CONTINUITY AND DISTRIBUTION UPON DISSOLUTION. The fund shall continue so long as assets are available and its purposes can be served. In the event the Organization and its legal successors cease to exist or the Organization loses its charitable status, the Authorized Fund Representative(s) may recommend that; 1) the Fund continue as established by this fund agreement, 2) that the remaining fund assets be directed to another fund at the Foundation, 3) the fund provide support or be transferred to another qualified 501(c)(3) public charity.
Appears in 8 contracts
Samples: Fund Agreement, Community Foundation, Frankfort Community Foundation
