PURSUANT TO THE IRC SEC. 4942(H)(2) AND REG. 53.4942(A)-3(D)(2), THE SILICON VALLEY BANK FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFIYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AND THE AMOUNT NEEDED TO SATISFY THE CURRENT YEAR DISTRIBUTION REQUIREMENTS AS BEING MADE OUT OF COURPUS.