2022

ANNUAL REPORT

A Message From
Kim Frank

President, The Folded Flag Foundation

 

Thank you to everyone who helped make 2022 a great year for The Folded Flag Foundation. With the support from generous donors like you, we were able to raise more than $5 million for our nation’s Gold Star families, and awarded 754 scholarships for the 2022-23 school year.

We have had the opportunity to help hundreds of spouses and children of fallen service members obtain their educational dreams by providing them scholarships and grants. In order for us to continue providing this much-needed support to qualified recipients, we rely on generous support and donations from the public. And thanks to our underwriting sponsors – Black Knight, Inc., Fidelity National Financial, FIS and ServiceLink – 100 percent of all donations go directly to the spouses and children.

On behalf of The Folded Flag Foundation’s Board of Trustees and Operating Staff, I want to thank each and every one of you for your continuous support for our organization and our nation’s military. We would not be able to deliver the impact to help Gold Star spouses and children without your unwavering support.

Thank you,
Kim Frank

THE FINANCIAL INFORMATION FOR 2022
IS AS FOLLOWS:

2022 RECAP

Since opening our doors in 2014, Folded Flag has provided more than $12 million in educational scholarships to more than 500 individuals from across the nation. You can read more about last year’s results below.

SCHOLARSHIPS

YEAR NUMBER OF RECIPIENTS SCHOLARSHIP AMOUNT
2022 754 $3,319,353
2021 678 $3,050,000
2020 359 $1,557,007
2019 350 $2,537,420
2018 205 $1,888,359
2017 160 $1,054,927
2016 50 $387,171
2015 12 $137,300
2022 2021 2020
New Students 332 324 201
Returning Students 422 354 158
2022 2021 2020
Surviving Children 694 617 327
Surviving Spouses 60 61 32
2022 2021 2020
K-12 463 403 222
College/Trade School 254 238 131
Graduate School 37 37 6
Breakdown of Applicants by Fallen Branch 2022 2021 2020
Army 490 454 226
Navy 75 41 22
Air Force 68 68 36
Marines 106 108 75
Coast Guard 7 N/A N/A
Government 8 7 0

TOP 5 STATES BY NUMBER OF GRANT RECIPIENTS

2022 2021
North Carolina 52 43
Florida 48 34
California 31 33
Texas 63 28
Virginia 44 24

THANKS TO OUR UNDERWRITING SPONSORS

100 percent of all public donations are able to go directly to providing these scholarships.

LOOKING FORWARD TO 2023 AND BEYOND

As recently as 2003, the benefits paid to eligible survivors of military personnel killed in the line of duty was a one-time payment of $6,000. Since then, the death benefit has increased but still does not provide the necessary support for Gold Star family members.

Our goal is to not only help supplement the current death benefits, but to also provide a strong community for the spouses and children of fallen service members to connect with others who are going through the same hardships.

The Folded Flag Foundation has identified more than 5,000 spouses and children who will need educational funding over the next 20 years. It is our mission to help every single one of them.

If you would like to contribute to our mission and help our nation’s Gold Star spouses, please consider making a donation.