ELYSIAN FIELDS PROPERTY CORPORATION

ELYSIAN FIELDS PROPERTY CORPORATION THE ELYSIAN FIELD PROPERTY CORPORATION IS ORGANIZED PURSUANT TO IRC SECTION (CONT'D SCH. O) 501(C)(2). IT IS OPERATED EXCLUSIVELY FOR THE PURPOSE OF HOLDING TITLE TO REAL PROPERTY, COLLECTING INCOME THEREFROM AND TURNING OVER THE ENTIRE AMOUNT (LESS EXPENSES) TO SUPPORT THE ACTIVITIES OF THE BROTHERS OF THE SACRED HEART OF NEW ORLEANS INC. (A QUALIFIED 501(C)(3) ORGANIZATION), IN ORDER TO PROVIDE SUPPORT & INCOME FOR THE EDUCATIONAL, RELIGIOUS AND CHARITABLE PURSUITS OF THAT ORGANIZATION, INCLUDING BUT NOT LIMITED TO THE OPERATION OF BROTHER MARTIN SCHOOL IN NEW ORLEANS, LA. THE CORPORATION WAS ORGANIZED IN JUNE, 1988 IN ORDER TO TAKE TITLE TO INVESTMENT PROPERTY ADJACENT TO THE CAMPUS OF BROTHER MARTIN HIGH SCHOOL. THE GOAL OF THIS ACQUISITION WAS TO ASSIST IN THE DEVELOPMENT OF ENDOWMENT FUNDS FOR THE SUPPORT OF BROTHER MARTIN HIGH SCHOOL. THE OTHER MEANS ARE DIRECT CONTRIBUTIONS TO BROTHER MARTIN HIGH SCHOOL.