Ohio Charity Subscription Agreement

State:
Multi-State
Control #:
US-1032BG
Format:
Word; 
Rich Text
Instant download

Description

A subscription agreement is a legal obligation to make a payment in money or its equivalent in furtherance of a charitable, business or other undertaking, A 501(c)(3) organization is a corporation, trust, unincorporated association, or other type of organization that is exempt from federal income tax under section 501(c)(3) of Title 26 of the United States Code. For example, 501(c)(3) tax-exemptions apply to entities that are organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes.

How to fill out Charity Subscription Agreement?

Selecting the optimal legal document web template can be challenging.

Of course, there are numerous templates available online, but how do you find the legal form you require.

Utilize the US Legal Forms site. This service offers thousands of templates, including the Ohio Charity Subscription Agreement, which can serve both business and personal needs.

If the form does not fulfill your requirements, use the Search area to find the correct form. Once you are confident the form is suitable, select the Acquire now button to obtain the form. Choose the pricing plan you prefer and enter the necessary information. Create your account and pay for the order using your PayPal account or credit card. Select the file format and download the legal document template to your device. Complete, modify, print, and sign the obtained Ohio Charity Subscription Agreement. US Legal Forms is the ultimate library of legal forms where you can find a variety of document templates. Use the service to obtain professionally created paperwork that complies with state regulations.

  1. All forms are reviewed by professionals and comply with federal and state regulations.
  2. If you are already a member, Log Into your account and click the Download button to obtain the Ohio Charity Subscription Agreement.
  3. Use your account to view the legal forms you have previously purchased.
  4. Visit the My documents tab in your account to download another copy of the document you need.
  5. If you are a new user of US Legal Forms, here are simple steps to follow.
  6. First, ensure you have selected the correct form for your city/state. You can explore the form using the Review button and read the form description to confirm it is appropriate for you.

Form popularity

FAQ

A charitable subscription, also called a charitable pledge, is a donor's written or oral promise or statement of intent to contribute money or property to a charity.

Contracts Law. A charitable subscription, also called a charitable pledge, is a donor's written or oral promise or statement of intent to contribute money or property to a charity.

A promise that is unenforceable due to indefiniteness or lack of mutuality, where only one side is bound to perform. An example of this would be an agreement between a seller and buyer which states that the seller "agrees to sell all of the ice cream he wants to" to the buyer.

Under traditional contract law principles, a charitable pledge is enforceable if it meets the requirements for a legally binding contract. There must be an agreement between the donor and the charity -- in effect, the donor must promise to make a gift and the charity must promise to accept it.

A charitable pledge is enforceable if it is a legally binding contract. A legally binding contract exists when there is agreement between the parties and there has been consideration given in exchange for the pledge. These are known as the three essential elements of a contract.

The most common types of contracts that must be in writing are: Contracts for the sale or transfer of an interest in land, and. A contract that cannot be performed within one year of the making (in other words, a long-term contract like a mortgage).

In California, like most other states, charitable pledges are analyzed as a matter of contract law. This means that pledges are not enforceable unless: (1) the pledgor receives consideration for making the pledge; or (2) the charity has detrimentally relied on the pledge.

Under traditional contract law principles, a charitable pledge is enforceable if it meets the requirements for a legally binding contract. There must be an agreement between the donor and the charity -- in effect, the donor must promise to make a gift and the charity must promise to accept it.

If there is no acceptance, the donation cannot be formalized. Therefore, any donation contract is subject to these conditions: It is an act free and it is made voluntary. Cannot be done on future goods, i.e. the goods must be currently owned by the donor.

Under what situations is consideration not binding? Consideration is not binding if the promise does not create a duty or impose an obligation such as with illusory promises. Illusory promises include termination clauses in contracts and output and requirements contracts.

Trusted and secure by over 3 million people of the world’s leading companies

Ohio Charity Subscription Agreement