Toyota Foundation Approves Budget for ¥475 Million
in Grants for Fiscal 1993

On March 16, 1993, the sixty-sixth meeting of the Toyota Foundation's Board of Directors, chaired by Eiji Toyoda, honorary chairman of the board of the Toyota Motor Corporation, approved the Foundation's grant activity program for fiscal 1993 (April 1993 through March 1994), including ¥475 million in grants. The amount disbursed for grants in fiscal 1992 was ¥526.06 million; the cumulative amount disbursed through fiscal 1992 was ¥8,310.75 million.