Synod of Southern California and Hawaii

Olmstead Trust

Beneficiary location:

Panorama City, CA

Account number: 102240005946

Designated Use

The Synod of Southern California and Hawaii, or its successor, shall use the said income from the fund hereby established to support the Presbyterian chaplaincy program within the bounds of the County of Los Angeles, as may be determined by the Synod of Southern California and Hawaii, or its successor, and in cooperation with such hospital. The chaplain will be a member of the Presbytery of jurisdiction and be an employee of a Presbyterian Church U.S.A.) governing body located within the Synod of Southern California and Hawaii.The Synod of Southern California and Hawaii, or its successor, shall have the privilege of changing the investment vehicle of said gift once every two years according to the investment practices of the Foundation then in effect and shall also annually have the privilege of withdrawing principal of said Fund in excess of $800,000.00 according to the rules of the Foundation then in effect. Should the principal drop below $800,000.00, due to market conditions, further withdrawals will not be permitted until the principal is again in excess of $800,000.00. Any written requests for withdrawal of principal or change of investment vehicle must be received by the Foundation at least ten (10) business days prior to the periodic valuation deadline of March 31, June 30, September 30, December 31, in each year.