NANSEMOND-SUFFOLK EDUCATIONAL FOUNDATION

THE MISSION OF NANSEMOND-SUFFOLK ACADEMY EDUCATIONAL FOUNDATION (THE "FOUNDATION") IS TO PROVIDE NEED BASED FINANCIAL AID FOR LOW INCOME STUDENTS ATTENDING NANSEMOND-SUFFOLK ACADEMY ASSOCIATION, INC. (THE "ACADEMY"), A VIRGINIA NON-STOCK CORPORATION, A TAX EXEMPT 501(C)(3) INSTITUTE, OR FOR STUDENTS RESIDING IN THE COMMONWEALTH OF VIRGINIA, WHOSE FAMILIES MEET GUIDELINES ESTABLISHED BY THE COMMONWEALTH OF VIRGINIA RELATIVE TO THE POVERTY LEVEL. THE FOUNDATION SUPPORTS THE ACADEMY AND AT LEAST ONE OTHER EDUCATIONAL INSTITUTION, WHICH THE FOUNDATION HAS DESIGNATED AS STONEBRIDGE SCHOOL.