Planned Giving Clause Samples

The Planned Giving clause outlines the terms and conditions under which donors can make future-oriented charitable contributions, such as bequests, trusts, or other deferred gifts. It typically specifies the types of planned gifts accepted, the process for notifying the organization, and any requirements for documentation or approval. By providing a clear framework for these contributions, the clause facilitates long-term financial planning for both donors and the recipient organization, ensuring that gifts are structured in a way that meets legal and organizational standards.
Planned Giving. Many of our donors include the fund in their will or estate plan, ensuring that charitable causes are supported in perpetuity.
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Planned Giving q I would like to talk with someone regarding tax deductible gifts of securities, insurance policies, or real estate. While Power to Change Ministries seeks to honour the expressed preference of each gift, I acknowledge that my gift is a gift to the ministry of Power to Change Ministries. As such, I understand that even though I have expressed my preference, Power to Change Ministries must retain the discretion to use my gift as it believes will best advance its charitable purposes. If my preference changes, it is my responsibility to inform Power to Change Ministries.
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Planned Giving. The PPCLI Foundation is the lead component. The other components will not set up programs for planned giving, nor will they solicit such bequests. The other components may, however, accept unsolicited gifts and legacies;
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Planned Giving. ENDOWMENTS: F ENDURING FINANCIAL SECURITY AND SUCCESS or longer than most Canadian universities have been in existence, McGill’s administrators have guided our institution’s financial affairs. For proof of their astute management, we need only look to McGill’s general endowment, valued at roughly $800,000,000. This is by no means a great pot of money that can be spent for the next project that comes along. In reality, the general endowment is made up of hundreds of smaller funds, with dedicated purposes, that have been pooled together to be more effectively managed by the Treasurer of the University, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, and the Investment Committee of the Board of Governors. Many of the smaller dedicated funds that comprise the University’s general endowment are for the Faculty of Engineering. Some, like the one that supports the ▇▇▇▇▇▇▇ ▇▇▇▇▇ Chair in Civil Engineering, are quite old, having been established at the turn of the last century. Others have been created since the last issue of Engineering In Focus.
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Related to Planned Giving

  • DISADVANTAGED BUSINESS ENTERPRISE OR HISTORICALLY UNDERUTILIZED BUSINESS REQUIREMENTS The Engineer agrees to comply with the requirements set forth in Attachment H, Disadvantaged Business Enterprise or Historically Underutilized Business Subcontracting Plan Requirements with an assigned goal or a zero goal, as determined by the State.

  • Pro Forma Compliance Compliance with the financial covenants set forth in clauses (a) and (b) above shall always be calculated on a Pro Forma Basis.

  • Pro Forma Calculations (a) Notwithstanding anything to the contrary herein, financial ratios, tests and covenants, including the Leverage Ratio and the Fixed Charge Coverage Ratio shall be calculated in the manner prescribed by this Section 1.9. (b) For purposes of calculating any financial ratio, covenant or test, Specified Transactions (with any incurrence or repayment (excluding voluntary repayments) of any Debt in connection therewith to be subject to Section 1.9(c)) that have been made (i) during the applicable measurement period and (ii) subsequent to such period and prior to or simultaneously with the event for which the calculation of any such ratio is made shall be calculated on a pro forma basis assuming that all such Specified Transactions (and any increase or decrease in EBITDA and the component financial definitions used therein attributable to any Specified Transaction) had occurred on the first day of the applicable measurement period. If, since the beginning of any applicable period any Person that subsequently became a Subsidiary or was merged, amalgamated or consolidated with or into Borrower or any of its Subsidiaries since the beginning of such period shall have made any Specified Transaction that would have required adjustment pursuant to this Section 1.9, then such financial ratio or test shall be calculated to give pro forma effect thereto in accordance with this Section 1.9. (c) In the event that Borrower or any Subsidiary incurs (including by assumption or guarantees) or repays (including by redemption, repayment (other than voluntary repayments), retirement or extinguishment) any Debt included in the calculations of any financial ratio, covenant or test (in each case, other than Debt incurred or repaid under any revolving credit facility), (i) during the applicable period or (ii) subsequent to the end of the applicable period and prior to or simultaneously with the event for which the calculation of any such ratio is made, then such financial ratio or test shall be calculated giving pro forma effect to such incurrence or repayment of Debt, to the extent required, as if the same had occurred on the last day of the applicable period.

  • Historically Underutilized Businesses (“HUBs”). In accordance with state law, it is TFC’s policy to assist HUBs whenever possible to participate in providing goods and services to the agency. TFC encourages those parties with whom it contracts for the provision of goods and services to adhere to this same philosophy in selecting subcontractors to assist in fulfilling PSP’s obligations with TFC. If PSP subcontracts with others for some or all of the services to be performed under an Assignment to this Agreement, PSP shall comply with all HUB requirements pursuant to Chapter 2161 of the Texas Government Code. At or prior to the execution of an Assignment with a value that is anticipated to meet or exceed One Hundred Thousand and No/100 Dollars ($100,000.00), PSP must provide a completed HUB Subcontracting Plan, which shall be approved by TFC prior to execution of the Assignment. A copy of the HUB Subcontracting Form is attached hereto and incorporated herein for all purposes as Exhibit G. PSP shall provide the HUB Program of TFC with pertinent details of any participation by a HUB in fulfilling the duties and obligations arising under an Assignment, on the HUB Subcontracting Plan Progress Assessment Report (“PAR”). A copy of the PAR Form is attached hereto and incorporated herein for all purposes as Exhibit H.

  • Pro Forma Financial Information The pro forma financial statements included in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus include assumptions that provide a reasonable basis for presenting the significant effects directly attributable to the transactions and events described therein, the related pro forma adjustments give appropriate effect to those assumptions, and the pro forma adjustments reflect the proper application of those adjustments to the historical financial statements amounts in the pro forma financial statements included in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus. The pro forma financial statements included in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus comply as to form in all material respects with the application requirements of Regulation S-X under the Exchange Act.