At first this nonprofit organization was intended merely to permit interested people to give historic artifacts to the College. But the founders, particularly Mr. Brown and Admiral Bates, also saw that the new organization had the potential of supporting financially much more than the acquisition of artifacts. They enrolled 176 founding members, each of whom gave $1,000 or more in order to provide a critical mass around which the new foundation could grow.
Uhlig, Frank Jr.
"The Naval War College Foundation,"
Naval War College Review: Vol. 42
, Article 10.
Available at: https://digital-commons.usnwc.edu/nwc-review/vol42/iss4/10