DAEDALIAN FOUNDATIONDAEDALIAN FOUNDATIONANNUAL MEETINGANNUAL MEETING

CHAIRMAN MAJOR GENERAL CHAIRMAN MAJOR GENERAL

D. BRUCE SMITHD. BRUCE SMITH

MISSIONMISSION This Foundation, affiliated with and sponsored by

the Order of Daedalians, Inc., promotes citizenship, education, and charity. The Foundation has been organized and incorporated for the promotion and encouragement of safety in flight through charitable and educational means. The Foundation’s goal is to perpetuate the spirit of patriotism, the love of country, and the high ideals of the self-sacrifice exemplified by the American pilots of World War I in whose honor the Order of Daedalians was founded. The Foundation shall be operated exclusively for said purpose and not for profit. No part of the capital or earnings of the Daedalian Foundation shall inure to the benefit of any member of the Order of Daedalians or any other individual except as may be necessary in carrying out the objectives and purposes of the Foundation as stated in its charter. No part of its activities shall be employed to carry on propaganda or otherwise attempt to influence legislation or to intervene in any political campaign.

WHAT WE DO!WHAT WE DO!

Scholarship Programs

Cadet Flight Indoctrination

Programs Award Programs

JROTC

DAEDALIAN FOUNDATIONDAEDALIAN FOUNDATIONSCHOLARSHIPS – CY 2012SCHOLARSHIPS – CY 2012

AWARDS AWARDS # BUDGET FUNDED % # BUDGET FUNDED %

Egan Mentoring Egan Mentoring 5 5 $27,000 $27,000 $27,000 $27,000 100 100

CAP GrantsCAP Grants 5 5 8,000 8,000 4,200 4,200 100*100*

MatchingMatching 65 65 67,871 67,871 64,334 64,334 95 95

Jr. ROTC Medals Jr. ROTC Medals - - 7,700 7,700 7,073 7,073 92 92

ROTC/Getchell ROTC/Getchell 13 13 38,000 38,000 26,000 26,000 68 68

Descendants Descendants 5 5 6,000 6,000 10,000 10,000 167167

Spencer Spencer 9 - 9 - 6,750 6,750 - -

Symposium Symposium - - 0 0 5,411 5,411 - -

CFIP-Hill/Leavoy CFIP-Hill/Leavoy 15 15 19,000 19,000 16,960 16,960 89 89

OtherOther - - 6,000 6,000 - -

Totals Totals 117 117 $179,571 $179,571 $162,317 $162,317 90 90

Compare: CY11 110 $167,650 $153,223 91

DAEDALIAN FOUNDATIONDAEDALIAN FOUNDATIONFlight Matching ScholarshipsFlight Matching Scholarships

• Foundation matches up to $2,000/Flt./CY.

• Recipient must have desire and potential to become a military pilot.

• Recipient may be either a college student or HS senior, accepted by a university.

CADET FLIGHT INDOCTRINATION CADET FLIGHT INDOCTRINATION PROGRAMPROGRAM

Four way partnership of Daedalian Foundation, Daedalian flight, selected candidates and an FAA-certified flight training facility to provide

motivational flight training up to solo phase Five Phases

– Preparation– Cadet selection– Ground school– Flight camp– Wrap up

Eagle Wing donations support CFIP too!Eagle Wing donations support CFIP too!

Les Leavoy CFIP $ 6,500Tex Hill CFIP $15,000

Flt 1 Founders

Flt 2 Stinsons

Flt 8 Kitty Hawk

Flt 9 Frank P. Lahm

Flt 13 San Diego

Flt 16 LeMay

Flt 23 DFW

Flt 30 Arnold

Flt 38 Longhorn

Flt 53 Granite State

Flt 61 Seagull

Flt 103 Ft Hood

PARTICIPATING FLIGHTSPARTICIPATING FLIGHTS 2000-20122000-2012

PARTICIPATING FLIGHTS PARTICIPATING FLIGHTS 20132013

Flt 1 Founders

Flt 2 Stinsons

Flt 8 Kitty Hawk

Flt 13 San Diego

Flt 16 LeMay

Flt 23 DFW

Flt 30 Hap Arnold

Flt 38 Longhorn

Flt 61 Bud Day

Flt 103 Ft Hood

TRAINING COSTS TRAINING COSTS PER CADETPER CADET

20072007

20082008

20092009

20102010

20112011

20122012

20132013

- $- $17361736

- $2250- $2250

- $2235- $2235

- $2159- $2159

- $1713- $1713

- $2244- $2244

- $2300 (Estimate)- $2300 (Estimate)

166 SOLOED CADETS 166 SOLOED CADETS

20012001

20022002

20032003

20042004

20052005

20062006

- 5

- 5

- 7

- 7

- 14

- 16

20072007

20082008

20092009

20102010

20112011

20122012

20132013

- 19

- 23

- 21

- 17

- 17

- 15

23 In Training

JROTC AWARDS FOR 2012JROTC AWARDS FOR 2012

$7500 spent on this program

72 Daedalian flights participated

1173 medals sent to participating flights for their local high schools

Includes 15 DoD overseas high schools

EDUCATIONAL AWARDSEDUCATIONAL AWARDS

LIEUTENANT GENERALS MILLARD F. & HUBERT R. HARMON: Presented annually to the USAF Academy Outstanding CadetPresented annually to the USAF Academy Outstanding Cadet

GENERAL MUIR S. FAIRCHILD EDUCATIONAL ACHIEVEMENT:Selected annually by the Air University Commander for the most significant contributionSelected annually by the Air University Commander for the most significant contribution

ORVILLE WRIGHT ACHIEVEMENT: Presented to the outstanding pilot graduates of the pilot training schools of the USAF, Presented to the outstanding pilot graduates of the pilot training schools of the USAF,

USN and USA.USN and USA.

DAEDALIAN JROTC ACHIEVEMENT: Presented annually to outstanding high school cadets at participating schools. Presented annually to outstanding high school cadets at participating schools.

EAGLE WING DONATION CHANGESEAGLE WING DONATION CHANGES A four (4) member committee was tasked to recommend A four (4) member committee was tasked to recommend

ways that Eagle Wing donations could be enhanced to ways that Eagle Wing donations could be enhanced to encourage more and possibly higher donation levels. encourage more and possibly higher donation levels.

Purpose being to counter the rising cost of college tuitions and CFIPPurpose being to counter the rising cost of college tuitions and CFIP

Foundation passed and Order concurred with revisions at July meetingFoundation passed and Order concurred with revisions at July meeting

The new Eagle Wing donation Titles and Donation levels are belowThe new Eagle Wing donation Titles and Donation levels are below The only change made was to raise “Wing CO Exemplar” level to $2000The only change made was to raise “Wing CO Exemplar” level to $2000 Those now at that level are “Grandfathered” (~ 90)Those now at that level are “Grandfathered” (~ 90)

At the “Pilot” level the Eagle Wing Lapel Pin is awardedAt the “Pilot” level the Eagle Wing Lapel Pin is awarded

Requires one time entry donation of $100+Requires one time entry donation of $100+ Once at the Pilot level any amount of donation will Once at the Pilot level any amount of donation will

count toward the next higher levelcount toward the next higher level..

Eagle Wing Level Donation $Pilot $100 Element Leader $250 Flight Leader $500 Squadron Commander $750 Wing Commander $1,000 Wing Commander Exemplar $2,000

ADDED EAGLE WING DONATION LEVELSADDED EAGLE WING DONATION LEVELSEAGLE WING "ACES" EAGLE WING "ACES"

Eagle Wing Aces Level Eagle Wing "Ace" $5,000Eagle Wing "Double Ace" $10,000Eagle Wing "Triple Ace" $15,000Eagle Wing "Ace of Aces" $20,000

All Eagle Wing levels will be based on historical donation data once past the initial $100 Pilot Level.

Any donor who reaches or exceeds the $10,000 level will receive a trophy

This trophy is of a Soaring Eagle as shown at the right

The dollar donation levels for the new “ACE” levels are as shown.

At the first Aces level, the Eagle Wing lapel Aces pin will be awarded. It will be small set of wings (1¼”) as shown here.

“ “EAGLE WING ACESEAGLE WING ACES””

COL ROBERT H CAMPBELL, USAF (RET)

BRIG GEN KENNETH F KELLER, USAF (RET)

COL JAMES W. KELLOGG, USAF (RET)

COL ANTHONY G "Bud" KENDRICK, USAF (RET)

COL CLAIR W POTTER, USAF (RET)

LT GEN RAY B SITTON, USAF (RET)

COL DONALD W SPEAREL, USAF (RET)

DONATIONSDONATIONS

2009 2010 2011 2012 2013*2009 2010 2011 2012 2013*$126,693 $149,097 $168,037 $126,987 $24,939

* 2013* - ARE FUNDS COLLECTED PRIOR TO THE ANNUAL DONATION CAMPAIGN

TREASURER REPORTTREASURER REPORT• Net Assets

Foundation $ 1,714,556 $ 1,714,556 Egan ScholarshipEgan Scholarship $ 1,642,529 $ 1,642,529 Tex Hill ScholarshipTex Hill Scholarship $ 115,500 $ 115,500 LeavoyLeavoy $ 57,677 $ 57,677 SpencerSpencer $ 28,404 $ 28,404 NissenNissen $ 58,151 $ 58,151

$ 3,616,817 $ 3,616,817 • IncomeIncome

DonationsDonations $ 210,085 $ 210,085 InvestmentsInvestments $ 123,236$ 123,236 Order-Services RndOrder-Services Rnd $ 42,542$ 42,542

$ 375,863$ 375,863

• ExpensesExpenses FlyerFlyer $ 58,965$ 58,965

ScholarshipsScholarships $ $ 162,317 162,317 Operating ExpensesOperating Expenses $ 68,568$ 68,568

$ 289,850$ 289,850

20122012

FINANCIAL COMPARISONFINANCIAL COMPARISON

Net Assets $ 3,135,241 $ 3,370,381 $ 3,401,824 $ $ 3,370,381 $ 3,401,824 $ 3,616,8173,616,817

Income $ 414,828 $ 523,102Income $ 414,828 $ 523,102** $ 327,730 $ 375,863 $ 327,730 $ 375,863

Expenses $ 289,064 $ 317,694 $ 288,086 $ 289,850Expenses $ 289,064 $ 317,694 $ 288,086 $ 289,850

2009 2010 2009 2010 2011 2012 2011 2012

* Denotes that the Order made a donation to the Foundation for the National Flight Academy

An independent audit was An independent audit was completed 29 March 2013 using the completed 29 March 2013 using the General Accounting Principals giving General Accounting Principals giving an Unqualified Opinion. An Auditor an Unqualified Opinion. An Auditor gives a Clean Opinion or Unqualified gives a Clean Opinion or Unqualified Opinion when he or she does not Opinion when he or she does not have any significant reservation in have any significant reservation in respect of matters contained in the respect of matters contained in the Financial StatementsFinancial Statements.

2012 AUDIT2012 AUDIT