Common use of Purpose of the Fund Clause in Contracts

Purpose of the Fund. The Fund shall be used only for charitable, educational, scientific, literary, or religious purposes (including any combination of such purposes and administrative purposes) within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code) and in furtherance of the purposes of the Foundation, either directly by the Foundation or by contributions to other organizations for such purpose or purposes.

Appears in 3 contracts

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

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Purpose of the Fund. The Fund shall be used only for charitable, educational, scientific, literary, or religious purposes (including any combination of such purposes and administrative purposes) within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code) and in furtherance of the purposes of the Foundation, either directly by the Foundation or by contributions to other organizations for such purpose or purposes.. Specifically, the exempt purpose of the fund shall be [Include statement of purpose here, such as: to end homelessness]

Appears in 2 contracts

Samples: Field of Interest Fund Agreement, Fund Agreement

Purpose of the Fund. The Fund shall be used only for charitable, educational, scientific, literary, or religious purposes (including any combination of such purposes and administrative purposes) within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code) and in furtherance of the purposes of the Foundation, either directly by the Foundation or by contributions to other organizations for such purpose or purposes.. Specifically, the key purpose of the Fund shall be to support

Appears in 1 contract

Samples: Designated Fund Agreement

Purpose of the Fund. The Fund shall be used only for charitable, educational, scientific, literary, or religious purposes (including any combination of such purposes and administrative purposes) within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code) and in furtherance of the purposes of the Foundation, either directly by the Foundation or by contributions to other organizations for such purpose or purposes.. Specifically, the sole purpose of the Fund shall be to support the Project, which is described and incorporated herein as follows:

Appears in 1 contract

Samples: Designated Fund Agreement

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Purpose of the Fund. The Fund shall be used only for charitable, educational, scientific, literary, or religious purposes (including any combination of such purposes and administrative purposes) within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code) and in furtherance of the purposes of the Foundation, either directly by the Foundation or by contributions to other organizations for such purpose or purposes. Specifically, subject to Section 6 hereof, the Fund shall be used for support of the charitable or educational purposes of the Agency.

Appears in 1 contract

Samples: Fund Agreement

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