DATE

CUSTODIAN	INVESTMENT MANAGER

GRANTEE	GRANTEE'S BROKER

Participants:

The XXX Foundation, Inc. has a $AMOUNT balance remaining on a total grant of $AMOUNT to GRANTEE in support PROJECT. The NUMBER installment of $AMOUNT is scheduled for payment DATE and will be paid using appreciated stock which approximates PERCENTAGE of the currently scheduled payment.

Attached is a schedule that outlines the specifics of the stock transfer and the various contact persons. Also note the following:

•	The stock will be delivered on DATE, no later than 11:00 a.m. CDT, based on the per share market price at the close of business PREVIOUS DATE.

•	The custodian is instructed to transfer the shares listed on the attached scheduled, basing the value on the specific identification method, using a low cost/high tax gain.

•	The receiving broker is instructed to sell the securities immediately upon receipt.

•	The grantee must fax the trade confirms to the XXX Foundation upon receipt.

The XXX Foundation assumes no responsibility for changes in the share market price subsequent to the day of receipt, and when not immediately sold will base the transfer value to the grantee on the stock's mean value on the day of transfer, excluding commissions and fees.

The shortfall in net proceeds between the sales price (less commissions and fees) and the grant payment will be paid by the XXX Foundation in cash. The shortfall will be determined using the trade confirms. If the transfer results in an excess payment, the XXX Foundation may request a refund of the excess.

Please contact me at PHONE if you have any questions.

Very truly yours,

CONTACT

TITLE

Grant ID #NUMBER

cc: XXX