This agreement (“Agreement”) is entered into to create a BCF Sustainability Fund between (jointly “Donor”) and xxxxxx Community Foundation (âBCF). The terms of this Agreement may be subject to the approval of BCF`s Board of Directors and acceptance of the donor`s donation described below; Therefore, this agreement will not come into effect until it is signed by BCF`s President and Chief Executive Officer. The BCF team has produced supporting documents for Section 75 agreements, which are a core requirement of the BCF. Bevan Brittan prepared a template for the Article 75 agreement with an explanation. This needs to be adjusted to reflect the local situation, but provides a solid starting point. 3. Administrative fees. The BCF team has expanded its systems support program in response to new relief policy requirements and the COVID-19 pandemic. Building on our ongoing offering of tailored support, the BCF team is working with the Local Government Association (LGA) to provide systems with a range of ways to identify and pursue best practices that have emerged in response to the pandemic, while targeting support in areas that need help to implement relief; to assess, address challenges or accelerate their BCF and integration ambitions. Support is also available to implement your system`s winter plans, including COVID-19 compliance and resilience. For more information, see the SEC`s Privacy and Security Policy. Thank you for your interest in the U.S.
Securities and Exchange Commission. The following annual management fee is charged for all bcf sustainability funds. This Fee Schedule is subject to regular review and revision by BCF`s Board of Directors from time to time, but any fee increase will not take effect until thirty (30) days after BCF`s written notice to the donor. Fees are staggered depending on the size of the fund. Section 75 of the NHS Act 2006 allows partners (NHS bodies and councils) to contribute to a pooled fund that can be used to order health or social services. This power allows a local authority to entrust the health services and NHS commissioners with the task of entrusting social protection. It enables the joint commissioning and commissioning of integrated services. The Enhanced Care Fund (BCF) team is committed to ensuring that local regions receive appropriate support as they work to implement their BCF plans and improve integration between health, housing and social services.
5. The Donor acknowledges that the Fund is managed in accordance with the Foundation`s guidelines. The Donor acknowledges that the Fund is managed in accordance with all BCF guidelines. The BCF guidelines are regularly reviewed and amended, and any such revisions are revised at all times. 4. Distributable income. The “distributable income” of the Fund shall be paid equally to the beneficiaries listed in paragraph 2. “Distributable income” is calculated in accordance with the investment and expenditure policy annexed to Annex B. The fund is owned, managed and maintained by the BCF as a permanently restricted foundation. The Fund includes assets transferred under this Agreement and any other donations that the Donor or other persons may subsequently transfer to BCF for inclusion in the Fund, subject to the acceptance of BCF`s Board of Directors.
All donations (or the net proceeds of donations) to the Fund are irrevocable. The assets of the Fund may be blended with other assets of the BCF for investment purposes. BCF is solely responsible for the management and investment of the funds and may engage companies or individuals to assume this responsibility. Tailored support options range from the entire system, from incoming requests that fuel strategy development, to more personalized support for individuals in the industry. Support is provided free of charge by the LGA for local systems by working with our partners within the BCF and leveraging a pool of colleagues and consultants with extensive experience and expertise. 1. Establishment of the Fund. A BCF Sustainability Fund is established as a fund in the BCF books and is referred to as “the Fund”. [OPTIONAL LANGUAGE FOR FIVE-YEAR PAYMENTS DONATIONS TO ESTABLISH A MINIMUM BALANCE OF NAMED FUNDS: The Donor understands and agrees that it has five (5) years from the date of the Agreement to increase the minimum balance Note that this policy may change if the SEC manages SEC.gov to ensure that the Site operates efficiently and remains available to all users.
By using this website, you agree to security monitoring and auditing. For security reasons and to ensure that the public service remains accessible to users, this government computer system uses network traffic monitoring programs to identify unauthorized attempts to upload or modify information, or otherwise cause damage, including attempts to deny service to users. The bcf team updated the guidelines on the integration of healthcare and social services to reflect policy developments as well as the development of integrated care systems and the publication of the NHS long-term plan. These guides are intended to provide practical steps and guidance on how to implement BCF plans. $15,000 required to set up the fund. All gifts (or the net gift sale process) received for this purpose are irrevocable and will be kept in a temporarily restricted account until the minimum balance is reached. The fees shall be deducted monthly from the temporarily suspended account referred to in paragraph 3. In the event that the total of gifts on the 1st anniversary of the date of this Agreement is less than $3,000; $6,000 on the 2nd anniversary of the date of this Agreement; $9,000 on the 3rd anniversary of the date of this Agreement; $12,000 on the occasion of the 4th anniversary of this Agreement; or $15,000 on the occasion of the 5th anniversary of this Agreement, the Account may be closed and gifts to the Account will be treated as unrestricted gifts to be used on the terms and conditions determined by BCF`s Board of Directors.
If circumstances warrant, BCF staff will work with the donor to ensure that the donor has a reasonable period of time to reach a financial benchmark prior to account closure. No distribution will be made from the account until the fund`s principal balance is at least fifteen thousand dollars ($15,000). Once the minimum balance is reached, a BCF Sustainability Fund is established as a fund in the BCF`s books, known as (the fund`s name) (the “Fund”). 7. Power of variance. The Donor acknowledges and agrees that the Board has the authority under the Tax Act to change any restrictions or conditions relating to the distribution of funds for certain charitable purposes or to certain organizations mentioned above if, in the sole discretion of the Board (without the consent of a trustee, custodian or agent), such a restriction or condition becomes: in fact useless, unable to satisfy or incompatible with the charitable needs of the community or territory served […].