Excellence Academies Foundation

Expenses incurred in carrying out the charitable purposes of thesupported organization, uncommon schools, Inc.; a internalrevenue code section 501(c)(3) tax-exempt organization, byengaging in activities directed to the development of innovativeschools, especially charter public shcools. In particular, theorganization supports the successful start-up, programdevelopment, and program implementation of Excellence boy'scharter school of bedford stuyvesant and the acquisistion anddevelopment of property to be used by Excellence stuyvesantneighborhood of brooklyn, new york in august 2004.