Legacy Foundation definition
Examples of Legacy Foundation in a sentence
The receipts and disbursements of the Fund shall be accounted for separately and apart from those of other gifts to the Legacy Foundation.
Those costs and expenses charged against the Fund shall be determined in accordance with the then current fee schedule identified by the Legacy Foundation as applicable to funds of this type, as such schedule may be amended by the Legacy Foundation from time to time.
Any costs and expenses incurred by the Legacy Foundation in accepting, transferring, or managing property donated to the Legacy Foundation for the Fund, including without limitation the Legacy Foundation’s costs and expenses (including reasonable attorneys fees) of any claim or proceeding with respect to the Fund in which the Legacy Foundation is prevailing party, also shall be paid from the Fund.
It is understood and agreed that the Fund shall share a fair portion of the total investment and administrative costs and expenses 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.
The 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 the Legacy Foundation’s general assets.
Donors and the Legacy Foundation, by a duly authorized officer, have executed this Agreement as of the day and year first above written.
Notwithstanding anything herein to the contrary, the Legacy Foundation shall hold and administer the Fund, and all contributions and assets allocable to the Fund, subject to the provisions of applicable law and the Legacy Foundation’s Articles of Incorporation and Bylaws, as amended from time to time.
Donors and Legacy Foundation, by a duly authorized officer, have executed this Agreement as of the day and year first above written.
All money and property in the Fund shall be held as general assets of Legacy Foundation and not segregated as trust property of a separate trust.