JANET JOHNSTON HOUSENICK AND

THE FOUNDATION EXISTS TO MAKE GRANTS TO BETHLEHEM TOWNSHIP IN THE COUNTY OF NORTHAMPTON TO PROMOTE, PROTECT, PRESERVE, CONSERVE, MAINTAIN AND ENHANCE THE JANET JOHNSTON HOUSENICK AND WILLIAM D. HOUSENICK MEMORIAL PARK SITUATED IN BETHLEHEM TOWNSHIP, NORTHAMPTON COUNTY, PENNSYLVANIA (THE "MEMORIAL PARK") AND THE PARK LAND PREVIOUSLY GIFTED BY JANET J. HOUSENICK AND WILLIAM D. HOUSENICK DURING THEIR LIFETIMES TO THE COUNTY OF NORTHAMPTON, COMMONWEALTH OF PENNSYLVANIA FOR USE AS A PUBLIC PARK (WHICH IS REFERRED TO AS THE "COUNTY PARK"). AN ADDITIONAL PURPOSE OF THE FOUNDATION IS TO ENCOURAGE THE INTEGRATION OF THE MEMORIAL PARK AND THE COUNTY PARK IN ORDER TO ENHANCE THE BEAUTY OF THE PARKS FOR THE PUBLIC'S ENJOYMENT OF THEM. UNDER THE WILL, THE FOUNDATION'S PRINCIPAL AND INCOME MAY ALSO BE EXTENDED FOR GRANTS TO ORGANIZATIONS THAT "QUALIFY AS EXEMPT" UNDER SECTIONS 170(C), 2055(A) AND 2522(A) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, FOR THE PURPOSES OF PROMOTING, PROTECTING, PRE