St. Joe Commnunity Foundation

(7/25/2006) Steinbacher Family Only Months Away From Their New Habitat For Humanity Home The St. Joe Community Foundation donates an additional $25,000 for the effort

Steinbacher Family Only Months Away From Their New Habitat For Humanity Home The St. Joe Community Foundation donates an additional $25,000 for the effort

(July 25, 2006) – The St. Joe Community Foundation (STJCF), represented by board of trustees member Rod Wilson, presented a $25,000 check to the Habitat for Humanity of Walton County today. This was the second installment of a $50,000 grant to construct a single family home for Gary and Pamela Steinbacher and their two daughters. To date, The St. Joe Community Foundation has contributed $132,000 to Habitat for Humanity of Walton County.

"The Walton County affiliate of Habitat for Humanity is extremely pleased with The St. Joe Community Foundation for helping to provide affordable housing to families in need,” said Dave Casey, board president, Walton County Habitat for Humanity. “We are thankful for St. Joe Community Foundation's sponsorship of houses for our affiliate, because it is important to have affordable housing and they are taking a step forward to do that."

The Steinbacher’s new home will be located in the Oakwood Lakes Subdivision on Ruben’s Lane in Defuniak Springs. With the joint efforts of Habitat for Humanity of Walton County and The St. Joe Community Foundation, the Steinbacher’s home should be completed in September of this year.

About The St. Joe Community Foundation

The St. Joe Company (NYSE: JOE) created The St. Joe Community Foundation (STJCF) in 1999 to invest in community initiatives that pay long-term returns on the quality of life in Bay, Franklin, Gulf, and Walton counties.

Since its inception, STJCF made grants of more than $14 million to organizations in the region. Grants to date for 2006 exceed $948,000. STJCF’s unique funding structure is based on payments from sales in specific JOE communities within the region. Payments to The Foundation continue each time the properties are resold. In this way, JOE and the property owners who live in our neighborhoods partner with the community for the betterment of the entire region.

Focused primarily on education, regional health care delivery, arts and culture and parks and recreation, STJCF grants are based on building civic infrastructure and providing ongoing improvements in the region through grants and initiatives that promote teaching and learning to create healthier communities. To learn more about STJCF, log on to www.stjcf.org.

###