In 1963, Otto Frank and his second wife, Elfriede Geiringer-Markovits, set up the Anne Frank Fonds as a charitable foundation, based in Basel, Switzerland. Upon his death, Otto willed the diary's copyright to the Fonds, on the provision that the first 80,000 Swiss francs in income each year was to be distributed to his heirs. The Anne Frank Fonds represents the Frank family. It administers the rights, «inter alia», to the writings of Anne and Otto Frank and to the letters of the Frank family. It is the owner of the rights to translations, editions, compilations, and authorised books about Anne Frank and her family. The Fonds aims to educate young people against racism, and loaned some of Anne Frank's papers to the United States Holocaust Memorial Museum in Washington for an exhibition in 2003. Its annual report that year outlined its efforts to contribute on a global level, with support for projects in Germany, Israel, India, Switzerland, the United Kingdom, and the United States.