Common use of NOT A SEPARATE TRUST Clause in Contracts

NOT A SEPARATE TRUST. The Fund shall be a component part of the Legacy Foundation. All money and property in the Fund shall be held as general assets of the Legacy Foundation and not segregated as trust property of a separate trust.

Appears in 11 contracts

Sources: Advised Charitable Organization Nonpermanent Fund Agreement, Scholarship Endowment Fund Agreement, Donor Advised Fund Agreement

NOT A SEPARATE TRUST. The Fund shall be a component part of the Legacy Foundation. All money and property in the Fund shall be held as general assets of the Legacy Foundation and not segregated as trust property of a separate trust.

Appears in 5 contracts

Sources: Advised Scholarship Endowment Fund Agreement, Discretionary Scholarship Endowment Fund Agreement, Donor Advised Endowment Fund Agreement