Arlington National Cemetery
USS Thresher Commemorative Monument Fundraising
Help us meet our $85,000 goal by November 5th, 2018, two days before our next ANC Subcommittee meeting that will deliberate, and vote on our proposal. You can choose to contribute to the memorial fund via direct check donation or use our on-line fundraising site http://threshermemorial.flipcause.com.
Your tax-deductable donations will cover the costs of the monument design, construction, transport, foundation stone & installation, perpetual care, incorporation and 501(c)(3) filing fees, mailings and presentation documentation. The IRS approved our 501(c)(3) form 1023 and granted us Tax Exempt Status on June 27, 2018, retroactive to March 7, 2018. Our EIN is 82-4860038.
If using the direct check method in order to avoid the Flipcause 4.95% on-line processing fees, please make your check out to:
"USS Thresher ANC Memorial Foundation"
Mail your check to:
USS Thresher ANC Memorial Foundation
c/o Kevin Galeaz
1465 Hooksett Rd. Unit #239
Hooksett, NH 03106
Why are additional funds requested?
We attended a meeting at ANC on September 6th where we received numerous questions regarding the amount of money needed to cover monument replacement in 100 plus years. Utilizing the Federal Governments CPI Inflation history calculator, $1 spent in 1918 has the same buying power as $18 in 2018. Rounding our monument costs including installation and foundation stone to $5000, we would need $90,000 in 2118 to replace the monument. We also have to cover the annual NH Charitable Trust fees, and down the road, annual Attorney trust management fees.
Our goal, and ANC's requirement for approval, is to ensure that this monument never becomes a burden to the tax payers. We need to ensure that after monument replacement in 100 years, there would be enough principle left over to cover periodic monument replacements in perpetuity including covering the costs of the annual trust fund fees.
On behalf of the Board of Directors, a sincere thank you for helping us move closer towards our goal of realizing a National Commemorative Monument to the 129 men lost aboard USS Thresher, and their SUBSAFE legacy.
Kevin M. Galeaz
President, USS Thresher Arlington National Cemetery Memorial Foundation
© 2018 USS Thresher Arlington National Cemetery Memorial Foundation. All Rights Reserved