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INACTIVITY <br />The Initiative Foundation relies heavily on the leadership of the Community Fund Governing Board <br />to develop an active, sustainable community fund. This includes developing long-term marketing <br />plans, operating funding campaigns, developing leadership transition plans as new governing board <br />members are recruited, and distributing grant dollazs, as directed in the resolution establishing the <br />community fund. Should the Community Funds be challenged to develop and implement these <br />programs at the local level, the Initiative Foundation reserves the right to take whatever appropriate <br />means maybe required to sustain the leadership and programs of the Community Fund. <br />WHAT HAPPENS IF THE INITIATIVE FOUNDATION DISSOLVES? <br />With a substantial endowment, and a broad base of philanthropic support for its programs, the <br />Initiative Foundation is a fiscally sound organization. We foresee consistent and progressive <br />growth in our asset base, and are committed to increasing our endowment to support current <br />program and administrative needs. <br />H'.\Communiry Funds\Community Pund Pmg OUJive 2004.doo <br />3/21/2000 <br />