In general, no Advisor may recommend a grant that would discharge or satisfy (in whole or in part) a legally enforceable pledge or other obligation, including a pledge or other obligation of any Advisor or their family members or affiliates. that are for lobbying, political campaigns or other political activities or that are for any purpose that is not entirely charitable.Įnforceable Pledges.to supporting organizations that are controlled by or that provide support to organizations controlled by any Advisor, or certain family members or affiliates (as defined below) of such people.to non-functionally integrated Type III supporting organizations.will not approve recommendations for grants: will not make grants from the Fund to individuals. charitable organizations that are tax-exempt public charities U.S., state, or local government organizations qualified to receive tax deductible charitable contributions, such as state colleges or universities private operating foundations or certain non-U.S. will only make grants from the Fund to U.S. may, from time to time, notify the Advisors of suitable grant recipients.Įligible Grant Recipients. In addition, if the Donor Advised Fund Agreement or communications to donors to the Fund indicate a specific purpose for the Fund, then all grants from the Fund must comply with the stated purpose restriction. All grants must also further ’s charitable and educational purposes, as determined by in its sole discretion. All grants from the Fund must be exclusively for charitable or educational purposes, as those terms are used in Section 170(c)(2) of the Internal Revenue Code (the “Code”).

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