July 22, 1996

Dear :

I am pleased to inform you that the Board of Directors of the Bradley Foundation has recently renewed authorization of the Bradley Fellowship Program, in which you and your institution have participated, for an additional three years, to commence with the 1997-98 academic year and to run through the 1999-2000 year. I am also happy to invite your institution to renew its participation in this program.

While the purpose and scope of the program remain the same as well as the revised application procedures (as reviewed below) one change has been made. The funds annually available under this program will be $30,000.

As you are aware, the application letter should be submitted by your institution.

Funds available for your institution under this specific grant renewal invitation will be restricted for use in F# and we would be pleased if you would be designated to coordinate, on behalf of your institution, the selection of the fellows to participate in the Bradley Research Fellowship Program. Notwithstanding, your institution must acknowledge and accept responsibility for administration of the grant, including accounting to the Foundation for its use and limiting use of funds for the purposes intended.

The designation of students is entirely within the discretion of your institution. However, we do expect the principal consideration in this selection to be excellence and merit. In addition, the recipients should carry the designation of Bradley Fellows.

July 22, 1996

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We hope your institution will find it beneficial to continue to participate in this program. The first step will be preparation of a renewal application letter (see attached sample) by your institution anytime prior to the beginning of the academic year for which funds are requested, indicating what portion of the $30,000 you are requesting. Upon receipt of your application letter the request will be considered for formal approval and a letter of award will be issued. Upon receipt by the Foundation of a copy of the award letter signed by an appropriate officer of your institution, a payment schedule will be established.

The only additional requirement is an annual report by your institution in the form of a letter describing the expenditure of the funds and the work and progress of your designees.

For obvious reasons, it is not necessary to take any particular steps now for the 1997-98 academic year, but we did want you to have prior notice insofar as this may assist your planning for that and the two following academic years.

I hope I have anticipated your questions, but if you require additional clarification, do not hesitate to contact me.

Sincerely,

Hillel Fradkin

Vice President for Academic, Cultural,

and International Programs

HF/ye