« Guidelines for Scholarship Funds | Main
Tuesday
Oct262010

Guidelines for Memorial Funds

Adopted 7/3/2009)

  • Memorial Funds received in honor of a member or spouse shall be held as restricted funds in such parties’ name. The funds shall be available for use by the Foundation “for the purposes of the Foundation as provided for in the Articles of Incorporation.
  • Any expenditure of a memorial fund shall provide for proper acknowledgement of the memorialized person in the program materials or by other means.

Allocation of Expenses to Memorial, Scholarship, and other funds.

(Adopted 11/13/2009)

The expenses of the foundation may be allocated between the general fund and all other funds on such terms as the trustees shall determine from time to time. Such allocation can be based on an allocation out of pocket cost plus an amount designed to cover all or a part of donated services received by the foundation.

PrintView Printer Friendly Version