TYPE OF FUND: Unrestricted DATE ESTABLISHED: 1995
PURPOSE: General charitable needs
DISTRIBUTION: Recommendation by the Grants Committee and approval by the full Board of Directors of TCF.
VARIANCE POWER: If, in the judgment of the TCF Board of Directors, the restrictions and conditions of the fund become unnecessary, incapable of fulfillment or inconsistent with the charitable needs of the community, the TCF Board of Directors maintains the right to modify the terms of this fund.
FUNDING: Initiated June 12, 1990 by First National Bank of Parsons which became Mountain Valley Bank, N.A. on October 1, 1992. The bank deposited $1,000 each year for five years.