Common use of Discretionary Fund Clause in Contracts

Discretionary Fund. In accordance with the Canons of General Convention, a Discretionary Fund is to be established for charitable purposes under the Xxxxxx'x control, subject to annual audit without disclosure of beneficiaries. This is funded from gifts given to the church or the Xxxxxx for the purposes of the Discretionary Fund. Such gifts may be received at anytime or at baptisms, marriages and funerals. This shall be a parish account. This practice will be reviewed annually to evaluate its effectiveness both in terms of the needs of the Xxxxxx as well as the Wardens and Vestry.

Discretionary Fund. In accordance with the Canons of General Convention, a Discretionary Fund is to be established for charitable purposes under the Xxxxxx'x control, subject to annual audit without disclosure of beneficiaries. This is funded from gifts given to the church or the Xxxxxx for the purposes of the Discretionary Fund. Such gifts may be received at anytime any time or at baptisms, marriages and funerals. This shall be a parish account. This practice will be reviewed annually to evaluate its effectiveness both in terms of the needs of the Xxxxxx as well as the Wardens and Vestry.