Families of the Wounded Fund, Inc.
c/o Village Bank
P.O. Box 330
Midlothian VA 23113
Mission Statement
Our mission is simple... we raise money and give 100% of it to the families of combat-wounded service members. We can do no less for those who are sacrificing so much for our great nation.
Leadership
CEO/Executive Director Mr. Paul E. Galanti
Board Chair Mr. Paul E. Galanti
Board Chair Company Affiliation Retired, Commissioner-Virginia Dept. of Veteran Services; US Navy, POW-Vietnam
Contact Information
Address c/o Village Bank
P.O. Box 330
Midlothian, VA 23113
Telephone 804 897-3900
Fax 804 897-4750
E-mail info@fotwf.org
History and Background
Year of Incorporation 2006
Financial Summary
 
 
Projected Revenue $350,000.00
Projected Expenses $360,000.00
Statements
Mission
Our mission is simple... we raise money and give 100% of it to the families of combat-wounded service members. We can do no less for those who are sacrificing so much for our great nation.
Impact

Since 2005, the Families of the Wounded Fund has provided generous financial assistance, as well as emotional and practical information, to those families and caregivers who are at the bedsides of their severely wounded loved ones. Doctors say that the presence of a loved one dramatically improves their recovery and contributes greatly to the healing process. Our community-based mission is primarily focused at McGuire Veterans Medical Center in Richmond, Virginia, and Fort Belvoir Hospital, Fort Belvoir, Virginia. McGuire is a top treatment center for head and spinal cord injuries and the Polytrauma Unit excels in providing the multi-faceted care necessary for patients with multiple serious injuries. Fort Belvoir focuses on treatment and rehabilitation for severe PTSD sufferers. In previous wars, wounded service members were treated close to home. Today, care is given by the very best center possible, regardless of location. Many of the combat-wounded soldiers, Marines, sailors and airmen returning from Iraq and Afghanistan are treated at these hospitals and the impact is felt across the nation by military families representing all branches of the service. Family caregivers often travel far from home and stay for weeks, and frequently months, to assist in the care and support of their loved ones. They incur a variety of out-of-pocket expenses while the bills, in many cases, pile up back home. Our support enables many families to extend their stay at the bedside of their wounded loved one. Thanks to the generous and long-standing support of Village Bank in Midlothian, Virginia, the Fund has no overhead expenses. With a dedicated staff of volunteer board members, most of whom have served in the military, we are able to ensure that 100% of donations and net proceeds from our events is disbursed to these deserving families.

Needs

Our mission is very simple. We raise funds and make cash grants to the families upon arrival. They do not have to apply and the only paperwork facing the families is a signed receipt. Since we began operations, the McGuire Veterans Hospital in Richmond, Virginia has increased its capacity in the polytrauma unit from 8 beds to 28 beds and Fort Belvoir has opened new facilities to provide for the treatment of PTSD. If our fundraising is successful, we will continue to serve the new families that arrive with their wounded loved ones. We would also like to continue to offer additional help to some families which we have assisted previously, who have endured life-changing injuries, such as paralysis, traumatic brain injuries, limb amputations, etc. As the war continues, so will the wounded. Our Board of Directors will continue to raise public awareness of the needs of the families of wounded through speaking engagements, fundraising events and seeking to earn grants.

Background

In 2005, two of our founding members happened upon a family whose loved one had been wounded in Iraq. He was receiving medical treatment at McGuire Veterans Hospital in Richmond, Virginia. It was after this chance meeting that a small group of veterans realized there was an unmet need and decided to raise money for the sole purpose of providing immediate assistance to the FAMILIES of active duty service men and women seriously wounded in combat operations or in the line of duty... hence, the FAMILIES OF THE WOUNDED FUND, INC. In 2006, the Fund incorporated and achieved 501(c)(3) status under the Internal Revenue Service.

Board Chair Statement

Our Board has determined that the Families of the Wounded Fund will operate with no overhead expenses and will distribute 100% of donated funds and net fund raising revenue to our beneficiaries. To do this requires significant time and effort from our board members to get our message in front of potential donors. We have provided more than 500 cash grants to families of severely combat wounded military members over the last 10 years and have been able to maintain our no-overhead promise. Whether helping a young wife with small children to be able to spend time at her husband's bedside or helping a parent to remain away from home for weeks at a time to be with an adult child who is undergoing major medical treatment, we take enormous satisfaction in succeeding in our purpose of helping those whose need is so much greater than ours. "We raise money and we give it away!"

Areas of Service
Areas Served
Area
National
While the Families of the Wounded Fund, Inc. primarily assists the families of wounded military men and women who are being hospitalized  and treated in Virginia, it is important to note that these families come from across the entire United States of America.
Board Chair
Board Chair Mr. Paul E. Galanti
Company Affiliation Retired, Commissioner-Virginia Dept. of Veteran Services; US Navy, POW-Vietnam
Term July 2015 to July 2017
Email paulgalanti@mac.com
Board of Directors
Board Members
NameAffiliation
Mr. John M. Allison SVP, Cortek; Lt. Col., USMC, Desert Storm (Ret)
Mr. William R. Carmichael Jr.Retired, Fund Services, Inc.; USNR, Vietnam
Dr. David S. Corderman Sr. Partner, Academy Leadership Associates, LLC ; USMC
Mr. James H. DeMent Jr.VP, Davenport & Co.; U.S. Air Force, Vietnam
Mr. R. Calvert Esleeck Jr.Retired, Murray & Esleeck CPA; Infantry Platoon Leader, USMC, Vietnam
Mr. Paul H. Galanti Retired, Commissioner, Virginia Department of Veteran Services (Ret); U.S. Navy, POW Vietnam
Mr. Thomas J. Gallagher President, Better Business Bureau; U.S. Air Force, Vietnam
Mrs. Deborah M. Golding VP, Village Bank
Mr. William G. Haneke Retired, Captain, Infantry Advisor, U.S. Army, Vietnam
Mr. E. Bruce Heilman University of Richmond; USMC WWII
Mr. Douglass C. Horstman VP-Maytag Corp. (Ret); USMC
Mr. L.W. "Chip" Houston Retired, VP, ARA Smith's Tranfer; USMC
Mrs. Catherine M. Hundley President, Procare, Inc.; Colonel, U.S. Army (Retired)
General Richard B. Myers 15th Chairman of the Joint Chiefs of Staff
Mr. George L. Nyfeler IIIPresident, Nyfeler Associates; U.S. Army
Mr. Thomas W. Winfree Retired, President/CEO, Village Bank; U.S. Navy
Board Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 16
Hispanic/Latino 0
Native American/American Indian 0
Board Demographics - Gender
Male 14
Female 2
Governance
Board Term Lengths 2
Board Meeting Attendance % 85
Written Board Selection Criteria? No
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 100
Percentage Making In-Kind Contributions 100
Number of Full Board Meetings Annually 12
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Comments
Additional Boards:  Other Board Members.
Our Greater Fredericksburg Regional Board is a volunteer group that actively assists with fundraising as well as public awareness in the Fredericksburg/Northern Virginia areas.  This Board also serves as our Marine Corps liason,  A large percentage of the combat-wounded patients FOTWF assists are Marines
Executive Director
Executive Director Mr. Paul E. Galanti
Experience
Retired Naval Officer, former Vietnam POW
Retired Commissioner of Veterans Services for Virginina 
Former CEOs
NameTerm
William B. Carmichael Jr.July 2013 - July
Mr. R. Calvert Esleeck JrJuly 2011 - Dec 2010
Staff
Full Time Staff 0
Part Time Staff 0
Volunteers 16
Contractors 0
Plans
Organization has a Fundraising Plan? No
Organization has a Strategic Plan? Under Development
Management Succession Plan? No
Organization Policy and Procedures No
Nondiscrimination Policy No
Whistleblower Policy No
Document Destruction Policy No
Directors and Officers Insurance Policy Yes
Programs
Description
Fiscal Year
Projected Revenue $350,000.00
Projected Expenses $360,000.00
Spending Policy Income Only
Percentage (if selected) 100
Form 990s
IRS Letter of Exemption
Detailed Financials
Expense Allocation
Fiscal Year201520142013
Program Expense$264,000$430,050$292,670
Administration Expense$10,191----
Fundraising Expense$0----
Payments to Affiliates------
Total Revenue/Total Expenses1.411.091.48
Program Expense/Total Expenses96%100%100%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$1,522,988$1,411,862$1,372,161
Current Assets$1,522,988$1,411,862$1,372,161
Long-Term Liabilities$0----
Current Liabilities$0----
Total Net Assets$1,522,988$1,411,862$1,372,161
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities------
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets0%0%0%
Capital Campaign
Currently in a Capital Campaign? No
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit 11/2014View
Comments
Foundation Comments
  • Financial information provided from audited financial statements.
  • Form 990 and audited financial statements prepared by Keiter, Stephens, Hurst, Gary & Shreaves.
  • Revenue from "Individuals" may also include support from corporations and foundations.