Common use of Fund Administration and Distribution Clause in Contracts

Fund Administration and Distribution. The Alumni Foundation will administer private gifts to benefit the University and will transfer funds to the designated entity within the University in compliance with applicable laws, University policies, fund agreements, and donor restrictions. Per the Alumni Foundation’s Disbursement Policy for MSU and Affiliated Organizations, the Alumni Foundation’s disbursements on behalf of the University must be for reasonable expenses that support the University and its programs, are consistent with donor intent, and do not conflict with any applicable laws and regulations. When establishing a new fund, the Alumni Foundation will disclose to the University any terms, conditions, or limitations legally imposed by the donor or legal determination on the gift. The University will abide by such restrictions and provide appropriate acknowledgment of such terms, conditions, or limitations and documentation of compliance.

Fund Administration and Distribution. The Alumni Foundation will shall administer private gifts to benefit the University and will shall transfer funds to the designated entity within the University in compliance with applicable laws, University policies, fund agreements, and donor restrictions. Per the Alumni Foundation’s Disbursement Policy for MSU and Affiliated Organizations, the Alumni Foundation’s disbursements on behalf of the University must be for reasonable expenses that support the University and its programs, are consistent with donor intent, and do not conflict with any applicable laws and regulations. When establishing a new fund, the Alumni Foundation will shall disclose to the University any terms, conditions, or limitations legally imposed by the donor or legal determination on the gift. The University will shall abide by such restrictions and provide appropriate acknowledgment of such terms, conditions, or limitations and documentation of compliance.

Fund Administration and Distribution. The Alumni Foundation will administer private gifts to benefit the University and will transfer funds to the designated entity within the University in compliance with applicable laws, University policies, fund agreements, and donor restrictions. Per the Alumni Foundation’s Disbursement Policy for MSU and Affiliated OrganizationsPolicy, the Alumni Foundation’s disbursements on behalf of the University must be for reasonable expenses that support the University and its programs, are consistent with donor intent, and do not conflict with any applicable laws and regulations. When establishing a new fund, the Alumni Foundation will disclose to the University any terms, conditions, or limitations legally imposed by the donor or legal determination on the gift. The University will abide by such restrictions and provide appropriate acknowledgment of such terms, conditions, or limitations and documentation of compliance.