Mary Homes College (LRC) Fund

Asamblea General de la Iglesia Presbiteriana (EE.UU.)

Restricción de fondos

The FUND shall be valued as determined by averaging the market value of the FUND as of the last business day of each calendar quarter of the preceding calendar year and five percent (5%) of the average market value shall be annually transferred to, on the next valuation date, and accumulated in a separate fund (hereinafter called the DISTRIBUTABLE FUND). Any such percentage may be changed either prospectively or retroactively (or both) by the FOUNDATION with the express written consent of the DONOR (or its successor in interest).