuntherMr. Adam HagforsMr. and Mrs. Robert HagstromMr. David HaireLynn and Martin Halbfinger Charitable FundMr. Andrew HalpernMs. Rebecca HardenMr. and Mrs. Perry HarrisMs. Sharlene HawkesMr. Michael P. HaydenMr. Greg HayesMr. Don HelwigMr. Alan HigginsMs. Beth HollisterMs. Brooke HolmesMr. and Mrs. Mark HolscherHolsten and AssociatesMs. Virginia HowardMr. and Mrs. Joe HoweMr. Jon HuertaMr. Jeff HughesMr. and Mrs. Michael HusseyMr. and Mrs. Paul Ingram

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Invest in the children of American heroes

Mr. and Mrs. Hal JohnsonMr. Neal JungeblutKahuna Payment Solutions LLCMr. Kevin KeadyMr. and Mrs. Theodore KelleherMr. Kevin KellyMr. David KellyMs. Julie Giles KellyKildare Capital, Inc.Mr. David KimKiyoshi KitahamaMs. Laurin Blumenthal KleimanMr. Hersh KozlovMs. Jennifer Lynn KrausMr. Silvio KrvaricMs. Lidija KrvaricMr. and Mrs. Ryan KuehlMorgan LaughlinMs. Esther LawsonMs. Trish LawtonMr. and Mrs. Craig LeidermanMr. Neil LernerMr. Mark Letsos, Jr.Ms. Helen LiaskosThe Honorable Joseph I. Lieberman and Mrs. Hadassah LiebermanMr. Gene LohmeyerMr. Brian LongleyMr. Olle LorehnMs. Indira LoweMr. Paul C. LowerreThe Luminescence Foundation, Inc.Main Line Family CareMr. Douglas MallachMr. and Mrs. Kevin MaltaisMr. Walter Maner, IVMs. Judith MarcusGeorge and Judy Marcus Family FoundationMs. Judith MartinezDr. Thom and Maureen MayerMr. Anthony MazzaMs. Ann McCarthyMr. Daniel McCormickMr. and Mrs. Thomas McFarlaneMr. John J. McGrathMr. Paul McKellipsMr. John McKellipsMr. Charles G. McNallyMaumee Valley YPOMr. and Mrs. Tom MeeksMr. Thomas MehlerDr. Melbourne BoyntonMr. and Mrs. John MerlinoPatricia A. Tracey and Richard L. MetzerMHS Enterprises, LLCMr. Peter MillerMs. Susan MillsMND PartnersMr. Christopher MoneMr. Matthew J. MullenKelly A. MullenMr. Skip MullerMs. Mary Lynore K. MullhollandMs. Patricia MurphyMr. Kevin MurphyMs. Tiffanie NataleNational Quality Review

Mr. Jonathan NemoMr. and Mrs. Steve NietoNOVA Pain and Rehab CenterMr. Paul M. CoadyOakstar BankMr. Francis O’ConnorMr. Kevin O’KeefeChris OlsenMr. and Mrs. Thomas O’MalleyMr. Steve OnofrioMr. Erik OsbergColonel and Mrs. Tofie OwenMr. Christopher PalmieriMr. Andrew P. Panzo, IIMs. Ann PapaMs. Carolyn PasseyMs. Krista PaternostroMs. Luanne PavcoLee PaytonMr. and Mrs. Gregory PondMr. Joel PostMr. Jeff Pribor, General Maritime Corp.Mr. Santiago PujadasStewart J. Rahr FoundationRam Products LTDMr. Glen RauchMr. Bob ReevesMr. and Mrs. Peter ReganMs. Diane ReichMr. Todd ReitReliableMs. Stephanie RichMr. Michael RiellaMs. Susan M RileyMr. Bret RosenthalMr. and Mrs. Jeffrey RotwittMs. Barbara RubinMr. JR RudzkiMr. Dan RyanMr. Dan RyanMr. and Mrs. Mark SagareseSaint Joseph’s CollegeMs. Rosemary J. SantulliMs. Ada SaperMr. David J. SatlerMr. James ScarboroughMs. Marilyn SchapiroMr. and Mrs. Glen ScheirerMr. Karl SchmidtMr. and Mrs. Jeffrey SchoenfeldMr. and Mrs. Eric SchwenkMr. Gib SemmesMr. Mark Robert SerrutoMr. Scott SheltonMr. and Mrs. Frank ShullMr. Andrew SidmanMr. Harry Simmons, Jr.Sky Ranch FoundationMr. Jay SmithSmokin’ Rollin’ BBQMr. and Mrs. Robert SnyderSouthern Maryland Women’s League FoundationMr. Arthur SquillanteMr. and Mrs. Chris SteelyMr. and Mrs. Bill StemperMr. Andrew StoneMr. and Mrs. Ron Sturzenberger

Summit SolutionsMr. Trent SutherlandMr. Robert C. SwansonTapestry Asset Management, LPMr. Philip TartagliaMr. Jeffrey M. TauberMr. Steve TaylorMr. and Mrs. Tom ThornburgMr. Shawn TillMr. Phil TranMr. Samuel VaillMr. and Mrs. Gerard VanderbergMr. Michael VanderveerMr. and Mrs. Paul Vasady-KovacsMr. Joseph VerdeVictory Golf Events LLCMr. and Mrs. Peter WagnerMr. Robert T. WaldbauerMr. Eric WaldronMr. and Mrs. Kevin WaldronMs. Debra WallachWalmartMr. Bryan WattsMr. Everett WeinbergerMr. David WhiteMr. Cal WilsonMr. and Mrs. Jim WiseMs. Barbara G. WolfandWoodlands of Columbia, LLCMr. Brian WurdermannMr. Austin YerksMr. Thomas R. YorkYoung’s Lakeside Tire and WheelMr. and Mrs. Jimmy Young

Donations as of December 31, 2014

*denotes in kind donations or contributed services

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Invest in the children of American heroes

our mission NGS is dedicated to the 51,467 children of our

nation’s fallen and wounded Service members by

delivering scholarships and resources to improve

their quality of life through the pursuit of

higher education.

our visionHonoring the sacrifices of our Service members

by investing in their children’s capacity for

greatness through education

Summit SolutionsMr. Trent SutherlandMr. Robert C. SwansonTapestry Asset Management, LPMr. Philip TartagliaMr. Jeffrey M. TauberMr. Steve TaylorMr. and Mrs. Tom ThornburgMr. Shawn TillMr. Phil TranMr. Samuel VaillMr. and Mrs. Gerard VanderbergMr. Michael VanderveerMr. and Mrs. Paul Vasady-KovacsMr. Joseph VerdeVictory Golf Events LLCMr. and Mrs. Peter WagnerMr. Robert T. WaldbauerMr. Eric WaldronMr. and Mrs. Kevin WaldronMs. Debra WallachWalmartMr. Bryan WattsMr. Everett WeinbergerMr. David WhiteMr. Cal WilsonMr. and Mrs. Jim WiseMs. Barbara G. WolfandWoodlands of Columbia, LLCMr. Brian WurdermannMr. Austin YerksMr. Thomas R. YorkYoung’s Lakeside Tire and WheelMr. and Mrs. Jimmy Young

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fully funded college scholarships for children of fallen and wounded Service members:

donate.

sponsor.

partner.

participate.

Your contribution is crucial to our success. Our ability to relieve the education burden faced by families of fallen and wounded Service members depends on your generosity.

invest in the children of fallen and wounded heroes

Our vision is bold, but the potential for impact is great. Only with your donation can we continue to turn our vision into a reality. There are many ways to sponsor through events or annual giving, and we are always open to your ideas.

make our mission part of your corporate mission

We work with a wide variety of partners, from corporations to local organizations, to bring our mission to life. Support ranges from creating awareness, financial assistance, volunteering, organizing and supporting events, and gifts-in-kind.

lend your strengths and talents to our mission

join us at one of our events

Attend one of our gala, receptions, golf tournaments, athletic events, and other special events across the country and help raise awareness and funds to educate the children of American heroes. We also have a wide variety of volunteer opportunities.

For more information visit: nogreatersacrifice.org Contact us by phone: 202.756.1980 or email: info@nogreatersacrifice.org

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PROGRAM

FUNDRAISING

OPERATIONS

2%

61

over $5 million

100+

committed in post-high school education benefits:

fully funded college scholarships for children of fallen and wounded Service members:

volunteers dedicated to helping achieve our mission:

6%

92%

92% of funds directly to program:

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Upcoming Events

Liberty Award

Sheraton New York Times Square HotelJune 25, 2015 New York, NY

Golf Tournament

Trump National Golf Club July 13, 2015

Washington, DC

Freedom Award

Jones Day Rooftop October 7, 2015 Washington, DC

NGS Endurance

Army Ten Miler October 11, 2015 Marine Corps Marathon October 25, 2015

Washington, DC

For more event information please visit: http://nogreatersacrifice.org/events

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Sources and Model InputsSources

Fallen and combat wounded Service membersMilitary Casualty Information - https://www.dmdc.osd.mil/dcas/pages/casualties.xhtml from May 5, 2015

Percent who have children

Demographics 2013 Profile of the Military Community, Department of Defense - Section 5.07, Page 120http://www.militaryonesource.mil/12038/MOS/Reports/2013-Demographics_Report.pdf

Average number of children

DOD Demographics 2013 Report - Section 5.22, Page 128http://www.militaryonesource.mil/12038/MOS/Reports/2013-Demographics_Report.pdf

Children include minor dependents age 20 or younger or dependents age 22 and younger enrolled as full-time students

Age distribution of children

DOD Demographics report 2013 Section 5.30. Page 132http://www.militaryonesource.mil/12038/MOS/Reports/2013-Demographics_Report.pdf

College tuition

Trends in College Pricing 2014, CollegeBoard Advocacy and Policy Centerhttp://trends.collegeboard.org/sites/default/files/2014-trends-college-pricing-final-web.pdf

Education inflationTrends in College Pricing 2014, CollegeBoard Advocacy and Policy Center

http://trends.collegeboard.org/sites/default/files/2014-trends-college-pricing-final-web.pdf

Likelihood to go to collegeNational Center for Education Statistics - http://nces.ed.gov/fastfacts/display.asp?id=372

College dropout rateNational Center for Education Statistics - http://nces.ed.gov/fastfacts/display.asp?id=372

Post 9/11 GI billVA - http://www.gibill.va.gov/documents/Benefit_Comparison_Charts.pdf

Yellow ribbonVA - http://www.gibill.va.gov/GI_Bill_Info/CH33/YRP/Yellow_ribbon.htm

VA - http://www.gibill.va.gov/documents/factsheets/fry_scholarship.pdf

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Fry scholarshipDepartment of Education - http://www2.ed.gov/programs/fpg/index.html

Disability informationhttp://www.disabled-world.com/news/veterans/va-disability-benefits.php#ixzz151yRHUDT

http://www.military.com/benefits/veteran-benefits/va-compensation-tables#BM04

Model Inputs

Number of children Marriage status of active duty Service members

Percentage of active duty Service members with childrenAverage number of children per active duty Service members

Current age distribution of the children of active duty Service members

Financial and economics Current cost of educationEducation inflation rate

Portfolio / Investment considerationsHistorical investment returnsProjected investment returns

EducationType: Public vs. Private Years of college funded Age cutoff for funding Scholarship eligibility

Post-9/11-GI BillHigh school dropout rate

Likelihood of high school graduate to pursue post-high school education

WarsOperation Iraqi Freedom (OIF)

Operation Enduring Freedom (OEF)Operation New Dawn (OND)

Additional InformationFor our complete analysis and all the calculations included in this report, please download the model

spreadsheet from: nogreatersacrifice.org/about/financial-information

4

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Honor their sacrifice. Support Freedom’s Future. Donate now.

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Donate to Freedom’s FutureChecks made payable to:

No Greater Sacrifice1101 Pennsylvania Ave, NW

6th FloorWashington, DC 20004

Or visit www.nogreatersacrifice.org to learn more.

Honor their sacrifice. Support Freedom’s Future. Donate now.

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www.nogreatersacrifice.org