Investment Application And Agreement Template Page 2
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Investor has such knowledge and experience in financial and business matters that Investor is capable of evaluating the
(b)
merits and risks of an investment in the Funds, and Investor is capable of making an informed decision with respect to
an investment in the Funds.
Investor is currently, and will be for so long as it remains an investor in the Funds, a charitable nonprofit organization
(c)
exempt from federal income taxation under section 501(c)(3) or other applicable sections of the Internal Revenue Code
of 1986, as amended.
(d)
The Investor owns all funds which may be deposited in fee simple, free and clear of all liens, encumbrances and other
impediments to transfer.
3. Acknowledgments. Investor acknowledges awareness of and agrees to the following:
(a)
Neither the Foundation nor any of the Funds is registered as an investment company, an investment adviser, or a
broker-dealer under either federal or state securities laws, in reliance upon exclusions or exemptions from these laws.
(b)
The Funds are organized and operated, at all times, exclusively for investment by United Methodist churches and
congregations, and other qualified organizations affiliated with the United Methodist Church. Net earnings of the
Funds may not inure to the benefit of any private shareholder or individual. All financial benefits of the Funds shall be
distributed exclusively to its eligible investors to be used solely for their tax-exempt purposes.
(c)
The Foundation has made no recommendation whether Investor should invest in the Funds.
(d)
Investor will retain title to all assets it invests. The Foundation will not have title to, or any ownership interest in, the
assets invested by Investor in the Funds.
(e)
The Investor has read and understands the risks associated with investment in the Funds as described in the Disclosure
Statement.
(f)
The Foundation will not make an independent determination and assumes no responsibility as to whether funds
received from the Investor are endowment funds of Investor or otherwise appropriate for investment by Investor in the
Funds. The Foundation will follow the instructions provided by the Investor in this Investment Application and
Agreement regarding distributions and investment. If applicable, the Investor should refer to the gift instrument (e.g.,
will, letter of instruction), institutional documents (e.g., bylaws, endowment program charter, The Book of Discipline)
and to relevant Missouri law (e.g., Sections 402.130 through 402.148 of the Missouri Revised Statutes) for guidance
regarding the Investor’s duties and responsibilities regarding the investment and use of charitable endowment funds
and other financial assets administered for charitable purposes.
4. Deposits. The Investor may deposit cash or other property acceptable to the Foundation in the account at any time, in
keeping with the policies stated in the Disclosure Statement. Deposits should be made payable to the Foundation and
include the account name and number.
5. Rate of Return. In accepting and handling the funds covered by this Agreement, the Foundation is acting as custodian and
agent for the Investor and does not guarantee the principal amount, the amount of return from the investment thereof, or the
payment of interest or dividends on any security or other investment in which the principal sum or its earnings may from
time to time be invested.
6. Distributions. Distributions from the account shall be of the type and made with the frequency indicated above. If
distributions are made upon request, the request shall be in writing on the Investor’s letterhead and signed by two
authorized officers of the Investor.
7. Accounting. The fiscal year of all Foundation investment funds is the calendar year. The financial statements of the
Foundation are audited annually by certified public accountants. The Foundation will provide a copy of its audited
financial statements to the Investor upon request.
8. Fees and Expenses. All accounts held by the Foundation participate in the expenses paid to money managers, investment
consultants and custodians on a pro-rata basis. In addition, each account is charged the Foundation’s annual administrative
fee as described in the Disclosure Statement. The administrative fee is subject to change. The Investor will receive written
notice of any change in the administrative fee at least ninety (90) days in advance.
9. Withdrawals. Withdrawals may be requested in addition to regular distributions. Requests for withdrawals shall be made
in writing on the Investor’s letterhead and signed by two authorized officers of the Investor. The Foundation will honor all
proper withdrawal requests in keeping with the withdrawal policies described in the Disclosure Statement.
Page 2 of 4
Investment Agreement 2015
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