GOA-AMERICA HEART FOUNDATION INC.
22 JOYCE ROAD, HARTSDALE, NY 10530
Goa-America Heart Foundation Inc. NEWSLETTER

November 2006
Dear fellow members, donors and well-wishers of the Goa-America Heart Foundation Inc.

It has been a while since your Board of Trustees has communicated with you regarding developments related to our project for establishing a much needed state-of-the-art Cardiac Center in Goa. This has primarily been due to evolving circumstances in Goa that were often beyond our ability to control, and our need to make adjustments to adapt to the vagaries and the uncertainties of events as they presented themselves to us. We are  extremely fortunate to have a cadre of exceptionally talented and  dedicated people in Goa, who have been so effective in steering us through sometimes turbulent waters.

In recent months some tangible progress has been made. And it is with some sense of accomplishment that we can report to you the positive developments in our project.

1.. The Goa-America Heart Foundation Trust has been registered with the Central Government of India and with the State of Goa, and has secured 80-G status, that essentially allows tax-deductible donations to the trust by Indian citizens. Furthermore, GAHF Inc. has been granted 501©3 status,  allowing tax-deductible contributions by US tax payers. These are both  major developments that will greatly facilitate our ability to raise funds for your Project.

2. After a very thorough process of evaluation, it has been determined that our Cardiac Center will be most effective as a stand alone facility, rather than an adjunct to an existing medical establishment. Having  clarified our focus and objectives, the path towards establishment of the  center is now quite determined and clear. Our Trustees in Goa are in the midst of crucial discussions for the acquisition, under advantageous terms, of very valuable land in a central and strategic location which we  hope will come to fruition in a short time. As soon as that exercise is  completed, we shall be able to provide you with details.

We have received so many enquiries from many of you these past months and  offers of help, and we are humbled and grateful. We have also been  encouraged by your support, and by your patience as we have battled all manner of process, procedure, obstacles and red-tape to get to this point.  It is now time for us to direct our concerted energies and go full speed  ahead in parallel efforts to raise funds and to initiate architectural  plans and construction work for the Center.

On the home front, we at GAHF, Inc. have been very fortunate to welcome aboard Dr. Victor DeSa, a recently retired surgeon with much valuable experience in the medical and the financial world of medicine in New York,  as a Trustee on the Board.

In the next few weeks, we will keep you apprised of our plan of action in  the coming months, and of further developments. In the meantime, thank  you, as always, for your continued support. If you would like to take advantage of tax deductions for the current year, we would welcome a tax deductible contribution before December 31, 2006. Please make your check
out to GAHF Inc. and mail it to the address above.

We all on the Board wish you and your families a joyful Thanksgiving, and a Christmas season filled with peace. May you see peace and prosperity in  the New Year.