Common use of Fund Assets Clause in Contracts

Fund Assets. It is understood and agreed by all parties that all assets contributed to the Fund shall become an irrevocable gift to the Foundation and legal control and responsibility for the Fund rests with the Foundation. In carrying out such responsibilities, the Foundation shall hold, manage, invest, and reinvest the Fund, and shall collect the income and shall pay and disburse monies from the Fund for public, educational and charitable uses and purposes.

Fund Assets. It is understood and agreed to by all parties that all assets contributed to the Fund shall become an irrevocable gift to the Foundation and legal control and responsibility for the Fund rests with the Foundation. In carrying out such responsibilities, the Foundation shall hold, manage, invest, and reinvest the Fund, and shall collect the income and shall pay and disburse monies moneys from the Fund for public, educational education and charitable uses and purposes.

Fund Assets. It is understood and agreed by all parties that all assets contributed to the Fund shall become an irrevocable gift to the Foundation and legal control and responsibility for the Fund rests with the Foundation. In carrying out such responsibilities, the Foundation shall hold, manage, invest, and reinvest the Fund, and shall collect the income and shall pay and disburse monies from the Fund for public, educational to the Designated Agency in accordance with this Agreement and charitable uses and purposesthe policies of the Foundation.

Fund Assets. It is understood and agreed by all parties that all assets contributed to the Fund shall become an irrevocable gift to the Foundation and legal control and responsibility for the Fund rests with the Foundation. In carrying out such responsibilities, the Foundation shall will hold, manage, invest, manage and invest and reinvest the Fund, and shall will collect the income and shall pay and disburse monies from the Fund for public, educational and charitable uses and its designated purposes.

Fund Assets. a. It is understood and agreed by all parties that all assets contributed to the Fund shall become an irrevocable a tax-deductible gift to the Foundation and legal control and responsibility for the Fund rests with the Foundation. In carrying out such responsibilities, the Foundation shall hold, manage, invest, and reinvest the Fund, and shall collect the income and shall pay and disburse monies from the Fund for public, educational and charitable uses and purposes.