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[Corporate Donor] [Street Address] [City, State ZIP Code][Date][Insert appropriate address/salutation option.][Corporate Donor] wishes to provide charitable support to the University of California
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A new fully expendable fund is a type of financial fund that is established to provide funding for specific projects or operations, with the understanding that the funds will be used entirely for said purpose and not retained for future use.
Organizations or entities that establish a new fully expendable fund, such as non-profits, educational institutions, or governmental bodies, are required to file.
To fill out the new fully expendable fund, entities must complete the designated form, providing detailed information about the purpose of the fund, funding sources, anticipated expenditures, and any relevant financial data.
The purpose of a new fully expendable fund is to allocate financial resources for specific projects or operational activities that are intended to be fully utilized without retaining any portion of the funds.
Information that must be reported includes the fund's purpose, source of funds, financial projections, expected expenditures, and details on how funds will be spent.
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