Inactive Funds. The Foundation encourages the Primary Advisor(s) to maintain an active role with the Fund. In order to carry out its mandate of distributing charitable dollars to the community, the Foundation shall annually review the Fund’s activity. Should the Fund have no activity (e.g., contributions, grants, or inter-fund transfers) for more than two years, the Foundation will attempt to contact the Fund’s Primary Advisor(s), professional advisor(s) (if any), and/or other named advisor(s). If the Fund remains inactive for another year following the Foundation’s notice of inactivity (for a total of three years of inactivity), the Fund may be closed and the Foundation may follow the instructions for disposition of Fund assets as indicated in this Agreement.
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Sources: Donor Advised Fund Agreement, Donor Advised Fund Agreement