Common use of Creation of the Fund Clause in Contracts

Creation of the Fund. There is hereby created the ("xxx Xxxx") to receive, hold, manage (fund name) and administer funds to . (fund purpose) The Foundation shall hold the assets, together with any additions thereto, and shall invest and reinvest the same and shall distribute income as hereinafter set forth.

Creation of the Fund. There is hereby created the ("xxx Xxxx") to receive, hold, manage (fund name) manage and administer contributions and funds to support . (fund purpose) The Foundation shall hold the assets, together with any additions thereto, and shall invest and reinvest the same and shall distribute income as hereinafter set forth. As a permanently restricted fund, the principal of the Fund, and any subsequent gifts thereto, should be maintained and only the investment income may be used for this Fund’s donor- imposed purpose.

Creation of the Fund. There is hereby created the ("xxx Xxxx") to receive, hold, manage and (fund name) and administer funds to . (fund purpose) The Foundation shall hold the assets, together with any additions thereto, and shall invest and reinvest the same and shall distribute income as hereinafter set forth.

Creation of the Fund. There is hereby created the Fund ("xxx Xxxx") to receive, hold, manage (fund name) hold, manage and administer contributions and funds to support . (fund purpose) The Foundation shall hold the assets, together with any additions thereto, and shall invest and reinvest the same and shall distribute income as hereinafter set forth. As a temporarily restricted fund, the Foundation shall ensure that the principal of the Fund, any subsequent gifts thereto, and any investment income shall be used for the Fund’s donor- imposed purpose.

Creation of the Fund. There is hereby created herebycreated the ("xxx Xxxx") to receive, hold, manage (fund name) and administer funds to . (fund purpose) The Foundation shall hold the assets, together (fund purpose) with any additions thereto, and shall invest and reinvest the same and shall distribute income as hereinafter set forth.

Creation of the Fund. There is hereby created the Fund (fund name) ("xxx Xxxx") to receive, hold, manage (fund name) and administer contributions and funds to support . (fund purpose) This Fund was created with gifts from Donor(s). The Foundation shall hold the assets, together with any additions thereto, and shall invest and reinvest the same and shall distribute income as hereinafter set forth. As a permanently restricted fund, the Foundation shall maintain the principal of the Fund, and any subsequent gifts thereto, and only the investment income may be used for this Fund’s donor-imposed purpose.