administration and is now a high school principal. tary child. “In some ways, I feel like the support
Ref_l ecting on what the Scholarship Fund of MOAA from MOAA is their way of showing appreciation
has meant to his family, he says, “It came at a time for the sacrif_i ces our family has made to support
when we needed the help. Today military personnel my father’s career,” she says.
are retiring or discharging into an uncertain future Bellini also is quick to point out her life as a mili-
given these dif_f_i cult economic times. T_h e scholarship tary child has been full of enriching experiences and
program is more important than ever.” rewards. As a child, she lived in Italy and Germany.
With a major in international relations, Bellini says
Mary Bellini
she hopes to go into foreign service. “I’m taking Ara-
bic with the goal of being a translator or analyst in
Mary Bellini, a sophomore at the College of Wil- the Middle East,” Bellini says, adding that her expe-
liam and Mary, Williamsburg, Va., says her inter- riences in a military family helped inspire her career
est-free loan from the MOAA Scholarship Fund plans. “And because the loan is from the military, I
pays for about one-third of her college tuition. feel an extra push to work hard,” she says.
“With the economy the way it is right now and
so many people [having] lost so much of their
investments, it’s a relief to know that a large part
Sources and Uses of the
of my tuition is safe,” says Bellini. MOAA Scholarship Fund
T_h e youngest of three girls, Bellini says there was
one year when she and her two sisters were all in SOURCES IN EXCESS OF USES SUMMARY 2008
Beginning Cash 347,447
Sources in Excess of Uses (1,323,752)
“I feel
Conversion of Investments to Cash 2,375,941
an extra
Ending Cash 1,399,636
push
SOURCES IN EXCESS OF USES
to work
Sources:
Contributions, Bequests, and Gift Annuities 2,901,337
Mary Bellini
hard.”
Student Loan Repayments 4,029,726
Investment Income, Net 671,540
Total Cash Received 7,602,603
college at the same time. T_h at would be a f_i nancial
Uses:
stress for any family, but she says military families
Student Loans Issued (8,082,355)
Grants Issued (844,000)
of_t en face f_i nancial challenges above those of the
Total Cash dispersed (8,926,355)
civilian sector. “Military salaries are not the same as
in the private sector. And many military households
Total Sources in Excess of Uses (1,323,752)
are single income. Because military families move so
frequently, it can be dif_f_i cult for spouses to establish
RESERVE FOR FUTURE LOANS AND
GRANTS (INVESTMENTS)
career-type jobs. And there is the expense of moving
Beginning Reserve for Future Loans and Grants 18,128,575
and setting up new households so of_t en,” says Bellini,
Conversion of Cash to Investments (2,375,941)
who moved 10 times during her childhood and went
Gains/Losses on Investments (4,300,731)
to three dif_f erent high schools.
Ending Reserve for Future Loans and Grants $11,451,903
Bellini, whose father is on active duty in Heidel-
berg, Germany, says it can be dif_f_i cult to be a mili-
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