Common use of Endowment Clause in Contracts

Endowment. The gift specified above shall be used for the purpose of creating an endowment fund to be known as the [Fund Name] (“Fund”). The assets of the Fund may be merged or pooled for investment and investment management purposes with the general endowment or other assets of the [Your Organization] and managed and invested in accordance with the [Your Organization] policy and procedure, but shall be entered on the books and records of the [Your Organization] as the [Name of Fund]. Distributions in support of the above gift purpose and reasonable fees associated with securing, raising, investing, and administering such funds shall be charged to the said Fund administered in accordance with the policies and procedures of the [Your Organization]then in effect.

Endowment. or [ ] N/A The gift specified above shall be used for the purpose of creating with the Charity an endowment fund to be known as the [[ ] Fund Name] (the “Fund”). The assets of the Fund may be merged or pooled for investment and investment management purposes with the general endowment or other assets of the [Your Organization] Charity and managed and invested in accordance with the [Your Organization] Charity policy and procedure, procedure but shall be entered on the books and records of the [Your Organization] Charity as the “[Name of name] Fund]. .” Distributions in support of the above gift purpose and reasonable fees associated with securing, raising, investing, and administering such funds shall be charged to the said Fund administered in accordance with the policies and procedures of the [Your Organization]then Charity then in effect.