Previous grants have been allocated to pay for events, pilot projects, publicity materials, equipment and training.
The sum would have been more than double the highest previous grant from the fund for a work of art.
Some were no doubt issued to make up for previous grants that had been rendered worthless by tumbling stock prices.
But, unlike previous grants under the 1998 plan, the terms did not require Simon Property's performance to meet any benchmarks.
Ford's largest previous grant was $51.8 million, split between 1998 and 1999, to a North Carolina community development organization, to help low-income families become home owners.
The partnerships financed by the previous grant have linked elementary, middle and high schools with organizations as diverse as the Metropolitan Opera, the Lower East Side Tenement Museum and the Folk Music Society of New York City.
"The bank decided it would rather manage the trust internally," said Richard Mittenthal, president of TCC Group, a consulting firm that set up and administered the previous grant program for Marine Midland.
A spokesman for the space agency said it would investigate whether any American aid money had been diverted to the organization and would withhold $1.6 million in assistance until Moscow accounted for its spending of previous grants.
Previous grant funding includes the NSW Sporting Injuries Committee, the Brain Foundation (Australia), and the Hunter Medical Research Institute (HMRI), supported by Jennie Thomas.
The previous grant funding includes the NSW Sporting Injuries Committee, the Brain Foundation (Australia), and the Hunter Medical Research Institute (HMRI), supported by Jennie Thomas.
