Charitable Deductions. It is intended that the Community Foundation qualify as a public charity described in Section 501(c)(3) of the Internal Revenue Code, contributions to which are deductible for income, gift, and estate tax purposes. This Agreement shall be construed and applied so as to comply with the requirements of federal tax law for allowance of such charitable deductions and for such qualifications.
Appears in 3 contracts
Sources: Field of Interest Fund Agreement, Scholarship Fund Agreement, Designated Fund Agreement