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 (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 endowment funds of the Community Foundation. Moreover, in the event that no grant recommendations are made from the Fund for a period of [two years] and, during such time the Donors (or the Fund advisor, if applicable) do not reply to the Community Foundation’s attempts to contact them, the Community Foundation will begin making grants from the Fund pursuant to the spending policy of the Community Foundation and consistent with the Fund’s purpose or Donors’ grantmaking history for an additional [three-year] period. If no grant is recommended in this subsequent [three-year] period by the Donors (or Fund advisor) 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.
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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 approved by the Community Foundation; provided, however, provided that Donors (or any one individual designated by the Donors as the Fund advisor) may from time to time Founding Contributors 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 Founding Contributors shall be solely advisory, and the Community Foundation may accept or reject them, applying reasonable standards and guidelines with regard thereto (including policies and procedures implemented thereto. Charitable Fund grant recommendations are to comply with applicable law). If both spouses sign this Agreement as Donors, each be submitted to HCCF using Donor Advised Recommendation Form-Exhibit B. All grant checks will be accompanied by letter-Exhibit C. Both Founding Contributors shall be equally entitled to advise as to Fund distributions while both survive. After the first of the Donors Founding Contributors to die, the surviving Donor may make all such recommendations. After recommendations until such time as they either relinquish their responsibility or fail to respond to multiple requests spanning more than twelve months for advice from 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 Xxxxxxx County Community Foundation. MoreoverSecond and third generation family members may continue advising privileges given fund minimum balance requirements be met; otherwise, the advisory relationship terminates. Upon termination of the advisory relationship, the fund shall become that of the donor’s choice and the rollover of the advisory fund shall be determined by the donor(s) during the inception of the advisory fund. Such determination shall be placed in the event language of the original advisory fund agreement The Community Foundation requests, but does not mandate that no grant recommendations are made from 25% of the Fund residual fund be designated for a period unrestricted community grantmaking while 75% of [two years] and, during such time the Donors (or the Fund advisor, if applicable) do not reply residual go to the Community Foundationfund of donor’s attempts to contact them, the Community Foundation will begin making grants from the Fund pursuant to the spending policy of the Community Foundation and consistent with the Fund’s purpose or Donors’ grantmaking history for an additional [three-year] period. If no grant is recommended in this subsequent [three-year] period by the Donors (or Fund advisor) the assets of the Fund shall be added to, and maintained, expended, or distributed as part of, the general endowment funds of the Community Foundationchoice.
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RECOMMENDATIONS FOR DISTRIBUTIONS. Subject to the Community 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 Community 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 Community 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 Community 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 endowment funds assets of the Community Legacy Foundation. Moreover, in the event that no grant recommendations are made from the Fund for a period of [two years] three years and, during such time the Donors (or the Fund advisor, if applicable) do not reply to the Community Legacy Foundation’s attempts to contact them, the Community Legacy Foundation will begin making grants from the Fund pursuant to the spending policy of the Community Legacy Foundation and consistent with the Fund’s purpose or Donors’ grantmaking history for an additional [three-year] periodpurpose. If no grant purpose is recommended identified in this subsequent [three-year] period by the Donors (or fund agreement the spendable assets in the Fund advisor) the assets will become part of the Foundation’s unrestricted endowment. See Legacy Foundation’s Inactive Fund shall be added to, Policy for details on grantmaking activity and maintained, expended, or distributed as part of, the general endowment funds of the Community Foundationexceptions.
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