Administrative Authority. The Community Foundation shall have all powers necessary, or in its sole discretion, desirable to administer and carry out the purpose of the Fund, including, but not limited to, the powers to retain, manage, sell, invest, and reinvest the Fund assets and its income in any manner as authorized by law, and the power to co-mingle the assets of the Fund with those of other funds for investment purposes.
Appears in 15 contracts
Samples: Donor Advised Fund Agreement, Agency Endowment Fund Agreement, Agency Endowment Fund Agreement
Administrative Authority. The Community Foundation shall have all powers necessary, or in its sole discretion, desirable to administer and carry out the purpose of the Fund, including, but not limited to, the powers to retain, manage, sell, invest, invest and reinvest the Fund assets and its income in any manner as authorized by law, and the power to co-mingle the assets of the Fund with those of other funds for investment purposes.
Appears in 4 contracts
Samples: Scholarship Fund Agreement, Scholarship Fund Agreement, Agency Endowment Fund Agreement
Administrative Authority. The Community Foundation shall have all powers necessary, or in its sole discretion, desirable to administer and carry out the purpose of the Fund, including, but not limited to, the powers to retain, manage, sell, invest, invest and reinvest the Fund assets and its income in any manner as authorized by law, and the power to co-mingle the assets of the Fund with those of other funds for investment purposes. However, the Community Foundation shall have no obligation to invest the assets of the Fund.
Appears in 1 contract
Samples: Designated Fund Agreement
