Fund Advisors. Advisors other than the Donor may be appointed for the purpose of making recommendations and giving advice to the Foundation regarding the administration and distribution of the Fund’s assets (“Grants”). The Advisors for the Fund are: Name Signature Name Signature Name Signature If Advisors other than the Donor and Donor’s Spouse are named, any two of the Advisors so named shall be authorized to advise the Foundation on behalf of Fund. The Donor is encouraged to write a mission statement for the fund in order to communicate strategy and intent for gifts from the fund. In addition, the Donor may wish to place restrictions on or make recommendations to the Fund Advisors. Those instructions and the mission statement should be listed on Schedule A of this agreement, Donors Instructions and Recommendations / Mission Statement. After the Donor’s and/or Donor’s Spouse’s lifetimes(s), (please check one): If none of the above alternatives are selected, the Foundation’s Board of Directors will become the Advisors after the Donor’s lifetime and dispense the balance of the fund in accordance with the Mission Statement or Instructions shown on Schedule A. From time to time, the Donor may amend any portions of Section 4 of this Agreement by stating this in writing and sending it to the office of the Foundation. Donor and Advisor(s) understand that the Foundation will not approve grants recommended by the Fund Advisors that would be used for a purpose not permitted by the Internal Revenue Service. Such purposes include, but are not limited to pledges, dues or membership fees, tickets, political contributions, or any purpose that confers a benefit to any individual such as tuition payments. The Foundation requests a minimum grant recommendation of $25.
Fund Advisors. The Foundation acknowledges that the persons listed in Addendum A of this Agreement shall have authority to make recommendations for grants from the Fund. The Donor may name one or more Successor Advisors to the Fund to act upon the death, resignation, refusal, removal, or inability to act of the last named Advisor(s). At any time that the Fund has multiple Advisors, the Fund Advisors shall select a Lead Advisor who will transmit grant recommendations to the Foundation. It is understood that in the event that no Advisor is able and willing to act, the Foundation’s Board of Directors shall make decisions without an Advisor in accordance with its “Inactive Fund Policy”.
Fund Advisors. The Fund Advisors shall be the then serving , of the Donor Advisor Organization Grant recommendations for the fund and modifications of the selected investment option require approval of One Fund Advisor. Two Fund Advisors. Salutation First Name Middle Name/Initial Last Name Suffix Nickname Position with Donor Advisor Organization Home Address City State ZIP Business Position Business Address City State ZIP Home Phone Mobile Phone Business Phone Preferred Email Address Send Statements: Via Email To Home To Business Do Not Send Statements Send Mailings: Via Email To Home To Business Do Not Send Mailings Salutation First Name Middle Name/Initial Last Name Suffix Nickname Position with Donor Advisor Organization Home Address City State ZIP Business Position Business Address City State ZIP Home Phone Mobile Phone Business Phone Preferred Email Address Send Statements: Via Email To Home To Business Do Not Send Statements Send Mailings: Via Email To Home To Business Do Not Send Mailings Salutation First Name Middle Name/Initial Last Name Suffix Nickname Position with Donor Advisor Organization Home Address City State ZIP Business Position Business Address City State ZIP Home Phone Mobile Phone Business Phone Preferred Email Address Send Statements: Via Email To Home To Business Do Not Send Statements Send Mailings: Via Email To Home To Business Do Not Send Mailings
Fund Advisors. The Fund Advisors shall be the then serving , of the Charitable Organization. Grant recommendations for the fund and modifications of the selected investment option require approval of Salutation First Name Middle Name/Initial Last Name Suffix Nickname Position with Charitable Organization Home Address City State ZIP Business Position Business Address City State ZIP Home Phone Send Statements: Send Mailings: Mobile Phone To Home To Home Business Phone Preferred Email Address Via Email Via Email To Business To Business Do Not Send Statements Do Not Send Mailings Salutation First Name Middle Name/Initial Last Name Suffix Nickname Position with Charitable Organization Home Address City State ZIP Business Position Business Address City State ZIP Home Phone Mobile Phone Business Phone Preferred Email Address Send Statements: Via Email To Home To Business Do Not Send Statements Send Mailings: Via Email To Home To Business Do Not Send Mailings Salutation First Name Middle Name/Initial Last Name Suffix Nickname Position with Charitable Organization Home Address City State ZIP Business Position Send Statements: Via Email To Home To Business Do Not Send Statements Send Mailings: Via Email To Home To Business Do Not Send Mailings Business Address City State ZIP Home Phone Mobile Phone Business Phone Preferred Email Address No distributions shall be made unless the fund balance exceeds $ . No distributions shall be made unless the fund balance exceeds $ . Additional distributions may be made to either acquire or renovate a capital asset, meet urgent unexpected financial needs that are unlikely to recur, or for other specific purpose as follows: Grants requested for these purposes are Subject to
Fund Advisors. The advisors of the Fund shall be the Club’s Directors. Annually, the Club’s Directors shall designate two persons as signatories who shall be authorized to make disbursement requests and to contact the Foundation for other purposes. The Club may request distributions from its Fund with all requests being subject to the Foundation’s approval.
Fund Advisors. A scholarship advisory Committee may advise the Foundation by copy of Committee meeting minutes from time to time on the distribution of the Fund. The Committee shall unanimously ratify and notify the Foundation in writing of the spokesperson who shall communicate on its behalf. The Foundation may rely upon such notification until changed by written notice executed by a majority of the members of the Committee, and shall not be obligated to consider advice without the designation of such a spokesperson. The Committee shall be composed of: Name Name Name Name The Donor is encouraged to write a mission statement for the fund in order to communicate strategy and intent for gifts from the fund. In addition, the Donor may wish to place make recommendations to the Committee. Those instructions and the mission statement should be listed on Schedule A of this agreement, Donors Instructions and Recommendations / Mission Statement.
Fund Advisors and Successor Advisors may themselves close an Endowment Fund by transferring its assets to another fund at the Foundation or any other agreement referred to in the Donation Agreement. Annual Funds may be closed by the donor or advisor recommending Grants of the remaining fund balance to support charitable organisations or activities, or by nominating that the balance be transferred to another Themed Fund.
Fund Advisors. Advisors other than the Donor may be appointed for the purpose of making recommendations and giving advice to the Foundation regarding the administration and distribution of the Fund’s assets (“Grants”). The Advisors for the Fund are (please name at least two Advisors): Name Signature Name Signature Name Signature Any two of the Advisors so named shall be authorized to advise the Foundation on behalf of Fund. If the Donor wishes to place restrictions on or make recommendations to the Fund Advisors, those instructions should be listed on a schedule A of this agreement, The Advisors may be changed from time to time by the Donor by stating this in writing and sending it to the office of the Foundation. Donor and Advisor(s) understand that the Foundation will not approve distributions recommended by the Fund Advisors that would be used for a purpose not permitted by the Internal Revenue Service. Such purposes include, but are not limited to pledges, dues or membership fees, tickets, political contributions, or any purpose that confers a benefit to any individual such as tuition payments. The Foundation requests a minimum grant recommendation of $100.
Fund Advisors. The Founder is considered the “Fund Advisor” of this Fund and will have the privileges normally assigned to “Fund Advisors” as allowed under IRS regulations and, have the authority to access Fund information, recommend grants, and name additional Fund Advisors and/or Successor Advisors.
Fund Advisors a. The Donors will serve as initial Fund Advisors.
b. If the Donors serve as Fund Advisor(s), then the Donors may appoint an individual to serve as a successor Fund Advisor when no Donor is willing or able to serve as a Fund Advisor. The Donors may make such appointment at any time in a written notice to the Foundation. Notwithstanding any other provision of this Agreement, no person shall be entitled to serve as a Fund Advisor unless such person (i) has been appointed by the Donors in writing and such appointment has not been revoked, and (ii) shall have reached eighteen (18) years of age.
c. Fund Advisor(s) may consult with, advise and make recommendations to the Foundation with respect to the timing and amounts of distribution from the Fund. Recommended distributions shall be in amounts of at least Two Hundred Fifty Dollars ($250). The Foundation may rely conclusively on any advice or recommendation communicated to the Foundation by any of the Fund Advisors. While applicable law requires the Foundation to retain sole and absolute discretion over distributions from the Fund, the Foundation will consider and evaluate all advice and recommendations by the Fund Advisor(s).
d. When there are no longer any Fund Advisor(s). If the Fund is inactive as described in the Foundation’s Inactive Fund Policy or there are no longer any individuals named by a Donor to serve as Fund Advisor, there will be no further Fund Advisor, the Fund shall cease being a donor-advised fund, and the assets remaining in the Fund at such time shall be allocated among grantmaking funds at the Foundation which most closely align with the grantmaking from the Fund.
