Common use of WITHDRAWAL FROM THE FUND Clause in Contracts

WITHDRAWAL FROM THE FUND. The Foundation has adopted a spending policy with the intention of providing a predictable stream of funding for the purposes of the Fund while seeking to maintain the purchasing power of the Fund over the life of the Fund. The Foundation is authorized to distribute assets from the Fund for the purposes for which the Fund was created in accordance with the Foundation’s spending policy.

Appears in 4 contracts

Samples: Fund Agreement, Fund Agreement, Fund Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!