Common use of Use of the Fund Clause in Contracts

Use of the Fund. It is the general policy of the Foundation that a substantial part of Restricted Funds shall remain as a permanent endowment to the Foundation. It is also the general policy of the Foundation that an amount equal to four percent (4.00%) of the value of a Restricted Fund may be distributed during each fiscal year.

Appears in 4 contracts

Samples: Restricted Fund Agreement, Restricted Fund Agreement, Restricted Fund Agreement

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Use of the Fund. It is the general policy of the Foundation that a substantial part of Restricted the Field of Interest Funds shall remain as a permanent endowment to the Foundation. It is also the general policy of the Foundation that an amount equal to four 4.00 percent (4.00%) of the Fund shall be distributed each year. Consistent with those policies of the Foundation, 4.00 percent (4.00 %) of the value of a Restricted the Fund may shall from time to time be distributed during each fiscal yearcommitted, granted, or expended for, or in furtherance of, the purposes of the Fund.

Appears in 3 contracts

Samples: Field of Interest Fund Agreement, Field of Interest Fund Agreement, Field of Interest Fund Agreement

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Use of the Fund. It is the general policy of the Foundation that a substantial part of Restricted the Field of Interest Funds shall remain as a permanent endowment to the Foundation. It is also the general policy of the Foundation that an amount equal to four 4.50 percent (4.004.50%) of the Fund shall be distributed each year. Consistent with those policies of the Foundation, 4.50 percent (4.50 %) of the value of a Restricted the Fund may shall from time to time be distributed during each fiscal yearcommitted, granted, or expended for, or in furtherance of, the purposes of the Fund.

Appears in 1 contract

Samples: Field of Interest Fund Agreement

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