The Foundation was founded in 1962 with the purpose of carrying out philanthropic activities using revenue from motorboat racing. Grants are awarded in the following areas: public welfare in Japan, voluntary programs in Japan, maritime and ship-related projects, and overseas cooperative assistance. Under the category of maritime and ship-related projects, the Foundation supports projects that contribute to the formation of a new international order of the seas, by promoting mutual understanding and multilateral cooperation on ocean issues, and carrying out pioneering initiatives. In addition, the Foundation supports other ocean-related projects focusing on initiatives listed on the Web site. For the maritime grants, applicants must be nonprofits located outside of Japan. Any program thatís already in its operational phase is not eligible for grant consideration.
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