Hawkins-Buchanan Fund for Racial Justice

General Assembly of the Presbyterian Church (U.S.A.)

Fund Restriction

The Foundation shall reinvest net income so that Net income becomes principal until the principal reaches One Million Dollars ($1,000,000.00). Thereafter, the Foundation shall continue to reinvest ten percent (10%) of the net income into principal and perpetuity so that net income becomes principal and the Foundation shall pay ninety percent (90%) of the net income therefrom (hereinafter Net Income) after the expiration of each calendar quarter (or at any regular time interval as established by the Board of trustees of the Foundation from time to time) to the General Assembly of the Presbyterian Church (U.S.A.) to be used for the Racial Justice Program area, or its successor.