BROOKFIELD ARTS FOUNDATION INC

Brookfield arts foundation (the "foundation") was founded in 2000 to establish, maintain and operate an educational organization for the purpose of improving popular and scholarly understanding of art and the decorative arts. The foundation seeks to promote research into techniques of manufacture, construction, original use and ownership patterns of these objects, into the scientific analysis of materials and of original techniques; to provide care and conserve objects owned by the foundation; with the intent of making the results of research on such objects available both to the general public and to the scholarly community; to publicly exhibit such objects owned by the foundation (the "collection") often in collaboration with public exhibits of similar objects owned by others; and to make grants and loans of such objects to other organizations which are exempt from federal income tax under section 501(c)(3) of the internal revenue code of 1986, as amended (the "code").