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TULANE TALK

July 29, 2004

Good Morning:

I have some very exciting and historic news to share with you. Netscape co-founder Jim Clark and Yahoo! co-founder David Filo have donated $30 million each to Tulane University. Each gift represents the largest single donation in university history and will have a profound impact on Tulane for years to come.

The gifts will be dedicated to Tulane's endowment, income from which will enable the university to support undergraduate students of extraordinary academic merit. The gifts also set the stage for the spring 2005 launch of the university's capital campaign to increase Tulane's endowment to over $1 billion by 2008, support the university's facility expansion program and underwrite Tulane's key strategic initiatives.

Jim Clark and David Filo are known worldwide for their acumen in recognizing potential for success. Their gifts indicate that, like us, they view Tulane as an outstanding university on the cusp of becoming one of the nation's premier institutions. We are most grateful for both their generosity and confidence.

Some of you may not be aware of Jim and David's connections to Tulane. Though he earned his degrees elsewhere, Jim attended Tulane as an undergraduate and is also a member of the Board of Tulane. David, a native of Louisiana, earned a bachelor of science degree in computer engineering from Tulane and is a member of the Board of Advisors for the school of engineering.

Jim and David's gifts are the latest in a string of successes that Tulane has enjoyed since we began implementing the ten-year university-wide strategic plan developed in 1998. For more information on these successes and this extraordinary gift visit http://www2.tulane.edu/article_news_details.cfm?ArticleID=5365.

Tulane is definitely on the move and we anticipate even more progress in the years ahead. These gifts indicate how far we have come and how far we will go.

Have a $60 Million Day,

Scott

Office of the President Emeritus, 1555 Poydras St, Suite 700, New Orleans, LA 70112 504-274-3638 info@scottcowen.com