Income available for distribution from the Fund will be disbursed annually to either or both of Community Futures Development Corporation of the Shuswap (“Community Futures”) and/or Salmon Arm Economic Development Society (the “Economic Development Society”) or the successor or successors of either or both. Such disbursement will be made upon receipt of a written proposal or proposals, suitable to the Foundation, from Community Futures and/or the Economic Development Society and will be utilized to encourage and support entrepreneurial initiatives, including business start-ups or the expansion of existing businesses, which will create employment opportunities and otherwise benefit residents of the Shuswap area.