Designated Funds Sample Clauses
The Designated Funds clause establishes specific accounts or pools of money that are set aside for particular purposes within an agreement. Typically, this clause outlines how these funds are to be created, managed, and used, such as earmarking money for project expenses, reserves, or future obligations. By clearly identifying and restricting the use of these funds, the clause ensures financial transparency and accountability, preventing misuse and ensuring that resources are available for their intended purposes.
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Designated Funds. Certain funds of FBC are “designated” for a particular purpose. Designated funds will be used for the purposes designated, and otherwise in accordance with applicable law, unless a release, change, or waiver of designation occurs through proper legal action.
Designated Funds. Designated funds can only be established for the benefit of qualified public benefit organizations. If that organization ceases to exist or dramatically changes its charitable purpose, the Community Foundation will use its variance power to find a similar organization which matches the donor’s intent. Should the donor request that an organization be changed, such request, must be provided, in writing, to the Community Foundation.
Designated Funds. After the date of this amendment, all references to "Designated Funds" in the Agreement shall be deemed to refer to the "Funds."
Designated Funds. Interest, dividends and any other investment income on Designated Funds will be available to be spent for uses appropriate to the individual fund designations and /or donor instructions. All such expenditures will be approved by the Committee or any other Church group to which authority has been delegated. [An example would be the Scholarship Committee.] • Interest, dividends and any other investment income on Undesignated Funds will be transferred to an Endowment Interest & Gifts account and will be available for any use approved by the Committee. All such uses shall be consistent with the terms of this agreement.
Designated Funds. Donors establishing a designated fund may recommend that distributions of income from the fund be made to one or more 501(c)(3) public charities (i.e., non-private foundations), or to support one or more endowment funds established by 501(c)(3) public charities at the Three Rivers Community Foundation (collectively, “qualifying charitable recipients”). Please indicate the qualifying charitable recipients that you would like to receive distributions from the fund. In the case of nonprofit organization donors, please designated your organization and any other qualifying charitable recipients that you wish to receive distributions from the fund: % 100%
Designated Funds. ▇▇▇▇▇ ▇▇▇▇▇ VT Floating-Rate Income Fund
Designated Funds. Designated funds are earmarked for one or more charitable organizations, and all grants made from such funds will be made to (or for the use of) the designated recipient organization. When establishing a designated fund, donors specify one or more organizations to receive a regular distribution from the fund in perpetuity. Such funds can be established by an outright gift during the donor's lifetime or through a planned gift such as a bequest, charitable gift annuity, remainder trust, etc. If the recipient organization ceases to exist or changes its status or mission as a charitable organization, the Foundation’s Board of Directors may exercise its variance power, selecting an alternate use for the fund compatible with its original charitable purpose.
Designated Funds. To participate under either the AB or WB Plan, all Purchase Payments, including those invested through any optional program, must be invested in one or more of the Designated Funds during the entire term of the Plan. The Designated Funds are set forth in the Certificate Specifications. The Designated Funds are subject to change without prior notice, in which case future transfers or Purchase Payments may be allocated only to the Designated Funds then available. An allocation of Purchase Payments to other than a Designated Fund will result in cancellation of this Rider.
Designated Funds. A Designated Fund holds assets to be used for one or more 501(c)(3) charities. A donor with particular interest in or ties to a particular organization may establish a Designated Fund. Designated Funds may accept donations from others interested in supporting the specified organization(s). WCCF owns and manages each Designated Fund for the benefit of the organization(s) for which the Fund is established. The donor establishing the Fund may name the Fund (for example, the ▇▇▇▇ ▇▇▇▇▇ Fund for the Salvation Army). WCCF actively monitors all organizations that receive grants from Designated Funds. If a beneficiary organization ceases to exist, loses its tax-exempt status, or changes its mission, WCCF’s Board may exercise its Variance Power to redirect the Fund to support an organization with a similar mission.
Designated Funds. MDD will provide for the Grant Payment to be made pursuant to this Agreement by establishing a separate MDD fund, or a subaccount of any existing fund or account in the MDD treasury, into which the Maximum Grant funds will be deposited or otherwise designated during the Term of this Agreement (the “Designated Funds”).