ESTABLISHING YOUR FUND - ADVANTAGES OF YOUR PHILANTHROPY AT THE CHICAGO COMMUNITY TRUST

I/We understand that the transfer of the property described above is an irrevocable gift to The Chicago Community Foundation and is not refundable to me/us, and such gift is intended to create a donor advised fund under Section 4966(d)(2) of the Code, and that nothing in this application shall affect the status of the Foundation as a component fund of the Trust. [...] In the event that a matter of concern should surface, Foundation will communicate with the primary donor or fund advisor(s) as the Foundation will advise the fund advisor prior to releasing the grant. [...] As with funds created and advised by individuals, additional COMPONENT FUND advisors, successor advisors or changes in the fund advisors must be The Foundation is a component fund of The Chicago Community Trust communicated to the Foundation in writing by the organization and/or the (“Trust”). [...] PERMANENT FUNDS If no succession plan is given in writing to the Foundation, the fund shall be Primary donors may request to make their funds permanent by limiting the converted to a named, unrestricted fund, or if the balance of the fund is amount available for grant distributions to the Foundation’s Spending below the minimum required amount to do so, it shall be transferred to the Policy. [...] Due to the inflows and As a public charity under Sections 501(c)(3) and 170(b)(1)(a) of the Code, outflows within each fund, the returns are allocated using the average of initial and subsequent contributions made to the Foundation currently the daily balances.