Component Part Clause Samples

Component Part. It is intended that the Account shall be a component part of the Foundation and not a separate entity for tax purposes, and that nothing in this Agreement shall affect the status of the Foundation as a charitable organization described in section 501(c) (3) of the Code, and as an organization that is not a private foundation within the meaning of Section 509(a) of the Code. In particular, the Foundation is intended to qualify as a sponsoring organization of donor advised funds satisfying all requirements under Treas. Reg. §§1.170A-9(f) (10) and (11). This Agreement shall be interpreted to conform to the requirements of the foregoing provisions of the federal tax laws and any applicable regulations. The Foundation is authorized to amend this Agreement to conform to the provisions of any applicable law or government regulation in order to carry out its purposes.

Component Part. It is intended that the Fund shall be a component part of the Foundation and not a separate entity for tax purposes, and that nothing in this Agreement shall affect the status of the Foundation as a charitable organization described in Section 501(c)(3) of the Code, and as an organization that is not a private foundation within the meaning of Section 509(a) of the Code. This Agreement shall be interpreted to conform to the requirements of the foregoing provisions of the federal tax laws and any regulations issued pursuant thereto.

Component Part. It is intended that the Fund shall be a component part of the Community Foundation and not a separate trust, and that nothing in this Agreement shall affect the status of the Community Foundation as an organization described in section 501(c)(3) of the Code and as a “community trust” within the meaning of Treasury Regulations section 1.170A-9(e)(11). This Agreement shall be interpreted in a manner consistent with the foregoing intention and so as to conform to the requirements of the foregoing provisions of the federal tax laws and any regulations issued pursuant thereto. The Community Foundation is authorized to amend this Agreement to conform to the provisions of any applicable law or government regulation in order to carry out the foregoing intention.

Component Part. It is intended that the Fund shall be a component part of the Foundation and not a separate entity for tax purposes, and that nothing in this Agreement shall affect the status of the Foundation as a charitable organization described in Section 501(c)(3) of the Code, and as an organization that is not a private foundation within the meaning of Section 509(a) of the Code. This Agreement shall be interpreted to conform to the requirements of the foregoing provisions of the federal tax laws and any regulations issued pursuant thereto. This letter will constitute our entire agreement concerning the Fund. SIGNED: Date: Donor Name, Donor Donor Name, Donor ACCEPTED: Date: ▇▇▇▇ ▇▇▇▇▇ Date: An Advisor is a person currently authorized to recommend grants from the above- established Fund. If more than one Advisor is named, grant recommendations will be coordinated through the Lead Advisor and then submitted to the Foundation. Any Advisor may recommend to the Lead Advisor distributions from the Fund. Please provide the name, mailing address, phone numbers, e-mail address, and birth date for each Advisor. Name Name Relationship Relationship Mailing Address ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Zip Home Phone Cell Phone Home Phone Cell Phone Email Address Email Address Date of Birth Date of Birth Additional Advisor (if needed) Additional Advisor (if needed) Name Name Relationship Relationship Mailing Address ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Zip Home Phone Cell Phone Home Phone Cell Phone Email Address Email Address Date of Birth Date of Birth Successor Advisors The Donor may name one or more Successor Advisors to the Fund to act upon the death, resignation, refusal, removal, or inability to act of the last named Advisor(s). At any time that the Fund has multiple Advisors, the Fund Advisors shall select a Lead Advisor who will transmit grant recommendations to the Foundation. It is understood that in the event that no Advisor is able and willing to act, the Foundation’s Board of Directors shall make decisions without an Advisor in accordance with its “Inactive Fund Policy”. Name Name Relationship Relationship Mailing Address ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Zip Home Phone Cell Phone Home Phone Cell Phone Email Address Email Address Date of Birth Date of Birth Name Name Relationship Relationship Mailing Address ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Zip Home Phone Cell Phone Home Phone Cell Phone Email Address Email Address Date of Birth Date of Bi...

Component Part. It is intended that the Fund shall be a component part of the Foundation and not a separate entity for tax purposes, and that nothing in this Agreement shall affect the status of the Foundation as a charitable organization described in Section 501(c)(3) of the Code, and as an organization that is not a private foundation within the meaning of Section 509(a) of the Code. This Agreement shall be interpreted to conform to the requirements of the foregoing provisions of the federal tax laws and any regulations issued pursuant thereto. This letter will constitute our entire agreement concerning the Fund. SIGNED: An Advisor is a person currently authorized to recommend grants from the above-established Fund. If more than one Advisor is named, grant recommendations will be coordinated through the Lead Advisor and then submitted to the Foundation. Any Advisor may recommend to the Lead Advisor distributions from the Fund. Please provide the name, mailing address, phone numbers, e-mail address, and birth date for each Name: Name: Relationship: Relationship: Mailing Address: Mailing Address: City State Zip: City State Zip: Cell Phone: Home Phone:

Component Part. The Fund shall be administered in strict compliance with the governing instruments of the Foundation including the Articles of Incorporation and Code of Regulations, all as amended from time to time, and any resolutions and procedures from time to time in effect. All the provisions of such governing instruments of the Foundation and such resolutions and procedures are incorporated in this Agreement and by this reference made a part hereof. It is intended that the Fund shall be a component part of the Foundation and not a separate trust, and that nothing in this Agreement shall affect the status of the Foundation as an organization described in Section 501(c) (3) of the Internal Revenue Code of 1986, as amended, and as an organization which is not a private foundation within the meaning of Section 509 (a) of the Code. This agreement shall be interpreted to conform to the requirements of the foregoing provisions of the federal tax laws and any regulations issued pursuant thereto. The Foundation is authorized to amend this Agreement to conform to the provisions of any applicable law or government regulation in order to carry out the purposes of this Fund. References herein to provisions of the Internal Revenue Code of 1986, as amended, shall be deemed references to the corresponding provisions of any future Internal Revenue Code.

Component Part. It is intended that the Fund shall be a component part of the Foundation and not a separate trust, and that nothing in this Agreement shall affect the status of the Foundation as an organization described in section 501(c)(3) of the Code and as an organization which is not a private foundation within the meaning of section 509(a) of the Code. This Agreement shall be interpreted in a manner consistent with the foregoing intention and so as to conform to the requirements of such provisions of the federal tax laws and any regulations issued pursuant thereto. The Foundation shall have all of the powers provided in the Governing Instruments or otherwise by law in connection with its administration of the Fund. In addition, the Foundation shall have the power, acting alone, to amend this Agreement in any manner required for the purpose of ensuring that the Fund qualifies and continues to qualify as a component part of the Foundation as a “community trust,” within the meaning of Treas. Reg. § 1.170A-9(e)(11).

Component Part. If any component part other than the inner tank proves to Manufacturer’s satisfaction to be defective in material or workmanship within the warranty period listed in the table after the original installation, the Manufacturer will furnish the Owner with a replacement for the defective part(s).

Component Part. The Fund shall be a component fund of the Foundation and not a separate trust held by the Foundation. The Foundation shall have the ultimate authority and exclusive legal control over all property in the Fund. Nothing in this Agreement shall affect the status of the Foundation as an organization described in Section 501(c)(3) of the Code. Among other things, the Fund shall not (1) make distributions to individuals; private, nonoperating foundations; certain supporting organizations; or any organization for a noncharitable purpose; (2) maintain excess business holdings as described under Section 4943(e) of the Code; (3) engage in excess benefit transactions as described under Section 4958 of the Code; or (4) provide prohibited benefits as described under Section 4967 of the Code. This Agreement shall be interpreted in a manner consistent with the foregoing intentions and to conform to the requirements of the foregoing provisions of the federal tax laws and any regulations issued thereunder. Amendments and Governing Law: This Agreement is irrevocable; however, the Foundation may amend it to conform to provisions of any applicable law or regulation in order to maintain the tax-exempt status of the Foundation. References herein to provisions of the Code shall be deemed references to the corresponding provisions of any future Internal Revenue Code. This Agreement shall be governed by California law. Cost of Administration: The Foundation may charge the Fund an administrative fee in accordance with the Fee Schedule, which is updated from time to time by the Foundation’s Board of Directors, plus any direct expenses incurred on behalf of the Fund. A Fee Schedule in effect as of the date of this Agreement can be found in the Guidelines for Charitable Funds.