Aer grant army11/16/2023 "It's not held in reserve - it's available for use," he said." Every Soldier that has a valid need has gotten assistance, so the needs of our Soldiers are being met." During the Gulf War, for instance, we went from $25 to $45 million of assistance in a matter of months."Ĭohen pointed out that while the investment capital is earning additional funds for AER, it is still available to help Soldiers when needed. And that money can be used for anything, such as a mass casualty event where a lot of people need a lot of money. It represents seed money and investments. It is earning a revenue stream allowing us to operate over and above what we get from donations. "The investment capital represents the body of funds that has grown over the years from when AER ran surpluses," Cohen said. That money, Cohen said, is an insurance policy to ensure that AER always has the money it needs to help Soldiers were a major unforeseen crisis occur, such as a large mobilization. Today AER's investments are worth about $190 million. At one point, the total value of AER investments peaked at about $297 million. Cohen, deputy director for finance and treasurer, Army Emergency Relief.ĪER maintains sufficient resources to invest - ensures there is always enough money to pay to Soldiers in need. "When people ask me what amount of the dollar they donate to AER is actually spent on Soldiers, I can tell them that in 2007, we spent about $1.84 of that dollar on program costs," said Andrew H. In fact, each year, AER provides more aid to Soldiers than what was collected through donations - the remainder of the money comes from the dividends paid on investments made by AER. Money for the program comes from voluntary donations by Soldiers and civilians, and from investments made by AER. The AER bills itself as "the Army's own emergency financial assistance organization." It assists Soldiers with interest-free loans, grants and tuition money for family members. 23, 2009) - Army Emergency Relief, which begins its annual campaign next week, provided more than $252 million in assistance to more than a quarter million Soldiers and family members between 20. Army) VIEW ORIGINAL 2 / 2 Show Caption + Hide Caption – (Photo Credit: U.S. Cohen, deputy director for finance and treasurer of Army Emergency Relief, says that AER has never denied assistance to a Soldier in need.
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