Ace in the Hole Foundation was founded to properly remember and honor the sacrifice of 1st LT Michael LiCalzi USMC. 1st LT LiCalzi lost his life while serving our country during Operation Iraqi Freedom in May 2006. The Foundation provides financial aid, material assistance and succor to charitable organizations and causes. The Foundation’s financial aid and material assistance is administered directly to deserving recipients or through contributions to charitable organizations with which the Foundation has working partnerships. Particular emphasis is given to the support of Marine tankers, especially those of the 2d Tank Battalion, 2d Marine Division, as well as other armed service personnel and their families.
Ace in the Hole Foundation was founded in 2008. The term "Ace in the Hole" derives from Mike's service with the 2d Tank Battalion of the USMC. 2d Tank's slogan is "Ace in the Hole".