Common use of Foundation’s Responsibilities Clause in Contracts

Foundation’s Responsibilities. 4.1.1 Foundation shall have the responsibility and associated authority, to: (i) prepare a budget; (ii) perform the services set forth herein; (iii) manage any third party for the renovation and maintenance of District’s buildings; (iv) assist District in the purchase, lease or rental of furniture, equipment and supplies; (v) support District in raising funds, donations or grants of any kind in accordance with such conditions prescribed by the donor as are consistent with law and not contrary to any of the terms of this Agreement. Any funds, donations or grants that are obtained by Foundation for Foundation, not raised directly on behalf of District, shall remain Foundation property whether or not Foundation expends said funds, donations or grants for the benefit of District; (vi) perform or subcontract the business administration of District; (vii) establish and conduct an educational program and curriculum for District provided for herein;