Common use of Grant Recommendation Policies Clause in Contracts

Grant Recommendation Policies. x. Xxxxx Disbursements Grants may be paid to organizations defined as tax-exempt public charities under Sections 501(c)(3) and 509(a) of the Internal Revenue Code. Although The Community Foundation encourages donors to invest in the Washington metropolitan region, Fund Advisors may suggest a grant to any public charity located in the United States. The minimum grant amount allowed is $250. There is no limit to the number of grants allowed each year. As confirmed in the Agreement, while The Community Foundation intends to follow donor and other Fund Advisor recommendations as closely as possible, The Community Foundation has full discretion whether to make a grant to a particular organization recommended by a Fund Advisor.

Appears in 2 contracts

Samples: static1.squarespace.com, static1.squarespace.com

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Grant Recommendation Policies. x. Xxxxx Disbursements Grants may be paid to organizations defined as tax-exempt public charities under Sections 501(c)(3) and 509(a) of the Internal Revenue Code. Although The Community Foundation encourages donors to invest in the Washington metropolitan region, Fund Advisors may suggest a grant to any qualified public charity located in the United States. The minimum grant amount allowed is $250. There is no limit to the number of grants allowed each year. As confirmed in the Agreement, while The Community Foundation intends to follow donor and other Fund Advisor recommendations as closely as possible, The Community Foundation has full discretion whether to make a grant to a particular organization recommended by a Fund Advisor.

Appears in 2 contracts

Samples: static1.squarespace.com, static1.squarespace.com

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