Fort Davis Education Foundation
Fort Davis Higher Education Foundation is a scholarships and student financial aid organization in Fort Davis, Texas. It received its exempt organization status from the IRS in 2003.
Location: Fort Davis, Texas
Website: Fort Davis Education Foundation
As required by law, all assets contributed to funds held by the community foundation become irrevocable gifts to the community foundation, and legal control and responsibility for such assets rest with the community foundation. Assets contributed to the community foundation are subject to the community foundation’s variance power, as set forth in the community foundation’s bylaws. Variance power gives the community foundation the authority to modify any restriction or condition on the distribution of funds for any specified charitable purposes or to specified organizations. In the event that a distribution cannot be made to a specified organization, PBAF will select an alternate grantee to receive the funds.