Distributions from the Fund Sample Clauses

Distributions from the Fund. The Agency is the beneficiary of the Fund. Distributions from the Fund shall be in accordance with the spending policy established by the Board of Directors of the Foundation. Distributions shall be made at least annually, or more frequently, as the parties may from time to time agree.

Distributions from the Fund. All grantees receiving distributions from the Fund will receive correspondence in a form mutually agreeable to

Distributions from the Fund. The Foundation may make annual distributions from the Fund if so requested. Absent the establishment of an annual distribution, grants from the fund will be made at the Agency’s request by submitting in writing a copy of a resolution authorizing such action approved by three-fourths (3/4) of the directors of the Agency’s board. Distributions from the Fund are for the Agency’s discretionary use, so long as such uses are legal and do not jeopardize the agency’s 501(c)(3) status with the IRS.

Distributions from the Fund. A. Consistent with the provisions of Section XII hereof, the Trustee is authorized to pay from the Fund reasonable expenses of the Trustee, including fees of accountants and legal counsel to the Trust, and the Trustee's compensation. B. The Trustee shall make any distribution required pursuant to this Trust Agreement by mailing its check or other evidence of payment to the person to whom such distribution or payment is to be made at such address as was last furnished to the Trustee or, if agreeable to the Plan Sponsor and the affected Member and so directed in a written notice to the Trustee by those parties, by crediting the account of such person or by transferring funds to such person's account by bank or wire transfer. The Trustee shall not be required to make any investigation to determine the whereabouts or mailing address of any person. If the person to receive a distribution can not be found, the Trustee shall hold payment or deposit same in a bank (including the Trustee, if a financial institution is serving as such) for the credit of that person without liability for interest thereon. If a check or other evidence of payment of the benefit hereunder has been mailed to the last address of the person furnished the Trustee and is returned unclaimed, the Trustee shall notify the Plan Sponsor and shall discontinue further payments to the payee until it receives instructions from the Plan Sponsor. C. The Trustee shall not be bound by any instruction, direction or notice unless and until it has been received in writing by the Trustee and may rely upon any instruction, direction or notice of a continuing nature until the Trustee receives a writing which revokes that instruction, direction or notice. The Trustee may without liability assume that any such instruction, direction or notice is genuine unless it has actual knowledge or, after receiving notification of a problem, has reasonably determined that the instruction, direction or notice is not genuine. D. The Trustee shall not be responsible for the application of any assets held as part of the Fund which have been distributed pursuant to the Plan and the Trust Agreement. E. If any dispute arises as to the persons to whom the payment of any funds or delivery of any assets shall be made by the Trustee, the Trustee may withhold payment or delivery until the dispute has been determined by a court of competent jurisdiction or has been settled by the parties concerned and may, in its sole discretion, submit...

Distributions from the Fund. Donor retains the right to make advisory recommendations for charitable grant distributions from the Fund. Donor understands that the Foundation, or its appointed committees, will make an independent investigation of each recommendation and may choose to accept or reject any recommendation in its sole discretion.

Distributions from the Fund a. Distributions shall be made consistent with the charitable purpose for which the Fund has been established and consistent with the exempt purposes of the Foundation as specified in its Articles of Incorporation and Bylaws. b. Distributions from the Fund shall be made in conjunction with the recommendations of the fund’s Donor Advisory Committee. c. The Foundation will not approve grants from which the donors [or subsequent advisors] would derive personal benefit, such as payment for tickets to events, payment for goods purchased at a charitable auction or payment of membership fees or dues.

Distributions from the Fund. The Foundation shall, from time to time, make distributions from the Fund of principal and income to qualified charitable organizations, as that term is defined in the Policies. For a donor advised fund that is established as an endowment fund, only the earnings and income generated by the Fund will be available for distribution. For those funds, the Foundation will make distributions in accordance with the Spending Policy it adopts from time to time. The Foundation has specifically adopted the provisions of the Florida Uniform Prudent Management of Institutional Funds Act (“UPMIFA”). Accordingly, the Foundation will administer all donor advised funds that are set up as an endowment as a UPMIFA fund and make annual distributions from the Fund in such amounts as may be required under its Spending Policy. Should the donor or advisor to the Fund wish that any gik made or distributed from the Fund be made as an anonymous gik, the donor or advisor may instruct the Foundation to honor any applicable confidentiality request. The Fund advisors may make grant recommendations in accordance with the Policies. Distributions shall not be made to fulfill a legally binding pledge, to other than a qualified charitable organization, or for lobbying, political contributions, political campaign activity purposes or to pay for goods and services received by any private person. If no distributions have been made from the Fund for a period of two full calendar years, the Foundation will contact the Donor or advisor and request that a grant request be made. If the Fund remains inactive and no distributions have been made by the end of the third calendar year xxxx the Fund has been established, the Foundation may convert the Fund to an endowment fund, with distributions made to the Residuary Beneficiaries named by the Donor or a qualified charity designated in the Policies, including, but not limited to, the Foundation.

Distributions from the Fund. The Foundation is authorized to appropriate for expenditure or accumulate so much of the Fund as the Foundation determines is prudent for the uses, benefits, purposes, and duration for which the Fund is established. The Foundation has adopted a spending policy for endowed funds 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 the investment income derived from the assets of the Fund for the purposes for which the Fund was created in accordance with the Foundation’s spending policy. In making this determination, the Foundation shall consider the duration and preservation of the Fund, general economic conditions, the possible effect of inflation or deflation, and the expected total return and the appreciation of investments. Any net income not distributed shall be considered assets of the Fund, and as such, may be withdrawn for purposes consistent with which the Fund was established. Distributions from non- endowed funds may be made from the entire Fund balance, including both income and principal, and the Fund may be spent down in its entirety. The Donor(s) shall have the right of suggesting to the Foundation schools, parishes or affiliated ministries and organizations of the Catholic Diocese of Richmond to receive grants from the fund. The Fund Advisors shall submit written suggestions regarding distributions from the Fund. Such recommendations may be accepted or rejected, in whole or in part, by the Foundation in its sole and absolute discretion, applying reasonable standards and guidelines with regard thereto, including consideration of whether any suggestions are inconsistent with the purposes for which the Foundation was created. This Fund shall be: Endowed Non-endowed

Distributions from the Fund. The Founder may choose to make this Donor Advised Fund endowed (permanent), which limits the amount available for annual grant distributions according to CFAAC’s annual spending policy. The current spend rate is 4%. This is a partially endowed fund $ (minimum $25,000) of the initial gift will be endowed. The remaining assets will be spendable. Grant distributions from the endowed portion of the fund will be transferred to the spendable portion of the fund annually. If you wish your non-endowed fund to convert to an endowed fund upon your death, please initial here: The undersigned acknowledge that an endowed fund will be managed using a total return concept of endowment management based on CFAAC's spending policy rate as adjusted from time to time by the Board of Trustees.

Distributions from the Fund. The Foundation will make distributions from the Fund based on the criteria in EXHIBIT C. Distributions from the Fund are for the purpose of increasing recreational, environmental, and cultural education access as noted in Section 1, above, so long as such uses are legal, do not conflict with any parameters associated with said funds, and do not jeopardize MPRPD’s status with the IRS or enabling legislation.