FUNDING RESTRICTIONS

Ordinarily grants will not be made for or to the following:

         annual fund appeals

         athletics and sporting events

         arts, culture and environmental projects

         competitions, tours, special events

         deficit financing, emergency funds and endowment funds

         hospitals except where invited to apply by the Foundation

         individuals

         major capital projects

         private foundations or other granting agencies

         sabbatical or academic leaves

         seminars, workshops, conferences