Split-Interest Trusts or Funds Bylaws

If a gift is made to a trustee in trust to make income or other payments to the corporation, followed by payments to any individuals or for other non-charitable purposes, it shall not be treated as a component fund of the corporation; and only the payments to the corporation shall be regarded as funds of the corporation, subject to the articles of incorporation and these bylaws, and then only when the corporation becomes entitled to their use. If a gift is made to a trustee in trust to make income or other payments for a period of a life or lives in being or a term of years, to any individuals or for other non-charitable purposes, followed by payments to or for the use of the corporation, it shall not be treated as a component fund of the corporation until all such non-charitable interests expire, at which time the fund shall become a component fund of the corporation. The Board of Directors may take such actions as it from time to time deems necessary or desirable to further the corporation's rights or interests in any split-interest funds, whether or not component funds of the corporation, and to protect its right to receive payments from such funds.