The Mission Foundation of the Presbyterian Church in Taiwan

Presbyterian Church in Taiwan Mission Foundation Fund

Beneficiary location:

Taipei,

Account number: 102261202112

Designated Use

Any income that is paid to the Mission Foundation may be used for any purposes designated by its governing body. Additionally, upon request from the Mission Foundation, as communicated by two of the following persons, the General Secretary of the Presbyterian Church in Taiwan, the Chairman of the Board of Directors of the Mission Foundation, or the Member and Accounting Officer of the Board of Directors of the Mission Foundation, the Foundation may elect from time to time to pay out any or all of the assets of the Fund to the Mission Foundation for any of the following purposes or any other purposes deemed similar by the Foundation in its sole and absolute discretion: 1. For bolstering the operating budget of the Mission Foundation when it reflects a deficit. 2. For increasing the required reserve levels of the Mission Foundation if such levels are modified by any regulatory agency. 3. For special programs of the Mission Foundation requiring additional funding outside the budget. 4. For maintaining solvency of the Mission Foundation. Furthermore, upon request from the Mission Foundation, as communicated by two of the following persons, the General Secretary of the Presbyterian Church in Taiwan, the Chairman of the Board of Directors of the Mission Foundation, or the Member and Accounting Officer of the Board of Directors of the Mission Foundation, the Foundation may elect to pay out up to (30%) of the assets of the fund to the Mission Foundation for its general mission purposes, as determined in the sole and absolute discretion of the Foundation.