Common use of Foundation Responsibilities Clause in Contracts

Foundation Responsibilities. The primary functions of the Foundation under this Memorandum of Understanding and as permitted in its Memorandum of Understanding with ▇▇▇▇▇▇▇▇ University are identifying and soliciting financial support and effectively managing endowment assets designated for the benefit of Sunflower. The Foundation agrees it shall: A. in coordination with the Sunflower Board of Directors, advise, plan, coordinate and execute development activities in support of the Sunflower consistent with University priorities established by its Board of Regents; B. adhere to the Foundation gift-management and acceptance policies for all gifts to Sunflower; C. acknowledge and issue receipts for all gifts for Sunflower and provide appropriate recognition and stewardship of such gifts; D. receive the written approval of a duly authorized Sunflower representative and as appropriate a ▇▇▇▇▇▇▇▇ University representative before accepting gifts with restrictive terms requiring additional allocation of resources to maintain the gift or satisfy the restriction, placement on the ▇▇▇▇▇▇▇▇ University campus, departure from established or required University policies and procedures; E. receive, hold, manage, invest and disburse contributions of cash, securities, and other forms of property investing gifts contributed in the form of planned and deferred gift instruments according to established policies.

Foundation Responsibilities. The primary functions of the Foundation under this Memorandum of Understanding and as permitted in its Memorandum of Understanding with ▇▇▇▇▇▇▇▇ University are identifying and soliciting financial support and effectively managing endowment assets designated for the benefit of Sunflower. The Foundation agrees it shall: A. in coordination with the Sunflower Board of Directors, advise, plan, coordinate and execute development activities in support of the Sunflower consistent with University priorities established by its Board of Regents; B. adhere to the Foundation gift-management and acceptance policies for all gifts to Sunflower; C. acknowledge and issue receipts for all gifts for Sunflower and provide appropriate recognition and stewardship of such gifts; D. receive the written approval of a duly authorized Sunflower representative and as appropriate a ▇▇▇▇▇▇▇▇ University representative before accepting gifts with restrictive terms requiring • additional allocation of resources to maintain the gift or satisfy the restriction, • placement on the ▇▇▇▇▇▇▇▇ University campus, • departure from established or required University policies and procedures; E. receive, hold, manage, invest and disburse contributions of cash, securities, and other forms of property investing gifts contributed in the form of planned and deferred gift instruments according to established policies.