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The Foundation may assess a 5 percent establishment fee on all gifts restricted to specific purpose, as well as a 1.25 percent annual management fee on the remaining balance in those funds and endowments restricted for a specific purpose. Gifts made to the unrestricted Naval Academy Fund, or to class projects that include a portion to the Naval Academy Fund, are exempt from these fees. Income from these fees helps fund the Foundation’s operations as well as those of the Alumni Association.
274 Wood Road, Annapolis, MD 21402
