INVESTMENT OF FUND ASSETS. The Community Foundation shall have all powers necessary, or in its judgment desirable, to carry out the purposes of the Fund including, but not limited to, the power to retain, invest, and reinvest the assets of the Fund and the power to commingle the assets of the Fund for investment purposes with those of other funds or the Community Foundation’s general assets. Funds may be invested in uninsured securities and are subject to investment risks that may result in loss of value.
INVESTMENT OF FUND ASSETS. The Foundation shall hold, manage, invest and reinvest the assets of the Fund (including principal, interest, dividends, capital appreciation, and any undistributed income) as part of the Foundation’s investment portfolio consistent with the Foundation’s investment policy. The Foundation does not guarantee that the Fund will earn any particular rate of return. The Foundation shall not be liable for any diminution in the value of the Fund, including, but not limited to any losses that may result from the investment of the fund.
INVESTMENT OF FUND ASSETS. TGKVF is authorized in its discretion to invest all or any part of the Fund in securities or in other kinds of property, real or personal, in accordance with its investment policies as established from time to time and without regard to any statute or law now or hereafter in force in the State of West Virginia restricting investments made by fiduciaries. For investment purposes, the assets of the Fund may be commingled with other assets and funds of TGKVF, subject to the maintenance of appropriate accounting records with respect to the principal and income of the Fund.
INVESTMENT OF FUND ASSETS. Legacy Foundation shall have all powers necessary, or in its judgment desirable, to carry out the purposes of the Fund including, but not limited to, the power to retain, invest, and reinvest the assets of the Fund and the power to commingle the assets of the Fund for investment purposes with those of other funds or Legacy Foundation’s general assets. Funds may be invested in uninsured securities and are subject to investment risks that may result in loss of value.
INVESTMENT OF FUND ASSETS. IRS regulations permit Fund Advisor(s), including the Founder, to indicate investment preferences for the fund; however, CFAAC retains final discretion regarding the investment of the fund. The undersigned understand that investments will be administered in accordance with CFAAC’s Investment Policy Statement as revised from time to time by its Board of Trustees. The undersigned acknowledge that investments are subject to the risk of market and interest rate fluctuation, and that any investment gain or loss generated will be credited or charged to the fund. The total investment return of each investment vehicle is net of its operating expenses. Please note that all endowed (permanent) funds will be invested using the Long-Term Growth investment option. Information on these options may be found in the Fund Policies and Procedures in this agreement.
INVESTMENT OF FUND ASSETS. The Fund assets, while accounted for separately, may be commingled with other Community Foundation assets for investment purposes.
