Common use of Advisors Clause in Contracts

Advisors. An Advisor is a named representative of the Donor who has been appointed by the Donor to advise the Community Foundation as to the desired reinvestment of Fund income, Fund expenditures, or grants/distributions from the Fund. The Donor may appoint successor Advisors upon written notification to the Community Foundation of the named successor Advisor. A Donor may name more than one Advisor, but in doing so must disclose if the Advisors must act jointly or may act individually on behalf of the Fund. A Donor may remove an Advisor or successor Advisor by providing written notice of the removal to the Community Foundation and if possible the acknowledgement or acceptance of the removal by the Advisor so named. Any Advisor or successor Advisor must provide written acknowledgement to the Community Foundation of his or her acceptance of the duties of Advisor. All Advisors, whether initial or successor, consent to and agree to be subject to the terms of this Agreement. The Community Foundation shall be entitled to rely upon the written appointment of an Advisor as conclusive evidence of the Advisor’s authority to make distribution recommendations on behalf of the Donor. The initial Advisor(s) are identified in Exhibit B. If the Donor, Advisor, or successor Advisors are not available or able to act under the terms of this Agreement then (circle one): a. The Fund shall terminate and any funds remaining in the Fund shall be added to the permanent endowment fund of the Community Foundation. b. The Fund shall terminate and any funds remaining in the Fund shall be distributed to the Legacy Fund, to be held and administered pursuant to the terms of the

Advisors. An Advisor is a named representative of the Donor who has been appointed by the Donor to advise the Community Foundation as to the desired reinvestment of Fund income, Fund expenditures, or grants/distributions from the Fund. The Donor may appoint successor Advisors upon written notification to the Community Foundation of the named successor Advisor. A Donor may name more than one Advisor, but in doing so must disclose if the Advisors must act jointly or may act individually on behalf of the Fund. A Donor may remove an Advisor or successor Advisor by providing written notice of the removal to the Community Foundation and if possible the acknowledgement or acceptance of the removal by the Advisor so named. Any Advisor or successor Advisor must provide written acknowledgement to the Community Foundation of his or her acceptance of the duties of Advisor. All Advisors, whether initial or successor, consent to and agree to be subject to the terms of this Agreement. The Community Foundation shall be entitled to rely upon the written appointment of an Advisor as conclusive evidence of the Advisor’s authority to make distribution recommendations on behalf of the Donor. The initial Advisor(s) are identified in Exhibit B. If the Donor, Advisor, or successor Advisors are not available or able to act under the terms of this Agreement then (circle one): a. The Fund shall terminate and any funds remaining in the Fund shall be added to the permanent endowment fund of the Community Foundation. b. The Fund shall terminate and any funds remaining in the Fund shall be distributed to the Legacy Fund, to be held and administered pursuant to the terms of thethe Legacy Fund Agreement.

Advisors. An Advisor is a named representative of the Donor who has been appointed by the Donor to advise the Community Foundation as to the desired reinvestment of Fund incomereinvestment, Fund expenditures, expenditures or grants/distributions from to be provided to the FundDesignated Agencies. The Donor may appoint successor Advisors upon written notification to the Community Foundation of the named successor Advisor. A Donor may name more than one Advisor, but in doing so must disclose if the Advisors must act jointly or may act individually on behalf of the Fund. A Donor may remove an Advisor or successor Advisor by providing written notice of the removal to the Community Foundation and if possible the acknowledgement or acceptance of the removal by the Advisor so named. Any Advisor or successor Successor Advisor must provide written acknowledgement to the Community Foundation of his or her acceptance of the duties of Advisor. All Advisors, whether initial or successor, consent to and agree to be subject to the terms of this Agreement. If the Donor, Advisor or successor Advisors are not available or able to act under the terms of this Agreement then the Donor names the Community Foundation’s Board to act as an Advisor on its behalf; subject, however to the termination of the Fund as provided herein. The initial Advisor(s) are identified in Exhibit C. The Community Foundation shall be entitled to rely upon the written appointment of an Advisor as conclusive evidence of the Advisor’s authority to make distribution recommendations on behalf of the Donor. The initial Advisor(s) are identified in Exhibit B. If the Donor, Advisor, or successor Advisors are not available or able to act under the terms of this Agreement then (circle one): a. The Fund shall terminate and any funds remaining in the Fund shall be added to the permanent endowment fund of the Community Foundation. b. The Fund shall terminate and any funds remaining in the Fund shall be distributed to the Legacy Fund, to be held and administered pursuant to the terms of the

Advisors. An Advisor is a named representative of an the Donor Agency who has been appointed by the Donor Agency to advise the Community Foundation as to the desired reinvestment of Fund income, Fund expenditures, or grants/, expenditures or distributions from the Fundto be provided to a requested named recipient entity. The Donor Agency may appoint successor Advisors upon written notification to the Community Foundation of the named successor Advisor. A Donor An Agency may name more than one Advisor, but in doing so must disclose if the Advisors must act jointly or may act individually on behalf of the Fund. A Donor An Agency may remove an Advisor or successor Advisor by providing written notice of the removal to the Community Foundation and if possible the acknowledgement or acceptance of the removal by the Advisor so named. Any Advisor or successor Successor Advisor must provide written acknowledgement to the Community Foundation of his or her acceptance of the duties of Advisor. All Advisors, whether initial or successor, consent to and agree to be subject to the terms of this Agreement. If the Agency, Advisor or successor Advisors are not available or able to act under the terms of this Agreement then the Agency names the Community Foundation’s Board to act as an Advisor on its behalf; subject, however to the termination of the Fund as provided herein. The initial Advisor(s) are identified in Exhibit C. The Community Foundation shall be entitled to rely upon the written appointment of an Advisor as conclusive evidence of the Advisor’s authority to make distribution recommendations on behalf of the Donor. The initial Advisor(s) are identified in Exhibit B. If the Donor, Advisor, or successor Advisors are not available or able to act under the terms of this Agreement then (circle one): a. The Fund shall terminate and any funds remaining in the Fund shall be added to the permanent endowment fund of the Community FoundationAgency. b. The Fund shall terminate and any funds remaining in the Fund shall be distributed to the Legacy Fund, to be held and administered pursuant to the terms of the