Commemorative Coin Program:

Vietnam Veterans Memorial Fund

AIMD-98-15R: Published: Oct 15, 1997. Publicly Released: Oct 15, 1997.

Additional Materials:

Contact:

David L. Clark, Jr
(202) 512-3000
contact@gao.gov

 

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a legislative requirement, GAO performed a one-time audit of the use of commemorative coin surcharge proceeds received by the Vietnam Veterans Memorial Fund.

GAO noted that: (1) the Fund received about $2,849,000 in surcharge proceeds from the U.S. Mint from October 1994 through April 1996 and established an endowment in accordance with the provisions of Title II of Public Law 103-186; (2) as of May 1997, the Fund had expended about $252,000 from the endowment; and (3) the endowment balance as of May 1997 was about $3.3 million.

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