Better Business Bureau

Charity Contact Information BBB Wise Giving Alliance Comments Programs

Tax Status Governance Fund Raising Financial

Name:	Vietnam Veterans Memorial Fund
Address:	2600 Virginia Avenue, NW Suite 104
	Washington, DC 20037
Phone:	202-393-0090
Web Address:	www.vvmf.org

Vietnam Veterans Memorial Fund (VVMF) meets the 20 Standards for Charity Accountability.

VVMF dedicated the Vietnam Veterans Memorial, in 1982, with the goal of bringing national healing and remembering veterans of the Vietnam War. VVMF works with the National Parks Service and the Department of Defense to maintain and preserve the memorial. VVMF works to expand the impact of the memorial through programs, which include hosting ceremonies, sending a replica of the memorial throughout the U.S., and creating educational programs. Each of these programs reaches thousands of Americans, including families of the men and women who never returned from the Vietnam War, Vietnam veterans, current servicemen and women, and students. According to VVMF, in 2010, the traveling memorial/museum reached 24 communities and 230,000 individuals, educational guides were given to 96 schools, and over 10,000 people attended VVMF’s ceremonies. In efforts to enhance these programs, VVMF is working on a capital campaign to build an education center, an initiative of VVMF to build a center on the National Mall telling the stories of the over 58,000 heroes whose names are engraved on the memorial. Some ($1,709,101 or 32%) of VVMF's program activities are carried out in conjunction with fund raising appeals.

For the year ended December 31, 2010, VVMF's program expenses were:

Memorial legacy	2,158,841
Education center programs	960,105
Project RENEW	734,277
The Wall that Heals	387,326
Ceremonies and events	373,009
Memorial maintenance	323,214
Education Programs	305,708
Total Program Expenses:	$5,242,480

Chief Executive : Jan C. Scruggs, President and Founder

Compensation*:

$264,678

Chair of the Board: John C. Dibble
Chair's Profession / Business Affiliation: Attorney

Board Size: 7

Paid Staff Size: 16

*2010 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:

Direct mail, telemarketing, special events, print advertisements, television, radio, grant proposals, Internet appeals, and planned giving.

Fund raising costs were 16% of related contributions. (Related contributions, which totaled $10,159,013, are donations received as a result of fund raising activities.)

VVMF incurred joint costs of $2,554,989 for informational materials and activities that included fund raising materials. Of those costs, $1,702,226 was allocated to program expenses and $852,763 was allocated to fund raising expenses.

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on VVMF's audited financial statements for the year ended December 31, 2010.

Source of Funds
Contributions and grants	10,092,937
Investment income	788,441
Other revenue	123,262
Site fees	108,500
Donated services and materials	66,076
Total Income	$11,179,216

Uses of Funds as a % of Total Expenses

Programs: 75%  Fund Raising: 23%  Administrative: 2%

Total income				$11,179,216
	Program expenses			$5,242,480
	Fund raising expenses			1,647,031
	Administrative expenses			167,468
Total expenses				$7,056,979
Income in Excess of Expenses				4,122,237
Beginning net assets				24,677,726
Other Changes in Net Assets				(21,811)
Ending net assets				28,778,152
Total liabilities				1,942,948
Total assets				$30,721,100

Note: "Other changes in net assets" in the financial section above includes write-off of promises to give.