Common use of NOT A SEPARATE TRUST Clause in Contracts

NOT A SEPARATE TRUST. The Fund shall be a component part of the Community Foundation. All money and property in the Fund shall be held as general assets of the Community Foundation and not segregated as trust property of a separate trust.

Appears in 36 contracts

Samples: Scholarship Endowment Fund Agreement, Donor Advised Endowment Fund Agreement, Endowment Fund Agreement

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NOT A SEPARATE TRUST. The Fund shall be a component part of the Community Foundation. All money and property in the Fund shall be held as general assets of the Community Foundation and not segregated as trust property of a separate trust; provided that the Fund shall be allocated its pro rata share of the net earnings of the Community Foundation’s long-term pool, such percentage interest being subject to adjustment at the time of each addition to, or reduction of, assets in the long-term pool.

Appears in 5 contracts

Samples: Donor Designated Endowment Fund Agreement, Donor Field of Interest Endowment Fund Agreement, Charitable Fund Agreement

NOT A SEPARATE TRUST. The Fund shall be a component part of the Community Foundation. All money and property in the Fund shall be held as general assets of the Community Foundation and not segregated as trust property of a separate trust.

Appears in 3 contracts

Samples: Legacy Fund Agreement, Corporate Investor Agreement, Unrestricted Endowment Fund Agreement

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NOT A SEPARATE TRUST. The Fund shall be a component part of the Community Foundation. All money and property in the Fund shall be held as general assets of the Community Foundation and not segregated as trust property of a separate trust; provided that the Fund shall be allocated its pro rata share of the net earnings of the Community Foundation’psool in which the Fund is invested, such percentage interest being subject to adjustment at the time of each addition to, or reduction of, assets in the pool in which the Fund is invested.

Appears in 1 contract

Samples: Scholarship Pass Through Fund Agreement

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