Common Contracts
1 similar Memorandum of Understanding contracts
MEMORANDUM OF UNDERSTANDINGMemorandum of Understanding • May 25th, 2016 • Iowa
WHEREAS, the CFGRB works with several “geographic affiliates” to promote the goals and development of local regions which it serves. The term “geographic affiliate” refers to a component fund or collection of component funds established by CFGRB with CFGRB as the “lead” community foundation. Each geographic affiliate is specified to serve a defined geographic area and led by a group broadly representative of the geographic area it serves. The relationship with CFGRB as the “lead” community foundation is outlined in writing and provides CFGRB oversight over the activities and governance of the geographic affiliate, fund development strategies with the long-term goal of building permanent broad-based/unrestricted resources primarily for its geographic area, and advice on grant making and how to undertake local initiatives or priorities.
