INVESTMENT OF FUND ASSETS. The Legacy Foundation shall have all powers necessary, or in its judgment desirable, to carry out the purposes of the Fund including, but not limited to, the power to retain, invest, and reinvest the assets of the Fund and the power to commingle the assets of the Fund for investment purposes with those of other funds or the Legacy Foundation’s general assets. Funds may be invested in uninsured securities and are subject to investment risks that may result in loss of value.
Appears in 5 contracts
Samples: Field of Interest Fund Agreement, Designated Fund Agreement, Discretionary Scholarship Fund Agreement
INVESTMENT OF FUND ASSETS. The Legacy Foundation shall have all powers necessary, or in its judgment desirable, to carry out the purposes of the Fund including, but not limited to, the power to retain, invest, and reinvest the assets of the Fund and the power to commingle the assets of the Fund for investment purposes with those of other funds or the Legacy Foundation’s general assets. Funds may be invested in uninsured securities and are subject to investment risks that may result in loss of value.
Appears in 5 contracts
Samples: Advised Scholarship Endowment Fund Agreement, Discretionary Scholarship Endowment Fund Agreement, Donor Advised Endowment Fund Agreement
INVESTMENT OF FUND ASSETS. The Legacy Foundation shall have all powers necessary, or in its judgment desirable, to carry out the purposes of the Fund including, but not limited to, the power to retain, invest, and reinvest the assets of the Fund and the power to commingle the assets of the Fund for investment purposes with those of other funds or the Legacy Foundation’s general assets. Funds may be invested in uninsured securities and are subject to investment risks that may result in loss of value; provided, however that the Legacy Foundation is not required to invest the assets in the Fund.
Appears in 4 contracts
Samples: Designated Fund Agreement, Field of Interest Fund Agreement, Scholarship Fund Agreement
INVESTMENT OF FUND ASSETS. The Legacy Foundation shall have all powers necessary, or in its judgment desirable, to carry out the purposes of the Fund including, but not limited to, the power to retain, invest, and reinvest the assets of the Fund and the power to commingle the assets of the Fund for investment purposes with those of other funds or the Legacy Foundation’s general assets. Funds may be invested in uninsured securities and are subject to investment risks that may result in loss of value.are
Appears in 1 contract
Samples: Advised Charitable Organization Nonpermanent Fund Agreement
