Examples of the Fund in a sentence
The Legacy Foundation’s distribution (or spending) policy, as applied to endowments such as the Fund, shall be designed to take into account total return concepts of investment and spending, with the goal of preserving the real spending power of endowments over time while balancing the need for consistent spending to support the charitable and similar exempt purposes of such endowments.
The Fund shall continue so long as assets are available in the Fund and the purposes of the Fund can be served by its continuation.
All money and property in the Fund shall be held as general assets of the Legacy Foundation and not segregated as trust property of a separate trust.
The receipts and disbursements of the Fund shall be accounted for separately and apart from those of other gifts to the Legacy Foundation.
It is understood and agreed that the Fund shall share a fair portion of the total investment and administrative costs and expenses of the Legacy Foundation.