The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, recently raised more than $1 million.

Of that total, $250,000 will be allocated to the foundation’s scholarship program, which helps make college dreams a reality for the children of enlisted Coast Guard members.

The 35th Annual Salute to the Coast Guard was held Oct. 9 at the Marriott Marquis in New York City.

“The Coast Guard’s motto is ‘Semper Paratus,’ or ‘Always Ready’,” Anne Brengle, president of the Coast Guard Foundation, said at the New York fundraiser. “We embrace that motto in everything that we do, including our scholarship program. It is our goal to always be ready to help any enlisted Coast Guard member’s child get a college education. With the help of the generous donations we received, we continue to make that goal a reality.”

The fundraising evening also celebrated the crews of the CG 29123 and WMSL 752 who, respectively, interdicted a record 35,000 pounds of cocaine ($540 million wholesale value) during a three-month mission and rescued a fisherman who spent seven hours lost at sea without a PFD.

For more about the scholarship program, take a look at this video produced by the foundation.

Monies left over after scholarships are funded will be allocated for one of the foundation’s many other initiatives, such as building recreation centers and playgrounds for Coast Guard families and providing emergency relief for the families of those who have died on active duty.