Common use of Spendable Letter Clause in Contracts

Spendable Letter. A letter will be mailed annually detailing the available amount for distribution from the Gift fund. Unless otherwise noted, Advisor 1 will be designated as the recipient of the spendable letter. If the spendable letter should instead be sent to a different recipient, please provide the name and full contact information of this recipient in the space below. Name: Address: Fund Advisors Please designate Advisors to the Gift Fund. Please indicate a preference for whether Advisors should be designated: □ No Advisors – the Foundation should use its exclusive discretion in administering the Gift Fund’s distributions and investments. □ Advisors are designated below: A. Advisor(s). Advisor 1: □ Same as Opening Donor(s) □ Other (provide information below): FULL NAME (first, middle, last) PREFERRED SALUTATION (e.g., Xx. Xxxxx X. Smith or Xxx Xxxxx) HOME ADDRESS CITY STATE ZIP RELATIONSHIP TO DONOR DATE OF BIRTH (optional) BUSINESS OR ORGANIZATION NAME TITLE BUSINESS ADDRESS CITY STATE ZIP HOME PHONE BUSINESS PHONE CELL PHONE E-MAIL (preferred) Preferred Phone: □ Home □ Business □ Cell Preferred Mail: □ Home □ Business FULL NAME (first, middle, last) PREFERRED SALUTATION (e.g., Xx. Xxxxx X. Smith or Xxx Xxxxx) HOME ADDRESS CITY STATE ZIP RELATIONSHIP TO DONOR DATE OF BIRTH (optional) BUSINESS OR ORGANIZATION NAME TITLE BUSINESS ADDRESS CITY STATE ZIP HOME PHONE BUSINESS PHONE CELL PHONE E-MAIL (preferred) Preferred Phone: □ Home □ Business □ Cell Preferred Mail: □ Home □ Business B. Online Access to the Gift Fund Choose one level of authority, as defined above: