Niu Real Estate Foundation

Receive contributions of Real Estate, to hold, manage, lease, mortgage, develop, trade, administer and sell such Real Estate and to contribute or distribute all or a portion of the net proceeds from such activities of such Real Estate to (I) Northern Illinois university foundation, a not for profit corporation of the state of Illinois (the "niu foundation"); (ii) Northern Illinois university, a public corporation of the state of Illinois (the "university"); or (iii) such other entity as the board of directors of the corporation may determine is appropriate.