FUND PURPOSE Sample Clauses
The FUND PURPOSE clause defines the specific objectives and intended activities for which a fund is established. It typically outlines the types of investments or projects the fund will support, the geographic or sectoral focus, and any restrictions on the use of the fund’s assets. By clearly stating the fund’s purpose, this clause ensures that all parties understand the scope of the fund’s operations and helps prevent misuse of funds, thereby maintaining alignment with investor expectations and regulatory requirements.
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FUND PURPOSE. The primary purpose of the Fund shall be to provide support for social justice organizations and in particular to those organizations who meet the criteria set forth in Schedule A of this Agreement. All support provided from the Fund shall further the exempt purposes of Seeding Justice within the meaning of IRC §501(c)(3) and shall be consistent with the mission and purposes of Seeding Justice.
FUND PURPOSE. The fund shall be used exclusively for the purpose(s) herein set forth and will be administered under the following terms.
FUND PURPOSE. The primary purpose of the Fund shall be to recommend charitable grants approved by the Foundation as consistent with the needs of the community served by the Foundation that further the charitable purposes of the community within the meaning of Code section 170(c)(1) or 170(c)(2)(B) and are consistent with the mission and charitable or other exempt purposes of the Foundation.
FUND PURPOSE. ☐ General charitable purposes ☐ Specific purpose:
FUND PURPOSE. The primary purpose of the Fund shall be to provide support to (hereinafter the “Designated Agency”) (a single tax-exempt not-for-profit organization described in Code sections 501(c)(3) and either 509(a)(1), 509(a)(2), or 509(a)(3)), and its successors in interest to carry out its role and mission as described by its governing documents. Such support shall be used to further the charitable or other exempt purposes of the Designated Agency within the meaning of Code section 170(c)(1) or 170(c)(2)(B) and shall be consistent with the mission and purposes of the Foundation.
FUND PURPOSE. The primary purpose of the Fund shall be to provide grant awards in support of [SPECIFY BROAD AREA OF INTEREST(S)] as further defined in the Fund’s Guidelines, attached and made a part of this Agreement.
FUND PURPOSE. The primary purpose of the Fund shall be to provide support for social justice organizations and in particular to those organizations who meet the criteria set forth in Schedule A of this Agreement. All support provided from the Fund shall further the exempt purposes of MRG within the meaning of IRC §501(c)(3) and shall be consistent with the mission and purposes of MRG.
FUND PURPOSE. Distributions will be made from the ▇▇▇▇▇▇▇▇▇▇ Fund in accordance with the policies and practices of the University (such distributions hereinafter referenced as the “Income”). The Income of the ▇▇▇▇▇▇▇▇▇▇ Fund shall be used to create a ▇▇▇▇’▇ chair in the School of Data Science and to support the future salary and priorities of the ▇▇▇▇ of the School of Data Science at the University of Virginia. The ▇▇▇▇’▇ chair will be held by the ▇▇▇▇ throughout his/her tenure as ▇▇▇▇ of the School of Data Science.
FUND PURPOSE. The primary purpose of the Fund shall be to provide financial support to in Anniston, Alabama (the “Beneficiary Charity”), (a single tax- exempt not-for-profit organization described in Code sections 501(c)(3) and either 509(a)(1), 509(a)(2), or 509(a)(3)), and its successors in interest to carry out its role and mission as described by its governing documents. Such support shall be used to further the charitable or other exempt purposes of the Beneficiary Charity within the meaning of Code section 170(c)(1) or 170(c)(2)(B) and shall be consistent with the mission and purposes of the Foundation.
FUND PURPOSE. The primary purpose of the Fund shall be to provide support for educational scholarships for students who are accepted into and attend accredited two- or four-year public or private institutions of higher learning as described in Code section 170(b)(1)(A)(ii), and in particular to such students as further defined in the Fund’s Scholarship Fund Guidelines, attached and made a part of this Agreement. In the event that the Fund’s Scholarship Fund Guidelines are too restrictive (because no student acceptable to the Foundation meets the criteria, or for other reasons), the purpose of the Fund shall include the support of educational scholarships for deserving students who most closely satisfy the criteria. All support provided from the Fund shall further the educational, charitable, or other exempt purposes of the Foundation within the meaning of Code section 170(c)(1) or 170(c)(2)(B) and shall be consistent with the mission and purposes of the Foundation.