Education Assitance

In its 2020 report, Trends in College Pricing and Student Aid, the College Board reports that a moderate college budget for an in-state student attending a four-year public college in 2020-2021 averages $26,820 per year. The Blue Skies Foundation will provide financial assistance to the sons and daughters of fallen aircrew to help with the burden of tuition, room and board, and books and supplies.

The Blue Skies Endowment Fund is a Quasi-Endowment Fund (known as a “board-designated” endowment) that will be employed to achieve the Blue Skies Foundation’s educational support objectives for Gold Star families. The endowment is managed with consideration to guidelines established by the Uniform Prudent Management of Institutional Funds Act (UPMIFA) and accounted for using Generally Accepted Accounting Principles (U.S. GAAP) and guidance published by the Financial Accounting Standards Board (FASB), ASC Topic 958.