Common use of FUND PURPOSE Clause in Contracts

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.

Appears in 3 contracts

Samples: Donor Advised Fund Agreement, Donor Advised Fund Agreement, Donor Advised Fund Agreement

AutoNDA by SimpleDocs

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.

Appears in 2 contracts

Samples: Donor Advised Fund Agreement, Donor Advised Fund Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!