RECOMMENDATIONS FOR DISTRIBUTIONS. Subject to the Community Foundation’s principles and procedures for advised funds, the commitments, grants, or expenditures from the Fund contemplated in this Agreement shall be made at such time or times and in such amount or amounts as may be determined by the Community Foundation; provided, however, that Donors (or any one individual designated by the Donors as the Fund advisor) may from time to time submit to the Community Foundation recommendations regarding appropriate expenditures or the names of specified organizations described in Code section 170(b)(1)(A) to which it is recommended that distributions be made. All recommendations from Donors or the designated advisor shall be solely advisory, and the Community Foundation may accept or reject them, applying reasonable standards and guidelines with regard thereto. If both spouses sign this Agreement as Donors, each shall be equally entitled to advise as to Fund distributions while both survive. After the first of the Donors to die, the surviving Donor may make all such recommendations. After the death of both Donors or the last properly designated advisor (if later), the assets of the Fund shall be added to, and maintained, expended, or distributed as part of, the general endowment funds of the Community Foundation.
RECOMMENDATIONS FOR DISTRIBUTIONS. Subject to the Legacy Foundation’s principles and procedures for advised funds, the commitments, grants, or expenditures from the Fund contemplated in this Agreement shall be made at such time or times and in such amount or amounts as may be determined by the Legacy Foundation; provided, however, that the Committee (if any) may from time to time submit to the Legacy Foundation the names of proposed recipients for educational scholarships from the Fund. All recommendations from the Committee shall be solely advisory, and the Legacy Foundation may accept or reject them, applying reasonable standards and guidelines with regard thereto.
RECOMMENDATIONS FOR DISTRIBUTIONS. Acknowledging the policies of the Community Foundation, and consistent with such procedures and subject to the provisions in Paragraph 4 above, the Town Manager or his/her designee may request distribution or grants from the Fund in support of Fund’s mission.
RECOMMENDATIONS FOR DISTRIBUTIONS. The Donor and any advisors named by the Donor may recommend distributions from the Fund.
RECOMMENDATIONS FOR DISTRIBUTIONS. Subject to the Legacy Foundation’s principles and procedures for advised funds, the commitments, grants, or expenditures from the Fund contemplated in this Agreement shall be made to the Charitable Organization at such time or times and in such amount or amounts as may be determined by the Legacy Foundation; provided, however, that the Charitable Organization may from time to time submit to the Legacy Foundation recommendations regarding specific purposes or amounts for distributions to the Charitable Organization. All recommendations from the Charitable Organization shall be solely advisory, and the Legacy Foundation may accept or reject them, applying reasonable standards and guidelines with regard thereto.
RECOMMENDATIONS FOR DISTRIBUTIONS. Subject to the Legacy Foundation’s principles and procedures for advised funds, the commitments, grants, or expenditures from the Fund contemplated in this Agreement shall be made at such time or times and in such amount or amounts as may be determined by the Legacy Foundation; provided, however, that Donors (or any one individual designated by the Donors as the Fund advisor) may from time to time submit to the Legacy Foundation recommendations regarding appropriate expenditures or the names of specified organizations described in Code section 170(b)(1)(A) to which it is recommended that distributions be made. All recommendations from Donors or the designated advisor shall be solely advisory, and the Legacy Foundation may accept or reject them, applying reasonable standards and guidelines with regard thereto (including policies and procedures implemented to comply with applicable law). If both spouses sign this Agreement as Donors, each shall be equally entitled to advise as to Fund distributions while both survive. After the first of the Donors to die, the surviving Donor may make all such recommendations. After the death of both Donors or the last properly designated advisor (if later), the assets of the Fund shall be added to, and maintained, expended, or distributed as part of, the general assets of the Legacy Foundation. Moreover, in the event that no grant recommendations are made from the Fund for a period of three years and, during such time the Donors (or the Fund advisor, if applicable) do not reply to the Legacy Foundation’s attempts to contact them, the Legacy Foundation will begin making grants from the Fund pursuant to the spending policy of the Legacy Foundation and consistent with the Fund’s purpose. If no purpose is identified in the fund agreement the spendable assets in the Fund will become part of the Foundation’s unrestricted endowment. See Legacy Foundation’s Inactive Fund Policy for details on grantmaking activity and exceptions.
RECOMMENDATIONS FOR DISTRIBUTIONS. Subject to the Community Foundation’s principles and procedures for advised funds, the commitments, grants, or expenditures from the Fund contemplated in this Agreement shall be made to the Charitable Organization at such time or times and in such amount or amounts as may be determined by the Community Foundation; provided, however, that the Charitable Organization may from time to time submit to the Community Foundation recommendations regarding specific purposes or amounts for distributions to the Charitable Organization. All recommendations from the Charitable Organization shall be solely advisory, and the Community Foundation may accept or reject them, applying reasonable standards and guidelines with regard thereto.
RECOMMENDATIONS FOR DISTRIBUTIONS. Subject to the Community Foundation’s principles and procedures for advised funds, the commitments, grants, or
RECOMMENDATIONS FOR DISTRIBUTIONS. Acknowledging the policies of the Community Foundation, and consistent with such procedures and subject to the provisions in Paragraph 4 above, a scholarship selection committee (“Selection Committee”), established jointly by the Community Foundation and the Town of Bluffton, will make recommendations to the Community Foundation’s Board of Directors regarding distributions from the Fund. The Community Foundation shall issue a check in the amount of the scholarship(s) awarded at such time as the Advisory Committee shall specify and the Community Foundation shall deliver the check to the designated college/university that each scholarship recipient(s) will attend. Within the Community Foundation’s principles and procedures for a Scholarship Fund, distributions from the Fund shall be made at such time or times and in such amount or amounts as may be determined solely by the Community Foundation to such organizations of the type described in Paragraph 4 above as may be determined by the Community Foundation.
RECOMMENDATIONS FOR DISTRIBUTIONS. Subject to the Community Foundation’s principles and procedures for advised funds, the commitments, grants, or expenditures from the Fund contemplated in this Agreement shall be made at such time or times and in such amount or amounts as may be determined by the Community Foundation; provided, however, that Donor may from time to time submit to the Community Foundation recommendations regarding appropriate expenditures or the names of specified organizations described in Code section 170(b)(1)(A) to which it is recommended that distributions be made. All recommendations from Donor shall be solely advisory, and the Community Foundation may accept or reject them, applying reasonable standards and guidelines with regard thereto. After the death of the Donor, the assets of the Fund shall be added to the Donor’s endowed fund, if one exists, or maintained, expended, or distributed as part of, the general assets of the Community Foundation.
