Community foundation definition

Community foundation means an organization that meets all of the following requirements:

Community foundation means an organization that applies for certification under subsection (4) on or before May 15 of the tax year for which the taxpayer is claiming the credit and that the department certifies for that tax year as meeting all of the following requirements:

Community foundation means that term as defined in section 261 of the income tax act of 1967, 1967 PA 281, MCL 206.261.

Examples of Community foundation in a sentence

• All gifts, bequests, and devises to this Fund shall be irrevocable once accepted by the Community Foundation.

• Subject to the right of the Community Foundation to reject any particular gift, from time to time the Community Foundation may accept additional irrevocable gifts of property from Donors or from any other source to be added to the Fund, all subject to the provisions hereof.

• All money and property in the Fund shall be held as general assets of the Community Foundation and not segregated as trust property of a separate trust.

• The receipts and disbursements of the Fund shall be accounted for separately and apart from those of other gifts to the Community Foundation.

• It is understood and agreed that the Fund shall share a fair portion of the total investment and administrative costs and expenses of the Community Foundation.

More Definitions of Community foundation

Community foundation means an organization that is:

Community foundation means a nonprofit, autonomous, philanthropic institution that is organized and operated primarily as a permanent collection of endowed funds for the long-term benefit of a defined geographic area within one or more municipalities, that has a long-term goal of increasing its permanent unrestricted charitable endowment to benefit the area served, that primarily provides benefits by making grants and may also provide other forms of charitable services, that makes grants that are not limited to providing one type of benefit or to serving one population segment, and that makes grants to multiple grantees;

Community foundation means the Community Foundation of the Northwest Georgia, Inc., a nonprofit corporation and community foundation formed under the laws of the State of Georgia .

Community foundation means a local independent grant-making institution supporting citizen initiatives aimed at improving quality of life in a community and based on broad partnership of local business community, citizens and governmental institutions;

Community foundation. NAME OF MANAGER: ALLIANCE, INC. By: _ By: _ Title: Title: And: By: _

Community foundation is defined in the preamble to this Agreement.

Community foundation means any community foundation that meets all of the following requirements: