Common use of Fund Property Clause in Contracts

Fund Property. Donor hereby transfers irrevocably to the Community Foundation a gift of _____________________________________________________________________________. Subject to the right of the Community Foundation to reject any particular gift, the Community Foundation may receive additional irrevocable gifts of property acceptable to the Community Foundation from time to time from Donor, or from any other source, to be added to the Fund, all subject to the provisions hereof. All gifts, grants, bequests, and devises to this Fund shall be irrevocable once accepted by the Community Foundation.

Fund Property. Donor hereby transfers irrevocably to the Community Foundation a gift of _____________________________________________________________________________. Subject to the right of the Community Foundation to reject any particular gift, the Community Foundation may receive additional irrevocable gifts of property acceptable to the Community Foundation from time to time from Donor, or from any other source, to be added to the Fund, all subject to the provisions hereof. All gifts, grants, bequests, and devises to this Fund shall be irrevocable once accepted by the Community Foundation.