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Audit Shows Disabled Veterans’ Life Memorial Foundation Financially Sound and On Target for Completion In 2010 (From http://www.avdlm.com)

WASHINGTON, D.C./DELRAY BEACH, FL – The non-profit organization seeking to build the first national memorial dedicated to America’s disabled veterans reported today that the project is on plan, on schedule and operating on a positive financial basis.

According to its latest financial statement, the Disabled Veterans’ LIFE Memorial Foundation (DVLMF) had a $2.3 million operating profit for the first quarter of 2007. The Foundation has also secured $7.5 million in additional pledges restricted to pre-construction and construction costs. “Thanks to the generosity of some 877,000 donors from across the country, the American Veterans Disabled For Life Memorial project is on a very steady, focused and sound course today,” said DVLMF Executive Director Victor Biggs.

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Moreover, the DVLMF is “committed to the rights of our donors and ensuring that our operations are open and aboveboard. The Foundation fully adheres to the ‘Donors Bill of Rights’ posted on our website,” added Biggs.

The “patriotic Americans who have donated to this worthy project want to honor the service and sacrifice of those men and women who have given so much of themselves in defense of liberty and freedom,” said Biggs.

National statistics show that there are more than three million living disabled veterans, including thousands who have returned from the wars in Iraq and Afghanistan. The Memorial, to be situated on a two-acre site across from the U.S. Botanic Garden and with the U.S. Capitol as the backdrop, will honor “these unsung heroes, as well as those who have since passed on, in perpetuity for their courage and conviction,” he noted. Read the rest of this entry »

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