Donor-Advised Funds Sample Clauses

Donor-Advised Funds. As a community foundation, TSDF may establish for its donors a “donor advised fund,” which is separately identified by reference to the donor or donors. The fund is owned and controlled by TSDF and the donor or persons appointed by the donor have the privilege of providing advice with respect to the fund’s investments or distributions. TSDF has final authority over the distribution of all grants from its donor advised funds, and reserves the right to decline or modify a grant recommendation that is not consistent with these policies or TSDF’s charitable purposes. Gifts to a donor advised fund are irrevocable.
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Donor-Advised Funds. A Donor-Advised Fund is a separate fund or account, usually established by a single donor or family and often bearing the donor’s name. WCCF owns and manages the assets contributed by the donor, and exercises control over distributions from the Donor- Advised Fund, but the donor may retain advisory privileges, or appoint advisors with advisory privileges, to make recommendations with respect to distributions. See Rules for Advisors in the attached Terms & Conditions. Donor-Advised Funds are appropriate for donors who want to participate actively in grant- making, or to create a vehicle for family philanthropy by appointing children and grandchildren as fund advisors. Donor-Advised Funds provide an efficient alternative to the complexities of establishing and operating private foundations. WCCF may assist donors and fund advisors in identifying possible grant recipients, verifying the charitable status and mission of possible recipients, and monitoring the use of grants by those organizations. Distributions from Donor-Advised Funds will be made to qualified 501c3 organizations or other charitable organizations and may not be made to an organization for the benefit of a specified individual. Distributions may not be made to satisfy a pledge or other legal obligation of a donor, advisor, or related party. Donors, advisors, and related parties may not receive any tangible benefits, goods, or services. Distributions may not be made to provide grants, loans, compensation or similar payment to donors, advisors or related parties. All distributions from Donor-Advised Funds must comply with WCCF’s operating procedures for Donor-Advised Funds. WCCF administers all Donor-Advised Funds in compliance with the requirements of the Internal Revenue Service. WCCF’s Board maintains full authority and control regarding Donor-Advised Fund assets and grant distributions.
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Donor-Advised Funds. (continued) Successor Advisor Information for Individual Donors A successor advisor is authorized to recommend grants from the fund, in the event the advisor(s) named above dies, resigns, or is otherwise unable to act in this capacity. Once designated, a successor advisor’s status can only be revoked in writing by the donor(s) establishing the fund. All successor advisors have equal rights to recommend grant distributions from the fund. In all cases of two or more advisors, a single chairperson must be identified. Please indicate successor advisors below and identify a chairperson. Please attach additional sheets, as necessary. All successor advisors shall be entitled to designate in writing no more than two individuals to succeed them as advisors to the fund: Successor Advisor 1 Name Successor Advisor 2 Name Mailing Address Xxxxxxx Xxxxxxx Xxxx Xxxxx Xxx Xxxx Xxxxx Zip Phone ( ) Phone ( ) E-mail E-mail Relationship to Donor(s) Relationship to Donor(s) Chairperson Designation: This Successor Advisor will serve as the chairperson . Chairperson Designation: This Successor Advisor will serve as the chairperson.
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Donor-Advised Funds. Donors establish advised funds when they wish to actively participate in the grant activity of the fund. Donors of advised funds may offer recommendations to the Foundation regarding the recipients and amounts of grants from the fund. Donors may name children or other designees to succeed them as advisors. Advised funds provide the maximum tax benefits while ensuring donor involvement over generations. They are an excellent alternative to operating a Private or Family Foundation. Upon the death of the last designated successor advisor, an Advised fund becomes a Discretionary fund or Field of Interest fund within the Foundation, with the annual grant allocations determined thereafter by the Board of Directors.
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Donor-Advised Funds. Today, donor-advised funds (DAFs) are one of the fastest-growing areas of charitable gifting and are subject to the requirements under sections 4966 and 4967 of the Code. DAFs provide donors with the flexibility of gifting with an immediate tax advantage while deferring grant distributions to selected charities over time. The following are CCF-LA’s procedures for administering DAFs:
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Related to Donor-Advised Funds

  • Sponsor Affiliates The Company may designate from time to time any Sponsor Affiliates pursuant to the provisions of Sections 12-44-30(20) and 00-00-000 of the FILOT Act, which Sponsor Affiliates shall join with the Company and make investments with respect to the Project, or participate in the financing of such investments, and shall agree to be bound by the terms and provisions of this Fee Agreement pursuant to the terms of a written joinder agreement with the County and the Company, in form reasonably acceptable to the County. The Company shall provide the County and the Department with written notice of any Sponsor Affiliate designated pursuant to this Section within ninety (90) days after the end of the calendar year during which any such Sponsor Affiliate has placed in service any portion of the Project, in accordance with Section 12-44-130(B) of the FILOT Act. [End of Article V]

  • Good Funds All amounts payable by the parties at Closing, including any loan proceeds, Cash at Closing 120 and closing costs, must be in funds that comply with all applicable Colorado laws, including electronic transfer funds, certified 121 check, savings and loan teller’s check and cashier’s check (Good Funds).

  • Sponsored, Closely Held Investment Vehicle An Estonian Financial Institution satisfying the following requirements:

  • Investment Advisor The Buyer is an investment advisor registered under the Investment Advisors Act of 1940.

  • Investment Advisors and Investment Managers An Investment Entity established in Estonia that is a financial institution solely because it (1) renders investment advice to, and acts on behalf of, or (2) manages portfolios for, and acts on behalf of, a customer for the purposes of investing, managing, or administering funds deposited in the name of the customer with a Financial Institution other than a Nonparticipating Financial Institution.

  • Commitment to Diversity in Government Contracting The State of Florida is committed to supporting its diverse business industry and population through ensuring participation by minority-, women-, wartime-, and service-disabled veteran business enterprises in the economic life of the State. The State of Florida Mentor Protégé Program connects minority-, women-, wartime-, and service- disabled veteran business enterprises with private corporations for business development mentoring. We strongly encourage firms doing business with the State of Florida to consider this initiative. For more information on the Mentor Protégé Program, please contact the Office of Supplier Diversity at (000) 000-0000 or xxxxxxx@xxx.xxxxxxxxx.xxx. Upon request, the Contractor shall report to the Department, spend with certified and other minority business enterprises. These reports will include the period covered, the name, minority code and Federal Employer Identification Number of each minority Vendor utilized during the period, commodities and services provided by the minority business enterprise, and the amount paid to each minority Vendor on behalf of each purchasing agency ordering under the terms of this Contract.

  • Special Permit from Relevant Ministerial/ Government Agencies and Foreign Capital Ownership Limitation Raw Material for Explosives (Ammonium Nitrate) with maximum foreign equity ownership of 49% and a special permit from the Minister of Defense (ISIC 2411) Industry of explosive materials and its components for industry need with maximum foreign equity ownership of 49% and a special permit from the Minister of Defense (ISIC 2429) Sugar Industry (Xxxxx Xxxxxxx Sugar, Refined Crystal Sugar and Raw Crystal Sugar) with maximum foreign equity ownership of 95% and a special permit from the Minister of Industry and the Minister of Agriculture, and it has to be integrated with the sugar plantation. The manufacturing of raw crystal sugar is required for any sugar manufacturer with sugarcane input capacity exceeding 8000 tons per day (ISIC 1542) Processing of plantation product industry (similar capacity or exceeding a certain capacity, according to Regulation of Minister of Agriculture Number 26 of 2007 with maximum foreign capital ownership of 95% with a special permit from Minister of Agriculture. - Fiber and Seed Cotton Industry (ISIC1514, 1711) - Crude oil industry (edible oil) from vegetable and animal, coconut oil industry, palm oil industry, rubber to be sheet, thick latex, crumb rubber industry, raw castor oil industry, sugar, sugar cane and sugar cane residue industry, black tea/green tea industry, dry tobacco leaves industry, Copra, Fiber, Coconut Charcoal, Dust, Nata de coco industry, Coffee sorting, cleaning and peeling industry, Cocoa cleaning, peeling and drying industry, cleaning and peeling seed other than coffee and cacao industry, cashew to be dry seed cashew and Cashew Nut Shell Liquid (CNSL) Industry, Peppercorn to be dry white pepper and dry black pepper industry (ISIC 1514, 2429, 1542, 1549, 1600, 2519, 1531)

  • Train Operator - Affiliates Except as permitted by Clause 14.2, the Train Operator shall procure that its Affiliates and its and their respective officers, employees and agents shall keep confidential and not disclose to any person any Confidential Information.

  • Online Banking Transactions At the present time, you may use Online Banking to: • Transfer funds between your savings, checking, and Club accounts. • Withdraw funds from your savings, checking, and Club accounts. • Make loan payments from your savings, checking and Club accounts. • Obtain account balance and transaction history on your savings, checking, and Club accounts. • Obtain information on your loan account balance, transaction history, payment due dates, loan payoff amounts and finance charges. • Review available copies of eStatements and tax information. • Make bill payments from your checking account using the Bill Pay service. Transactions involving your savings and checking accounts will be subject to the terms of your Membership and Account Agreement. Transactions involving your loan accounts will be subject to your applicable Loan Agreement and Disclosures.

  • DEPENDENT PERSONAL SERVICES 1. Subject to the provisions of Articles 16, 18 and 19, salaries, wages and other similar remuneration derived by a resident of a Contracting State in respect of an employment shall be taxable only in that State unless the employment is exercised in the other Contracting State. If the employment is so exercised, such remuneration as is derived therefrom may be taxed in that other State.

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