Posted 10/19/05: (From Skid Heyworth)
Vice
President, Communications
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410-295-4070
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410-757-9177
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410-212-7543
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us at www.usna.com
Academy
museum to get $17.5 million renovation
By
EARL KELLY, Staff Writer
The
The
museum also contains about 350 enemy flags captured by the U.S. Navy.
Fluctuations
in humidity are damaging some of the museum's treasures, especially the more
than 100 highly intricate model ships.
"We
don't have a good climate control system here," said Dr. J. Scott Harmon,
the museum's director. "The major reason for the renovation is to bring
in a modern museum environment."
About
160,000 people each year visit the 25,000-square-foot museum in Preble Hall, a
building near the Naval Academy Chapel that opened in 1939.
Besides
having an improved air conditioning system, Dr. Harmon said, the hall will
have a positive-pressure atmospheric system that keeps dust and outside
pollutants from coming inside and settling on furnishings and artifacts.
The
facility will close in June 2007 and the project will take about 18 months.
Exhibits
will be on the first floor and will include new computer-animated maps of
historic naval battles, to show ships' movements more clearly than the static
charts currently on display. The second floor will have an art gallery and a
gallery for model ships.
The
third floor will be for storage and the basement will house workshops and
staff offices.
"The
museum is part of the academic side of the academy; we are a history
lab," said Dr. Harmon, who teaches history at the academy.
To
illustrate, Dr. Harmon pointed to two glass cases, one containing a model of
the USS Constitution, an oak-hull frigate built in 1797 as one of the first
ships in the American fleet. The other case held the scale model of a British
frigate of about the same time period.
"The
American ships were so much bigger than the British ships, and the armament
was so much heavier," said Dr. Harmon.
The
museum contains the steel table from the USS.
The
table is draped in the cloth that covered it that day, and nearby in the
display case is the uniform Adm. Nimitz wore for the occasion, five stars
arranged in a circle on each collar. The floor of the exhibit is part of the
"That
is what I consider the crown jewel of our collection," Dr. Harmon said.
Of
Booth's spur, Dr. Harmon was a little less certain that it belonged in a
museum dedicated to the Navy and
"That's
a curious thing - I don't know why we have it," Dr. Harmon said.
The
renovation is to be paid for by $10 million in federal appropriations and
about $7.5 million in private funds, to be raised mostly from the academy's
alumni. The public money is to go mainly for improving the building, and the
private funds are to improve exhibits and to preserve artifacts.
A
syndicate of 10
"That's
a nice spread - it goes from the 1940s to the late 1990s," said Skid
Heyworth, a spokesman for the Alumni Foundation. "The members of the 10
classes are proud of the museum's history and clearly see the benefit of
cherishing it and protecting it."
Mr.
Heyworth said alumni have already raised about $4 million of the $7.5 million,
and he thinks the sponsoring classes as well as other alumni and the general
public will contribute the balance.
Retired
Navy Rear Adm. Guy Shaffer of
"We
are delighted to be part of it, and when (the museum) is refurbished, the
exhibits will be updated; we are looking at ways to make the museum more
dynamic and more attractive," Adm. Shaffer said.
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© 2005 The Capital,
Posted 7/16/04: (From Dick Powell)
Security Transfer Instructions
Revised
To
transfer a security electronically from your brokerage account your broker
needs written instructions on what and how many shares to transfer from your
account. He also needs to know the Deposit Transfer Corporation (DTC) number
assigned the receiving broker and the account number of the beneficiary
account being serviced by the receiving broker. It is also helpful to specify
that the transfer be credited to the Class of 1950 Museum Endowment Trust.
During
transfer the DTC system strips the CUSIP number (unique number assigned at
your initial purchase) from the stock being transferred thus losing any direct
identification of the original donor unless that donor (you) lets the
recipient know what is coming, how much and when. The process can take as long
as two weeks--especially at the end of the year. In light times it can be as
little as two days.
Now
the numbers:
The USNAAA/Naval Academy Foundation's broker is Morgan Stanley
and their DTC is 0015. The securities gift to the Class of ’50
Museum Endowment should be made to Security Transfer Account Number is
665-013558. To make sure both you and the Class Endowment are credited
with the gift, the AA would like you to let them know what is coming and when.
You can do this by e-mailing them the info at [email protected],
or calling. If you "cc" Dick Powell at [email protected]*
'Fifty will also track. If needed, Dawn Beach (NAF) at 410-293-1943 or Mike
Mundt (AA) at 410-263-4448 ext 232 are always happy to assist. Morgan's
broker currently handling the account is Jim Small at 1-800-347-4305.
Following
receipt of a security, MS will value it with the "median" price for
the day it was received; in practice, the average of the high and low for the
day for USNAAA's grateful acknowledgment to you. It is this valuation that you
report to the IRS on Schedule A of Form 1040 and on Form 8283 if over
$500. The gift must be a long
term capital gain to permit deduction of the Fair Market Value
otherwise you will be allowed to deduct only your cost basis. The
Association's Tax I.D. number is 52-0548411 but shouldn't be needed.
For
instructions on transferring actual stock certificates—a rarity these
days—it is best to call/write/e-mail Dawn. You will have to execute two
documents: (1) an irrevocable stock or bond limited power of attorney to
effect the transfer and: (2) a deposit of certificate registered in other
than your name. Angela will provide you with the kit. Whatever you do, do
not send the executed power of attorney in the same envelope with the stock
certificate and do not sign the actual certificate—or you get stuck with the
capital gains and half (or more) of your tax advantage is for naught.
Questions:
Call Dawn or Mike. 'Basher is always willing too—except you get comment too.
*
FYI: My toll free number is 1-866-859-4362. If no answer from me
within 24 hours I might be at the beach cottage, 1-866-859-4363.
Within CONUS I travel with a laptop and check for mail daily. Cell
phone (seldom turned on except to use) is last resort when surf-casting:
1-757-615-5660.
My
many, many, thanks—we’ll make it yet—but still $250K to go,
Dick
"Basher" Powell
United States Naval Academy Class of 1950 Museum Endowment Trust
8123 Dunsinane Court, Suite B, McLean, Virginia 22102-2719
Home: 703-893-4584 Toll Free: 1-866-859-4362 Fax: 703-893-1802
Christmas Season 2001
Dear Classmate:
My apologies for getting this letter mixed up in all your holiday mail--plus all the appeals for divers charitable contributions.
But, with swift thinking (duh!) getting the new 2001 Class Register to you in 2001 seemed important. It
’s dated 4 July 2001 but the corrigenda (see over) updates it. We can all thank Larry Hawkins for this massive effort in creating a useful Class Christmas gift.If at this point you think I might be asking for something in return, my spots haven
’t changed--you got it!Also, you should have gotten this more than three months ago but it became prudent to verify procedures for the optimal use of gifts in support of the Academy Museum, Preble Hall. This done, your last minute opportunity to take advantage of a 2001 tax deduction is at hand.
At our Fiftieth last year, you heard the announcement of our current Class Goal--sponsoring a million dollar endowment in support of the museum. Copies of this endowment trust agreement were in my last letter to you. The Challenge Fund consisting of very generous commitments from as many as 18 Classmates amounts to about half-a-million bucks when the overshoot (investment income) from our initial museum effort is included. The challenge is for the rest of the Class to match the half-mil.
Now that really is a challenge and if I were a hired fund-raising hand I
’d fire me for non-performance. To-date there have been 49 (not even ‘50’) Classmate donors other than the 18 awaiting in riposte. This is sad. I am sad. I feel like a rubber-beaked woodpecker in a petrified forest.The good news is that the bad news is not because of a lack of generosity. Two Classmates have established programs that are counted in the millions. Others have specific interests such as the honor chair, chapel, athletic and scholarship programs. These are recognized and honored. There have also been 71 unrestricted (non-designated purpose) contributions made to the Alumni Association or the Foundation since our reunion.
Lacking a specific objective, unrestricted support is recognized, but remember: (1) Projects, such as the Museum that are in the Supe
’s Strategic Plan are underwritten by the Foundation to the extent that they are not specifically supported by Classes, thus were we not supporting the Museum, the Foundation would have to do it out of unrestricted funds; (2) We are "taxed" five percent on all restricted gifts to cover overhead. Unrestricted gifts count towards a Class but not a specifically designated Class Project. Connect the dots. We have a specific objective.In this season of gratitude keep in mind that a majority of us are now benefiting from new legislation providing supplemental Medicare coverage—Tricare For Life—a savings of over $2,000 a year. Please consider sharing this bonanza and share yourself in meeting the Challenge.
There are fewer than 500 of us left; almost30 percent seem never able to contribute—you do the math and make your check to the U.S. Naval Academy Foundation with a notation on the lower left, Class of
’50 Museum Endowment or Account #8150, and mail it in the enclosed envelope.Thank most of you in advance, and others belatedly, for your generosity. And most of all, a very Merry Christmas, Happy Holidays and a Healthy New Year!
Sincerely,
J. Richard Powell, Jr. Call toll free if any questions: 1-866-859-4362 or check
Chief Kneebasher
’50 Jack Akin’s Class web site: www.usna50.8k.com/
Posted 8/24/01: (This endowment agreement between the Class of 1950 and the USNA Foundation is for your information, and though mechanically presented as a graphic, it is legible and deserves your perusal)
