The Coast Guard Chief Petty Officers Foundation (CGCPOF) was established on 01 April 2016 by Coast Guard Chiefs to provide financial assistance to members of the Coast Guard Family who experience an unforeseen financial crisis: Enlisted and Officer, Active Duty, Reserve, Retired, and Civilian members of the Coast Guard and members of their immediate families are eligible to apply for a grant. The CGCPOF has been designated by the Internal Revenue Service as a 501(c)(3) public charity and, as such, donations, bequests, transfers or gifts made to the CGCPOF are qualified tax deductions.
The idea for the Foundation began in 2015 when Chief Warrant Officer Fred Mann, a 96-year-old member of the Coast Guard Chief Petty Officers Association (CPOA), approached the CPOA President about bequeathing an annuity to the CPOA. CWO Mann requested the CPOA establish the benevolent Fred Mann Family Lucky Bag Fund (FMFLB) to assist all members of the Coast Guard family in need. The CPOA Board of Directors authorized the establishment of the CGCPOF to administer the FMFLB and other donated funds. The CGCPOF is affiliated with the CPOA but operates as a separate entity.
The five members of the CGCPOF Board of Directors (BOD) are responsible for oversight of the CGCPOF, including the review of all grant requests.
Requests for funds approved by the CGCPOF are intended as a one-time grant. The disbursement shall not be considered a loan, and if granted, there is no expectation of repayment by the Beneficiary.