Charitable Deductions. The Donor and the Foundation intend that federal income, gift, and estate tax charitable deductions shall be allowed to all individual donors to this Fund and to their respective estates and that the Foundation shall continue to qualify as an organization described in Sections 170(b)(1)(A) (vi), 170(c), 2055(a), and 2522(a) of the Internal Revenue code of 1986. This Agreement shall be construed and applied so as to comply with the requirements of federal tax law for allowance of such charitable deductions and for such qualifications.
Charitable Deductions. The City agrees to deduct from employees giving written authorization any monies for the City-sponsored Charitable Deduction Programs and remit such withholdings to the proper authorities.
Charitable Deductions. The Board agrees to deduct charitable contributions from employees' salaries only for charity fund drives approved by the Association and the Board when the employee has duly authorized such deductions and has voluntarily determined the amount of such a contribution. No school or individual quotas will be established.
Charitable Deductions. The Board agrees to administer payroll deductions for any employee who wishes to contribute to an employee who has exhausted all of his/her accumulated sick leave. Deductions may also be forwarded to the East Xxxxxx Employee Foundation to help with the Sick Leave Assistance Program.
Charitable Deductions. TSDF has provided no advice or assurance to Founder as to the tax treatment of the amounts deposited in the Fund. Founder has been advised and given the opportunity to seek independent advice as to such tax treatment.
Charitable Deductions. It is intended by Founders and by TSDF that federal gift, income and estate tax charitable deductions shall be allowed to Founders and to Founders’ estate and that TSDF shall continue to qualify as an organization described in Sections 170(b)(1)(A)(vi), 170(c), 2055(a), and 2522(a) of the Internal Revenue Code of 1986. This entire Agreement shall be construed and applied so as to comply with the requirements of federal tax law for allowance of such charitable deductions and for such qualifications. IN WITNESS WHEREOF, we execute this agreement on . Founders: Xxx Xxxxx Xxxxxxxx Xxxxx Xxxxx Xxxxxx Xxxxx Xxxxxxxx Approved by the Board of Governors of The San Diego Foundation on . By: Xxxxxx Xxxxxxxxxxx Chair, Board of Governors Non-Endowment Investment Recommendations The City of Del Mar Wayside Horn Fund Fund Balance of $49,999.99 or less: All funds with a balance of $ 49,999.00 or less will be assigned to Pool A (short term fixed income). Fund Balance of $50,000.00 or more: All funds with a balance of $ 50,000.00 or more may select from Pools A, B or C. As advisor/founder to this fund I recommend the funds be invested in the following pool: Pool A – Short Term Fixed Income Pool B – 30% Equity Pool C – 60% Equity - ( a 90-day advance notice for grants of $10,000.00 or more) Each of the investment pools above includes a money market component to allow for the liquidity needs of those funds participating in the pool. Grants may be made from the funds throughout the life of the fund regardless of which investment pool is recommended. For purposes of making founder-recommended grant distributions, The Foundation requires advance notification of 7 – 14 days. I understand that assets in Investment Pools A, B & C will experience both capital gains and capital losses according to market conditions. Founders: Xxx Xxxxx Date Xxxxxxxx Xxxxx Date Xxxxx Xxxxxx Date
Charitable Deductions. TSDF has provided no advice or assurance to Project Proponent as to the tax treatment of the amounts deposited in the Fund by Project Proponent. Project Proponent has been advised and given the opportunity to seek independent advice as to such tax treatment.
