Tim and Sally Myers Fund

Tim and Sally Myers Fund

It is the general policy of the Foundation that a substantial part of the Unrestricted Funds shall remain as a permanent endowment of the Foundation. It is also the general policy of the Foundation that such amount of the net income of an Unrestricted Fund as determined from time to time by the Foundation's distribution policy shall be distributed during the fiscal year in which such net income is realized, or before the end of the next fiscal year, unless the Foundation determines that it is in the best interest of the Foundation to accumulate net income, in whole or in part, for a specific project, which it is contemplated will be accomplished in a reasonable period of time. For purposes of this agreement, net income shall include, but not be limited to, realized or unrealized short term or long term capital gain. All distributions from an Unrestricted Fund are at the sole discretion of the Board of Trustees of the Foundation.

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