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Form 990 governing body review Part VI line 11 | THE GOVERNING BODY IS REVIEWED BY MEMBERS THEMSELVES SO THAT ADDITIONAL FUNDING BE MADE AVAILABLE BY THE DESCENDANTS. |
Governing documents etc available to public Part VI line 19 | GOVERNING BODY IS REVIEWED BY MEMBERS THEMSELVES SO THAT ADDITIONAL FUNDS FROM DESCENDANT MEMBERS THEMSELVES MAY BE ADDED TO THE FUNDING OF THE CORPORATION.THE FOUNDATION DOES NOT EXPECT TO HAVE ANY SURPLUS FUNDS BECAUSE THE SCHOLARSHIP GRANTS AWARDED TO THE STATE UNIVERSITIES EXCEEDED THE FUNDS SOLICITED BY THE FOUNDATION FROM DONORS.SHOULD THERE BE ECONOMIC DOWNTURN FORESEEABLE GRANTS TO APPLYING UNIVERSITIES MAY BE ABOLISHED |
Explanation of other changes in net assets or fund balances Part XI line 9 | MORE GRANTS WERE MADE FOR THE TAX YEAR 2015 DUE TO HIGHER RECEIVED DONATIONS |
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