Alice Teater Trust 20064500

The trust was a revocable family trust created during the lifetime of the grantors, alice p & arthur s. Teater on april 12, 1982. Upon the death of the survivor of them (alice p. Teater) on march 23, 2003, the trust became irrevocable. The trust stipulates that it shall be distributed to or for the benefit of the humane society of central oregon and the humane society of redmond (brightside), both of which are organizations qualified as tax exempt under section 501(c)(3) of the internal revenue code. The trust's sole activity is to hold investment property for the benefit of the two described charities. The trust will not engage in any fund raising or directly perform any charitable function other than making distributions to the two charities. The trust will distribute all of its net income annually to the two charities and shall make distributions of principal to the charitable beneficiaries every five years and will be terminated no later than march 24,2023.