THE TOYOTA FOUNDATION APPROVES 259 GRANTS
TOTALING ¥381 MILLION

On September 22, 1994, the Toyota Foundation's Board of Directors, chaired by Eiji Toyoda, honorary chairman of Toyota Motor Corporation, approved 259 awards, worth a total of ¥381 million. The grant presentation ceremony was held on October 20, 1994, at the United Nations University in Tokyo. Also at this event, Toshitaka Hidaka, professor emeritus of Kyoto University, made a speech commemorating the 20th anniversary of the Toyota Foundation. Since fiscal 1975, when grant making activities were begun, the Foundation has approved 3,761 grants, worth a total of ¥9.2 billion. Total grants for fiscal 1994 are expected to reach ¥465 million. A breakdown of grants issued to date in fiscal 1994 is provided below.