Common use of Management of Fund Clause in Contracts

Management of Fund. a. ACF shall hold, manage, invest and reinvest the Fund, collect the income, and shall pay and disburse grants from the Fund exclusively for general charitable uses and purposes, in accordance with the provisions specified in ACF’s Amended and Restated Articles of Incorporation and Bylaws, which provisions are hereby incorporated by reference and conclusively assented to and adopted. Assets of the Fund may be commingled for purposes of investment with other assets of ACF. For purposes of this instrument, the term "charitable uses and purposes" is defined as all of those activities, uses, and purposes described in Section 501(c)(3) of the Internal Revenue Code of 1986, as from time to time amended ("Code"). b. ACF invests funds according to the ACF’s approved Investment Policy, as amended from time to time. ACF does not predict any particular result and does not guarantee any particular result related to investments.

Management of Fund. a. ACF shall hold, manage, invest and reinvest the Fund, collect the income, and shall pay and disburse grants from the Fund exclusively for general charitable uses and purposes, in accordance with the provisions specified in ACF’s Amended and Restated Articles of Incorporation and Bylaws, which provisions are hereby incorporated by reference and conclusively assented to and adopted. Assets of the Fund may be commingled for purposes of investment with other assets of ACF. For purposes of this instrument, the term "charitable uses and purposes" is defined as all of those activities, uses, and purposes described in Section 501(c)(3) of the Internal Revenue Code of 1986, as from time to time amended ("Code"). b. ACF invests funds according to the ACF’s approved Investment Policy, as amended from time to time. ACF does not predict any particular result and does not guarantee any particular result related to investments.