Question: On July 1 , 2 0 1 9 , the city of Belvedere excepted a gift of cash in the amount of $ 3 ,

On July

1, 2019,

the city of Belvedere excepted a gift of cash in the amount of $

3, 340, 000

from a number of individuals and foundations and inside in agreement to establish a private purpose. Trust

3,

340, 000

and any additional gifts are to be invested in retain this principle income from the trust to be distributed to community nonprofit groups as directed by board, consisting of city officials and other community leaders leaders.

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