Heartland Presbyterian Center

Louis A. Davis Memorial Maintenance Endowment Fund for Heartland Presbyterian Center

Beneficiary location:

Parkville, MO

Account number: 102240101655

Designated Use

The Foundation shall reinvest the Net Income of the Fund into principal until the corpus of the Fund reaches $50,000.00 so that such reinvested Net Income becomes principal. Afte the corpus of the Fund reaches $50,000.00, the Foundation shall pay the Net Income therefrom quarterly, after the expiration of each calendar quarter to the Heartland Presbytery Center, Parkville, Missouri to be used as follows: (A) As long as the Beneficiary's horse program is not a financial burden to the Beneficiary, such determination to be made in the sole discretion of the Beneficiary's governing body, the Net Income from the Fund shall be used for the maintenance of any unendowed facilities, specifically excluding the swimming pool and bath house. (B) In the event the Beneficiary's horse program becomes a financial burden to the Beneficiary, such determination to be made in the sole discretion of the Beneficiary's governing body, the Net Income from the Fund shall be directed to the continuing support of the horse program. (C) In the event that all of the Beneficiary's facilities become endowed, the Net Income of the Fund shall be used to fully support and improve the horse program.