Gift Agreement Between With Mutual

Category:
State:
Multi-State
Control #:
US-13369BG
Format:
Word; 
Rich Text
Instant download

Description

The Gift Agreement Between Donors and University Foundation outlines the mutual understanding and commitment of the Donors to contribute a specified amount to support the construction of a building at the University. Key features of this agreement include detailed pledge amounts with due dates, a clear purpose for the funds, and administrative procedures for managing the donated amounts. It also allows for payments via stock, ensuring that all transactions comply with tax regulations under the Internal Revenue Code. Recognition of the gift is paramount, as it stipulates the naming of the building after the Donors, which includes specific terms for signage and publication of their names. The agreement is binding not only for the Donors but also for their estates, ensuring that the commitments are honored even after death. For professionals like attorneys, paralegals, and legal assistants, this document serves as a reliable template for drafting similar agreements, protecting the interests of clients while ensuring compliance with legal requirements. It is particularly useful for those involved in philanthropic legal work, providing clear guidelines for both donors and the receiving entities. Additionally, the inclusion of terms regarding amendments, irrevocability, and arbitration helps clarify the expectations and responsibilities of all parties involved.
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  • Preview Gift Agreement Between Donors and University Foundation with Purpose of Gift to Construct Building to be Named after Donors
  • Preview Gift Agreement Between Donors and University Foundation with Purpose of Gift to Construct Building to be Named after Donors
  • Preview Gift Agreement Between Donors and University Foundation with Purpose of Gift to Construct Building to be Named after Donors
  • Preview Gift Agreement Between Donors and University Foundation with Purpose of Gift to Construct Building to be Named after Donors

How to fill out Gift Agreement Between Donors And University Foundation With Purpose Of Gift To Construct Building To Be Named After Donors?

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FAQ

Goals of your written gift agreementa donation subject to restrictions that allow the donor control over the future use of the donation.a donation to be held, invested or disbursed pursuant to certain agreed-upon terms.a donation that will result in naming a property or project after the donor.

A donation agreement will include the names of the parties, a description of the donation, whether a receipt that was given, and possibly the intended use for the donation. The agreement should also include a revocability (whether the donation can be taken back) section and define expense responsibility.

A gift agreement documents a gift has been made by the donor to a charitable organization and is legally enforceable. A pledge agreement records a commitment by a donor to make a gift at a future time.

Gift Agreement means a document created by the University in coordination with a donor that provides information on the use of their gift, the value of the gift and funding arrangements, contact information, and approval signatures. Sample 1.

A gift agreement documents a gift has been made by the donor to a charitable organization and is legally enforceable. A pledge agreement records a commitment by a donor to make a gift at a future time.

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Gift Agreement Between With Mutual