Prins Bernhard Cultuurfonds Launches Chris Devries Fund for the Arts for Young Musicians

Prins Bernhard Cultuurfonds Launches Chris Devries Fund for the Arts for Young Musicians

AMSTERDAM, August 30, 2010/PRNewswire/ --

- First Registered American-Dutch Culture Fund

A new Culture Fund has been established at the Prins Bernhard
Cultuurfonds: the Chris Devries Fund for the Arts. This is the first
American-Dutch Culture Fund registered at the Prins Bernhard Cultuurfonds.
There will be international cooperation in the areas of fundraising and
spending from this fund.

Chris Devries' widow and the Prins Bernhard Cultuurfonds recently signed
this cooperation agreement. The objective of the Chris Devries Fund for the
Arts is to offer financial support to American and Dutch musicians,
preferably singers. EUR 50,000 will initially be available for this
objective, divided over a period of ten years.

Chris Devries

Chris Devries was the president of Citibank Netherlands and the chairman
of the American Chamber of Commerce. His devotion to young musical talent,
whom he supported and coached, was one of his main characteristics. After his
sudden death in 2008, his wife and several friends established a foundation
that supported young musicians and artists; its motto was 'you have to be
nice to people'. At the beginning of 2010, the foundation was changed to a
Culture Fund registered by the Prins Bernhard Cultuurfonds: the Chris Devries
Fund for the Arts. Citibank Netherlands recently allocated a considerable
amount to this new fund.

The original foundation, which is transferring the EUR 50,000 to the
Prins

Bernhard Cultuurfonds for the Chris Devries Fund for the Arts, will
remain active in order to acquire additional funds, both in the United States
and in the Netherlands. The goal is to significantly increase the capital. In
connection to this, an American Friends Fund will be established at the
Koning Boudewijn Foundation Belgium, in order to obtain 501(c)(3) status from
the US.

The Prins Bernhard Cultuurfonds

The Prins Bernhard Cultuurfonds' mission is to support cultural and
nature preservation projects in The Netherlands. The Prins Bernhard
Cultuurfonds enables foundations to establish the registration of Culture
Funds. By cooperating in establishing a Culture Fund, continuity is realized
and the fiscal advantages continue to exist. The Prins Bernhard Cultuurfonds
now uses its expertise to manage over 250 registered Culture Funds for
foundations but also for private individuals and companies.

For more information please visit: http://www.cultuurfondsopnaam.nl

Source: Prins Bernhard Cultuurfonds

For more information: press and publicity department, Prins Bernhard Cultuurfonds: Liesbeth Blijenberg, +31(020)520-6130, info@cultuurfonds.nl.

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