Lapham Foundation, Inc. - Page 11




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          attachments dated August 21, 2000.  In this communication,                  
          petitioner proposed to amend its articles to include the First              
          Presbyterian Church of Northville and the Boy Scouts of America             
          Detroit Area Council, specifically troops of Northville,                    
          Michigan, as supported organizations, with AEF remaining as the             
          third supported entity.  Petitioner offered the following                   
          information about its intended support of the church:                       
                    Applicant will provide support to First                           
               Presbyterian Church of Northville of at least $10,000                  
               annually.  The contribution will support two specific                  
               programs of First Presbyterian Church of Northville,                   
               namely, the Music Endowment Fund and the Land/Real                     
               Estate Acquisition Fund.  Applicant’s contribution of                  
               $1,000 to the Music Endowment Fund constitutes 40% of                  
               an approximately $2500 budget for the year 2000.                       
               Applicant’s contribution of $9,000 to the Land/Real                    
               Estate Acquisition Fund constitutes 80% of an                          
               approximately $15,000 budget for the year 2000.                        
          No details were given with respect to support of the Boy Scouts.            
               Petitioner also proposed to amend its bylaws and the Estate            
          Storage promissory note to address concerns relating to issues of           
          control.  Enclosed with the letter was a copy of the proposed               
          amended bylaws reflecting changes which included providing that a           
          quorum could not consist of a majority of disqualified persons,             
          that any director could be removed by a majority vote of the                
          current directors, and that directors were prohibited from                  
          engaging in any excess benefit transactions as defined in section           
          4958.  Similarly enclosed was a copy of a proposed demand note              








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