Marine Corps Scholarship Foundation Establishes First Advisory Board

MCSF Engages Corporate, Military Leaders to Support Marine Families

ALEXANDRIA, VA (March 3, 2017) – To further expand its commitment to bold and innovative leadership in delivery of its Scholarship Program, the Marine Corps Scholarship Foundation has established its first Advisory Board. The Advisory Board will continue the Scholarship Foundation’s commitment to diverse and collaborative leadership from leaders in all areas of industry, service and philanthropy.

Good governance and innovative leadership is critical to the Scholarship Foundation’s ability to keep faith with Marine families and maintain public trust, which it has earned through its 55 years of mission success, accountability and transparency.

“As Americans, we owe a debt to our nation’s Marines. We can and must support their children and families,” said Advisory Board Member and CEO of General Dynamics Phebe Novakovic. “The Marine Corps Scholarship Foundation provides a way we can all repay this debt and has done so for more than 50 years. This is a cause I proudly salute.”

The Advisory Board will be led by dynamic and experienced leaders in the military and philanthropy communities.
“We’re honored to be the beneficiaries of the diverse professional and personal experiences represented on the Foundation’s inaugural Advisory Board,” said Scholarship Foundation President and CEO Margaret Davis.
The Advisory Board will provide advice and support on topics such as Scholarship Foundation programs, strategic planning, mission impact and Marine Corps family support. The members, all distinguished in their fields, will provide new perspectives and guidance to the Scholarship Foundation’s mission of Honoring Marines by Educating Their Children.

Advisory Board members will hold their inaugural meeting on Friday, March 3. Founding members include:

• Michael Armstrong – Chairman, AT&T, Comcast, and Hughes Electronics (Ret.)
• Daniel F. Akerson – Chairman, United States Naval Academy Foundation
• C. “Barney” Barnum, Jr. – Medal of Honor Recipient, Colonel of Marines (Ret.)
• Rosalind G. Brewer – Former President and CEO, Sam’s Club
• James H. Clement, Jr. – Chairman, King Ranch, Inc.
• Ellyn Dunford – Spouse, 19^th Chairman of the Joint Chiefs of Staff and 36^th Commandant of the Marine Corps
• Sergeant Major Carlton W. Kent USMC (Ret.) – 16^th Sergeant Major of the Marine Corps
• James E. Lentz – CEO, Toyota Motors North America ­
• Phebe N. Novakovic – Chairman and CEO, General Dynamics
• Steven S. Reinemund – Retired Chairman and CEO, PepsiCo
• Lieutenant General Martin R. Steele USMC (Ret.) – Chairman Emeritus, Marine Corps Scholarship Foundation
• Hans-Peter Wild – Owner & Chairman, WILD GROUP Capri-Sun AG
• Dr. James E. Wright – President Emeritus and Eleazar Wheelock Professor of History Dartmouth College

Meet all of our founding Advisory Board members

About the Scholarship Foundation: Established in 1962, the Marine Corps Scholarship Foundation is the Nation’s oldest and largest provider of need-based scholarships for military children. Since its inception, the Scholarship Foundation has provided over 37,000 scholarships valued at nearly $110 million to the children of Marines and Navy Corpsmen. For more information on the Marine Corps Scholarship Foundation, please visit www.mcsf.org.