TYPE OF FUND. (select the type of Fund you wish to establish and initial by your selection) / Endowed Fund: Endowed funds are established to protect the principal. The principal is not available for spending as per the establishment of the fund. Distributions will be made in perpetuity according to the funds charitable purposes as long as those purposes can be served. Endowment funds are subject to the Foundation’s Spending Policy, which may be amended at the sole discretion of the GMCF Executive Board of Trustees. / Expendable Fund: Expendable funds are established with the intent that both the earnings and principal will be distributed for charitable causes. Once the original gift and related earnings are exhausted, the fund terminates unless additional gifts are made to the fund.
TYPE OF FUND. The fund is a “Quasi-‐Endowment” fund. The fund is managed as an endowment fund, but corpus may be used at the discretion of WSF. The fund is managed, however, in full compliance with Federal and State Law as these laws relate to charitable fiduciary fund management. The fund is also managed consistent with charitable fiduciary fund management “Best Practices.”
TYPE OF FUND. Please indicate a fund type below: Donor Advised Committee Advised Memorial Scholarship: Donor Involved or Foundation Managed Role: (Check all that apply. See below for definitions.) Fund Advisor Secondary Advisor Fund Representative Primary Contact (Select only one primary contact on this form.) Name Male Female Mailing Address Home Business City State Zip Home Phone Mobile Phone Business Phone Fax Preferred Email Address Company Name Title Date of Birth Online Services (Online access varies by the role of each contact.) This contact is unable to access fund information online.
TYPE OF FUND. Fees Donor Advised Funds: .................First $5,000,000 1.25% Amounts over $5,000,000 0.50% Scholarship Funds: 1.25% Agency Funds: 1.00% Fiscal Sponsor: ...........................Additional 4% on all transactions 1.00 Designated and Field of Interest Funds: ................First $2,000,000 1.25% Between $2,000,000 and $5,000,000 0.50% Over $5,000,000 0.25% A note about administrative fees: The Administrative Fee for endowed and non-endowed funds are subject to reasonable modification by the Board of Trustees.
TYPE OF FUND. ❑ Endowment: Requires minimum gift of $10,000. The gift principal is never spent. The amount available for awards is based strictly upon earnings and is budgeted based upon the Foundation’s Spending Policy. ❑ Restricted: Entire gift will be spent over years or semesters. ❑ Annual: Donor intends to provide annual gift to support award. Donor will be contacted by Foundation office during budget preparation to determine if award will continue. ❑ One-time: Gift is one-time only to be awarded during next scholarship cycle.
TYPE OF FUND expendable or endowed.
TYPE OF FUND. The fund is an endowment fund.
TYPE OF FUND. Donor Advised Endowed Non-endowed Agency (Designated) Endowed Non-endowed
TYPE OF FUND. This is a general investment fund and is managed in compliance with applicable Federal and State laws and with charitable fiduciary fund management “Best Practices.”
TYPE OF FUND. This Fund will be segregated and will, thus, not be available for use by WSF nor for creditors of WSF. It shall only be used for the payment of annuity obligations and for no other purposes.