General Fund Agreement

NOW, THEREFORE, the parties agree as follows:

1. Name of Fund

The name of the Fund shall be the

of the Communities of Coastal Georgia Foundation (hereinafter "Fund").

2. Transfer of Assets

Donor has transferred and assigned to Community Foundation all of the Donor's right, title and interest in and to certain assets listed on Schedule A of this Agreement for the purpose of creating a component fund of the Community Foundation.

All parties hereto agree and approve any future changes in terms, conditions or language as may be necessary or incidental to reform this agreement to conform to any existing or su sequent IRS requirements.

3. Conditions of Acceptance

Donor acknowledges the assets transferred to the Community Foundation shall be subject to all the terms and conditions of the Charter and Bylaws of the Community Foundation as they now exist and as they may from time to time be amended. A copy of those documents is available immediately upon request. Donors to the Fund may not impose any material restriction or condition that prevents the Community Foundation from freely and effectively employing the contributed assets, or the income derived therefrom, in furtherance of its charitable purposes.

4. Donor Recommendations

In accordance with the rights reserved to Donor pursuant to Article VIII of the Bylaws of the Community Foundation, Donor recommends that the Fund not be restricted to any particular field or charitable purpose. However, Donor may set forth on Schedules B and C hereto attached specific recommendations for the administration of the Fund, including its intended charitable purposes, and appropriate geographical limitations.

Should the Fund's purpose, as outlined in Schedule C, become unnecessary, incapable of fulfillment, or inconsistent with the charitable needs of the community, Community Foundation may exercise its variance power under Article VIII of its Bylaws. The exercise of such power shall not be effective earlier than at least thirty (30) days after Community Foundation notifies any current fund advisors in writing of its intent to exercise such power and the manner in which Community Foundation proposes to vary the purposes, uses or methods of administering the Fund.

5. Distributions

6. Fund Advisors and Sunset Provisions

The Donors (above) or the survivor for the term of each of their lives are hereby constituted Advisors to the Board of Directors of the Community Foundation (hereinafter "Advisors"). Upon the death of the survivor of the original Advisors, Fund Advisors (above), are hereby constituted Advisors to the Board. The said Advisors have been appointed for the purpose of making recommendations and giving advice and counsel to said Board regarding Fund issues not previously provided for by Donor, and with their advice and counsel the Board shall oversee the Fund’s administration. If the Fund continues beyond the lives of the named Advisors, or if the named Advisors shall for a period of three (3) consecutive years fail to make recommendations to the Board of Directors, or if the Donor has not provided Schedule C outlining charitable purposes the Fund is to serve, the Board of Directors will determine the disposition of the assets.

7. Minimum Contribution and Fund Balance

The initial contribution to the Fund must be at least $10,000, and the Advisor(s) must maintain a balance of at least $500. (Funds established to receive deferred gifts through trusts or estates may be exempt from the initial contribution requirement.)

8. Additional Contributions

The Community Foundation may receive and accept additional assets to be added to the Fund from any person, institution, trust or entity who or which desires to contribute thereto and have such assets administered and distributed in accordance with the provisions hereof. Said intent shall be presumed conclusively from the receipt of any assets, security, or check designated for the Fund.

9. Cost of Administration

The Community Foundation will charge its ordinary and customary administrative fees based on the prevailing schedule for such fees (which schedule is subject to revision or amendment from time to time) as published by the Community Foundation. As of the date of this Agreement, the prevailing schedule for administrative fees is as shown on Schedule D attached hereto. The Fund may also be charged regularly for a proper allocation of direct and indirect expenses attributable to the administration of the Fund and its assets.

10. Representation of Community Foundation

Community Foundation represents to Donor it has received a ruling from the Internal Revenue Service that it is an organization described in Internal Revenue Code Sections 501(c)(3), 170(b)(1)(A)(vi) and 509(a)(1); that the facts and circumstances forming the basis for the issuance of the ruling have not substantially changed since the date of issuance thereof; and that the ruling has not been expressly or impliedly revoked.

The following Schedules are attached and made part of this agreement: Schedules A, B, C and D.

President of Coastal Communities of Georgia Foundation
(to be signed when printed)

Signature of Foundation Staff/Title
(to be signed when printed)