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The Fran Skinner Memorial Matching Fund

About the Fund

This fund was created in 1991 to assist WFC Member-Owners to purchase the required amount of equity stock when that purchase would pose financial hardship. In 1994, WFC's Board approved a name change for the fund in honor of one of our founding members, Fran Skinner.

Fund Eligibility

$20 of Class A voting stock must be purchased by every Member-Owner. Voting privileges and membership benefits begin with the purchase of voting stock and remain in effect for two years. Members are encouraged to pay what they can toward the remaining $80 equity stock requirement during that two-year period – even $1.00 each month or $0.25 each week.

Eligibility will be determined by:

• the amount of money in the fund account
• family size
• income
• the date on which membership expires

Applicants who submit this form (.doc file) more than two months prior to the expiration date of their membership will be asked to recertify their income and family size at the time the application is considered by the Board.

FUnd Restrictions

Member-Owners with fund equity who choose to terminate membership will receive only the amount of stock equal to their individual investment subject to any indebtedness owed to WFC. Fund stock is returned to the fund. Fund stock is not transferable. All other benefits and responsibilities of WFC membership are the same for Member-Owners with fund stock. Fund applications are not considered until final equity payments come due.

Fund Donations

WFC encourages donations to the Fran Skinner Memorial Matching Fund. Donations are maintained in a separate, interest-bearing account until distributed. Cash donations in any amount may be made at Customer Service. New Member-Owners may donate to the fund when they join. Profits from WFC special projects and fundraisers may be designated for this fund. Member-Owners who are terminating their membership may donate all or part of their stock to the fund.

About Fran

Fran was one of the WFC's founding members in 1970. She served several terms on WFC's Board of Directors, facilitated countless membership meetings, helped manage the Co-op from 1974 to 1988 and served on the inventory crew from 1974 to 1994. Fran's dedication to this community, to WFC and to the cooperative principles on which this store was founded (including open membership) makes this memorial very natural. We greatly appreciate Fran's contributions and dedicated years of service to WFC.

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