See schedule OTHE a.j. Fletcher foundation operates for the exclusive benefit of the fletcher academy, school of achievement, INC. And in furtherance of a purpose of the fletcher academy, a designated class of other charitable organizations. Through its grants, the foundation supports the fletcher academy and other public charities located in north carolina or serving north carolina residents that have as one of their purposes the care or support of the elderly, infirm or indigent, the promotion of education, artistic endeavors, communication arts, or public recreation or the fostering of religious faith.