Sample Board Resolution

I, the undersigned, Secretary of _________________, a corporation organized and existing under the laws of the State of ________, do hereby certify that a meeting of the Board of Directors of said Corporation duly convened and held on the _____ day of ______, _____, at which a quorum was present, and acting throughout, the following resolution was adopted, the same now is in full force and effect, and you may rely upon its remaining in such effect until you are advised otherwise by documents executed by the Secretary of said Corporation.

WHEREAS, said organization has funds requiring professional investment management; and

WHEREAS, said organized is desirous of obtaining effective investment management and accounting for those fund balances;

THEREFORE, BE IT RESOLVED that said organization authorizes the transfer of such funds as shall be determined by the President and the ___________ to the Woman's Missionary Union Foundation for the purpose of investment management. In so transferring the funds, said organization recognizes that it is delegating the investment management process to the Woman's Missionary Union Foundation.

FURTHER BE IT RESOLVED THAT the President and the ___________ of the Corporation have the full power and authority to authorize the following:

(1) To make the selection of funds to be transferred to, or removed from the Woman's Missionary Union Foundation;

(2) To direct the distribution of funds for specified purposes from accounts held at the Woman's Missionary Union Foundation;

(3) To approve investment transactions made by the Woman's Missionary Union Foundation;

(4) To determine the individual and organizations that will receive statements of account position from the Woman's Missionary Union Foundation and to direct changes to the names and addresses of individuals and organizations that will receive statements of account position; and

(5) To do such other acts as are necessary for the ordinary administration of the accounts at the Woman's Missionary Union Foundation.

I do further certify that the powers granted in this resolution are not contrary to the charter or certificate of incorporation or the By-laws of said Corporation, and that said Resolution supersedes and rescinds all previous resolutions.

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