Last updated: 4/5/2024
Proposed Release Or Modification Of Restriction Upon Institutional Fund
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Description
NOTIFICATION FORM PROPOSED RELEASE OR MODIFICATION OF RESTRICTION UPON INSTITUTIONAL FUND PURSUANT TO OHIO REVISED CODE SECTION 1715.55(D). This form is used by institutions to notify the Ohio Attorney General's Charitable Law Section about the proposed release or modification of a restriction on an institutional fund, as per Ohio Revised Code Section 1715.55(D). The form collects information such as the institution's name and address, details about the institutional fund subject to restriction, total asset value, inception date, proposed effective date of release or modification, and an explanation of the basis for the proposed action. Additionally, the form requires providing a copy of the gift instrument and specifying the restriction(s) for release or modification. If modification is proposed, the nature of the modification must be described, along with how the institution's use of the property aligns with charitable purposes. The form also includes space for the signature of an officer, director, or trustee of the institution, along with their contact information. www.FormsWorkflow.com
