Common use of NOT A SEPARATE TRUST Clause in Contracts

NOT A SEPARATE TRUST. The Fund shall be a component part of the Foundation. 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. The Foundation, in its normal corporate capacity, shall have ultimate authority and control over all property held in the Fund, and the income derived therefrom, for charitable, educational purposes of the Fund.

NOT A SEPARATE TRUST. The Fund shall be a component part fund of the Foundation. 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. The ; Foundation, in its normal corporate capacity, shall have ultimate authority and control over all property held in the Fund, and the income derived therefrom, for charitable, educational purposes of the Fundor charitable entity.

NOT A SEPARATE TRUST. The Fund shall be a component part fund of the Foundation. 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. The , Foundation, in its normal corporate capacity, shall have ultimate authority and control over all property held in the Fund, and the income derived therefrom, for charitable, educational purposes of the Fundor other charitable entity.

NOT A SEPARATE TRUST. The Fund shall be a component part of the Foundation. All money and property in the Fund shall be part of the pool of funds and held as general assets of the Foundation and not segregated as trust property of a separate trust. The Foundation, in its normal corporate capacity, shall have ultimate authority and control over all property held in the Fund, and the income derived therefrom, for charitable, educational purposes of the Fund.