Common use of FUND AUTHORITY Clause in Contracts

FUND AUTHORITY. Please provide contact information for the Donor(s) and select one primary contact. The Donor(s) may exercise grant recommendation privileges and/or may designate additional individuals to exercise grant recommendation privileges with respect to the Fund. All individuals that the Donor designates to recommend grants, including the Donor(s), are collectively referred to as Fund Advisor(s). Donor – The Donor(s) is/are the individual(s) or entity that establishes a Fund at The Community Foundation. The Donor initially has full advisory privileges over a Fund, including the power to: name the Fund, to make grant recommendations, to make investment recommendations, and to appoint other Fund Advisors. The privilege of making grant recommendations is limited to the Donor and, if specified in the Fund Agreement or other instrument, Concurrent Fund Advisor(s) and/or Successor Fund Advisor(s) such as the Donor’s spouse and/or children or other designee. Other Fund Advisor – this individual has grant recommendation privileges but has no other Fund privileges unless specifically granted in writing by the founding Donor. • Concurrent Fund Advisor is authorized to recommend grants alone or with the Donor. • Successor Fund Advisor is authorized to recommend grants only after all the Fund Advisors are no longer able to exercise their right to do so. Recommendation privileges will begin upon the death, resignation, or written notice of all Donors and Concurrent Advisors.

FUND AUTHORITY. Please provide contact information for the Donor(s) and select one primary contact. The Donor(s) may exercise grant recommendation privileges and/or may designate additional individuals to exercise grant recommendation privileges with respect to the Fund. All individuals that the Donor designates to recommend grants, including the Donor(s), are collectively referred to as Fund Advisor(s). Donor – The Donor(s) is/are the individual(s) or entity that establishes a Fund at The Community Foundation. The Donor initially has full advisory privileges over a Fundfund, including the power topower: to name the Fund, fund; to make grant recommendations, ; to make investment recommendations, ; and to appoint other Fund Advisors. The privilege of making grant recommendations is limited to the Donor and, if specified in the Fund Agreement or other instrument, a Concurrent Fund Advisor(s) and/or Successor Fund Advisor(s) Advisor such as the Donor’s 's spouse and/or children or other designee. Other Fund Advisor – this individual has grant recommendation privileges but has no other Fund privileges unless specifically granted in writing by the founding Donor. • Concurrent Fund Advisor is authorized to recommend grants alone or with the Donor. • Successor Fund Advisor is authorized to recommend grants only after all the initial Fund Advisors are no longer able to exercise their right to do so. Recommendation Successor Advisor recommendation privileges will begin upon the death, resignation, or written notice of all Donors and Concurrent Advisors. A Successor Advisor may not appoint an additional Successor Advisor.