Endowment Fund Clause Samples
An Endowment Fund clause establishes the creation and management of a dedicated pool of assets, typically intended to generate income for a specific purpose over the long term. This clause outlines how the fund is to be invested, who manages it, and the rules for distributing income or principal, such as supporting a charitable organization or funding scholarships. Its core practical function is to ensure the sustainability and proper stewardship of donated assets, providing ongoing financial support while preserving the principal for future use.
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Endowment Fund. Within one hundred and twenty (120) days of the Effective Date, MTMUS (and any other Toyota Entities and Mazda Entities that may contribute) will establish and make a combined contribution of a total of Four Million Dollars ($4,000,000.00) to an Endowment Fund to be used for the purpose of protecting the spring pygmy sunfish and restoring its habitat through certain mitigation, enhancement, research, and restorative activities (“Endowment Fund”), which activities are expressly listed in Section 2.4(d) (“Designated Endowment Fund Activities”). The Endowment Fund shall be a designated restricted account held and managed by a DESIGNATED ENDOWMENT FUND ENTITY to be held and maintained separately from other DESIGNATED ENDOWMENT FUND ENTITY endowment accounts. A designated Fund Administrator shall be the responsible for administering the Endowment Fund account.
Endowment Fund. The term ‘‘endowment fund’’ means a fund, or a tax-exempt foundation, established and maintained by the ▇▇▇▇▇ ▇▇▇▇▇▇ National Cen- ter for the purpose of generating income for the support of the Center.
Endowment Fund. The CITY and the DISTRICT shall request the Mahaska Community Development Group (or its successor) to establish an endowment fund for the benefit of the early childhood and recreation center which endowment fund shall be available for capital expenditures or operational expenses when other revenues or funds available are insufficient to meet the needs of the center. The decision to expend funds from the endowment fund shall be made by the Advisory Committee (established in Paragraph 18 hereof) in consultation with the Operator.
Endowment Fund. By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ------------------------------------ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: Agent & Attorney-in-fact THE ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ FOUNDATION By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ------------------------------------ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: Agent & Attorney-in-fact THE RAISER MARITAL TRUST By /s/ ▇▇▇▇ ▇▇▇▇▇▇▇, Jr. ------------------------------------ Name: ▇▇▇▇ ▇▇▇▇▇▇▇, Jr. Title: Principal, ▇▇▇▇ ▇▇▇▇▇ Capital VAN LOBEN SELS FOUNDATION By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ------------------------------------ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: Agent & Attorney-in-fact ▇▇▇▇▇▇ INVESTMENT GROUP LTD. LLC By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ------------------------------------ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: Agent & Attorney-in-fact ▇▇▇▇▇▇ OTOLOGIC PROFIT SHARING TRUST By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ------------------------------------ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: Agent & Attorney-in-fact ▇▇▇▇▇ FAMILY LLC By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ------------------------------------ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: Agent & Attorney-in-fact /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ------------------------------------ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ QUANTUM INDUSTRIAL PARTNERS LDC By /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ ------------------------------------ Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ Title: Attorney-In-Fact TRUSTEES OF AMHERST COLLEGE By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ------------------------------------ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: Agent & Attorney-in-fact CITY OF MILFORD PENSION & RETIREMENT FUND By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ------------------------------------ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: Agent & Attorney-in-fact PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ------------------------------------ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: Agent & Attorney-in-fact SCHEDULE 1 NAMES AND ADDRESSES OF EXISTING INVESTORS ▇.▇. ▇▇▇▇▇▇▇ & Co. ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ 1990 Equity Fund, L.P. ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Greylock Limited Partnership ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇ Venture Capital Associates, L.P. c/o Chase Capital Partners ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Highland Capital Partners II Limited Partnership ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Canaan Ventures II Offshore C.V. ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇▇ ▇. ▇▇▇▇ Canaan Ventures II Limited Partnership ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ Ventures ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇-...
Endowment Fund. Participation in the Endowment Fund is available to teachers through payroll deduction.
Endowment Fund. Developing and implementing legal, financial and admini- strative mechanisms necessary for the establishment of an endowment fund designed to finance the recurrent costs of managing the Project Area following the completion of the Project. The Project is expected to be completed by June 30, 1998. Procurement and Consultants’ Services Section I. Procurement of Goods and Works
Endowment Fund. The Endowment Fund is a fund wherein the principle amount of the gift is used to generate gains which are distributed annually for the purpose of enhancing the mission and outreach of the ELCA and Spirit of Hope Lutheran Church through special projects and activities. Monies received into this fund are invested in one or more funds with the Mission Investment Fund. Annual distributions (net income) from the Endowment Fund are distributed for the following projects and activities: ○ Outreach into the Spirit of Hope community for special programs designed to help those in spiritual, social, and/or economic need.
Endowment Fund. Create a long-term sustainable source of funding for the delivery of voluntary and community sector infrastructure services and the Council for Voluntary Service functions for ▇▇▇▇▇▇ Keynes. This work will include: Setting Up Groups, Governance Support, Funding Advice, Representation, Training, Information gathering and provision, Networking, Collaboration, Volunteer recruitment and management advice, and involvement in Strategic Issues that affect the Voluntary Sector and Communities in ▇▇▇▇▇▇ Keynes. The criteria of the original funds have been set by MKC as the fundholders (donor), the criteria of this funding is focussed on Voluntary Sector Infrastructure Support and Community Development work. If for any reason, there is a need to vary the criteria for either fund, a twelve week consultation period will commence. MKCF will consult with CAMK on any potential changes as and when they occur and during the consultation period CAMK will be involved in any discussions with MKC which may result in a change of criteria. Other Donors outside of MKC, who wish to contribute to the fund, may do so.
Endowment Fund a. Endowment Fund Management
1) The Endowment Principal amount should not decrease in value through expenditure or investment strategy. The Endowment Principal amount is intended to increase in value to keep up with inflation. Therefore a portion of the interest and earnings on the Endowment Principal balance shall be reinvested into the Endowment Fund as required to adjust the Endowment Principal using the same CPI adjustment formula as set forth in Section
Endowment Fund. The Endowment Fund is initially transferred with a value of £1,000,000.00 and this will be grown by MK Community Foundation. Access to the endowment fund is via the production of an annual service plan which evidences the work carried out in the previous year and forward plans that met the criteria of the fund.