Asset Management. The Foundation shall receive, hold, manage, invest, and disperse contributions of cash, securities, and other forms of property, including immediately vesting gifts and deferred gifts that are contributed in the form of planned and deferred-gift instruments In managing endowed gifts the Foundation shall establish asset-allocation, disbursement, and spending policies that adhere to all current and future applicable federal and state laws including the Uniform Prudent Management of Institutional Funds Act (UPMIFA) as amended or modified from time to time.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Asset Management. The Foundation shall receive, hold, manage, invest, and disperse contributions of cash, securities, and other forms of property, including immediately vesting gifts current and deferred gifts that are contributed in the form of planned and deferred-gift instruments instruments. In managing endowed gifts gifts, the Foundation shall establish asset-allocation, disbursement, and spending endowment management policies that adhere to all current and future applicable federal and state laws including the Montana Uniform Prudent Management of Institutional Funds Act (UPMIFA) as amended or modified from time to time.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Asset Management. The Foundation shall receive, hold, manage, invest, and disperse contributions of cash, securities, and other forms of property, including immediately vesting gifts and deferred gifts that are contributed in the form of planned and deferred-gift instruments In managing endowed gifts the Foundation shall establish asset-allocation, disbursement, and spending policies that adhere to all current and future applicable federal and state laws including the Montana Uniform Prudent Management of Institutional Funds Act (UPMIFA) as amended or modified from time to time.
Appears in 1 contract
Samples: Operating Agreement
Asset Management. The Foundation shall receive, hold, manage, invest, and disperse contributions of cash, securities, and other forms of property, including immediately vesting gifts and deferred gifts that are contributed in the form of planned and deferred-gift instruments instruments. In managing endowed gifts the Foundation shall establish asset-allocation, disbursement, and spending policies that adhere to all current and future applicable federal and state laws including the Montana Uniform Prudent Management of Institutional Funds Act (UPMIFA) as amended or modified from time to time.
Appears in 1 contract
Samples: Operating Agreement