WITHDRAWAL FROM THE FUND. A. Principal: The original contribution to the Fund, and any subsequent additions, shall comprise the principal of the Fund. The principal shall remain intact with the intention of building it over time through additional contributions and investment returns. 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.
Appears in 3 contracts
Samples: Parish Endowment Agreement, Endowment Agreement, Endowment Agreement
WITHDRAWAL FROM THE FUND. A. Principal: The original contribution to the Fund, and any subsequent additions, shall comprise the principal of the Fund. The principal shall remain intact with the intention of building it over time through additional contributions and investment returns. 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.
Appears in 1 contract
Samples: Fund Endowment Agreement