Successor Advisors. The Opening Donor(s) may designate Successor Advisors for the Gift Fund after the death or incapacity of the initial Advisors. Such Successor Advisors shall have the privilege of offering recommendations appropriate for the Gift Fund. An Advisor may change this designation at any time by completing the Advisor Information Form available from the Foundation. When Successor Advisors become the active Advisors for the Gift Fund, all Fund correspondence will be sent to Successor Advisor 1, unless otherwise specified. Please refer to The Charitable Giving Guide for further information. 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
Successor Advisors. Once a successor advisor to a donor advised fund becomes the primary advisor, they in turn can appoint their own successor advisors. There is no limit to the number of times an advisor can appoint a successor advisor for active funds.
Successor Advisors. Donors may designate individuals as successor advisor(s), who have privileges to make recommendations appropriate for the fund. A donor advisor may change this designation at any time by completing a new Succession Plan Agreement.
Successor Advisors. The Founders may designate individuals to serve as Successor Advisors with the privilege of making grant recommendations from the Fund in the event of the Advisor’s death, resignation, incapacity or inability to serve for any reason. When Successor Advisors assume responsibility for the Fund, unless otherwise specified by the Founders, they in turn may name additional Successor Advisors, subject to BCF’s approval. Successor Advisors may be changed or added by submitting an Advisor Update Form to BCF. Name: Relationship to Founder: Address: Phone: Email: Year of Birth: Name: Relationship to Founder: Address: Phone: Email: Year of Birth:
Successor Advisors. The donor and any fund advisor may designate any person within one generation to be a successor advisor to exercise the privileges and duties of a fund advisor. Successor advisors may assume the privilege to advise the fund only after the deaths or resignations of all initial fund advisors named on the fund. The successor advisor(s) may be required to provide written notification and sufficient proof of the donor’s or fund advisor’s death prior to assuming the privileges and
Successor Advisors. The Opening Donor(s) may designate Successor Advisors for the Gift Fund after the death or incapacity of the initial Advisors. Such Successor Advisors shall have the privilege of offering recommendations for the Gift Fund. An Advisor may change this designation at any time by completing the Advisor Information Form available at xxx.xxxx.xxx.
Successor Advisors. The Founders may designate individuals to serve as Successor Advisors with the privilege of making grant distribution recommendations from the fund in the event of the Advisor’s death, resignation, incapacity, or inability to serve for any reason. When Successor Advisors assume responsibility for the fund, they may not name any additional Successor Advisors. Successor Advisors may be changed or added by submitting a request in writing to CFAAC. Name: Relationship to Founder: Current Address and Phone#: Name: Relationship to Founder: Current Address and Phone#: □ Additional Advisors Attached.
Successor Advisors. After the donor(s) lifetime(s) the following person(s) is(are) authorized to provide grantmaking recommendations for the fund. After their lifetimes, remaining balances will be added to the Foundation’s general endowment, or if more than $25,000 will be: maintained in the name of the fund as a permanent endowment for general community purposes maintained in the name of the fund as a permanent fund for the following broad field(s) of interest:.
Successor Advisors. The Successor Fund Advisors shall cease to function upon the first to occur (i) the death of the last named Successor Advisor (ii) five years after the last recommendation was received by the Foundation from the existing Fund Advisors. Any assets remaining in the Fund at that time shall be transferred to the Community Endowment Fund of the Houston Jewish Community Foundation.
Successor Advisors. When their privilege to advise the Fund terminates upon death or resignation, or incapacity to serve, the successor advisors to the Fund shall be ADMINISTRATIVE FEE. Donors hereby acknowledge receipt of the Administrative and Investment Management Fee Schedule attached and accept the terms of said schedule. By completion of the agreement, Donors further understand the fee schedule is subject to modification and may be increased or decreased at the sole discretion of the Foundation’s Board of Directors. Donor agrees to be bound by the most current schedule of fees published by the Foundation.
