From the Air America Foundation Facebook page:
The Air America Foundation cannot continue to operate with the few volunteers that are left, not to mention the limited income.
This past Saturday, Larry, Cal and I voted to terminate the Foundation. This was done with great regret on the part of all three of us. But, we all feel there is no other choice.
Since we are a 501c3 non-profit organization, everything will be donated to a like entity. Therefore, after the vote, we met with Norm Daniels, commander of the Valiant Air Command museum. We offered to donate the C-123 along with all the parts, ground support equipment, tools, trailers, conex, etc. We will also donate the remainder of the Foundation’s bank account to the VAC. Mr Daniels was excited about our offer, and after consulting with his Board members the donation was accepted.
We will be maintaining the C-123 for another couple of months. The VAC will take possession following the 2017 Warbird airshow.
The C-123 is going to a good home and based on what I have seen at the museum, it will get the attention it deserves.
For me, the experience and camaraderie over the years I have been with the Foundation was very enjoyable. We’ve had some ups and downs, but overall, it has been a lot of fun.
Thanks to everyone who volunteered over the years, whether it was during the airshow or just a few hours on a Saturday. Thanks to those who followed us on this Facebook page.