November 2022

Please take a few minutes to read the November?issue of the Foundation's?eNewsletter--it?includes three important topics related to our Community.

Named Scholarship policy update

Beginning with the 2023-24 Scholarship Season, the Navy Supply Corps Foundation Board of Directors?has revised the minimum amount for a Named Scholarship from $1,000 to $2,500 to provide for more meaningful scholarships, especially with the rising costs of higher education.?This policy change will enable the Foundation to comply with the IRS restrictions and award larger scholarships to our recipients.?Annual Named Scholarships can take up most of the available scholarship opportunities and reduce the ability to award higher value scholarships from the perpetual endowments.?Scholarship donations less than $2,500 will still be accepted and grouped into larger scholarships, with donor recognition in?The Oakleaf. In parallel, the Foundation continues to actively market and promote the Scholarship Program to increase the applicant pool and corresponding number of potential scholarships.

Learn more about donation opportunities??

Planning for Social Security benefits?

Social Security is part of a retirement plan for most Americans, but knowing when and how to apply social security benefits can be challenging. A retirement plan should be based on today's knowledge but allow for?future adaptations as circumstances change. Certainly deciding when to collect Social Security is a major retirement decision, but there are related decisions that can influence future income. Financial planning includes learning ways to maximize your benefits.?Understanding Social Security options can start you on your way to?financial success in retirement. The NSCF offers?a free weekly e-newsletter?to assist Members with common concerns regarding retirement planning.?

Learn more about Social Security planning??

Professional Certification/Licenses Grant Program

Attaining a professional certification can be costly.?The NSCF Professional Certification/Licenses Grant Program assists transitioning officers with the costs incurred attaining a certification or license to enhance a civilian logistics career opportunity up to $500.?Examples of professional logistics certificates that are available for Supply Officers and enlisted supply personnel are: Supply Chain Professional (CSCP); Foodservice Management Professional (FMP); Certified Professional Contract Manager; and Financial Management Certification. Professional certifications and licenses can offer members?a competitive advantage over candidates without certificates and lead to higher wages.?

Learn more about the NSCF Grant Program???

Upcoming dates:

• Now through January 14th, 2023 ~?Combined Federal Campaign (CFC)?is open!?Be the Face of Giving?to the?Navy Supply Corps Foundation, Inc.?(#10281).?Donate now!
• November 15th?~??Webinar: Military to Civilian Transition ~ Tuesday, November 15th at 7pm EST.?Register now!
• December 2nd ~ Winter issue of?The Oakleaf?is online! Want to contribute to the next issue??View the submission guidelines?or email?[email protected]?with questions.

Reminders:

• Thank you to all who attended the Webinar:?An Evening with the Chief.?It was well attended and very informative.?View?the slide presentation!?
• Share your Supply Corps story!?Capturing your stories serves to honor our shared heritage and preserve our Supply Corps traditions.?Learn how you can participate!?
• We are?Your Connection to the Supply Community. Keep your Foundation profile current by regularly updating your contact information.?Update your membership today!??

In the spirit of giving, please consider a?donation to the Foundation today.?Member?donations are vital to the successful operation of the programs and services serving?our Supply Corps Family.

If you have any questions or comments, please email?Executive Director CAPT (ret) Dan Pionk at?[email protected].?