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The Donor hereby assigns, conveys, transfers and delivers to the Community Foundation the <br />FIRST: The Fund hereby created shall be known as the '"Santa Ana 2000 5cha~arship Fund." <br />property set forth in the attached schedule, together with other property acceptable to the Com- <br />munity Foundation which it may hereafter at any time hold or acquire hereunder thereinafter <br />referred to as the "Fund"~ as part of the Community Foundation, subject to the terms and condi- <br />tions herein set forth: <br />SECOND: The Community Foundation shall hold, manage, invest and reinvest the Fund, shall <br />collect the income and shall pay and disburse the net income for public educational and chari- <br />table uses and purposes, in accordance with the current policies of the Community Foundation. <br />Compensation far the Community Foundation's services, as outlined above, shall be paid in the <br />form of annual charges to the corpus of the Fund currently a.75%a~. Any changes in the fee are <br />subject to prior written notif cation of the Donor, All reporting by the Community Foundation <br />will be addressed directly to the Santa Ana 20D4 Executive Committee. <br />THIRD: The Donor desires that the annual net income of the Fund be paid in the amounts or <br />fractions listed to the following: Rancho Santiago College ion behalf of scholarship recipients. <br />The parties hereto have executed this instrument in duplicate as of the date and year first written <br />above. <br /> <br />By Donor members: <br />SupeFirlten t, Sant ° ~ oo istrict <br />~/~~~ ~~~ <br />Pre~nt, Santa Ana chamber of Comore e <br />r <br />~ ~ 4 <br />n . r. l~ .. <br />Ch <br />Commerce of grange County <br />B OCCF: ~~ l% <br />Y <br />Exeutive Director, ~?ranCounty Community Foundation <br />Mayor, City of S onto Ana <br />r <br />~ ~ <br />Chancellor, Rancho Santiago Community College District <br />