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New Non-Profit Corporation to Fund US Merchant Marine Academy Athletics.

This Act authorizes the Secretary of Transportation to establish a new 501(c)(3) non-profit corporation dedicated solely to supporting the athletic programs of the U.S. Merchant Marine Academy (USMMA). This structure allows for tax-deductible private donations and formalizes the use of licensing revenues (like logo usage) directly for sports and cadet recruitment efforts. For citizens, this provides a clear, tax-advantaged channel for supporting the Academy's athletic and educational mission.
Key points
Establishes a new non-profit corporation to manage and raise funds exclusively for USMMA athletic programs.
Allows the corporation to enter into contracts, cooperative agreements, and leases with the Department of Transportation for USMMA facilities and support services.
Grants authority to license USMMA trademarks and retain the resulting fees specifically for athletic support and Academy recruitment.
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Introduced
Citizen Poll
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Additional Information
Print number: 119_S_3266
Sponsor: Sen. Wicker, Roger F. [R-MS]