Establishment and History – In an effort to assist in the rebuilding of St. Bernard Parish, Louisiana after it was incomprehensively devastated by hurricane Katrina, the Board of Directors of Biloxi Marsh Lands Corporation (BLMC) in December of 2005 voted to establish and fund the Biloxi Marsh Disaster Relief Fund Corporation (The Fund). The initial capital donation to The Fund by BLMC was one hundred and fifty thousand dollars ($150,000), with a commitment from BLMC to match fifty cents ($.50) of each dollar ($1.00) donated to The Fund by third parties. This commitment to match funds donated by third parties is limited to the first three hundred thousand dollars ($300,000) received from third parties, making the total funding commitment by BLMC three hundred thousand dollars ($300,000). This matching fund provision was specifically designed to challenge other corporations, entities, and individuals to donate to The Fund. Shortly thereafter, The Fund filed Articles of Incorporation with the Louisiana Secretary of State’s Office as a non-profit organization and The Fund’s By-Laws were drafted in a manner to ensure that BLMC and its sister company Lake Eugenie Land & Development, Inc. (LKEU) can maintain control of the Board of Director’s in an effort to make certain that The Fund would be managed competently, efficiently and, most importantly, the monies disbursed by The Fund would go to needy causes and those monies would be used for the causes for which they were disbursed. The By-Laws also call for the appointment to the Board of Directors two local St. Bernard Parish community leaders. This provision was specifically designed to assist to the Board of Directors in understanding the true needs of St. Bernard Parish and identify needy causes for which monies can be disbursed. On May 25, 2006, the Board of Directors of The Fund held its first Board meeting. During this meeting the By-Laws were adopted and the Board of Directors were appointed including the two local St. Bernard Parish community leaders. The Board of Directors also decided to establish an initial strategy and mission statement by which The Fund will operate, hire KPMG as tax advisors and auditors, and authorize the drafting of an application form for potential donations to be designed in a manner that best insures that funds are granted to worthy causes while attempting to insure those funds are used for the purposes for which they were granted. It should be noted that the By-Laws require that each Director provide their services on a pro-bono basis. On July 14, 2006 The Fund applied for official IRS-501 (C) (3) status and received that status on July 27, 2006.
IRS-501 (C) (3) Approval for Biloxi Marsh Disaster Relief Fund Corp.

Initial strategy – Due to the overwhelming need created by devastation brought by hurricane Katrina, prior to accepting applications for assistance from the public, the Board of Directors believes that The Fund should initially concentrate its management efforts on raising the $300,000 from third parties allowing BLMC to fulfill its commitment to match $.50 of each dollar received. This would give The Fund’s treasury $600,000. After this level of funding is obtained The Fund can then begin to disburse funds. The Fund does intend to make very selective special donations to needy causes that require immediate attention. While $600,000 represents a significant contribution to The Fund, the reality of the overwhelming need in St. Bernard Parish dictates that $600,000 would only cause minimal beneficial affect. Due to this reality, the Board decided to retain a public relations consultant and use a portion of the initial $600,000 to fund a national advertising campaign to demonstrate to the rest of the country the extent of the property damage and loss showing the rest of the country the continued need throughout St. Bernard Parish. This advertising campaign will target key large markets and attempt to raise small amounts of money from large numbers of people hopefully creating the financial critical mass for The Fund that will allow it to assist the community in a more meaningful way. Simply put, if we use our initial capital to raise charitable contributions from 1,000,000 people that should give The Fund’s treasury a substantial amount of money that when properly dispersed could provide real beneficial effects to St. Bernard Parish. We also plan to attempt to form alliances with other funds and 501C3 organizations. We believe our structure and management, which includes the largest landowner’s in St. Bernard Parish and local community leaders, will allow The Fund to efficiently and effectively identify key needs and disburse funds accordingly while insuring the funds are used for the purposes for which they were disbursed.

More information is available at www.biloximarshlandscorp.com