NOT A SEPARATE TRUST. The Fund shall be a component part of the Foundation’s investments. All money and property in the Fund shall be held as general assets of the Foundation and not segregated as trust property of a separate trust; provided that for purposes of determining the share of the Foundation’s earnings allocable to the Fund and the value of the permanently restricted component of the Fund, the interest of the Fund in the general assets of the Foundation shall be a percentage determined by dividing the total Fund, including permanently restricted and temporarily restricted components, by the then value of the total investment assets of the Foundation, such percentage interest being subject to adjustment at the time of each addition to or reduction of the assets of the Foundation. The receipts and disbursements of this Fund, however, shall be accounted for separately and apart from those of other gifts to the Foundation.
Appears in 3 contracts
Samples: Endowed Scholarship Agreement, Endowed Scholarship Agreement, Endowed Scholarship Agreement
NOT A SEPARATE TRUST. The Fund shall be a component part of the Foundation’s investments. All money and property in the Fund shall be held as general assets of the Foundation and not segregated as trust property of a separate trust; provided that for purposes of determining the share of the Foundation’s earnings allocable to the Fund and the value of the permanently restricted component principal of the Fund, the interest of the Fund in the general assets of the Foundation shall be a percentage determined by dividing the total Fund, including permanently restricted and temporarily restricted components, by the then value of the total investment assets of the Foundation, such percentage interest being subject to adjustment at the time of each addition to or reduction of the assets of the Foundation. The receipts and disbursements of this Fund, however, shall be accounted for separately and apart from those of other gifts to the Foundation.
Appears in 3 contracts
Samples: Endowed Fund Agreement, Endowed Fund Agreement, Endowed Fund Agreement
NOT A SEPARATE TRUST. The Fund shall be a component part of the Foundation’s investments. All money and property in the Fund shall be part of the pool of endowment funds and held as general assets of the Foundation and not segregated as trust property of a separate trust; provided that for purposes of determining the share of the Foundation’s earnings allocable to the Fund and the value of the permanently restricted component principal of the Fund, the interest of the Fund in the general assets pool of the Foundation endowment funds shall be a percentage determined by dividing the total Fund, including permanently restricted and temporarily restricted components, amount of all gifts to the Fund by the then value of the total investment assets all endowment funds of the Foundation, such percentage interest being subject to adjustment at the time of each addition to or reduction of the assets endowment funds of the Foundation. The receipts and disbursements of this Fund, however, shall be accounted for separately and apart from those of other gifts to the Foundation.
Appears in 2 contracts
Samples: Agency Growth Endowment Fund Agreement, Endowment Fund Agreement
