The Oakleaf is jam-packed with great articles written for and by our Supply Community. In this issue we celebrate our 85 well-deserving 2020-21 Scholarship Winners, recognize our 2019 Distinguished Alumni and learn how a Chapter held the first NSCF Virtual Auction in the face of COVID-19. We also follow our favorite story-teller RADM Dan McKinnon’s Travels with Wally, meet the Foundation’s 2019 Volunteers of the Year, and offer a sincere farewell to our own First Lady of Athens, Eileen Sapera. Sit down and relax with the 28-page Summer Issue of The Oakleaf. Click here to read it now!
Lieutenant Junior Grade Regis Francis Xavier Philbin, Supply Corps, United States Navy, was a bona fide Naval Hero... not so much for what he did in uniform but for what he did out of it. Regis Philbin was a loyal and lifelong pillar of the Navy Supply Corps Community, including active duty sailors and students, the retired community, and Navy families. Regis freely and often gave of his time and utilized numerous "platforms" to support the Supply Community--such as meeting with Navy Supply Corps School students, speaking at banquets and birthday balls, headlining important ceremonial anniversaries, and providing videos when he was unable to attend.
A great example of Regis’ support of the Supply Community was when The Navy Memorial in Washington, D.C. chose The Year of Navy Supply as their theme for the year—reinventing the museum space to display the story of our Navy Supply Corps, as told by NAVSUP. In 2010, The Year of Navy Supply exhibit kicked off with an opening reception supported by the Navy Supply Corps Foundation. From April 2010 to March 2011, the museum exhibited a series of stand-up displays and exhibits, developed by NAVSUP, populating the entire space. As an introduction to the exhibit, Regis gladly created a welcome video which was set up in the lobby as visitors first entered the Memorial. Regis’ charming personality and sincere affection for our Navy Supply Community are evident in his thoughtful introductory video below…
Regis never made a really big deal out of his Naval service or his stalwart support of sailors...but he was a really big deal in the Navy Supply Corps Community as proven in the below link, thanking him for his superb contribution to The Navy Supply Corps Year of Supply Exhibit at The Navy Memorial in 2010. The emotion shown here is even more vibrant today than it was then. So as you watch the below short video...think again about his accomplished life, including this part you may not have known, and join us in saying..."THANKS REGIS" !
Regis was recognized as a Distinguished Alumni by the Navy Supply Corps Foundation. Follow the Navy Supply Corps Foundation website at https://www.usnscf.com in the coming days for more tributes and information regarding this Great American.
Additional tributes to Regis Philbin:
The Volunteer Committee: We are excited to introduce a unique opportunity for our most engaged and active chapter members. The Foundation recently established a permanent Volunteer Committee to fill the wide range of service opportunities available on Foundation committees and programs. The Volunteer Committee is open to members of the Foundation (active, reserve, retired and former Supply Corps officers), their spouses and members of the enlisted Supply ratings (those eligible for Foundation scholarships). Committee members will be assigned to a committee or program based on personal interest and Foundation needs. Current volunteer opportunities include serving on the Heritage Committee, Family Aid and Support Team, Budget Committee, and others. Much of the work and communication will be handled virtually, but there may be opportunities for volunteers to attend Foundation board meetings as non-voting members and as needs require. This opportunity will also give volunteers a chance to work closely with board members, developing relationships and mentoring possibilities. If you’re interested or for more information, please email firstname.lastname@example.org .
The Investment Advisory Committee (IAC): The IAC is looking for 2-3 volunteers who are Financial Planners, Wealth Managers, or who work in the Financial Services Industry, to be members of the Investment Advisory Committee (IAC). The IAC is continually looking to improve metrics to gauge performance and asset allocation. The Investment Advisory Committee holds virtual monthly meetings (via conference call) and follows a strict investment discipline guided by the NSCF Investment Policy Statement (IPS). Any Foundation members interested in assisting the IAC should send a resume/CSV to email@example.com .
The Chapter Relations Committee: Do you live in North Carolina or South Carolina? There’s a NEW CHAPTER opportunity! Chapters are created if the population and the interest of Supply officers in a particular area is great enough to support regular engagement. LCDR (ret) Wes Griffin, a Foundation member living in the greater Charlotte area, would like to gauge the interest of our North and South Carolina members to determine if it is feasible to start a Carolinas Chapter to support our Supply Corps families living in the area. Does a local Foundation Chapter interest you? Would you like to learn more about this opportunity? Please reach out directly to Wes for more information at #704-794-5426 or firstname.lastname@example.org .
The Development Committee: Your Navy Supply Corps Foundation continues to provide financial support through scholarships. This year, despite unique financial challenges to the Foundation’s asset base, 85 well-deserving students are receiving scholarships to provide a brighter future for all of us. Please consider helping fulfill the mission of the Foundation today through an online contribution before the end of 2020. There is no better time than 2020 to make your donation to the Foundation since the Coronavirus Aid, Relief and Economic Security (CARES) Act provides revised rules for charitable donations in 2020 only:
- Under the CARES Act, taxpayers who do not itemize their deductions will be able to claim a charitable deduction of up to $300 for cash donations made in 2020.
- For taxpayers who already itemize, in 2020 the deduction available on cash contributions to charitable organizations has been increased from 60% of Adjusted Gross Income (AGI) to 100% of AGI. Taxpayers can carry donations greater than 100% of AGI to future years. Of note: this applies only to cash contributions and not to long-term appreciated assets, which enjoy long-term capital gain tax treatment. The charitable deduction for long-term appreciated assets is still capped at 30% of AGI.
- For corporations, the deductibility of cash contributions has been increased temporarily from 10% to 25% of taxable income.
Please consult your tax advisor regarding details of all provisions of the CARES Act related to charitable contributions. Bottomline: The need has never been greater and the incentives have never been stronger to support one another…please donate what you can today! Visit the Foundation website at: https://www.usnscf.com/Foundation/ Ships_Store/MakeDonation . We are the Navy Supply Corps Foundation, always “Taking Care of Our Own”.
The Navy Supply Corps Foundation provides programs and services to support the Navy Supply Corps Community and promote its heritage and traditions.
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