Financial report for 2008

25 local artisans benefited from a €34,621 direct subsidy on the " Boutiques du Rocher ". The Foundation's total contribution was €79,931. The remainder of the support was to compensate the salaries of the sales and the brodeuse. On the cultural front the Foundation expended €116,413 overall. Of this €11,300 was spent on bourses for qualified students. Elsewhere the Foundation underwrote three apprentices of the Aspen Music School in the USA to the tune of €18,310 and the scholars of the " Académie de Musique Rainier III " for €30,000. Further to this there was a subvention of €5,000 for " la première rampe", young circus acts, and €8,500 for local French schools. Together with the " Fondation Prince Pierre " the Foundation participated in the organisation of the " Grand Prix d'Art Contemporain" for an amount of €25,420. The Foundation gave a direct contribution of €12,000 for the Bourse de la Découverte to the young writer Cécile Reyboz. As a natural consequence, in 2008, humanitarian action has become the principal activity of the Foundation. The Foundation has again expanded its activities in reaction to an increasing number of French hospitals. Assistance was offered to over 1000 childen in 46 hospitals, this at a cost of €132,518. At the heart of these hospitals our Foundation underwrote equipment which helps to alleviate their comfort. We also helped subsidise clowns, artistic endeavours, cinema and especially holidays " à la carte ", this for a total of €30,600. We have also directly helped families of handicapped children in adapting to their kids to the extent of €24,500. The Foundation partly financed the renovation of two Parents Houses in 2008. In Angers Hospital (€60,000 in 2007-08) and in Bicêtre Hospital (€58,450). Also, during this period, " La Maison du Petit Monde " in Lyon Hospitals, built with the aid of the Foundation's funds, was inaugurated. The Foundation was also involved in helping with the rent of parents with long term children in Necker Hospital in Paris (€4,000). As concerns paediatric research 6 medical laboratories have received support to the extent of €259,250 with particular emphasis placed on improving research equipment (€188,350). At Christmastime the Foundation, through the operation " Geste de Noel " provided financial assistance to 13 local associations including Mission Enfance and Jeune J'écoute. The contribution was €24,000. In the international sphere the Foundation has been active in assisting: the orphanage Rainier III in Madagascar (€2,500), the association " Aviation sans Frontières " bringing children from Africa and South-East Asia to undergo operations in European hospitals (€3,300), an operation of a young Georgian girl (€5,288), an educational facility for Algerian midwives (€9,500), the association " Aide et Action " for the education of young Vietnamese children (€15,000), investment to improve the equipment for two Indian paediatric hospitals (€25,000).