Mission

THE FOUNDATION IS A CHARITABLE ARM OF THE UNITED STATES SUBMARINE VETERANS', INC. A SECTION 501(C)(19) VETERANS ORGANIZATION Purposes. The Corporation is organized and shall be operated exclusively for charitable and educational purposes within the meaning of Section 501©(3) of the Internal Revenue Code of 1986, as amended (herein called the "Code" and referred to by Section reference). In furtherance of the foregoing exclusively charitable and educational purposes,and not in limitation thereof, the Corporation shall: (A) Provide "qualified tuition and related expenses" within the meaning of Code Section 117 (b )(2) to individuals who shall be (i) dependent (natural or adopted) children or grandchildren of United States Submarine Veterans Regular members, active-duty submariners, or personnel in submarine support activities, both officer and enlisted, and (ii) part or full time students at an educational organization within the meaning of Section 170(b)(I)(A)(ii), provided that such educational organization (a) provides an educational program that is acceptable for fullcredit towards a higher degree or offers a program of training to prepare students for gainful employment in a recognized occupation, and (b) is authorized under federal or state law to provide such a program and is accredited by a nationally recognized accreditation agency, or, otherwise provides scholarships excluded from federal gross income under Section 117 ; (B) Educate the members of SUBVETS and the public on the role that submariners and submarines have played since the commissioning of the first United States Navy submarine in October, 1900; (C) Encourage research and preservation of historical data relating to the history of the Submarine Service; (D) Participate in Memorial Services, Parades and various activities connected with such patriotic holidays as Armed Forces Day, Memorial Day, Flag Day, Independence Day, Navy Day, and Veterans Day; (E) Undertake appropriate activities to promote a strong submarine force, including a submarine sponsorship program, and to assist the United States Navy in recruiting efforts for the Submarine Service; (F) Establish memorials and public monuments dedicated to honoring the memory of departed submariners, honoring the accomplishments of the United States Submarine Force, honoring the United States Navy, and honoring the Armed Forces of the United States; (G) Establish a library and/or museum, concerning submarines and the Submarine Service; (H) Provide assistance to impoverished former submariners and their immediate families; and (I) Promote and pursue such other activities as may be appropriate for an organization organized and operated exclusively for charitable and educational purposes, and which is exempt as an organization described in Section 501©(3) of the Code.