October 10, 2001

As reported earlier, the board of trustees of the W. Alton Jones Foundation has agreed to divide the foundation and to distribute its assets among three charitable organizations that will be headed by members of the Jones family.

The foundation will honor all of its outstanding commitments, and it is developing an exit strategy that will be finalized by October 31. The foundation is not considering new proposals. The missions of the three successor foundations have not yet been determined.

W. ALTON JONES FOUNDATION'S ASSETS WILL BE DISTRIBUTED TO THREE NEW PHILANTHROPIES UPON DISSOLUTION

Current Commitments Will Be Honored In Full

September 4, 2001

CHARLOTTESVILLE, VA The W. Alton Jones Foundation today announced that its board of trustees has agreed to dissolve the foundation and to distribute its assets among three new charitable organizations that will be headed by members of the Jones family. The Foundation will honor all of its outstanding commitments.

The decision to create three new organizations will help build upon the tremendous accomplishments of the W. Alton Jones Foundation, while providing the opportunity to explore additional areas of philanthropic activity.

The family has taken this step in order to continue and expand the important work that has characterized the W. Alton Jones Foundation for more than 56 years. The family is committed to furthering that legacy and continuing its mission, as enunciated by W. Alton Jones, to "promote the well being and general good of mankind throughout the world."

The W. Alton Jones Foundation was established in 1944 by W. Alton Jones, Since 1980, the Foundation has focused on efforts to develop new ways for humanity to interact with the planet's ecological systems and worked to eliminate the possibility of nuclear war by providing alternative methods of resolving conflicts and promoting security. The Board acknowledges the significant contributions of the Foundation's employees to these important endeavors. The foundation is based in Charlottesville, Virginia.

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Please direct press inquiries to
Howard Rubenstein (212) 843-8080 or
Alexander Samuelson (212) 843-8286

Other questions should be sent to transitions@wajones.org