| The
Muhanna Foundation is approaching institutions and individuals to help fund the
education of Lebanon's youth. At this stage - PHASE 1, our target
is to raise US dollars 2.8 million, a sum that will enable the program
to get started and commit to around 500 eligible students and assist them in pursuing
and completing their schooling over the next six years until they graduate. We
estimate that the program's budget for the academic year 2006-2007, will be around
$450,000, including administrative and operating expenses. The Muhanna
Foundation is structuring AL-MASSAR's Program so that its annual administrative
expenses will not exceed 10% of the total budget. |