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OrangeCounty . <br />Community <br />Foundation <br />Santa Ana Police Athletic & Activity League Fund <br />A Donor - Advised Non - Endowed Fund <br />of the Orange County Community Foundation <br />This agreement, made this 26ei day of July 2007, between the Santa Ana Police Athletic & <br />Activity League (hereinafter referred to as the "Founder ") and the Orange County Community <br />Foundation, a California nonprofit corporation (hereinafter referred to as the "Community <br />Foundation "), is as follows: <br />The Founder desires to create a Donor - Advised Non - Endowed Fund with the property hereinafter <br />specified for public educational and charitable purposes. <br />The Founder hereby assigns, conveys, transfers and delivers to the Community Foundation <br />property acceptable to the Community Foundation which the Founder or any other person may <br />from time to time add to the Fund (hereinafter referred to as the "Fund "), subject to the terms and <br />conditions herein set forth: <br />FIRST: The Fund hereby created shall be known as the "Santa Ana Police Athletic & <br />Activity League Fund." <br />SECOND: The Community Foundation shall hold, manage, invest and reinvest the Fund, <br />shall collect the earnings and shall disburse the assets of the fund for public educational and <br />charitable uses and purposes, in accordance with the policies of the Community Foundation. <br />THIRD: John Gabelman and/or Tom Serafin shall be the advisors to the fund. The <br />advisors may from time to time make suggestions to the Community Foundation concerning <br />grants from the Fund in accordance with the Donor - Advised Fund Policies and Procedures of the <br />Community Foundation, which may be amended from time to time by the Board of Governors, <br />the terms of which are incorporated herein by reference. Such suggestions may be accepted or <br />rejected, in whole or part, by the Board of Governors in its sole and absolute discretion in <br />accordance with Internal Revenue Regulations. If John Gabelman and Tom Serafin are no longer <br />able to advise, the following may serve as advisors: SAPAAL Commander and/or SAPALL <br />Director. <br />v <br />