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r <br />W <br />FOURTH: If no advisors are willing or able to act, the Founder requests that the <br />remaining balance of the fund become endowed for community benefit at the discretion of the <br />Community Foundation Board. As required by Internal Revenue Service regulations, the Board <br />of Governors must retain final authority and responsibility for determining distributions from the <br />Fund. <br />The parties hereto have executed this agreement in duplicate as of the date and year above: <br />Orange County Community Foundation <br />By: <br />7 hn �Founder <br />, <br />Byer <br />Tom Serafin, Founder <br />