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BRAZILFOUNDATION'S IV ANNUAL GALA IN NEW YORK

BENEFITING SOCIAL PROJECTS IN BRAZIL


SOL by Giovanni Bianco


25 September 2006


Dear Friends,

With great pleasure, I write you to share the wonderful results of BrazilFoundation's IV Annual Gala Benefit. The event was a huge success: as one of our 460 guests said, "I have never seen so many people having such a great time!"

We were able to raise a gross amount of $325,000. After expenses, it is the Projects Fund that will support our 2007 project selection cycle. This success wouldn't have been possible without commitment and effort of the Gala committee, our staff, volunteers, and the support of our underwriting sponsors: Atlas Advisors, Companhia Vale do Rio Doce (CVRD), Pfizer, and TAM Airlines.

This year, we decided the Gala would honor our grantees - and through them, local social entrepreneurs in all corners of Brazil. With the generous support of TAM Airlines, representatives of our project Reciclarte in Niteroi, Rio de Janeiro, flew to New York to perform at the Gala.

Seven young musicians of Reciclart's Orquestra da Grota de Surucucu performed classical music with a Brazilian twist. They received a standing ovation! New York Public Radio (WNYC) aired a story about two of the young musicians, the twins Wagner and Walter Caldas. We would like to share this beautiful story with all of you who have been supporting our efforts.

To listen to the webcast, click on the following link:
http://www.npr.org/templates/story/story.php?storyId=6073457&sc=emaf

If you find difficult opening this webpage, please cut and paste to your browser.

To those of you who have pledged gifts at the Gala, thank you, thank you, thank you! Your generosity is deeply appreciated.

For those of you who would now like to make a fully deductible gift to our Projects Fund 2007, there is still the opportunity, and a special incentive! Donors who contribute by October 1, 2006, will be eligible to enter a raffle for prizes, including a roundtrip NY/SP/NY Business Class Ticket on TAM Airlines. All those who have filled pledge cards at the Gala already have entered to win.

Contributions can be made by credit card (212 244-3663), by check made out to BrazilFoundation and sent to 345 Seventh Ave. Suite 1401, New York, NY 10001, or by PayPal through our website:

http://www.brazilfoundation.org/en/html/contribute.html

In advance, thank you. With very best regards and hoping to see you at our V Annual Gala next year,


Leona Forman
President

Malu Millerman
Chair Gala Benefit