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Freedom’s Future 2013 & 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

“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 58,456 total fallen and combat wounded Service members across the three primary military operations since September 11, 2001. These numbers are representative of October 31, 2013 when the analysis model was finalized.

The table below illustrates the breakdown of these sobering numbers.

War Fallen Wounded

Operation Enduring Freedom (OEF) 2,282 19,462Operation Iraqi Freedom (OIF) 4,410 31,941Operation New Dawn (OND) 66 295TOTAL 6,758 51,698TOTAL Fallen and Combat Wounded Service Members 58,456

*Military Causality Information database - https://www.dmdc.osd.mil/dcas/pages/casualties.xhtml from Octobmber 31, 2013. 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 51,441. 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 5,947 military children who have lost a parent and 45,494 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

51,441

51,441total estimated 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 $1.65 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) because the Educational inflation went down from 4.2% to 3.2%.

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 war; therefore, the model assumes the war ends October 31, 2013, 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 39,576 children are eligible to pursue a post-high school education in the future.

• Of the 39,576 children, 27,703 (or 70%) 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 Acadamies 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 58,456 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.

$1.65 Billionthe cost of post high school

education of children of fallen and combat wounded Service

members

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Donors Ensuring Freedom’s Future is a Reality

$100,000 - $500,000BlackRock Financial Management, Inc.Mr. James J. Bruder, Jr.Citi VELOCITY e for educationJones DayLazard Capital Markets LLCMr. and Mrs. Robert J. McCannSapient Government ServicesUBS Financial Services, Inc.UBS Employee Giving Programs

$50,000 - $99,999Adfero GroupMr. and Mrs. Phillip BildenThe Boeing CompanyThe John J. Brown FamilyRev. Carey CashMr. John H. DeckerThe Eric D. Hovde & Steven D. Hovde FoundationKCGNewman’s Own Foundation

$25,000 - $49,999Balyasny Asset ManagementBank of New York MellonBressler, Amery, & Ross, PCCQSCredit SuisseDeloitte Services, LPFallon Family Charitable FoundationGoldman, Sachs & Co.J Street CupThe Honorable Ron JohnsonKatten Muchin Rosenman, LLPLincoln Financial GroupMcQuade Family FoundationMr. Greg OutcaltProtégé Partners, LLC - Jeffrey TarrantS3 Partners, LLCThe Scoby Family FoundationSunGard Data Systems, Inc.Teneo Strategy ConsultingMr. Thomas Troy

$10,000 - $24,999Mr. and Mrs. Peter AckermanAmeriprise FinancialApollo ManagementArden Asset Management, LLCThe Thomas Ashton Foundation

Rosemary Bakery & Bob HausenThe Blackstone Charitable FoundationBoathouse Group, Inc.Booz Allen HamiltonBrandes Investment Partners, LPBroadridgeBrown Brothers HarrimanCampbell and Company, Inc.Thomas & Agnes Carvel FoundationJohn V. Cioffi FoundationCiti Business ServicesCommunity Foundation for the National Capital RegionFrank Crystal & CompanyDC Capital Partners, LLCDistrict WineIsrael A. EnglanderFeherty Troops First FoundationMr. and Mrs. Robert FitzpatrickMr. Mark FlahertyThe Gaisman FoundationMr. and Mrs. Daniel GarrisonGE Asset ManagementJohn HancockSusan & Richard Hare Family FoundationHatteras Investment Partners, LLCMr. Wayne HolmanHoneywell International CorporationHowrey, LLPMr. Brian P. HullIBMIntralinksInvescoIonic Capital ManagementJefferies, LLCMr. and Mrs. Tom JoyceJP Morgan Chase & Co.Mr. Kosta KartsotisKohlberg Kravis Roberts and Co.L-3 Communications CorporationMr. and Mrs. Ken LangoneLennar Foundation/ Rialto Capital ManagementLockheed MartinMr. James MacGilvrayMr. Joseph ManningMerrill LynchMetLifeMorgan StanleyNesi Family FoundationMr. Mike NovogratzNYSE GroupMr. Tagar Olson

OppenheimerFundsPacific Club Impact FoundationPES Charitable Lead Annuity TrustPlante & MoranPrice Waterhouse CoopersRochdale SecuritiesMr. and Mrs. Mark SciontiSG Americas SecuritiesSikorsky AirCraft CorporationSkadden, Arps, Slate, Meagher, & Flom, LLPSkyBridge CapitalState StreetJay & Kelly Sugarman FoundationTextronVenture Programs, Inc.Waddell & Reed CompaniesWalker GroupWells FargoWilkie Farr & Gallagher, LLPRobert Willens, LLC Winston Partners Group, LLCWJB Capital Group, Inc.

$5,000 - $9,999Allianz GI DistributorsAlpine Capital ManagementAmerican Royal AssociationAmerican CenturyAvascentBay Crest Partners, LLC2008 Blue Dog Democrats Convention Events Fund, LLCMr. William R. BookerBoston FoundationBrand Matter, LLCNational Financial Services, LLD - James Bruder, Jr. CamelbakMr. James CarmackCarnival Cruise LinesCGI FederalMr. Samuel ChapinCharterCitco Fund ServicesCity of HarrisonCoatue ManagementCommunity Foundation of North FloridaMr. and Mrs. Kevin ConnorDahlman RoseDelaware InvestmentsDeutsche BankMr. and Mrs. Kirk DonaldsonRR Donnelley

DonorsMr. Alan FeldmanFidelity Charitable - Covidien Charitable Gift FundMr. Edward T. Finneran IIIFirst Command Financial ServicesMr. Robert M. FlanaganGeneral Dynamics C4 SystemsGenworth FinancialGetco, LLCMr. and Mrs. Sean GilmartinJeffrey D. HaasMr. Martin HalbfingerMr. James HausmannHewlett-PackardMr. Peter HoffmanHovde Capital Advisors, LLCHSBCIEP EventsING Funds Distributors, Inc.Investment Technology GroupJackson National Life Insurance CompanyThe JCF FoundationMr. Robert KippsMr. Odell LambrozaThe Lehman Charitable Trust, Inc.Mr. Gusta LuciniMacquarie Holdings (USA), Inc.The Madison of Washington, D.C.Mr. and Mrs. Barry MandinachMr. and Mrs. Andrew ManerThe Honorable John McCainMr. David R. McWilliamsMercury Capital AdvisorsMHB FoundationMr. Mike MillsMajor 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 CompanyMs. Gina RicciardiRobeco Investment ManagementRydex Distributors, Inc.SafranMr. Michael SchrageSerendipity MagazineMr. Thomas SkeaMr. Barry J. SmallDr. Shaun Soucie, DDs, MSAmber & William Sweedler Family

FoundationTengram CapitalTouchstone SecuritiesTransAmerica Capital Under ArmourVanguard Charitable Endowment ProgramWachtell, Lipton, Rosen, & KatzWood Motor Company

$1,000 - $4,999Ms. Rena AbeMr. and Mrs. Elliot AckermanMr. and Mrs. John AdelmanMr. and Mrs. Joshua AdlerMr. and Mrs. Manny AlasMr. John AldermanMr. and Mrs. John AlexMr. and Mrs. Chad AllenAllianceBernsteinMr. Patrick AmatoAmeritradeMr. David AndrewsMs. Mona AndrikianApplebrook Associates, LPMr. Reed ArmstrongMr. Keith ArnottAscend Capital, LlcAtlas Roll Off CorporationMr. and Mrs. Chris BagatelosMr. Robert W. BailieS.A. BaliBank of America Matching GiftsMs. Annie BarnesMr. and Mrs. Jamie BaumMr. Richard BennettMr. Mihir BhattacharyaMr. and Mrs. Aniello BiancoMr. and Mrs. Richard BildenMr. David BorgerChancellor and Mrs. Victor BoschiniMr. and Mrs. James BosekBoston Concessions Group of NYMs. Kellie Brady & Mr. Todd CowanMr. Robert J. BradyMr. Douglas BraffBridgewater Associates, Inc.Mr. Joseph P. BrooksBrown AdvisoryMr. Thomas A. Bruder, Jr.Mr. Jeffrey C. Kitzis & Ms. Ellis A. BurrowsMr. Dane Butswinkas & Ms. Megan RuppMr. Richard CacciapagliaMr. Marco CamachoCamelbakMs. Helen CameraMr. Michael CarrMr. William Carroll

Vladimir & Evelyn CartwrightMr. and Mrs. Thomas CavadaMr. Jason ChandlerMr. and Mrs. John CimkoMr. Thomas CoashMr. Daniel C. CochranColonel and Mrs. John CollinsCommunity Foundation of New JerseyMr. Devin CondronMr. Paul ConnollyWarren and Katherine Coopersmith FoundationCRA, Inc.Judge Barbara CurranMr. and Mrs. Richard DachteraMr. Felix B. DavidsonMr. Steven DavidsonMs. Mary Ann DeignanMr. George DennisMr. Peter DeoterisMr. John S. DeRosaMr. and Mrs. John DevaneyMr. Vincent DicamilloMr. and Mrs. Daniel DichterMr. James P. DillonMr. Scott C. DillonMr. John P. DolanMr. Michael DonovanMr. Ted DoreMr. and Mrs. Brian DorstDrinker Biddle & Reath, LLPJames L. Eighberg Foundation Inc.Mr. Jonathan EisenbergMr. and Mrs. Harold ElishMr. Trent ElliottMr. Earl E. EllisMr. and Mrs. Maynard EngelMr. and Mrs. James EnglesMr. Robert C. ErricoMr. and Mr. Stephen FahyFarmer’s National CompanyMs. Leila Fayaz-LarijaniMr. Jason I. FeldmanMr. William FerriFidelity Charitable Gift FundMr. and Mrs. John FitzpatrickFJC - A Foundation of Philanthropic FundsMr. Harold Ford, Jr.Mr. and Mrs. Peter ForlenzaFormula Sports GroupMr. Daniel ForresterFossil Partners, L.P.France-Merrick FoundationMs. Erin FreitagFTSE Americas, Inc.Mr. Daniel FureyMr. and Mrs. Joseph GabrieleMr. J.D. GambleMs. Kelly Leigh Ganz

X XI

DonorsThe GE FoundationMr. Andrew S. GeislerMs. Karyn GeringerMr. James Hugh GibsonMr. and Mrs. Edward GillespieGingery Development GroupGoldman Sachs Matching Gift ProgramGolf Quest of BrookfieldGomez Family Charitable FundMr. David GoodenoughMr. Charles GraceMr. Christopher GrassoMr. Mark A. GrbesaGreat American CateringGreater Washington Commerical Association of RealtorsK.B. GriswoldMr. and Mrs. Madison GroseMr. and Mrs. Marshall HagenMr. Bruce R. HagerMs. Janet HaleMr. and Mrs. Stephen HallMr. and Mrs. Stephen HammermanMs. Ellen R. HarrisMr. Bruce HarrisMs. Renee HaugerudHeart of America Beverage Co.Mr. and Mrs. Brian HehirCarla Piekara Helwig Memorial FundMs. Holly L. HendrixMr. Roy HenrikssonMs. Kelly HerethHCF StrategiesMs. James & Jacquelyn HigginsHire Disability SolutionsMr. and Ms. Gordon HolderMs. Devin HolmesHolsten Family LPMr. Bruce HolzHope for the WarriorsMr. and Mrs. Jason HouserMr. John W. Hovekamp & Ms. Susan J. BlackwellMr. and Mrs. Edwin Howard, Jr.InfoReliance CorporationMr. Philip Inglima & Ms. Elizabeth Weiser Intelliware Systems, Inc.Iron MountainMr. Vernon JacobThe Jacobs Childrens’ Charitable FoundationMr. David JallitsMs. Elizabeth JamisonMr. Andrew JohnmanMs. Kelly JonesMs. Katie WCMr. Jason M. KatzKessal Young & LoganMr. Nicholas J. KellyMr. Thomas L. Kempner Jr. & Ms. Katheryn C. Patterson

Ms. Janice KephartKeyBank National AssociationMr. Daniel J. KilmurrayMr. and Mrs. Andrew KingKing & Spalding LLPMr. Russell KingMr. Kerry D. KirkSatoshi KitahamaMr. Steven KittayMr. James KoltesMr. John LahoudMs. Lorraine LaigholdLake Braddock Secondary SchoolLamb McErlane PCMr. and Mrs. Kevin LambMs. Nicole LangMr. and Mrs. Christopher LangeMr. Mark LarsenMs. Leslie LauerMr. David LeachMs. Marc R. LedermanMr. Kidron LewisMr. and Mrs. Paul LiebezeitMs. Pauline M. LockMr. and Mrs. Andrew LovornThe Lowerre Family Charitable TrustLPL FinancialMs. Kathleen LynchMr. Thomas R. Lynett, Jr.Mr. John A. MacKinnonMr. Andrew M. MaddaloniMr. and Mrs. Martin MaguireMr. Jay MantzMr. Anthony J. Marano, Jr.MarshMr. Alfred F. MarsicanoMr. and Mrs. Edward MarxMr. Timothy MatthewsMr. David G. McCarthyMr. and Mrs. Edward McClellanMr. Timothy McCormackMs. Gwendolyn McCormickMr. BR McConnonMr. Mark McCooeyMr. and Mrs. Michael McDermottMr. Sean F. McFaddenMr. Edward T. McMahonMr. and Mrs. Brian McNeillMedImmune, LLCMr. Matthew MejiaMr. Keith MerickaMr. Clay MillerMr. Dave MillerMr. J. Douglas Newman & Ms. Maura K. MilliganMs. Barbara E. MoffattMorgan, Lewis, & Bockius, LLPMorley CompaniesMr. and Mrs. Gregory Mowrer

Mr. Robert MulhollandMs. Julie MyersMr. David NankMr. Keith H. NashNational Philanthropic TrustThe National Capital FijisNBC UniversalMr. and Mrs. Thomas NerneyNightclub 930A.B. & 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 OstergaardPartners 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. and Mrs. Gerard PlunkettMs. Paula PolitoMr. Michael PoppoMr. Christopher J. PrestonMr. Putterman & Co. LLCMr. Damien QuinnMs. Margaret Beal & Mr. Russell RabitoMr. Lawrence RaffertyMr. Robert S. RederMr. Kevin J. ReedMr. Sean ReynoldsThe Roach Foundation, Inc.Mr. and Mrs. Bob RobertsonThe Rodgers FamilyMr. Christopher RogersMr. James S. R. RoseMr. and Mrs. Robert RothmanMr. and Mrs. Anthony RundellaMr. Michael RuppertRuth Family Charitable FundMr. and Mrs. Kevin RuthMr. Mike RyanMr. and Mrs. Christopher SadakaMr. Matt SalemMr. Paul SantucciMr. and Mrs. Michael SauerMr. Jonathan ScanlonMr. Jonathan SchausMr. and Mrs. Jack SchecterMr. Brian Schiller & Ms. Danica JacarusoSchwab Charitable Fund - Capital Formation CompaniesMr. Scott Schweighauser

DonorsMr. Michael J. SelverianMr. Stuart SharoffMr. Michael J. SharpMr. Justin SheperdMr. and Mrs. Keith ShepherdSidney Austin, LLPSumeet SignhMr. Paul SingerMs. Diana M. SkerlMr. George W. SkonbergMr. William Sales, Jr.Mr. David SloanMr. Gary M. SpectorMr. David S. SteigmanColonel Bob and Mrs. StrainMr. Robert SummersColonel David & Bonnie SutherlandDr. Gerald & Nora Sutherland Mr. John SweeneyMr. Dwayne TaylorMr. Thomas M. TeglerMr. and Mrs. Charles TemelMr. Thomas TenchTiger Woods Foundation Inc.Time Moving & Storage Inc.Mr. Christopher TolmanMr. Phil TranThe Ugly MugUnited States Steel CorporationMr. William VareikaVenable FoundationMr. and Mrs. Charles ViscontiMr. Robert WadsworthMr. and Mrs. David WagnerMr. and Mrs. Christopher WalkerMr. Craig WallingMr. and Mrs. Michael WalshWarrant Officer Career CollegeMr. and Mrs. Simon WebbThe Weiser Philanthropic FundMr. John J. WeldeWheelock Street Capital, LLCJonathan M. Whelan, LLCMr. and Mrs. Robert WillcoxMr. and Mrs. Robert WillensMr. and Mrs. Randall WilliamsMr. Charles WintersMyles Wittenstein Charitable FoundationMr. Robert WolfCourse Director, WOSSCMr. John R. YannoneMs. Elizabeth YoungMr. Kyle YoungMr. Gary ZahakosMr. and Mrs. Mark ZellerMr. and Mrs. Steven ZodtnerRoy J. Zuckerberg Family Foundation

$500 - $999 Mr. and Mrs. Edward AboudiMr. and Mrs. Joshua AdlerMr. Roger AllenbaughMr. Richard J. AneserMr. Creighton ArmstrongArvest Bank Operations, Inc.Mr. and Mrs. Bernard AscherMr. and Mrs. Lynne AshtonMs. Adriana AvakianMr. Michael T. AyrerBackstop Solutions GroupMr. Gregory BaecherBaltimore Community Foundation - Mr. and Mrs. Paul CorbinMs. Kelly Leigh GanzMs. Gwynne BarnesMr. Jonathan S. BarnettMr. Michael K. BarryMr. Charles BeardMr. Gerald W. BeckhamMr. Brian BennettMr. Robert J. BennettMr. John W. Benson, IIIMr. Mark BerlerMr. Richard BernsteinMr. Larry BordenMr. Michael BowdoinMr. Melbourne BoyntonBridgepoint Insurance Group, Inc.Mr. and Mrs. Shaun BroderickMs. Susan BrophyMs. Francis BrownMs. Erin BrownMr. Matt BruceMr. Thomas A. Bruder IIIMr. James A. BruderMr. John A. BruderMr. Frank Paul BrunoByron Cail HealthCentralMr. and Mrs. Jonathan BurkanMr. Bryce ButlerMr. Thomas M. ByrnesMr. Thomas CampbellMr. David CarlsenMr. Timothy CarlsonMr. and Mrs. Mark CarverCasson Imports, LLCMr. Joe J. CepuloCerretti ConstructionMr. Rick ChernokMr. Terrice C. ChildressMs. Vinessa ChristianClark Construction Group, LLCMr. Paul M. CoadyMr. and Mrs. Daniel CoashDrs. Lisa and Jack Collazzo, M.D.Mr. Ruth M. Collier

Mr. and Mrs. William ContiMr. Stephen CroweMs. Alice CurranMr. Alexander CushingMr. and Mrs. Richard DachteraMs. Lauren DaltonMr. Chris DambrosiaMs. Meghan DanaherMr. Philip DanishefskyMr. Martie D’ApiceMs. Cecelia A. DecampLibera L. DeChiaroMr. and Mrs. Brad DeLamielleureMr. and Mrs. Keith DermanMr. James P. DillonMr. Richard DiMartiniMr. and Mrs. Anthony DjinisMs. Deborah A. DohertyMr. James DolanMr. Dan DolanDollar Per Month Charitable FoundationMs. Carol L. DoranMr. John DugenskeMr. Patrick D.C. DumasMr. and Mrs. Andrew EichbergMr. and Mrs. Steven EngelMr. and Mrs. Scott EpsteinFarm Credit ServicesFarm Credit Services (FCS)Ms. Irina FarquharMr. Stephen FahyMr. James P. FayMr. Brian FeltzinMr. Ronald J. FerrelliMr. Lawrence F. Flick, VMr. Michael FoggiaMr. and Mrs. George FogwellLenore C. FordMs. Diane FrimmelMr. Adam GalaburdaMr. Dennis GannonMr. Todd M. GannonGap Foundation Gift Match ProgramMr. and Mrs. Gregory GastMr. and Mrs. John GeoghanMr. Vince GianniniMr. Robert G. GibsonMs. Amy C. GilbertMr. Paul GilmanMs. Piper GioiaMs. Geraldine GlassbrookMr. and Mrs. Robert GlombMr. Thomas J. GravinaMr. and Mrs. David GrayRobin L. GreifMr. Louis J. GreifMr. Robert GreinerMs. Genna GriffithMr. Jerome Grossman

XII XIII

DonorsMr. Louise F. GundersonMr. and Mrs. Robert HagstromMr. and Mrs. Peter HallMr. and Mrs. Stephen HallMr. and Mrs. Perry HarrisMr. and Mrs. Michael HaskellMs. Sharlene HawkesMr. Edmund HawleyMr. Michael P. HaydenMr. Greg HayesMr. Don HelwigMs. Beth HollisterMs. Brooke HolmesMr. and Mrs. Mark HolscherHolsten & AssociatesMr. and Mrs. Joe HoweMr. Jon HuertaMr. Jeff HughesMr. and Mrs. Michael HusseyMr. and Mrs. Paul IngramMr. and Mrs. Hal JohnsonMr. Kevin KeadyMr. and Mrs. Theodore KelleherMr. Kevin KellyMs. Julie Giles KellyShahab KhanKildare Capital, Inc.Mr. Daniel J. KilmurrayMr. David KimKiyoshi KitahamaMs. Laurin Blumenthal KleimanMs. Hersh KozlovMs. Lidija Krvaric Mr. and Mrs. Ryan KuehlMr. Joseph A. La Ferla, Jr. Kahuna Payment Solutions LLCMr. Christopher LangeMs. Morgan LaughlinMs. Esther LawsonMs. Trish LawtonMs. Georgette LeBlancMr. Neil LernerMr. Paul M. LewisThe Honorable Joseph I. Lieberman & Mrs. Hadassah LiebermanMr. Gene LohmeyerMr. John LucianoMain Line Family CareMr. Douglas MallachMr. and Mrs. Kevin MaltaisMs. Judith MarcusGeorge & Judy Marcus Family FoundationMathis Pfohl FoundationMs. Ann McCarthyMr. Daniel C. McCormickMr. and Mrs. Thomas McFarlaneMr. Thoams J. McGivernMr. John J. McGrathMr. and Mrs. Paul McKellips

Mr. John McKellipsMr. Charles G. McNallySarah McNeely-Maumee Valley YpoMr. and Mrs. Tom MeeksMr. Thomas MehlerMs. Patricia A. Tracey & Mr. Richard L. MetzerMHS Enterprises, LLCMr. Peter MillerMs. Susan MillsColonel Henry and Joyce Moak, Jr.MND PartnersMr. Christoper MoneMr. Matthew J. MullenMs. Kelly A. MullenMr. Alfred S. Muller IIIMs. Mary Lynore K. MullhollandMr. Gregory J. MulliganMs. Patricia MurphyMr. Kevin P. MurphyMs. Tiffany NataleNational Quality ReviewThe Naval War College Foundation, Inc.Mr. Jonathan NemoMr. and Mrs. Steve NietoNOVA Pain & Rehab CenterMr. Francis O’ConnorMr. Kevin S. O’KeefeMr. Chris OlsenMr. and Mrs. Thomas O’MalleyMr. Steve OnofrioMr. Erik OsbergColonel Tofie and Margaret OwenMr. and Mrs. David PalmerMr. Andrew P. Panzo, IIMs. Ann PapaMs. Carolyn PasseyMs. Krista PaternostroMs. Sharon PaulMr. and Mrs. Gregory PondMr. Jeff Pribor, General Maritime Corp.Mr. Santiago PujadasStewart J. Rahr FoundationRam Products LTDMr. and Mrs. Bradley RayMr. Bob ReevesMs. Diane ReichMr. Todd ReitReliableMs. Stephanie RichMr. Michael RiellaMr. and Mrs. Robert RileyMr. James S. R. RoseMr. Bret RosenthalMr. Kirk RostronMs. Karen M. RothMr. and Mrs. Jeffrey RotwittMs. Barbara RubinMr. JR Rudzki

Mr. Dan RyanMr. Dan RyanSaint Joseph’s CollegeMs. Rosemary J. SantulliMr. David J. SatlerMr. James J. ScarboroughMr. and Mrs. Glen ScheirerMr. and Mrs. Robert SchiffMr. Karl SchmidtMr. Jeffrey SchoenfeldMr. and Mrs. Eric SchwenkMr. Gib SemmesMr. Scott E. SheltonMr. and Mrs. Frank ShullMr. Andrew Sidman Ms. Diana M. SkerlSky Ranch FoundationMr. Jay SmithSmokin’ Rollin’ BbqMr. and Mrs. Robert SnyderSouthern Maryland Women’s League Foun-dationMr. and Mrs. Chris SteelyMr. and Mrs. Bill StemperMr. and Mrs. Ron SturzenbergerSummit SolutionsMr. Trent SutherlandTapestry Asset Management, LPMr. Paul TashimaMr. Jeffrey M. TauberMr. Steve TaylorMr. and Mrs. Tom ThornburgMr. Shawn TillMr. Samuel VaillMr. and Mrs. Gerard VanderbergMr. Michael VanderveerVictory Golf Events LLCMr. and Mrs. Peter WagnerMr. and Mrs. Robert WaldbauerMr. and Mrs. Kevin WaldronWalmartMr. Bryan WattsMr. David WhiteMr. Cal WilsonMr. and Mrs. Jim WiseMr. Brian WurdemannMr. Thomas R. YorkYoung’s Lakeside Tire & WheelMr. and Mrs. Jimmy YoungMr. Michael Zinn

Partners Ensuring Freedom’s Future is a RealityAll contributions are crucial to the success of NGS. A variety of partners and volunteers help to bring our mission to life through their various efforts of support. NGS has over 100 volunteers dedicated to helping achieve goals and has received over $615,000 in contributed services. Key partners include:

Sapient Government ServicesSapient Government Services provides consulting, technology, and marketing services to a wide array of government agencies.

AdferoAdfero Group is a strategic communications firm that integrates sophisticated digital strategies with traditional communications tactics to advance our clients’ public affairs or business agendas.

Jones DayJones Day offers a full suit of integrated legal services.

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Vettes for WarriorsVettes for Warriors honors the sacrifices of our country’s fallen and wounded warriors and their families through donations of financial support.

Citi’s Foreign ExchangeIn 2013, No Greater Sacrifice was one of six education–focused organizations selected to partner with Citi’s Foreign Exhange (CitiFX) business in their e for Education initiative. CitiFX donated $1 for every $1 million of notional volume traded on Citi Velocity, Citi’s award winning electronic trading platform. Citi e for Education initiative raised over $500,00 for No Greater Sacrifice! Thank you to Citi for choosing to make an incredible difference.

XIV XV

What We DoNo Greater Sacrifice (NGS) is dedicated to the cildren of our nationa’s fallen and wounded Service members by delivering scholarships and resources to improve their quality of life through the pursuit of high education.

NGS scholars receive funds to cover in-state college tuition, room, board and book stipend, and educational mentorship and support.

NGS has committed over $4million in post-high school education benefits.

“The No Greater Sacrifice Foundation has given me the ability to focus completely on my education at Arizona State. Not only has this reduced stress in my personal life, but this has substantially reduced the financial burden for my parents who continue to serve our country. Thank you NGS.”

– Tim “T.J” Stacy Jr., son of Jen and Staff Sergeant Roland Paquette III – US Army

“Words cannot express my deep gratitude for your generous support of military families. In a single moment, you have provided relief from what has been at times a difficult journey. I thank you for going above and beyond in order to ensure a future for military children. It proves that there are Americans who still care. You care about the children who live lives that few could understand and are often unsung heroes during times of war. Thank you for your compassion, service, and for the vision that No Greater Sacrifice possesses.”

– Jaquel Barnes, daughter of Jacquelyn and Command Sergeant Major Louis Barnes – US Army

“My family is so thankful to NGS for all you have done for our family and other military families too.” – April and Techinical Sergeant Tom Marcum – US Air Force, Parents of Jared and Gabriel Marcum

“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 more.”

– Amanda Beardi, daughter of Becky and Major David Beardi – US Army Reserve

“What means so much to us is the feeling behind the scholarship, the respect and honor that your organization is showing to our family, in honoring my husband’s service. I feel the appreciation in your voice when I talk to you, and I means so much to me. Thank you for making one little girl’s dream come true. What a blessing beyond words.”

– Tiffany Davis and First Sergeant Michael Davis – US Marine Corps, Parents of Hannah Davis

“Thank you for all you do. We are blessed to be part of this amazing organization.” – Carrie and Sergeant Legrand Strickland – US Army, Parents of Noah and Nathan Strickland

Our Impact 61 CHILDREN FULLY

FUNDED

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Join Us at Our 2014 Events

Golf TournamentNGS Golf Digest Congressional Shoot Out Trump National Golf Club, Washington DC June 23, 2014

Freedom Award2014 Freedom Award Family Day Freedom Award Honoree: General James Mattis, USMC (ret.) and Sapient President Lincoln’s Cottage at the Soldiers’ Home September 13, 2014 Washington, DC

Golf TournamentNGS Summer Golf Classic Pleasant Valley Golf Course Chantilly, Virginia 10:00 AM September 29, 2014

Liberty Award 2014 Liberty Award Red, Fight, & Blue Boxing Match NYPD vs. NYFD Sheraton Times Square, New York, NY 6:00 PM reception 7:00 PM dinner and fight November 20, 2014

NGS EnduranceArmy Ten Miler Washington, DC October 12, 2014

Marine Corp Marathon Washington, DC October 12, 2014

Freedom Award

2008Colonel David W. Sutherland, Commander, 3rd Heavy Brigade Combat Team “Greywolf”, 1st Calvary Division of the US Army

2009General David H. Petraeus, Commander, US Central Command

2010General James T. Conway, 34th Commandant of the US Marine Corps

2011General Raymond T. Odierno, Commander, United States Joint Forces CommandSergeant First Class Joseph R. Kapacziewski, Platoon Sergeant, C Co, 3/75, US Army

2013

Sergeant Major Carlton Kent, US Marine Corps (Retired)

2014General James Mattis, US Marine Corps (Retired)

Liberty Award

2010Lt. Gen. John F Mulholland, Jr., Commanding General, US Army Special Operations CommandLaurence Fink, Chairman & CEO of Blackrock

2011Admiral Eric T. Olson, Retired, Former Commander, US Special Operations Command

2013

SGT Legrand Strickland, US ArmyTrish Lawton, Gold Star WifeJohn H. Decker, Managing Director, UBSVictor J. Boschini, Chancellor, Texas Christian University

Freedom & Liberty Award Honorees

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Consolidated Statement of Activities for the Year Ending December 31, 2013

Unrestricted Restricted Total

Revenue and SupportGrants and contributions $ 1,352,234 $ — $ 1,352,234Special events 527,340 — 527,340Investment income 355,113 — 355,113Net assets released from restrictions 5,000 (5,000) —

Total revenue and support 2,239,687 (5,000) 2,234,687

Expenses

Program services:Scholarship progam

$ 803,051 — $ 803,051

Total program services $ 803,051 — $ 803,051

Supporting services:Management and generalDirect benefit to donorFundraising

185,71692,39744,620

———

185,71692,39744,620

Total supporting services 322,733 — 322,733

Total expenses 1,125,784 — 1,125,784

Change in Net Assets 1,113,903 (5,000) 1,108,903

Net Assets, beginning of year 1,187,995 93,660 1,281,655

Net Assets, end of year $ 2,301,898 $ 88,660 $ 2,390,558

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Sources, Additional Model Inputs and Information

SourcesFallen and combat wounded Service members• Military Casualty Information - https://www.dmdc.osd.mil/dcas/pages/casualties.xhtml from October 31, 2013 Percent who have children• Demographics 2011 Profile of the Military Community, Department of Defense - Section 5.07, Page 118• http://www.militaryonesource.mil/12038/MOS/Reports/2011_Demographics_Report.pdf Average number of children• DOD Demographics 2011 Report - Section 5.21, Page 126• http://www.militaryonesource.mil/12038/MOS/Reports/2011_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 2011 Section 5.29. Page 130• http://www.militaryonesource.mil/12038/MOS/Reports/2011_Demographics_Report.pdf College tuition• Trends in College Pricing 2013, CollegeBoard Advocacy and Policy Center• http://trends.collegeboard.org/sites/default/files/college-pricing-2013-full-report.pdf

Education inflation• Trends in College Pricing 2013, CollegeBoard Advocacy and Policy Center• http://trends.collegeboard.org/sites/default/files/college-pricing-2013-full-report.pdf

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

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

Post 9/11 GI bill• VA - http://www.gibill.va.gov/documents/Benefit_Comparison_Charts.pdf Yellow ribbon• VA - http://www.gibill.va.gov/GI_Bill_Info/CH33/YRP/Yellow_ribbon.htm• VA - http://www.gibill.va.gov/documents/factsheets/fry_scholarship.pdfFry scholarship• Department of Education - http://www2.ed.gov/programs/fpg/index.html

Disability information• http://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 children• Average 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 education• Education inflation rate• Portfolio / Investment considerations• Historical investment returns• Projected investment returns

Education• Type: Public vs. Private • Years of college funded • Age cutoff for funding • Scholarship eligibility • Post-9/11-GI Bill• High school dropout rate• Likelihood of high school graduate to pursue post-high school education

Wars• Operation Iraqi Freedom (OIF)• Operation Enduring Freedom (OEF)• Operation New Dawn (OND)

Additional Information• For our complete analysis and all the calculations included in this report, please download the model spreadsheet

from: www.nogreatersacrifice.org/freedomsfuture

XXII XXIII

Honor their sacrifice. Support Freedom’s Future.

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5,821 children of Service

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5,497children of

Service members who will not see their parent

again

XXIV

Our VisionHonoring the sacrifices of our Service

members by investing in their children’s capacity for greatness through education.

Mission

NGS is dedicated to the 51,441 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.

www.nogreatersacrifice.org

© 2012 No Greater Sacrifice