Restrictions on Grants. Nothing contained in the Plan will be deemed in any way to limit or restrict the Committee from making any Award or payment to any person under any other plan, arrangement or understanding, whether now existing or hereafter in effect.
Restrictions on Grants. In compliance with the Internal Revenue Code, grants are not permitted, for non-charitable purposes; for political contributions or to support political campaign activities; or for any purpose that would provide benefits, goods or services to a donor to the fund, the fund’s advisor(s) or other related parties. Distributions can include allocations from both the income and principal in the Fund. A fund advisor is subject to IRS penalties if the fund’s donor(s), advisor(s) or other related parties receive benefits, goods or services in connection with a grant recommendation. This includes grants to satisfy pledges made by any person, including a fund advisor, and non-deductible (or partially tax- deductible) memberships, event tickets, sponsorships, registration fees in tournaments and cause- related marketing activities. Grants are generally not allowed to private non-operating foundations, unless certain exceptions are met. Please contact CFNJ if you have questions about the exclusion of benefits from grant recommendations and/or multiple-year payments. FEES AND MINIMUMS While there is no set-up fee to open a fund at CFNJ, with certain exceptions, gifts must meet specific initial gift minimums, which vary by fund type. A list of current fees and initial gift minimums is available upon request. CFNJ reserves the right to change its fee or minimum policies at any time. Supporting Fees CFNJ’s annual operating budget is supported in large part by the fees we receive from managing the assets of Business and Donor Advised Funds, enabling CFNJ to have a powerful impact in the state. Supporting fees cover the costs of the Foundation’s core services, including philanthropic advising, grantmaking, gift and grant processing, investment and charitable asset management, planned giving services, new fund development, civic leadership activities, communications and non-profit capacity building. Subject to change, supporting fees are 3 percent on funds contributed to the fund. We are available to discuss other fee arrangements if there are special circumstances. Investment Fees Funds invested in several of our funds incur costs related to third-party investment management and consulting and bank custodian servicers. CFNJ’s investment fee is a blended rated based on the asset values and current fees charged by our underlying investment managers and custodians; returns are net of those fees. FUND RELATIONSHIP AND FUND ADVISORY PRIVILEGES DEFINITIONS: Primary Contact: One pe...
Restrictions on Grants. In compliance with the Internal Revenue Code, grants are not permitted to individuals, for non-charitable purposes; for political contributions or to support political campaign activities; or for any purpose that would provide benefits, goods or services to a donor to the fund, the fund’s advisor(s) or other related parties. A fund advisor is subject to IRS penalties if the fund’s donor(s), advisor(s) or other related parties receive benefits, goods or services in connection with a grant recommendation. This includes grants to satisfy pledges made by any person including a fund advisor and non- deductible (or partially tax-deductible) memberships, event tickets, sponsorships, registration fees in tournaments and cause-related marketing activities. Grants are not allowed to private non-operating foundations. Please contact the community foundation if you have questions about the exclusion of benefits from grant recommendations and/or multiple-year payments. Payments from an Advised Fund The community foundation does not permit expense reimbursements, loans, compensation or other similar payments from an advised fund to any donor, fund advisor or related party. All expenses must be paid by the community foundation directly after appropriate review of the expenses and their payees and must be preapproved by the community foundation prior to being incurred. Legislation regulating these payments is currently being clarified and each arrangement will be reviewed individually in light of these evolving policies. The expense submitted for review must be charitable in nature or support a charitable purpose.
Restrictions on Grants. In compliance with the Internal Revenue Code, grants are not permitted to individuals, for non‐charitable purposes; for political contributions or to support political campaign activities; or for any purpose that would provide benefits, goods, or services to a donor to the fund, the fund’s advisors, or other related parties. A fund advisor is subject to IRS penalties if the fund’s donors, advisors or other related parties receive benefits, goods, or services in connection with a grant recommendation. This includes grants to satisfy pledges made by any person (including the donor, a fund advisor and related parties) and non‐ deductible (or partially tax‐deductible) memberships, event tickets, sponsorships, registration fees in tournaments and cause‐related marketing activities. Grants are not allowed to private non‐operating foundations. Please contact the Community Foundation if you have questions about the exclusion of benefits from grant recommendations and/or multiple‐year payments. Payments from a Donor Advised Fund Expense reimbursements, loans, compensation, or other similar payments are not permitted from a donor advised fund to any donor, fund advisor, or related party.
Restrictions on Grants. In compliance with the Internal Revenue Code, grants are not permitted to private non-operating foundations or entities not recognized as public charities; for political contributions or to support political campaign activities; or for any purpose that would provide benefits, goods or services to the advisor recommending the grant. Grants to individuals are not allowed. An advisor is subject to IRS penalties if the advisor knowingly recommends a grant that provides benefits, goods or services to the advisor. This includes grants to satisfy pledges and non-deductible memberships, event tickets, sponsorships, registration fees in tournaments and cause-related marketing activities. Please contact the community foundation if you have questions about the exclusion of benefits from grant recommendations. Expense Reimbursement The community foundation does not permit expense reimbursements from an advised fund to any donor, fund advisor or related party. All expenses must be paid by the community foundation directly after appropriate review of the expenses and their payees and must be pre- approved by the CEO, CFO or controller of the community foundation prior to being incurred. Legislation regulating these payments is currently being clarified and each arrangement will be reviewed individually in light of these evolving policies. The expense submitted for review must be charitable in nature or support a charitable purpose.
Restrictions on Grants. Notwithstanding anything to the contrary, the Lessee shall not grant or allow to be granted any sublease, charge, mortgage or other arrangement except in circumstances where the rights of any other party who will or may acquire an interest in the Land (including any sublessee, chargeholder, mortgagee or mortgagee in possession):
