Midway USA/WSF Youth Wildlife Conservation Experience (YWCE) Fund Sample Clauses

Midway USA/WSF Youth Wildlife Conservation Experience (YWCE) Fund. 1.2.1 Purpose a. WSF must create a separate endowment for this program named the Midway USA Youth Wildlife Conservation Experience. b. The initial gift of $400,000 was made in 2011 with a second gift of $200,000 made in 2012. A spending limit of 5% per year of the fair market value is allowed annually to fund the YWCE event. The Potterfields may donate additional funds annually. c. While the intent originally was to limit the event to high school aged freshmen and sophomores, this limit was removed by the Potterfields during the post 2012 YWCE Review Meeting held at Midway USA’s campus. A student is only authorized to attend the event once. d. Funds can be used for transportation expenses, lunch and materials associated with the event.
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