INVESTMENT OF FUND ASSETS. 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 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: Donor Advised Endowment Fund Agreement, Discretionary Scholarship Endowment Fund Agreement, Scholarship 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: Scholarship Nonpermanent Fund Agreement, Donor Advised Nonpermanent Fund Agreement, Organization Nonpermanent 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 3 contracts
Samples: Scholarship Endowment Fund Agreement, Agreement, Agreement
