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Get Contract For Gift
How it works
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Open form follow the instructions
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Easily sign the form with your finger
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Send filled & signed form or save
How to fill out the Contract For Gift online
Filling out the Contract For Gift online can be a straightforward process. This guide will provide you with a clear, step-by-step approach to ensure that all information is accurately entered and your generous contribution is properly documented.
Follow the steps to complete the online form.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Begin by filling in the donor information. Provide the name of the donor(s), phone number, address, email, and contact name. Ensure all fields are clearly filled to facilitate future communication.
- Indicate the type of commitment by selecting one of the options: personal commitment, corporate commitment, or foundation commitment. This helps categorize the nature of the gift.
- Detail the gift information by describing the gift, including specifics such as quantity, model number, manufacturer, title, artist, condition, and location. If necessary, attach a separate sheet for additional details.
- State the estimated market value of the gift in the specified field. Be aware that for gifts valued over $5,000, an appraisal will be required, and you must provide a copy.
- Affirm your desire to transfer the described property by signing in the donor signature field and providing the date of signing. This section signifies your commitment to the transaction.
- Choose a valuation method from the options provided such as independent appraisal or itemized inventory list.
- Complete the acceptance section where you can specify how the gift will be utilized or sold. This indicates your preferences regarding the gift's purpose.
- Input the Social Security or Tax ID number if the value of the non-cash gift exceeds $5,000 for individuals. This is a necessary requirement for tax documentation.
- After verifying all information for accuracy, proceed to save your changes, download the form, print it, or share it as needed.
Complete your documents online to ensure a smooth contribution process.
No, a gift is not subject to any legal requirement to return the gift. A gift is a gift is a gift, and such a gift does not automatically turn into a loan just because the...
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