Common use of Alternative Distribution Plan Clause in Contracts

Alternative Distribution Plan. If the Donor wishes to specify a plan for making distributions from the Scholarship Fund other than the Spendable Amount as described above, please discuss the plan with Foundation staff and attach an outline of it as an addendum to this Agreement. Investments The Foundation is pleased to offer a variety of investment pools for Scholarship Funds. All investment pools are reviewed by the Foundation’s Investment Committee. Please complete Addendum I – Gift Fund Investment Recommendation Form – to select an investment pool. FFTC offers investment options that span the risk-return spectrum from conservative allocations to more growth oriented investment pools. For investment pool descriptions and information on performance, visit xxx.xxxx.xxx/xxxxx. If you do not select an investment pool, the Foundation will place the Scholarship Fund into the Endowed Diversified Long-Term Growth Pool. Scholarship Information Please provide detailed information to guide the Scholarship Committee in its grants from the Scholarship Fund. The Internal Revenue Code (the “Code”) requires that all grants from the Scholarship Fund are awarded on an objective and nondiscriminatory basis and that the Scholarship Fund’s procedures for awarding such grants be consistent with traditional scholarship requirements and principles as described in the Code. Please refer to The Charitable Giving Guide for more information. (please initial) I have received and reviewed a copy of The Charitable Giving Guide outlining the Scholarship Polices and Procedures With these Code requirements in mind, please provide general guidelines as to how the scholarships to be granted by the Scholarship Fund should be awarded.

Alternative Distribution Plan. If the Donor wishes to specify a plan for making distributions from the Scholarship Fund other than the Spendable Amount as described above, please discuss the plan with Foundation staff and attach an outline of it as an addendum to this Agreement. Investments The Foundation is pleased to offer a variety of investment pools for Scholarship Funds. All investment pools are reviewed by the Foundation’s Investment Committee. Please complete Addendum I – Gift Fund Investment Recommendation Form – to select an investment pool. FFTC offers investment options that span the risk-return spectrum from conservative allocations to more growth oriented investment pools. For investment pool descriptions and information on performance, visit xxx.xxxx.xxx/xxxxx. If you do not select an investment pool, the Foundation will place the Scholarship Fund into the Endowed Diversified Long-Term Growth Pool. Scholarship Information Please provide detailed information to guide the Scholarship Committee in its grants from the Scholarship Fund. The Internal Revenue Code (the “Code”) requires that all grants from the Scholarship Fund are awarded on an objective and nondiscriminatory basis and that the Scholarship Fund’s procedures for awarding such grants be consistent with traditional scholarship requirements and principles as described in the Code. Please refer to The Charitable Giving Guide for more information. (please initial) I have received and reviewed a copy of The Charitable Giving Guide outlining the Scholarship Polices and Procedures With these Code requirements in mind, please provide general guidelines as to how the scholarships to be granted by the Scholarship Fund should be awarded.