Common use of Charitable Deductions Clause in Contracts

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.

Appears in 5 contracts

Samples: Interest Endowment Fund Agreement, Designated Endowment Fund Agreement, Scholarship Fund Agreement

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Charitable Deductions. The Donor Charity 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.

Appears in 1 contract

Samples: Charity Endowment Fund Agreement

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Charitable Deductions. The Donor It is intended by Donors and the by Foundation intend that federal income, gift, income and estate tax charitable deductions shall be allowed to all individual donors to this Fund Donors and to their respective estates Donors' estate and that the Foundation shall continue to qualify as an organization described in Sections 170(b)(1)(A) (vi170(b)(1)(A)(vi), 170(c), 2055(a), and 2522(a) of the Internal Revenue code Code of 1986. This entire Agreement shall be construed and applied so as to comply with the requirements of federal tax law for allowance allowances of such charitable deductions and for such qualifications.

Appears in 1 contract

Samples: Jewish Community

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