Common use of Fund Minimum Clause in Contracts

Fund Minimum. A Fund may be opened with a $5,000 minimum. A minimum balance of $5,000 must be maintained. If the Fund balance at any time is less than $5,000, the Community Foundation shall give written notice to the Advisor. The Donor or Advisor shall have 30 days from the date of the written notice to restore the Fund balance to the minimum amount of $5,000. If the Donor or Advisor fails to restore the Fund balance to at least $5,000 within the 30-day period, the Community Foundation shall terminate the Fund and assets of the Fund shall be distributed to the permanent endowment fund of the Community Foundation.

Fund Minimum. A Fund may be opened with a $5,000 15,000 minimum. A minimum balance of $5,000 15,000 must be maintained. If the Fund balance at any time is less than $5,00015,000, the Community Foundation shall give written notice to the Advisor. The Donor or Advisor Agency shall have 30 days from the date of the written notice to restore the Fund balance to the minimum amount of $5,00015,000. If the Donor or Advisor Agency fails to restore the Fund balance to at least $5,000 15,000 within the 30-30 day period, the Community Foundation shall terminate the Fund and assets of the Fund shall be distributed to the permanent endowment fund of the Community Foundation. Prior to the time that amounts are contributed to the Fund pursuant to Section 3a or 3b of the Fund Agreement, the fund minimum shall not apply.

Fund Minimum. A Fund may be opened with a $5,000 15,000 minimum. A minimum balance of $5,000 15,000 must be maintained. If the Fund balance at any time is less than $5,00015,000, the Community Foundation shall give written notice to the Advisor. The Donor or Advisor shall have 30 days from the date of the written notice to restore the Fund balance to the minimum amount of $5,00015,000. If the Donor or Advisor fails to restore the Fund balance to at least $5,000 15,000 within the 30-30 day period, the Community Foundation shall terminate the Fund and assets of the Fund shall be distributed to the permanent endowment fund of the Community Foundation. Prior to the time that amounts are contributed to the Fund, the fund minimum shall not apply.

Fund Minimum. A Fund may be opened with a $5,000 minimum. A minimum balance of $5,000 must be maintained. If the Fund balance at any time is less than $5,000, the Community Foundation shall give written notice to the Advisor. The Donor or Advisor Giving Together Creates Impact shall have 30 days from the date of the written notice to restore the Fund balance to the minimum amount of $5,000. If the Donor or Advisor fails to restore the Fund balance to at least $5,000 within the 30-30 day period, the Community Foundation shall terminate the Fund and assets of the Fund shall be distributed to the permanent endowment fund of the Community Foundation.

Fund Minimum. A Fund may be opened with a $5,000 minimum. A minimum balance of $5,000 must be maintained. If the Fund balance at any time is less than $5,000, the Community Foundation shall give written notice to the AdvisorDonor. The Donor or Advisor shall have 30 days from the date of the written notice to restore the Fund balance to the minimum amount of $5,000. If the Donor or Advisor fails to restore the Fund balance to at least $5,000 within the 30-30 day period, the Community Foundation shall terminate the Fund and assets of the Fund shall be distributed to the permanent endowment fund of the Community FoundationFund.