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. One or more Donors or other designated Advisors may offer to the Foundation appropriate recommendations of grants and distributions from the Gift Fund. Such recommendation rights may be allowed or terminated from time to time in the exclusive discretion of the Foundation’s Board of Directors in order to ensure compliance with applicable federal or state laws that govern the operation and administration of such funds. Such laws require that the final grantmaking and investment authority and discretion for the Gift Fund are vested in the Foundation. 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:
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Samples: www.fftc.org, www.fftc.org, www.fftc.org
