Distribution Amounts. TGKVF shall periodically distribute up to the amount of the Fund’s annual net income and any amount permitted to be distributed in accordance with TGKVF’s and the Foundation’s Common Governing Instruments and West Virginia law, including without limitation, the West Virginia Prudent Management of Institutional Funds Act, as the same may be amended from time to time. In addition, if the Donor has designated above that distributions are permitted to be made from principal, TGKVF is also permitted to make one or more distributions up to the specified percentage of principal.
Appears in 3 contracts
Samples: Advised Fund Agreement, Advised Fund Agreement, Donor Designated Fund Agreement
Distribution Amounts. TGKVF shall periodically distribute up to the amount of the Fund’s annual net income and any amount permitted to be distributed in accordance with TGKVF’s Policies and the Foundation’s Common Governing Instruments Procedures and West Virginia law, including without limitation, the West Virginia Prudent Management of Institutional Funds Act, as the same may be amended from time to time. In addition, if the Donor has designated above that distributions are permitted to be made from principal, TGKVF is also permitted to make one or more distributions up to the specified percentage of principal.
Appears in 3 contracts
Samples: Designated Fund Agreement, Advised Fund Agreement, Scholarship Fund Agreement
