Purpose of Fund. The primary purpose of the Fund shall be to provide support, consistent with the exempt purposes of the Foundation, to: ,
Purpose of Fund. The primary purpose of the Fund is to benefit certain qualified charitable organizations. The term “qualified charitable organization” as used herein shall mean an organization described in Section 501(c)(3) of the Internal Revenue Code, which is also described in Sections 509(a)(1), 509(a)(2), or 509(a)(3) of the Internal Revenue Code (except for an organization that is Type III and not functionally integrated; and that primarily (more than 50%) benefits Montana communities and citizens. The Fund is intended to further or carry out the nonprofit purposes of the qualified charitable organizations to the extent that those purposes are consistent with the general nonprofit purposes of the Community Foundation. This Fund is a permanent irrevocable fund, as defined by M.C.A. Section 15-30-2327 and the Administrative Rules thereunder, as amended (an "irrevocable fund"). It is intended that gifts to the Fund will qualify for the Montana Charitable Endowment Tax Credit to the extent the donor so elects. Accordingly, all provisions of this Agreement shall be interpreted and applied in a manner that is consistent with this intention. All powers or discretions granted herein shall not be exercised or exercisable except in a manner consistent with this intent.
Purpose of Fund. The Fund shall be held by TGKVF as a perpetual charitable fund created for the purpose of carrying out the exempt purposes of TGKVF and the Foundation, within the meaning of Section 501(c)(3) of the Code, in accordance with the provisions of this Agreement.
Purpose of Fund. The primary purpose of the Fund is to benefit certain qualified charitable organizations. The term “qualified charitable organization” as used herein shall mean an organization described in Section 501(c)(3) of the Internal Revenue Code, which is also described in Sections 509(a)(1), 509(a)(2), or 509(a)(3) of the Internal Revenue Code (except for an organization that is Type III and not functionally integrated. The Fund is intended to further or carry out the nonprofit purposes of the qualified charitable organizations to the extent that those purposes are consistent with the general nonprofit purposes of the Community Foundation.
Purpose of Fund. The purpose of the Fund shall be: (a) to invest in Portfolio Company Securities and to engage in any and all activities necessary, incidental, proper, advisable or convenient to the foregoing and (b) to engage in any and all other lawful activities and transactions as may be necessary, advisable, or desirable, as determined by the Manager, in its sole discretion, to carry out the foregoing or any reasonably related activities.
Purpose of Fund. Income and principal of the Fund shall be disbursed for the charitable uses and purposes described in Attachment A (the “Project”).
Purpose of Fund. Subject to the terms and conditions of this Agreement, including the Agreement Terms set forth in Exhibit B and the modifications and exceptions set forth in Exhibit C, the Fund has been created as a venture capital fund and is pursuing a general venture capital strategy for the following purposes: (a) to invest in Portfolio Company Securities and to engage in any and all activities necessary, incidental, proper, advisable or convenient to the foregoing and (b) to engage in any and all other lawful activities and transactions as may be necessary, advisable, or desirable, as determined by the Organizer, in its sole discretion, to carry out the foregoing or any reasonably related activities.
Purpose of Fund. The purpose of the Fund is to conduct, operate and carry on the business of a registered management investment company registered under the 1940 Act investing primarily in securities and rights of a financial character and, in addition to any authority given by law, to exercise all of the powers and to do any and all of the things as fully and to the same extent as any private corporation organized for profit under the general corporate law of the State of Delaware, now or hereafter in force, including, without limitation, the following powers:
Purpose of Fund. The purposes of the Fund shall be to provide the resources necessary to finance the biennial capital and operating budget of the Court and the Commission in perpetuity.
Purpose of Fund. Except as permitted by the Act and the Regulation, all money or other assets that is the subject of the Transfer, including all investment earnings thereon and gains realized thereof, but excluding all fees, charges, expenses and taxes charged to this Fund, shall be used to provide the Annuitant with an income of which the amount may vary annually.
