Fund Advisors. Advisors other than the Donor may be appointed for the purpose of making recommendations and giving advice to the Foundation regarding the administration and distribution of the Fund’s assets (“Grants”). The Advisors for the Fund are: Name: Email: Name: Email: If Advisors other than the Donor and Xxxxx’s Spouse are named, any two of the Advisors so named shall be authorized to advise the Foundation on behalf of Fund. The Donor is encouraged to write a mission statement for the fund in order to communicate strategy and intent for gifts from the fund. In addition, the Donor may wish to place restrictions on or make recommendations to the Fund Advisors. Those instructions and the mission statement should be listed on Schedule A of this agreement, Donors Instructions and Recommendations / Mission Statement. After the Donor’s and/or Xxxxx’s Spouse’s lifetimes(s), (please check "one"): The balance of the fund will be distributed to the non-profits recommended on Schedule A (“Designated Beneficiaries”) Successor Advisors for the fund will be The fund will become an endowed Legacy Fund (please complete the separate agreement for a CCF Legacy Fund). If none of the above alternatives are selected, the Foundation’s Board of Directors will become the Advisors after the Donor’s lifetime and dispense the balance of the fund in accordance with the Mission Statement or Instructions shown on Schedule A. From time to time, the Donor may amend any portions of Section 4 of this Agreement by stating this in writing and sending it to the office of the Foundation. Donor and Advisor(s) understand that the Foundation will not approve grants recommended by the Fund Advisors that would be used for a purpose not permitted by the Internal Revenue Service. Such purposes include, but are not limited to pledges, dues or membership fees, tickets, political contributions, or any purpose that confers a benefit to any individual such as tuition payments. The Foundation requests a minimum grant recommendation of $50.
Fund Advisors. The Fund Advisors shall be the then serving , and of the Charitable Organization. Grant recommendations for the fund and modifications of the selected investment option require approval of (please select one of the two options below): One Fund Advisor. Two Fund Advisors. Fund Advisor 1 Salutation First Name Middle Name/Initial Last Name Suffix Nickname Position with Charitable Organization Home Address City State ZIP Business Position Business Address City State ZIP Home Phone Send Statements: Send Mailings: Mobile Phone To Home To Home Business Phone Preferred Email Address Via Email Via Email To Business To Business Do Not Send Statements Do Not Send Mailings SECTION FIVE CONTINUED: Fund Advisors Fund Advisor 2 Salutation First Name Middle Name/Initial Last Name Suffix Nickname Position with Charitable Organization Home Address City State ZIP Business Position Business Address City State ZIP Home Phone Mobile Phone Business Phone Preferred Email Address Send Statements: Via Email To Home To Business Do Not Send Statements Send Mailings: Via Email To Home To Business Do Not Send Mailings Fund Advisor 3 Salutation First Name Middle Name/Initial Last Name Suffix Nickname Position with Charitable Organization Home Address City State ZIP Business Position Send Statements: Via Email To Home To Business Do Not Send Statements Send Mailings: Via Email To Home To Business Do Not Send Mailings Business Address City State ZIP Home Phone Mobile Phone Business Phone Preferred Email Address SECTION SIX: Distributions Please select either Non-Endowed or Endowed: Non-Endowed - The fund is fully expendable and intended to be used for current funding needs with no restrictions on the amount of distributions. Check below only if applicable. No distributions shall be made unless the fund balance exceeds $ . Endowed - Distributions shall be made in accordance with the Foundation’s applicable spending policy with the intent to ensure a permanent endowment, with the following available optional conditions. Check below only if applicable. No distributions shall be made unless the fund balance exceeds $ . Additional distributions may be made to either acquire or renovate a capital asset, meet urgent unexpected financial needs that are unlikely to recur, or for other specific purpose as follows: Grants requested for these purposes are Subject to Not subject to to any minimum fund balance.
Fund Advisors. The Foundation acknowledges that the persons listed in Addendum A of this Agreement shall have authority to make recommendations for grants from the Fund. The Donor may name one or more Successor Advisors to the Fund to act upon the death, resignation, refusal, removal, or inability to act of the last named Advisor(s). At any time that the Fund has multiple Advisors, the Fund Advisors shall select a Lead Advisor who will transmit grant recommendations to the Foundation. It is understood that in the event that no Advisor is able and willing to act, the Foundation’s Board of Directors shall make decisions without an Advisor in accordance with its “Inactive Fund Policy”.
Fund Advisors. The advisors of the Fund shall be the Club’s Directors. Annually, the Club’s Directors shall designate two persons as signatories who shall be authorized to make disbursement requests and to contact the Foundation for other purposes. The Club may request distributions from its Fund with all requests being subject to the Foundation’s approval.
Fund Advisors a. The Donors will serve as initial Fund Advisors.
Fund Advisors. A scholarship advisory Committee may advise the Foundation by copy of Committee meeting minutes from time to time on the distribution of the Fund. The Committee shall unanimously ratify and notify the Foundation in writing of the spokesperson who shall communicate on its behalf. The Foundation may rely upon such notification until changed by written notice executed by a majority of the members of the Committee, and shall not be obligated to consider advice without the designation of such a spokesperson. The Committee shall be composed of: Name Name Name Name The Donor is encouraged to write a mission statement for the fund in order to communicate strategy and intent for gifts from the fund. In addition, the Donor may wish to place make recommendations to the Committee. Those instructions and the mission statement should be listed on Schedule A of this agreement, Donors Instructions and Recommendations / Mission Statement.
Fund Advisors. Advisors other than the Donor may be appointed for the purpose of making recommendations and giving advice to the Foundation regarding the administration and distribution of the Fund’s assets (“Grants”). The Advisors for the Fund are (please name at least two Advisors): Name Signature Name Signature Name Signature Any two of the Advisors so named shall be authorized to advise the Foundation on behalf of Fund. If the Donor wishes to place restrictions on or make recommendations to the Fund Advisors, those instructions should be listed on a schedule A of this agreement, Donors Instructions and Recommendations. The Advisors may be changed from time to time by the Donor by stating this in writing and sending it to the office of the Foundation. Donor and Advisor(s) understand that the Foundation will not approve distributions recommended by the Fund Advisors that would be used for a purpose not permitted by the Internal Revenue Service. Such purposes include, but are not limited to pledges, dues or membership fees, tickets, political contributions, or any purpose that confers a benefit to any individual such as tuition payments. The Foundation requests a minimum grant recommendation of $100.
Fund Advisors. Advisors to the Fund will be appointed annually by the Community Foundation Board of Governors (hereinafter "Advisors"). Advisors will be appointed for the purpose of making recommendations to and giving advice and counsel to said Board, and with their advice and counsel the Board shall make distributions from the Fund and oversee the administration of the Fund.
Fund Advisors. An Advisor is a person currently authorized to recommend grants from the above- established Fund. If more than one Advisor is named, grant recommendations will be coordinated through the Lead Advisor and then submitted to the Charity. Any Advisor may recommend to the Lead Advisor distributions from the Fund. Donor or Initial Lead Advisor: First Name Middle Name or Initial Last Name Suffix Preferred Name or Nickname (if different than first name) Date of Birth City Address Home Work City State Zip Code Phone Home Work Cell Email Address Additional Advisors: First Name Middle Name or Initial Last Name Suffix Preferred Name or Nickname (if different than first name) Date of Birth City Address Home Work City State Zip Code Phone Home Work Cell Email Address First Name Middle Name or Initial Last Name Suffix Preferred Name or Nickname (if different than first name) Date of Birth City Address Home Work City State Zip Code Phone Home Work Cell Email Address First Name Middle Name or Initial Last Name Suffix Preferred Name or Nickname (if different than first name) Date of Birth City Address Home Work City State Zip Code Phone Home Work Cell Email Address
Fund Advisors. Fund Advisors should make grant recommendations in amounts of $500 or more. While the Donors are living and legally competent, the Donors may jointly agree to appoint or remove one or more Fund Advisors. In the event that one Donor dies or is legally incompetent, the remaining Donor may continue to appoint or remove Fund Advisors. Notice of any removal or appointment with respect to Fund Advisors shall be delivered by the Donors or the remaining Donor in writing to the Foundation. The Fund shall cease to be a donor advised fund when the Donors, and all Fund Advisors appointed by the Donors, have died, resigned, or become unable to act, or failed to reply to the Foundation’s inquiries regarding Fund activity for a period of two or more years.
