Common use of Minimum Funding Clause in Contracts

Minimum Funding. The minimum gift amount required to fully endow the Fund, not including any investment returns earned thereon, shall be Five Million Dollars ($5,000,000). If, five years after the Donors’ first Pledge payment is received, total gifts received into the Fund are less than Five Million Dollars ($5,000,000), the Fund may be transferred to and merged with an existing endowment or other fund at the University whose purpose will most nearly accomplish the purpose described in paragraph 4 above.