The Covington Education Foundation: No part of the net earnings of the Fund shall inure to the benefit of any private individual or entity. No substantial part of the activities of the Fund shall be for carrying on propaganda, or otherwise attempting to influence legislation. The fund shall not participate in, or intervene in any political campaign on behalf of any candidate for public office. Fund grants are made for public charitable purposes which provide funds for the creation of, or participation in enrichment educational programs not available through other means. Specific grant recommendations are made by the distribution committee. The size and number of grants are directly related to the amount of money available each year and the restrictions donors have placed upon the uses of certain funds.