Fund Structure. Please indicate how you would like to distribute the Fund over time. Endowed Fund: I would like CFU to create an unrestricted endowed fund. Endowed funds provide sustainable support and transformational impact over the long term. Grants are made mainly out of investment income. However, CFU’s Board reserves the right to spend principal in special circumstances outlined in the Investment Policy. Non-Endowed Fund: I would like CFU to create a non-endowed fund. Non-endowed funds are more flexible. They can be used for short-term, transactional funds to address immediate charitable needs or for longer investments where Donor Advisor(s) would like to have access to full spending balance (above the minimum balance) at all times.
Appears in 2 contracts
Sources: Donor Advised Fund Agreement, Donor Advised Fund Agreement