AIR FORCE AID SOCIETY RECEIVES $3.5 MILLION IN GRANTS FROM USAA AND LOCKHEED MARTIN

Funding will be used to help Air Force families impacted by COVID-19   WASHINGTON, August 27, 2020 – Air Force Aid Society (AFAS) received $3.5 million in combined grant funding from USAA and Lockheed Martin Corporation to help airmen, space professionals, and their families facing hardships due to COVID-19.  USAA has committed $2.5 million and Lockheed Martin Corporation has provided $1 million to AFAS to offer emergency financial assistance and educational support. “USAA and Lockheed Martin have been longstanding supporters of our service members. We truly appreciate their contributions during these uncertain times,” said AFAS CEO retired Lt. Gen. John D. Hopper, Jr.  “We are navigating many new arenas and this increased funding will help to stabilize those households that are now down to one income because of a recent job loss. It will also aid Air Force families facing extra expenses for remote learning due to school closings.”  The grants will be used by AFAS to provide emergency financial assistance in the form of no-interest loans and grants. In addition, AFAS will offer interest-free educational loans up to $1,000 for out-of-pocket college expenses for Air Force families with dependents attending college. Air Force families having a financial need with dependents in grades K through 12, can also apply for one-time $250 grants through a new Virtual Schooling Grant initiative