THE BOARD OF DIRECTORS CONSIDERS ALL APPLICATIONS FOR POTENTIAL FUNDING. IN GENERAL, THE BOARD CONSIDERS REQUESTS FROM ORGANIZATIONS THAT MEET THE REQUIREMENTS FOUND IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IF THE REQUESTING ENTITY IS A NON U.S. ENTITY, THEY MUST MEET EQUIVALENCY DETERMINATION RULES AND PROVIDE THE REQUIRED DOCUMENTATION REGARDING HOW THEY MEET SUCH DEFINITION. THE APPLICATIONS SHOULD INCLUDE THE INTENDED PURPOSE AND REASONS WHY THE FOUNDATION SHOULD CONSIDER THE GRANT AND SHOULD CLEARLY STATE IF THE REQUESTING ORGANIZATION IS TAX-EXEMPT. CONSIDERATION WILL BE GIVEN TO THOSE ENTITIES WHICH CAN DEMONSTRATE SOME CONNECTION TO THE EMPLOYEES AT WABTEC.

THE FOUNDATION DOES NOT AWARD GRANTS TO INDIVIDUALS FOR PERSONAL NEEDS, RELIGIOUS ORGANIZATIONS, ORGANIZATIONS THAT HAVE NOT BEEN CERTIFIED AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE UNLESS AN EQUIVALENCY DETERMINATION CAN BE PROVIDED, ECONOMIC DEVELOPMENT, CONFERENCES/SEMINARS/SYMPOSIUMS, OR TRAVEL.