THE SANCTUARY GOLF CLUB FOUNDATION INC

THE SANCTUARY GOLF CLUB FOUNDATION, INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES. THE PRINCIPAL PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO RECEIVE AND ADMINISTER FUNDS FOR CHARITABLE PURPOSES WITHIN THE SANIBEL AND CAPTIVA ISLAND, FLORIDA COMMUNITY, INCLUDING MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVIEW CODE OF 1986, AS AMENDED (OR CORRESPONDING PROVISION OF ANY FUTURE LAW OF THE INTERNAL REVENUE SERVICE OR DEPARTMENT OF TREASURY) (THE "CODE"). TO PROVIDE NEEDS BASED ASSISTANCE TO INDIVIDUALS AND FAMILIES IN ACCORDANCE WITH A PROGRAM, POLICIES AND PROCEDURES ADOPTED BY THE BOARD OF DIRECTORS FROM TIME TO TIME. IN ADDITION, TO PROVIDE SCHOLARSHIPS TO THOSE WHO QUALIFY IN ACCORDANCE WITH THE PROGRAM ADOPTED BY THE BOARD OF DIRECTORS.