Charitable Contribution Clause Samples

Charitable Contribution. Prior to the Effective Time, with the consent of Kroger, Fred Meyer may make a charitable donation of up to a total of $20,000,000 to The Fred Meyer Foundation and the Ralphs/Food 4 Less Foundation (the "Charitable Contribution"). To the extent the Charitable Contribution is not made in full prior to the Effective Time, the balance of the Charitable Contribution will be made by Kroger within seven years of the Effective Time. Other than the Charitable Contribution, prior to the Effective Time, neither Fred Meyer nor its Subsidiaries shall make any charitable contribution other than in the ordinary course of business consistent with past practice.

Charitable Contribution. After all payments pursuant to paragraphs 67(a)- 67(d) are made, to the extent the Administrator determines that any funds remaining in the Common Fund are administratively infeasible and unreasonable to redistribute, the Parties will ask the Court that any funds remaining in the Common Fund be donated to a qualified charity agreed to by the Parties.

Charitable Contribution. CKP, at its sole discretion, agrees to make a charitable contribution to a charity of [Professional Boxer]'s choice.

Charitable Contribution. If there are any residual Unclaimed Distributions or De Minimis Distributions (as defined in Article 6.17 below) at the time of the dissolution of the Liquidating Trust, such residual Unclaimed Distributions and De Minimis Distributions shall be donated to a charitable organization as selected by the Liquidating Trustee with the approval of the Liquidating Trust Advisory Board, free of any restrictions thereon and notwithstanding any federal or state escheat laws to the contrary.

Charitable Contribution. Entertainment has voluntarily and independently pledged to make the following charitable contributions to the Unified Government so long as Entertainment is the Lottery Gaming Facility Manager for the Northeast Zone and the Gaming Facility is substantially open to the public for business: (i) annual contributions of Five Hundred Thousand and no/100 Dollars ($500,000.00) to be distributed by the Unified Government to the three non- host school districts pursuant to a yet uncompleted interlocal Agreement or formula decided upon by the Unified Government; (ii) annual contributions of Five Hundred Thousand and no/100 Dollars ($500,000.00) to fund Wyandotte County social services and charitable community activities (while these funds are to be dispersed at the Unified Government’s sole discretion, Entertainment urges and supports that each year $50,000 of such annual contribution be allocated to Dotte Promise); (iii) annual contributions of One Hundred Thousand and no/100 Dollars ($100,000.00) for use by the Unified Government Parks and Recreation division; (iv) annual contributions of Twenty- five Thousand and n0/100 Dollars ($25,000.00) to be distributed to CVB; and (v) an annual contribution of Ten Thousand and no/100 Dollars ($10,000.00) to the Wyandotte County ▇▇▇▇▇▇▇▇ of Commerce, to be allocated and distributed by Entertainment as follows: Four Thousand and no/100 Dollars ($4,000.00) to the Kansas City Kansas Area Chamber of Commerce; One Thousand Five Hundred and no/100 Dollars ($1,500.00) to the ▇▇▇▇▇▇ Springs Edwardsville Area Chamber of Commerce; One Thousand Five Hundred and no/100 Dollars ($1,500.00) to KBCC, Inc. - A Kansas Black Chamber of Commerce; One Thousand and no/100 Dollars ($1,000.00) to the Women’s Chamber of Commerce of KCK; One Thousand and no/100 Dollars ($1,000.00) to the Asian-American Chamber of Commerce of Kansas City and One Thousand and no/100 Dollars ($1,000.00) to the Hispanic Chamber of Commerce. Notwithstanding the designation of the agencies and other organizations intended to benefit from said charitable contributions described in the preceding sentence, Entertainment consents to the Unified Government, in its sole discretion, using the charitable contributions described in this Section to reimburse the Unified Government for the cost of the southern portion of Village West Parkway (Southeast Loop Road). The funds used by Entertainment to make any and all voluntary contributions described in this Section and in Section 7.0...

Charitable Contribution. 12.1 Within thirty (30) days of the Effective Date, Terminix shall make a donation of $1,000,000.00 to the Auburn University College of Agriculture, Department of Entomology and Plant Pathology (“Auburn”), which shall be used to establish an endowment for the purpose of furthering teaching, research, and related public service missions pertaining to Formosan termites, their biology, the control thereof, and related academic pursuits. 12.2 The donation outlined in this section shall be managed by the Endowment Investment Office of Auburn University in accordance with applicable university guidelines for charitable donations of this kind. 12.3 Terminix will cooperate with the ADAI and its designee(s) to assist Auburn in identifying productive, practical, and educational uses of the donation outlined in this section, with a focus on teaching and research efforts that will benefit areas of Alabama that are subject to unusual Formosan termite pressure, i.e., Mobile County, ▇▇▇▇▇▇▇ County, and those areas serviced by the Terminix Office in Monroeville, Alabama.

Charitable Contribution. Promptly after the Effective Time, Buyer shall make a contribution in the amount of $100,000 to an organization that (i) is designated in writing by Company prior to the Closing, with the approval of the Board of Directors of Company and (ii) qualifies as a tax-exempt organization under tax-exempt under Section 501(c)(3) of Code (the “Charitable Contribution”).

Charitable Contribution. In addition to any benefits that may be payable to Employee on death pursuant to this Agreement, Employer shall make a charitable gift at the time of Employee's death to the charity elected by Employee in the amount of Five Hundred Thousand Dollars ($500,000). However, such amount shall be reduced if Employee terminates employment under the terms of Paragraph 2 prior to attaining age sixty (60) by twenty percent (20%) for each complete twelve (12) month period between the retirement date and the date that Employee attains age sixty (60). The charity selected by Employee shall be a registered public charity, university or other organization approved by Employer (which approval shall not be unreasonably withheld) and to which contributions are tax deductible to Employer for federal income tax purposes.

Charitable Contribution. The Grantor acknowledges that the Grant Funds are being provided to the Nonprofit as a charitable contribution intended to qualify for federal income tax purposes under Section 170(c) of the Internal Revenue Code. The Nonprofit will provide the Grantor with a written acknowledgment of the contribution in compliance with Section 170(f)(8) of the Internal Revenue Code and Treasury Regulation §1.170A-13(f). This acknowledgment will include a statement that no goods or services were provided in return for the contribution, as required under IRS Publication 1771 and Treasury Regulation §1.170A-13(f)(2). The letter will also remind the Grantor that it is their responsibility to consult with their own tax advisors regarding the deductibility and tax treatment of the contribution.