1. The Fund shall be established as a separate fund of the Foundation, with a contribution to be made by the Donors through their estate, and it is agreed that the Donors, or an other person, may, at any time hereaafter, furing life, by Will, or otherwise, transfer money or property to the Foundation to be added to the Fund and thereafter dealt with in all respects as part thereof. 2. The Fund sall be invested and reinvested from time to time in such manner as may be determined by the Foundation. 3. There shall be no distributions from the Fund until the Fund fair market value is at least $25,000. In the year the Fund fair market value reaches at least $25,000 and for all subsequent years, 90% of the net income of the Fund will be distributed, at least annually as follows: 50% to Concordia University, St. Paul, Minnesota, for the Oswald Hoffman Institute and 50% to the Pastoral Leadership Institute, Dallas, Texas; if the Pastoral Leadership Institute ceases to exist, this share will be distributed to Concordia Seminary, St. Louis, Missouri. The remaining 10% of the net income of the Fund will be added to the principal of the Fund. 4. If any organization in paragraph 3 is not part of or affiliated with the Lutheran Church – Missouri Synod (“LCMS”) (i.e., included in the group ruling issued by the Internal Revenue Service or otherwise officially recognized by the LCMS), then the Foundation may, in its sole discretion, make an immediate distribution, from the principal of the Fund, of any non-LCMS organization’s share to such organization and such organization’s interest in the Fund shall be terminated. Distributions to non-LCMS organization pursuant to this paragraph will continue to carry the restriction on the use of the principal with income only to be used for the purposed stated in paragraph 3.