No Other Distributions. In transferring its property to the Fund, the Agency intends to create a permanent endowment. No distributions in excess of the amount dictated by the application of the Foundation’s spending policy may be made to the Agency in any year.
Appears in 3 contracts
Samples: Agency Endowment, California Community Foundation Nonprofit, cnycf.org
No Other Distributions. In transferring its property to the Fund, the Agency intends to create a permanent endowment. No distributions in excess of the amount dictated by the application of the FoundationBCF’s spending policy may be made to the Agency in any year.
Appears in 1 contract
Samples: Agency Fund Agreement
