Common use of Signature Program Funds Clause in Contracts

Signature Program Funds. Approval of an IEEE Program as a Foundation Signature Program shall activate the automatic establishment and management of a Fund that may be spent until depleted with the purpose of supporting that Signature Program. Sub-Funds to the Signature Program Fund shall be automatically established and managed, as needed, to accommodate donor imposed restrictions that concentrate programmatic support differently than the main Fund’s programmatic purpose and/or type of gift (i.e. endowment, quasi-endowment, last specific number of years). In all cases, the Sub-Funds must meet the minimum gift requirements of the Foundation.