Common use of Disaster Response Fund Clause in Contracts

Disaster Response Fund. Disaster Response Funds shall be automatically established on behalf, and at the request, of IEEE when it is determined by the IEEE President that urgent action is required. The IEEE Development Office shall notify the Foundation President when a Disaster Response Fund is established and report it to the Foundation Board of Directors at the next regular meeting. These Funds shall be spent until depleted and classified as temporarily restricted for accounting purposes. Contributions shall be coordinated by the IEEE Development Office consistent with Policy 4. Expenditure from a Disaster Response Fund shall be in accordance with in Policy 5.9.

Disaster Response Fund. Disaster Response Funds shall be automatically established on behalf, and at the request, of IEEE when it is determined by the IEEE President that urgent action is required. The IEEE Development Office shall notify the Foundation President when a Disaster Response Fund is established and report it to the Foundation Board of Directors at the next regular meeting. These Funds shall be spent until depleted and classified as temporarily restricted with donor restrictions for accounting purposes. Contributions shall be coordinated by the IEEE Development Office consistent with Policy 4. Expenditure from a Disaster Response Fund shall be in accordance with in Policy 5.9.