The Alexis & Anne-Marie Habib Foundation - Financial support

Objectives

The primary objective will be achieved by providing loans and/or grants for the following purposes:

• Pre-collegiate education and youth development for students in Lebanon

• Scholarships for university and post-graduate tuition and expenses for bright disadvantaged children in Lebanon, to pursue education at institutions both inside and outside Lebanon

• Development of the educational infrastructure within Lebanon, through the building and/or financing of schools targeted at disadvantaged children, and otherwise

Grant distributions

The Foundation aims to fund operating expenses and charitable distributions solely through the income on the investment of its liquid assets. The Foundation aims to make annual charitable distributions equivalent to approximately 5% of its liquid assets, primarily through long term preferential term loans as well as scholarships and cash grants.

Grant making Procedures

All grant making will be made in keeping with the stated objectives of the Foundation. Grants and loans will be made directly to the recipients and/or directly to their educational institutions, as determined by the Trustees in consultation with the Board of Advisors. Applications must be made to the Foundation's Beirut office. Important factors in the decision making process will include the level of disadvantage and the level of academic potential. Any form of disadvantage may be considered for qualification, although the primary focus will be on economic disadvantage. Past academic achievement and future academic potential will be considered, through school reports and through recommendations from teachers and other responsible professionals.