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AIMD-96-40R 1 (1996-02-08)

handle is hein.gao/gaobaclbj0001 and id is 1 raw text is: 


United States
General Accounting Office
Washington, D.C. 20548

Accounting and Information
Management Division


B-259129


February 8, 1996

The Honorable Bob Graham
United States Senator
Post Office Box 3050
Tallahassee, FL 32315

Dear Senator Graham:

This letter responds to your November 13, 1995, letter requesting information we
have regarding the Battle of Normandy Foundation. We reported on the Foundation
in November 1994. The report, entitled Battle of Normandy Foundation:
Uncertainties Surround Its Future Viability (GAO/AIMD-95-10, November 4, 1994),
included background information on the Foundation which we believe you will find
useful.'

In our report, we said that the Foundation had significant managerial and financial
problems, including upper management problems and liabilities substantially in
excess of assets. We pointed out that unless the Foundation obtained significant
amounts of new donations or other sources of funding, it would not be able to meet
its financial and operational responsibilities related to the creation of a memorial
garden in Normandy, France. Also, the precarious financial condition cast doubt on
whether other Foundation projects, such as a Wall of Liberty in Normandy, would
proceed. We have had no contact with the Foundation since the report was issued.

Please contact me at (202) 512-9489 if you have any further questions.


David L. Clark
Director
Audit Oversight and Liaison


GAO/AIMD-96-40R

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