Foster Foundation Contribution to Action Fund Carries On Commitment To Improving Rider Safety

Foster Foundation Contribution to Action Fund Carries On Commitment To Improving Rider Safety

© 2007, Roadracing World Publishing, Inc.

The Joseph C. and Esther Foster Foundation has contributed a grand total of $22,000 over five years to the Roadracing World Action Fund, with its latest donation of $1000 carrying on its tradition of support for safety. Managing Director Daniel F. Haft wrote, “On behalf of the Board of Director of the Foster Foundation, I am pleased to enclose our annual contribution of $1000. This is now year five of our commitment to help your organization bring airfencing and other safety technology to motorcycle road racing at all levels around the country, including here at Sandia Motorsports Park in Albuquerque.”

AMA Superbike Champion Ben Spies and his mom/manager Mary Spies spurred a frenzy of donations earlier this year by pledging to match donations up to $10,000 and $5000, respectively. More than $17,000 in donations poured in in response to the offer. Continuing his support for the Fund, Spies recently held a silent auction on his website with the proceeds split between the Action Fund and Spies’ late Grandfather’s charity, Love for Kids. To date the auction has yielded $225 for the Action Fund.

The Roadracing World Action Fund has received donations totaling $507,520.64 since its founding in 2001.

The Roadracing World Action Fund, Inc. is a 501(3)c not for profit organization and donations are tax deductible.

To help save lives and prevent injuries at racetracks, donate online at ~http://actionfund.roadracingworld.com/~, call 800-464-8336 or send your tax deductible donation to:

Roadracing World Action Fund P.O. Box 1428 Lake Elsinore, CA 92531

[email protected]

Summary of Recently Posted Contributions

(Contributor comments and dedications are included below with their listing. Total overall contribution appears in parentheses.)

Joseph C. and Esther Foster Foundation $1000 ($22,000)

Bob Robbins $1000 ($1750) “It seems like it was a pretty safe season all around. I can’t help but think we avoided several tragic outcomes with more Airfence. When the pits become lined with them, maybe we can say it’s enough.”

William R. Pritchard $300 ($500) In Honor of Vincent Haskovec

Ben Spies $225 ($10,225)

Tara Zidek Walker $100

Paul Black $100 ($200)

Henry DeLuca $50

Scott Bunn $25 ($105)

Ashley Huffman $25

December 31, 2006 Accounting Details to Date

Road Racing Expenditure Details

Direct purchase of soft barriers: $273,570 Shipping/Customs: $22,985.71 Bank Fees: $384.05 Air Fence* Deployment Crew Training: $700 Transportation & Installation: $5577.78 Corporation/Business Fees: $982 Online Auction Fees: $221.99 Printing Education Materials – $346.42 Misc Supplies: $39.59 Donation to AMA Pro Racing for initial purchase of soft barriers: $104,104 Red Flag Fund/Fundraiser split – $4500 Total Spent: $413,411.54 Total Donations Collected $465,346.64 Misc. Income $118.31

Cash on hand: $52,053.41

Dirt Track Expenditure Details Direct purchase of soft barriers: $34,500 Shipping/Customs: $2717.72 Transportation & Installation $2174.77 Total Spent: $39,392.49 Total collected: $42,174

Cash on hand: $2781.51

All administrative costs, including the percentage taken by credit card companies on credit card donations, have been absorbed by Roadracing World Publishing, Inc.

Airfence is a Trademark of Airfence Safety Systems Australia.

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