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Army Emergency Relief (AER)
Army Emergency Relief was established in 1942 as the official nonprofit of the U.S. Army. Michael A. Grinston serves as CEO while Gen. John F.
Army Emergency Relief (AER)
Army Emergency Relief was established in 1942 as the official nonprofit of the U.S. Army. Michael A. Grinston serves as CEO while Gen. John F. Campbell chairs the board. The foundation provides financial assistance and educational support exclusively to soldiers, retirees, and their families. The portfolio allocates 40.47 percent to private equity alongside holdings in hedge funds, real estate funds, common and preferred stocks, U.S. Treasury securities, and corporate bonds. Geographic exposure centers on the United States with additional global private equity and hedge fund commitments. No specific named portfolio companies appear in public records. The organization maintains an investment portfolio valued near $355 million. It operates from a single headquarters in Arlington, Virginia. In March 2024 it sponsored the AER Annual Campaign Kickoff to raise funds for financial readiness programs. AER maintains a reciprocal assistance agreement with the American Red Cross and participates in the Military Aid Societies network that includes the Navy-Marine Corps Relief Society and Air Force Aid Society. Governance ties directly to active and retired Army leadership through its board structure.
General information
Firm type
Endowment / Foundation
Year founded
1942
Location
Region
North America
Country
United States
City
Arlington
Corporate office
2530 Crystal Drive 13th Floor, Arlington, VA, United States
Principals
Michael A. Grinston
CEO
Gen. John F. Campbell
Chairman of the Board of Managers
Sector focus
Frequently asked questions
Who runs investment decisions at Army Emergency Relief?
Michael A. Grinston serves as CEO. Gen. John F. Campbell chairs the Board of Managers. Day-to-day investment oversight details remain undisclosed in public materials.
Does Army Emergency Relief participate in fund commitments or only direct deals?
The foundation holds positions as a limited partner in private equity funds and hedge funds. It also maintains a real estate fund investment program.
What asset classes does Army Emergency Relief allocate to?
Allocations include private equity at 40.47 percent, public equities, corporate bonds, U.S. Treasuries, and real estate funds. The portfolio also contains alternative investments.
Where does Army Emergency Relief source its capital?
Capital originates from donations, investment returns, and an annual fundraising campaign. The organization does not receive direct government appropriations.
How is Army Emergency Relief related to the U.S. Army?
AER operates as the official nonprofit organization of the U.S. Army under a formal designation established in 1942.
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