The Community Foundation and the donor will execute a fund agreement for this fund. All temporary funds are considered component funds of the Oklahoma City Community Foundation and all grants from these funds will be approved by the Trustees of the Community Foundation. All Community Foundation funds are subject to the variance power which allows the Trustees of the Community Foundation to modify the donors' instructions if these instructions are no longer practical or possible. The donor's intention will be followed as closely as possible. These suggestions will be reviewed by the staff of the Community Foundation and must be approved by the Trustees of the Community Foundation or a designated committee.
Trustees normally review escrow fund distribution requests once each month.
Distributions made from a donor's fund will be so identified to the recipient organization unless requested otherwise by the donor. Contributions must be to organizations and for purposes which would otherwise be considered tax-deductible to the donor. Contributions may not be made to satisfy any legal obligation of the donor, to purchase tickets or memberships with other than nominal value, or to generate any other benefit to the donor or donor's family. Contributions to sponsor fund-raising events will not be made in excess of the deductible amount. Contributions will not be made to individuals.