I G. I CHARITABLE FDUNDATIDH June 30, 1999 Dr. James Buchanan George Mason University Buchanan House 1E6 Fairfax, VA 22030 Dear Jim: I am pleased to announce a number of changes at the Charles G. Koch Charitable Foundation. In mid July. Victoria Hughes will leave the Foundation to establish the Bill of Rights Institute, a nonpro?t organization which will focus on educating high school students and teachers. Victoria?s experience as a classroom teacher, a nonpro?t manager, and an of?cer of a charitable foundation has equipped her well for this challenging opporttmity. The Charles Koch Foundation has long recognized the need for a largerscale, sustained, educational effort to develop in young people a deep understanding and appreciation of the liberty we enjoy as Americans. Consequently, we are pleased to provide seed funding for the Bill of Rights Institute. On July 1, Kelly Young will join us as Vice President of the Charles Koch Foundation. He will play a ltey role in articulating the vision and strategy for the Foundation as well as overseeing the grants program. Kelly served as a Program Of?cer at the Koch Foundation before attending Stanford University where he earned his JD. and MBA. degrees. He is currently Assistant Dean for Special Projects at George Mason University School of Law and Chief Operating Of?cer of the Mercatus Center. Also, I would like to take this opportunity to announce that Wayne Gable has been elected President of the Foundation. Currently, Wayne is the Managing Director for Federal Affairs at Koch Industries. Prior to joining Koch, he served as President of the lIl'Jcnter for Market Processes. Tait Foundation and lCitizens for a Sound Economy. Wayne has authored several publications on economic policy and market-based management. He received a 3.5. from Auburn University and a in economics from George Mason University. I hope that you will join me in congrandating Victoria, Kelly, and Wayne and wishing them much success in their new endeavors. Sincerely, Richard Fink Director {Rants amnion-sum Business Moe 1450 Street. Nordtwesl. State +45 PD. Box 2256 mm, or: Wichlla, mas arson ease Hm: 3i6f323~5552 Phone: 202593-2354 Fax: animus-2355