Common use of GIFT AND FUND DESIGNATION Clause in Contracts

GIFT AND FUND DESIGNATION. Donors hereby transfer irrevocably to the Community Foundation the sum of dollars ($ xx) to establish a designated endowment fund to be known as the __________________________________ Fund (the “Fund”). Subject to the right of the Community Foundation to reject any particular gift, from time to time the Community Foundation may accept additional irrevocable gifts of property from Donors or from any other source to be added to the Fund, all subject to the provisions hereof. All gifts, bequests, and devises to this Fund shall be irrevocable once accepted by the Community Foundation.

GIFT AND FUND DESIGNATION. Donors hereby transfer irrevocably to the Community Foundation the sum of dollars ($ xx) to establish a designated discretionary endowment fund to be known as the __________________________________ Fund (the “Fund”). Subject to the right of the Community Foundation to reject any particular gift, from time to time the Community Foundation may accept additional irrevocable gifts of property from Donors or from any other source to be added to the Fund, all subject to the provisions hereof. All gifts, bequests, and devises to this Fund shall be irrevocable once accepted by the Community Foundation.

GIFT AND FUND DESIGNATION. Donors hereby transfer irrevocably to the Community Foundation the sum of dollars dollars, ($ xx) to establish a designated discretionary scholarship endowment fund to be known as the __________________________________ Fund (the “Fund”). Subject to the right of the Community Foundation to reject any particular gift, from time to time the Community Foundation may accept additional irrevocable gifts of property from Donors or from any other source to be added to the Fund, all subject to the provisions hereof. All gifts, bequests, and devises to this Fund shall be irrevocable once accepted by the Community Foundation.

GIFT AND FUND DESIGNATION. Donors hereby transfer irrevocably to the Community Foundation the sum of dollars ($ xx) to establish a designated endowment an advised non-permanent fund to be known as the __________________________________ Fund (the “Fund”). Subject to the right of the Community Foundation to reject any particular gift, from time to time the Community Foundation may accept additional irrevocable gifts of property from Donors or from any other source to be added to the Fund, all subject to the provisions hereof. All gifts, bequests, and devises to this Fund shall be irrevocable once accepted by the Community Foundation.

GIFT AND FUND DESIGNATION. Donors hereby transfer irrevocably to the Community Foundation the sum of dollars ($ xx) to establish a designated endowment fund to be known as the __________________________________ Fund (the “Fund”). Subject to the right of the Community Foundation to reject any particular gift, from time to time the Community Foundation may accept additional irrevocable gifts of property from Donors or from any other source to be added to the Fund, all subject to the provisions hereof. All gifts, bequests, and devises to this Fund shall be irrevocable once accepted by the Community Foundation.