Toyota Foundation Approves Budget for ¥535 Million in
Grants for Fiscal 1992

On March 17, 1992, the sixty-second meeting of the Toyota Foundation's Board of Directors, chaired by Eiji Toyoda, chairman of the board of the Toyota Motor Corporation, approved the Foundation's grant activity program for fiscal 1992 (April 1992 through March 1993), including ¥535 million in grants. The amount disbursed for grants in fiscal 1991 was ¥481.11 million; the cumulative amount disbursed through fiscal 1991 was ¥7,784.6 million. The Board of Directors also decided to make Incentive Grants for Young Indonesian Researchers, hitherto administered as part of the International Grant Program, an independent program and to reorganize the "Know Our Neighbors" Translation-Publication Programs, merging the former three programs into two: the Program in Japan and the Program in Other Asian Countries.