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Nippon Foundation

The Nippon Foundation of Tokyo, Japan, is a private, non-profit grant-making organization. It was established in 1962 by Ryoichi Sasakawa, a late statesman and businessman. The foundation's mission is to direct Japanese motorboat racing revenue into philanthropic activities, and it uses these monies to pursue global maritime development and assistance for humanitarian work, both at home and abroad. In the humanitarian field, it focuses on such fields as social welfare, public health, and education.

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