Common use of Creation of Fund Clause in Contracts

Creation of Fund. The Donor wishes to establish an unrestricted endowment fund and hereby donates the assets described in “Schedule 1” to this Agreement to ACF, a charitable organization described in sections 501(c)(3) and 509(a)(1) of the Internal Revenue Code. The Donor(s) understand that this is an irrevocable gift, which will be used to establish and maintain a charitable fund of the Foundation, subject to the Foundation’s governing documents and bylaws. The Foundation may also receive additional contributions to add to this Fund from the Donor(s) or other individuals or businesses as well as distributions of cash and/or marketable securities from trusts, xxxxx, private foundations or other donor advised funds to either initially fund or add to this Fund. The name of the Fund shall be the Fund (“Fund”) of The Alaska Community Foundation (“ACF”). The Fund is subject to ACF’s Gift and Fund Acceptance Policies, as amended from time to time, which are available upon request and are available to the public.

Creation of Fund. The Donor wishes to establish an unrestricted endowment fund and hereby donates the assets described in “Schedule 1” to this Agreement to ACF, a charitable organization described in sections 501(c)(3) and 509(a)(1) of the Internal Revenue Code. The Donor(s) understand that this is an irrevocable gift, which will be used to establish and maintain a charitable fund of the Foundation, subject to the Foundation’s governing documents and bylaws. The Foundation may also receive additional contributions to add to this Fund from the Donor(s) or other individuals or businesses as well as distributions of cash and/or marketable securities from trusts, xxxxx, private foundations or other donor advised funds to either initially fund or add to this Donor Advised Fund. The name of the Fund shall be the Fund (“Fund”) of The Alaska Community Foundation (“ACF”)Foundation. The Fund is subject to ACF’s Gift and Fund Acceptance Policies, as amended from time to time, which are available upon request and are available to the public.

Creation of Fund. The Donor wishes to establish an unrestricted non-endowment fund and hereby donates the assets described in “Schedule 1” to this Agreement to ACF, a charitable organization described in sections 501(c)(3) and 509(a)(1) of the Internal Revenue Code. The Donor(s) understand that this is an irrevocable gift, which will be used to establish and maintain a charitable fund of the Foundation, subject to the Foundation’s governing documents and bylaws. The Foundation may also receive additional contributions to add to this Fund from the Donor(s) or other individuals or businesses as well as distributions of cash and/or marketable securities from trusts, xxxxx, private foundations or other donor advised funds to either initially fund or add to this Fund. The name of the Fund shall be the Fund (“Fund”) of The Alaska Community Foundation (“ACF”). The Fund is subject to ACF’s Gift and Fund Acceptance Policies, as amended from time to time, which are available upon request and are available to the public.

Creation of Fund. The Donor wishes to establish an unrestricted a non-endowment fund and hereby donates the assets described in “Schedule 1” to this Agreement to ACF, a charitable organization described in sections 501(c)(3) and 509(a)(1) of the Internal Revenue Code. The Donor(s) understand that this is an irrevocable gift, which will be used to establish and maintain a charitable fund of the Foundation, subject to the Foundation’s governing documents and bylaws. The Foundation may also receive additional contributions to add to this Fund from the Donor(s) or other individuals or businesses businesses, as well as distributions of cash and/or marketable securities from trusts, xxxxx, private foundations or other donor advised funds to either initially fund or add to this Donor Advised Fund. The name of the Fund shall be the Fund (“Fund”) of The Alaska Community Foundation (“ACF”). The Fund is subject to ACF’s Gift and Fund Acceptance Policies, as amended from time to time, which are available upon request and are available to the public.