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Fair Market Value of Donations
  Business Day
Asset Type Day 1 Day 2 Day 3 Day 4 Day 5
Stock Asset is sold as quickly as possible Trade in settlement Trade in settlement Trade settles & proceeds move to Program's money market account Proceeds exchanged for TerraTundra / Terra mutual funds
Mutual Fund held outside Terra Asset is sold Trade in settlement Trade settles & proceeds move to Program's money market account Proceeds exchanged for TerraTundra / Terra mutual funds  
Terra / TerraTundra mutual funds Asset sold only if the proceeds are to be exchanged for other Terra/TerraTundra mutual fund If applicable, redemption fee is processed as adjustment on TerraTundra Donor-Advised account      
Terra Flow-Through LP Asset is transferred to TerraTundra Foundation via TerraTundra Dividend Growth Fund        

Notes:
1. This schedule will apply in most cases, but may vary with restricted stock and thinly traded securities.
2. If a stock is thinly traded, it may not be feasible to sell all shares on the same day. TerraTundra Foundation will use its discretion to sell thinly traded securities as quickly as possible without significantly impacting the market price of the security. Thinly traded securities must be pre-approved by TerraTundra Foundation before they are contributed. There is no definitive timeline for restricted stock, as processing depends on the cooperation of the transfer agent as well as the company that issues the shares.
3. Outside mutual funds and mutual funds can take between one and three days to settle. The settlement period is specific to the fund and is determined by the fund company.
4. Any interest earned in the money market account is used to offset Program expenses.
5. Donated assets and the corresponding paperwork must be received in good order.
 
 
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