Spending Policy definition

Spending Policy means the policy by which the annual flow of funds from the Funds to the operating budget of StFX is determined, as set out in Section IX of this SIP&P.
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Spending Policy. The spending policy of the Fund shall reflect the policy set forth in the Purpose above, if any, otherwise the spending policy of the Endowment shall reflect the spending policy of the Foundation and or its parent entity as it may be amended from time to time.
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Examples of Spending Policy in a sentence

  • Endowment funds are subject to the Foundation’s Spending Policy, which may be amended at the sole discretion of the GMCF Executive Board of Trustees.

  • Each year The Community Foundation will determine the amount allowed for distributions by applying its Spending Policy for Endowed Funds to assets in the Fund.

  • This Spending Policy will be reviewed and reconfirmed or revised on a regular basis by the Foundation’s Board of Trustees.

  • The purpose of this Spending Policy for Endowed Funds (this “Policy”) of Rose Community Foundation (the “Foundation”) is to set forth rules and guidelines for spending from the Foundation’s endowed funds, other than the Foundation’s own unrestricted endowment (the “Funds”).

  • Distributions may be made annually according to The Community Foundation’s Spending Policy without regard to the recorded principal value of the Fund.

  • The Community Foundation’s Spending Policy for Endowed Funds is designed (but is not guaranteed) to maintain and, if possible, increase the real value (as adjusted by inflation) of the Fund while at the same time providing a relatively stable but predictable level of funding for grantees.

  • The “distributable income” is calculated pursuant to the Investment and Spending Policy attached as Schedule B.

  • Other amenities available but not required may be listed on Document B (e.g. availability of complimentary continental breakfast or coffee for all hotel guests, grab & go cafes, shuttle service, etc.) In accordance with NIH and HHS Efficient Spending Policy, beverage or food are not to be charged to the BPA Order/Call.

  • If the market value is less than 80% of the original gift value, neither the Spending Policy payout, nor the income portion of the Cost Recovery Fee, will be distributed from the endowment for the upcoming year.

  • The Ministry Fund shall distribute income based on the Income Spending Policy.