Common use of SIGNATURE PROGRAMS Clause in Contracts

SIGNATURE PROGRAMS. Signature Programs are IEEE run public imperatives for which the Foundation proactively raises external philanthropic dollars in partnership with the IEEE Organizational Unit (OU) that runs the program. Signature Programs are designed to elicit response that inspires a donor or prospect to make a gift. The duration of a Signature Program will vary depending upon the needs and objectives of the program. The addition of Signature Programs shall not be a routine activity for the Foundation. Signature Programs shall only be added after careful consideration, research, agreed upon jointly with IEEE and approved by the Foundation Board of Directors. During the start-up phase of a Signature Program, the Foundation may provide Launch Funding. The Launch Funding guidelines are specified in Section 1.1.F1 of the IEEE Foundation Operations Manual. Funding for Signature Programs shall be provided in the form of grants to IEEE. The grant document shall not define a time parameter or the funding amount. The funding amount shall be determined annually during the annual budgeting process. Both IEEE and the Foundation must approve the budgets for Signature Programs annually. The IEEE OU must manage the program within the funding it is provided from IEEE and the Foundation. To maintain the status as a Signature Program, the IEEE OU that runs the program must provide the prescribed reports to the Foundation which will be used to assess the effectiveness and worthiness of the program. The Foundation may elect to withdraw Signature Program status based on these reports and other considerations within its discretion.