Continuity. The fund shall continue so long as assets are available in the Fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (a) are within the scope of the charitable or other exempt purposes of the Foundation ' s Articles of Incorporation; and, (b) most nearly approximate, in the sole opinion of the Board, the original purpose of the Fund.
Appears in 3 contracts
Samples: Agency Endowment Fund Agreement, Donor Advised Fund Agreement, Donor Advised Endowment Fund Agreement
Continuity. The fund shall continue so long as assets are available in the Fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (:
a) are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; , and, (,
b) most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.
Appears in 2 contracts
Samples: Agency Growth Endowment Fund Agreement, Agency Endowment Fund Agreement
Continuity. The fund Fund shall continue so long as assets are available in the Fund and the purposes in of the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (:
a) are Are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; and, (,
b) most Most nearly approximate, solely in the sole good faith opinion of the Board, the original purpose of the FundFund as envisioned by the Founding Contributor.
Appears in 2 contracts
Samples: Endowed Fund Agreement, Endowed Fund Agreement
Continuity. The fund Fund shall continue so long as assets are available in the Fund fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (:
a) are Are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; and, (,
b) most Most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the FundFund as envisioned by the Founding Contributor.
Appears in 2 contracts
Samples: Endowed Scholarship Agreement, Endowed Scholarship Agreement
Continuity. The fund Fund shall continue so long as assets are available in the Fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (:
a) are Are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; and, (,
b) most Most nearly approximate, solely in the sole good faith opinion of the Board, the original purpose of the Fund as envisioned by the founder of the Fund.
Appears in 1 contract
Samples: Endowed Fund Agreement
Continuity. The fund Fund shall continue so long as assets are available in the Fund fund and the purposes in of the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (:
a) are Are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; and, (,
b) most Most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the FundFund as envisioned by the Founding Contributor.
Appears in 1 contract
Samples: Endowed Scholarship Agreement
Continuity. The fund shall continue so long as assets are available in the Fund fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (:
a) are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; , and, (,
b) most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.
Appears in 1 contract
Samples: Endowment Fund Agreement
Continuity. The fund Fund shall continue so long as assets are available in the Fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: :
(a) are within the scope of the charitable or other exempt purposes of the Foundation ' s Articles of Incorporation; Foundation's Bylaws and, ,
(b) most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.
Appears in 1 contract
Continuity. The fund Fund shall continue so long as assets are available in the Fund and the purposes in of the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: that (a) are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; and, Incorporation and (b) most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.
Appears in 1 contract
Samples: Advised Endowment Fund Agreement
Continuity. The fund Fund shall continue so long as assets are available in the Fund and the purposes in of the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (a) :
a. are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation's Articles of Incorporation; andIncorporation and that
b. serve, (b) most nearly or closely approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.
Appears in 1 contract
Continuity. The fund Fund shall continue so as long as assets are available in the Fund and the purposes in the Fund fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (a) are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; and, and (b) most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.
Appears in 1 contract
Samples: Advised Endowment Fund Agreement
Continuity. The fund Fund shall continue so long as assets are available in the Fund and the purposes in of the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (a) :
a. are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation's Articles of Incorporation; andIncorporation b. and serve, (b) most nearly or closely approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.
Appears in 1 contract
Samples: Donor Advised Fund Agreement
Continuity. The fund Fund shall continue so long as assets are available in the Fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: :
(a) are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; and, ,
(b) most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.
Appears in 1 contract
Samples: Designated Foundation Fund Agreement
Continuity. The fund shall continue so long as assets are available in the Fund fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (:
a) are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; and, (,
b) most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.
Appears in 1 contract
Samples: Designated Endowment Fund Agreement