Build a table of purposes stated in grant deeds and fund records
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- For each fund, quote the purpose and any spending limit in the words of the deed or the board record, and name the page. Write no deed, no reclassification, and no conclusion that the fund is restricted.
- What the lawyer must review
- You decide what the deed requires and whether an expenditure furthers an exempt purpose. Under Treasury Regulation § 1.501(c)(3)-1(c)(1), an organisation is regarded as operated exclusively for exempt purposes only if it engages primarily in activities which accomplish one or more of the purposes specified in section 501(c)(3). The table is an index of what the documents say. It does not apply a state endowment statute. No Uniform Prudent Management of Institutional Funds Act was opened. Section 501(c)(3) also requires that no part of the net earnings inure to a private shareholder or individual. ABA Formal Opinion 512 requires independent verification when a tool is used to extract from a set of deeds.
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Do not begin AI assistance until the responsible lawyer has defined and confirmed its permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
- Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.