Common use of INACTIVE DONOR ADVISED FUNDS Clause in Contracts

INACTIVE DONOR ADVISED FUNDS. In order for the Community Foundation to carry out its mandate to distribute charitable dollars into the community, the Community Foundation periodically monitors fund activity. If the donor advisor has not made a grant recommendation for a two year period, the Community Foundation will contact the advisor(s) to discuss a mutually agreed upon distribution plan to be implemented within a one-year timeframe. If the donor advisor has not made a grant recommendation within a three year period, the Community Foundation will have the option to allocate the amount available for spending from the fund to unrestricted use. 12. 13. 14. 15.

INACTIVE DONOR ADVISED FUNDS. In order for the Community Foundation to carry out its mandate to distribute charitable dollars into the community, the Community Foundation periodically monitors fund activity. If the donor donor-advisor has not made a grant recommendation for a two year period, the Community Foundation will contact the advisor(s) to discuss a mutually agreed upon distribution plan to be implemented within a one-year timeframe. If the donor donor-advisor has not made a grant recommendation within a three year period, the Community Foundation will have the option to allocate the amount available for spending from the fund to unrestricted use. 12. 13. 14. 15.

INACTIVE DONOR ADVISED FUNDS. In order for the Community Foundation to carry out its mandate to distribute charitable dollars into the community, the Community Foundation periodically monitors fund activity. If the donor donor-advisor has not made a grant recommendation for a two year period, the Community Foundation will contact the advisor(s) to discuss a mutually agreed upon distribution plan to be implemented within a one-year timeframe. If the donor donor-advisor has not made a grant recommendation within a three year period, the Community Foundation will have the option to allocate the amount available for spending from the fund to unrestricted use. 12. 13. 14. 15.