Koret Foundation Funds Awards $350,000 Challenge Grant Toward New NDNU Athletic Field

Belmont, CA, July 19, 2006 — Koret Foundation Funds of San Francisco has awarded a $350,000 challenge grant toward construction of a new athletic field at Notre Dame de Namur University (NDNU), NDNU announced today.

Under terms of the challenge, Koret will match all gifts pledged by year-end toward the project, up to $350,000.

“Construction of a regulation-size, safe and reliable playing field is critical to quality of campus and community life and to our ability to continue to attract and retain student athletes and non-athletes,” said University President Dr. John “Jack” Oblak. “We are flattered and delighted by the vote-of-confidence extended us by the Koret Directors.”

“Our interest in strengthening Bay Area communities extends especially to our universities’ ability to attract, retain, and train excellent students,” said Koret President Tad Taube. “Quality athletic facilities have become a selling point to students who are making decisions about where to go to college.”

The new field, which officials hope will be completed for use beginning in January 2007, will feature artificial synthetic turf, providing the resilient, shock-absorbing properties of grass, yet without the associated maintenance problems and costs. More than 14 NFL arenas now use synthetic turf, as do thousands of high schools, colleges and municipalities.

In recent years, the Notre Dame field has deteriorated due to wear and tear on the grass, as well as drainage problems, affecting collegiate athletic schedules as well as community use.

The new field will allow NDNU to host 22 home soccer games and 12 home lacrosse games, and to offer summer soccer and lacrosse campus to the community.

Gifts and pledges totaling $307,000 were in hand toward the $1.1 million project when the Koret challenge was received. Raising another $350,000 in new gifts will complete the Koret challenge and ensure the project.

The Koret Foundation and the Koret Fund are private philanthropic organizations run by independent boards of directors. Since 1979, these boards have directed more than $355 million towards projects that reflect a new philanthropic vision for the Bay Area.

To participate in the campaign, contact the Office of Advancement at NDNU (Third Floor, Ralston Hall; 1500 Ralston Avenue, Belmont, CA. 94002, ATTN: Ms. Gina Dorst, Executive Assistant to the Vice President for Advancement)