Examples of Donor in a sentence
No distribution shall be made from the Fund to satisfy a pledge or other commitment of the Donors, Successor Advisors, parties related to the Donors or Successor Advisors, financial advisor to the Donor, or any other person with the right to advise the Foundation on distributions from the Fund.
In particular, no distribution will be permitted in the form of a grant, loan, compensation or similar payment, including expense reimbursement, to the Donor, Successor Advisor, financial advisor to the Donor, a member of the family of same, or an entity 35 percent or more of the governing votes of which may be cast by the Donor or the Successor Advisor, financial advisor of the Donor, or the family of same.
The Foundation will provide the Donor or Successor Advisors, as of each calendar year end, with the value of the principal and the amount of the earnings of the Donor’s gift, and distributions thereof.
The Donor may advise the Foundation in writing from time to time on the distribution of the Fund.
The Donors hereby contribute to the Foundation to create the Donor Advised Fund (“Fund”).