2012 National President’s Update
Arlington, Virginia — Since my last update Your Spaatz Association and its leaders have been busy!
We are now in our 2012 election cycle and seek to fill six Director seats. Your voice is especially important. I hope that all eligible members will cast a vote. Our leadership team needs to hear your voice and lead with your mandate!
Soon, we will be announcing our 2013 Aerospace Leadership Scholarships. The application period for qualified CAP Cadets closes on 30 September 2012. To date, Your Spaatz Association has awarded $100,000 in scholarships to deserving CAP Cadets. Please encourage to your Cadets to apply – see our website www.spaatz.org.
Last year, we had a record number of applicants and awarded three – $2,500 scholarships. In 2013, we will award these scholarships at our 2013 Annual Dinner and Awards Event in Washington, DC.
In a related development, I am very proud to tell you of a major strategic initiative! Our long-range goal is to raise enough money that, when invested wisely, will produce income to fund future scholarships.
When I first joined the Board as Treasurer, and later as President, I saw these funds were nearly exhausted. This leadership team and those led by my predecessors patiently raised scholarship funds. Our annual dinner event, fund raising appeals, and the support of our members and benefactors steadily grew this reserve.
During his tenure as National President, Brig. Gen. Rich Anderson, CAP nurtured a special relationship that realized us a major bequest. This and your support was an important tipping point. It affirmed our credibility and status. Our scholarship funds have grown exponentially.
At our April teleconference, National Treasurer Bruce Krell (#44) introduced a major financial initiative. The Board of Directors voted to invest in a portfolio of conservative long-term funds. These will provide secure, long-term funding for our Cadet scholarships. We will now be able to fund a portion of our scholarship initiatives for the foreseeable future.
But our work is not yet done.
We now look to celebrate the 70th Anniversary of the CAP Cadet Program. The Cadet Program that means so much to so many. Your support and participation and energy are as important today as at our first Gathering Diamonds in New Orleans many years ago. We have accomplished much together but much, much more can be done for our Cadets.
Thank you for your continued friendship and focused dedication. You’ve made the vision and dreams of our earliest Association a reality! You’ve made the future of your Association more secure!
Stephen Austen, #161
The Spaatz Association