The new development, or fundraising, organization was then separately incorporated as the United States Naval Academy Foundation, Inc. with its own board of directors. Get the fundraising organizations under one roof for clarity. In the next few years, I see the Alumni Association and the Foundation working hand in glove to support the Academy with their unique capabilities. While the Association's focus will be more friendraising than the Foundation's fundraising, these two organizations will complement each other and ensure their respective objectives are met. Some have questioned the need for private dollars at a federal service academy.
Federal funds continue to support the core requirements that lead to graduation and commissioning.
Having said that, the Navy Department supports the Academy better than ever before. There are also some things of tremendous future value that the government is simply ill equipped to handle such as ethics research and outreach, returning retired senior officers to the classroom, and providing state of the art athletic facilities and programs. The list of programs conducted at Alumni Hall is staggering, including Forrestal lectures, performing arts, Board of Visitors meetings, alumni reunions, dinners and sporting events. Six Endowed Faculty Chairs . These bring world-class professors into the classroom to teach midshipmen, continuing the Academy's tradition of being one of the top academic schools in the country.