Clarence & Genevive Swallen Missionary Endowed Scholarship

Grants are made according to trust agreement dated october 22, 1987. Keybank, as trustee makes distributions as follows: 33.333% to malone college, 33.333% to goshen college and 33.334% to andrews university. Under the Ohio institutional trust funds act of 1999, the beneficiaries have chosen to receive the maximum of income based on the greater of 5% of afv or traditional income. Keybank maintains a responsiveness to the needs and activities of each beneficiary organization in the attainment of its mission. Please note the charities have a right to remove the trustee, and the trustee has the authority to amend the document to insure the continuation to qualify as a 509(a)3.