THE ARROW LAKE FOUNDATION WILL ENGAGE IN THREE ACTIVITIES THAT BENEFIT THE COMMUNITY OF THE CITY OF MT. PLEASANT, TN - (1) GRANT MAKING TO CHARITIES THAT IMPROVE THE HEALTH OF THE COMMUNITY, (2) OPENING ARROW LAKE TO RECREATION BY OR FOR EDUCATION OF THE GENERAL PUBLIC, AND (3) DEVELOPMENT OF APPROXIMATELY 1200 ACRES SURROUNDING ARROW LAKE FOR RECREATION BY OR EDUCATION OF THE GENERAL PUBLIC.