HomeMy WebLinkAboutSp. Fund Agmt/oshkosh Fire Dept/OACF Special Project Fund Agreement
The Oshkosh Fire Department will deliver fund to the Oshkosh Area Community Foundation
Corporation, Inc. (the "Foundation") to establish the Fund.
It is our request that such gift, together with any additional gifts which may hereafter be made by us
or other donors to the fund hereafter described, be used to establish and maintain a Special Projects
(Pass-Through) Fund of the Foundation to be held and administered as follows:
1. The Fund shall be known as the Fire and Life Safety Education Fund and shall be
identified as such in the course of its administration.
2. The purpose of the Fund is to support education materials for the Fire Department in
Oshkosh,Wisconsin
3. Key fund contacts are (Please provide at least two contacts. :
Tim Franz 101 Court Street Oshkosh, Wisconsin 54901 920-236-5240
John Holland 101 Court St. Oshkosh,Wisconsin 54901 920-236-5249
4. Duration of the Fund is from Mar is', 2012 to Mar 1, 2014. It may be extended if needed.
5. If sufficient funds are not raised to carry out the project by this deadline, the project
organizer must submit a written request for an extension within 30 days. In the event the
fund is no longer needed and money remained in the fund it is to be given to the City of
Oshkosh Fire Department. -�
6. In connection with the establishment of the Fund,we do hereby acknowledge and agrelease
that: initial)
a) All assets of the Fund shall be assets of the Foundation. The Fund shall be held and
administered subject to the provisions of the Foundation's Articles of Incorporation
and By-Laws as presently in effect or as each may from time to time be amended.
b) The Foundation will not accept charitable dollars which support or fund
transportation for children or adults, any event that feature alcohol, nor will we
accept money from private companies who's family members are involved
project due to excess benefits concerns.
Please initial
We understand there will be fee for administration and investment of the fund. Fees will be either ,
$10/month interest or 1% of funds raised- which is ever more. Direct costs associated with
administration of the fund (i.e. postage,printing, etc.) shall be charged directly to the fund. Extra
fees may be charged (by the bank) for funds requesting more than 6 checks/month or funds with a
balance of less than $300. Such fees shall be charged directly to the fund.
Administrative services include:
• Receiving donations
• Maintaining records and reporting to fund raisers;
• Carrying out correspondence with fund raisers, donors,vendors, and others;
• Properly acknowledging donations of all sizes;
• Investing funds in short term, cash equivalent securities;
• With proper authorization, fund disbursements.
a. Services are rendered on a project basis to be completed within schedule or
reasonable time frame.
b. The Foundation shall make disbursements with the authorization of
c. Disbursements require at least one-week notification.
Variance Power
As required by US Treasury Regulations, the Community Foundation has explicit authority to
redirect the assets of any fund it administers. However, the Community Foundation does not
anticipate exercising such authority unless,in the opinion of the board of directors, the purposes for
which the fund was established become unnecessary, incapable of fulfillment, or inconsistent with
the needs of the community.
If the foregoing is acceptable indicate by dating and signing the enclosed copy of this Agreement in
the space provided below and return it to the Foundation. Upon such acceptance, this letter will
constitute our agreement with respect to the "Special Project Fund" and/or"Fund" and all prior
discussions and agreements concerning the Fund are merged herein and made a part hereof.
Accepted by:
Ti�Franz, Fire Chi-f Date
r
•
ANAL k
- Z
L' orenson, Cl ! Attorney Date
I\ to.Ilk. k(i
11 erk Date
��� 947)y 7.10/")..-
Mark Rohloff, City Manager Date
In the event this project requires clearance from another partner (i.e. City of Oshkosh, a non-
profit organization), a letter indicating commitment from that party must be submitted before the
fund will be established.
2009
Updated 2012