We are writing today representing the undersigned foundations to voice our strong
support for the petition before the Securities & Exchange Commission supporting a
rulemaking requiring corporate political spending transparency. The rulemaking petition
was submitted on August 3, 2011 by the Committee on Disclosure of Corporate Political
Spending, a group of prominent law professors specializing in the areas of corporate
and securities law. The petition reflects our desire to see the SEC create a Rule
requiring such disclosure.