Paper Technology Foundation Inc.

“The members of this foundation shall be companies, associations, foundations, and individuals who are from time to time approved for membership by the governance committee, based on the membership classifications outlined below. Corporate foundation memberships: 1. Corporate benefactor (voting), 12,000 - any company or organization that establishes a named scholarship fund or endowment fund and which contributes the prescribed annual dues. 2. Corporate member (voting), 12,000 - any company or organization that contributes the prescribed annual dues but has not established a named scholarship fund or endowment fund. 3. Corporate member (voting), 9,000 - any small to mid-sized company or organization that contributes the prescribed annual dues 4. Corporate donor (non-voting), 5,000- 8,999 -any company or organization that contributes the prescribed annual dues but not an amount needed to qualify as a corporate member. 5. Corporate contributor (non-voting), 1,500 - 4,999 - any company or organization that contributes annual dues but not an amount needed to qualify as a corporate donor. Individual foundation memberships: 1. Individual benefactor (voting), 10,000 - any individual who establishes a named scholarship fund of 10,000 or more and who contributes the prescribed annual dues of 1,000 or more. 2. Individual patron (voting), 1,000 - any individual who contributes the prescribed annual dues of 1,000 or more but has not established a named scholarship fund. 3. Individual life member (voting) - any individual who has received the hall of fame award. 4. Individual member (non-voting), 50 - any individual who contributes the prescribed annual dues of 50 or more. 5. Alumni member (non-voting), 50 - any individual who has graduated from the paper programs of the department of chemical and paper engineering and who contributes the prescribed annual dues of 50 or more. 6. Student member (non-voting), 10 - any student in the paper programs of the department of chemical and paper engineering who contributes the prescribed ts'ai lun semester dues.”

“The members are approved for membership by the governance committee, based on the membership classifications. Members elect the board of trustees officers at the annual meeting of the foundation. Members may remove from office any trustee or officer elected by or appointed and elect or appoint his/her successor.”

“The board of trustees shall have the power to establish the dues payable for membership in the foundation. A report of the board of trustees' activity shall be submitted to the members at the annual meeting. The foundation is subject to the approval of and review by the western michigan university board of trustees per its by-laws.”

“The form 990 is reviewed by the foundations officers and trustees prior to filing the return.”

“The board chair is to be informed in writing of any conflicts annually. The ability to participate in the discussion and or vote on any issue under conflict depends on the nature and extent of the relationship.”

“Governing documents are available upon request.”