#United States #Dallas #Army Exchange #Air Force Exchange #Military Community

Major Financial Contributions to Military Quality of Life in 2024

In a remarkable demonstration of commitment to enhancing the lives of military personnel and their families, the Army & Air Force Exchange Service (AAFES) generated an astounding $295 million in dividends for essential Quality-of-Life programs in 2024. This initiative underscores the value that the Exchange system holds not only for active service members but also for retirees, military families, and authorized civilians within the military community.

When individuals make purchases at military exchanges, dine at Exchange-run restaurants, or shop online at ShopMyExchange.com, they help fund crucial resources that directly contribute to military readiness and morale. Tom Shull, the Director and CEO of AAFES, emphasized that nearly 71% of active-duty troops reside within 40 miles of an installation, highlighting the significant impact that the Exchange benefit has on their quality of life.

Reinvesting in Service Members

Every dollar earned by AAFES is reinvested into the military community, ensuring that the funds are allocated to improve various quality-of-life initiatives. In 2024, the total earnings of the Exchange surpassed $490 million, resulting in nearly $300 million earmarked for several military services. Specifically, the dividends for each branch were broken down as follows:

• - Army: $161 million
• - Air Force: $115 million
• - Navy/Marine Corps: $19 million

Approximately 60% of these earnings are funneled back into quality of life programs across the military services, while the remaining funds are directed towards enhancing customer experiences at Exchange locations. This includes vital renovations to existing stores, infrastructural improvements, and the introduction of additional services, accomplished without placing any financial burden on taxpayers.

Over the past decade, the Exchange system has generated a staggering $15 billion in value for the military community, signifying its critical role in supporting military families.

Holistic Support for Military Families

The AAFES Mission Report for 2024 detailed various support initiatives that the Exchange provided to the military community. Operational highlights included:

• - Supporting 50 military exercises, ensuring service members were well-equipped for missions.
• - Expanding convenience by launching over 200 24/7 self-service stores at various installations.
• - Improving cellular connectivity by installing 80 towers for better service.
• - Introducing an upgraded MILITARY STAR card now accepted by most vendors on military bases.
• - Launching more than 80 restaurants worldwide with healthier menu options.

These initiatives demonstrate a comprehensive approach to supporting not just operational efficiency but also personal well-being among service personnel and their families.

The Exchange's Long-Standing Commitment

Established in 1895, the Army & Air Force Exchange Service has consistently sought to enhance the lives of soldiers, airmen, guardians, and their families by providing goods and services at competitive prices tailored specifically for military personnel. Today, the Exchange is recognized as the 52nd largest retailer across the United States, maintaining its non-appropriated status under the Department of Defense.

All profits made by the Exchange are dedicated to the military community, contributing significantly to welfare and support systems for over a century. As a commemorative partner in recognizing Vietnam War Veterans, the Exchange also hosts various events that honor the service and sacrifices of veterans and their families.

For further insight into the Exchange's history and its commitment to the military community, you can visit ShopMyExchange.com or follow their updates on social media.

As we look ahead, AAFES continues to explore innovative ways to enhance its offerings and fulfill its mission of supporting those who serve our nation.