Quasi-EndowmentAgreement between

[entity]

and

the University of Arizona

This quasi-endowmentgiftagreementmadethis [day]dayof [month], [year], sets forth theentireunderstandingbetween[entity]andthe Universityof Arizona(the“University”),withrespect totheUniversity’s administrationofthe [endowment/fund name](the“Fund”).

  1. PurposeoftheFund:TheFund hasbeen established to support: [Description ofareaofsupport and nameofCollege, etc. Ifascholarship,referencethespecificationshereand includethemas AttachmentA]
  1. SourceoftheFund: TheFundwill beestablishedwith aninitialcontribution of $[amount]. TheDepartment or anyinterestedindividual,corporationor foundationmaymakeadditionalgiftsto theFund atanytime. Additionalcontributions mustalsohavethesamepurposeas outlinedinParagraph 1 above.Thecontributingentitymust bemadeawarethatthis fund isaQuasi-Endowmentand theircontribution maybeused as neededbytheDepartment.
  1. Duration of theFund:TheDepartments’intentfor theFund,includingall realizedandunrealizedcapitalappreciationand depreciationgenerated bytheFund, isto existfor aminimumof fiveyears.

Theaccumulated“Payout”andless than10% oftheprincipal(corpus) in anygivenfiscalyearwill bemadeavailabletosupport the“PurposeoftheFund”as described in Paragraph 1 above.The“Payout,”apercentageofthefairmarketvalueoftheFund as determinedfrom timeto timebytheUniversityofArizonaFoundation,prior toitsexpenditure,will bemaintainedin aseparateUniversityAccountsolelyfor thebenefit ofthePurposeoftheFund. The“Payout,”whichmayfrom timeto timeexceedthe“netincome”(interest,dividend, andanyother currentincomelessapplicableexpenses)generatedbytheFund,will bedistributedmonthly, andwill besodistributedinfulleven ifthefairmarketvalueoftheFundfalls below its historicdollarvalue (thevalueofthegift)unless theUniversitymakesadetermination tothecontrary.

  1. InvestmentAuthority:TheFundshall beinvestedin accordancewiththeinvestmentpolicies oftheUniversityas establishedfromtimetotimebytheUniversity’sInvestmentCommittee.Forpurposes ofinvestmentonly, themonies ofthis Fund maybepooled/commingledwithotherendowmentfunds held bytheUniversity.At all times, theFundshall beseparatelyaccounted forin theUniversity’sbooksand records.
  1. Administration oftheFund: TheFundwill beadministered bytheUniversity,actinginaccordancewithTitle10,Chapter 41, Article1 oftheArizonaRevisedStatutes.Additionally,anydistributions to bemadefrom theFundwillbe madesolongastheydo not violatethisAgreement,anyrules,policies, or procedures promulgated bytheUniversityfromtimeto time,nor anyoftherulesandresolutions oftheStateofArizonaandtheArizonaRevisedStatutes.Intheeventthat anypaymentrequired oftheUniversityhereunder wouldviolatethesame,theUniversitymayrefrainfromsaidactionandmaytakeotheractionto accomplish theintent oftheDonor as expressedherein.
  1. AdministrativeServiceFee:To defrayits expensesrelatedto theholding,safeguarding,investingand maintainingoftheassets in theFund and withrespectto themonitoringanddisbursement ofthePayout, theUniversitywillchargean administrativeservicefeeinaccordancewiththepolicyestablishedfromtimetotimebytheUniversity’sInvestmentCommittee.TheFundwillbecharged theentireadministrativeservicefeeeven ifthefairmarketvalueoftheFundfalls below its historicdollarvalue.
  1. Announcement oftheFund:Announcement oftheFund, includingamount,descriptions ofcontributions and pertinentdetails, maybemadeinanyUniversityofArizonaor UniversityofArizonaFoundationpublication.
  1. Modification ofAgreement:Thetermsand conditions ofthis Agreementmaynot beorallyamended,modified, oralteredbutmaybeamended,modified, oraltered onlyin writingsignedbytheDonor and theUniversity.
  1. Representatives and Successors Bound:This Agreementshallbebindingupon and inureto thebenefit oftheparties hereto and theirlawfulsuccessors.
  1. Governing Law:This Agreementshallbegovernedbyand interpreted inaccordancewiththelaws oftheStateofArizona.

Signed thisdayof,.

Signed:

Universityof ArizonaRepresentative,Title

Signed:

Universityof ArizonaRepresentative,Title