Marine Corps Reserve Association

MCRA Life Fund Trust

MCRA TRUST GROW TO $35,424.07 27 Feb 2014

The trustees of the Marine Corps Reserve Association Life Membership Trust are pleased to announce the financial results for calendar year 2013. The year started with a market value of $23,867.91 and ended with a market value of $35,424.07, an increase of $11,556.16. The largest contribution to the increased value of the Trust came from $7,000.00 in donations. The second largest contribution to the increased value of the Trust came in the form of $2,617.96 in both realized and unrealized capital gains. Note that the trust management policy of investing in good solid companies with a history of increased annual dividends provides a conservative approach which offers increased income year over year.

Considering that the purpose of the Trust is to earn income for the Association to replace the annual dues that are no longer received from life members, the most important aspect of the annual report is the amount paid to the Association during the year. During 2013 earnings of $1,055.63 were paid, an increase over the $742.30 paid in 2012.


It is a bit premature to make any realistic projection of the Trust earnings for 2014 since there is no reliable way to predict donations or life membership applications, however, based on current holdings in the Trust we can expect at least $1,260.00 in earnings during 2014. Obviously this projection will be increased as the Trust receives additional donations and dues from new life members.


This month the annual meeting of the trustees was held electronically. The Form 990EZ for 2013 was inspected and approved by the trustees for submission to the Internal Revenue Service.  LtCol Howlett also particularly wanted to take this opportunity to thank Joe Staudtja for his enthusiastic support when the idea of the trust was first proposed and to to MGen Al Harvey who has been a regular donor to the Trust.



WHEREAS, the Trustor desires to create an independent organization, in the form of a trust, to provide a continuing source of revenue and support of the Marine Corps Reserve Association through the investment of membership dues and other donations as may be received by this Trust, all within the limitations of Section 501(c)(19) of the Internal Revenue Code.

LtCol Thomas Howlett Col Harley Skidmore Major James Pelkey
Trust Founders
MGen John Cronin MGen Albert Harvey MGen John Salesses
MGen Dean Sangalis Col Mark Cancian Col Edward Collymore
Col Robert Donaghue Col Robert Henderson Col Nick Hirsch
Col Graham Kreiker Col David Leighton Col Mike Mitchell
Col Norm Mueller Col Robert Rathert Col Harley Skidmore
Col James Wells, Esq Col Rex Williams Col Donald Wright
LtCol Charles Allen LtCol Robert Brockish LtCol James Craige
LtCol John DeHart LtCol Neil Frumkin LtCol Robert Hansel
LtCol Thomas Howlett Major Charles Bickley Major James Pelkey
Capt H D Rosenthal  Ms Iris Pinchart Mr & Mrs Patrick O'Dell
Mr Jack Robb Ms Kitty Vanden Avond Mr Merlin Wallenfang
Mr Philip Westenburg

To donate to the MCRA LIFE FUND TRUST click here

or mail a check to:

MCRA Life Membership Trust

c/o LtCol Thomas M. Howlett USMCR(Ret)

1370 Fox River Drive

De Pere, WI 54115-2403

Marine Corps Reserve Association
8626 Lee Highway
Suite 205
Fairfax, VA 22031-2135
Phone: (703)289-1204

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