Charity Subscription Agreement
About this form
The Charity Subscription Agreement is a legal document that formalizes a donor's commitment to make a financial contribution to a 501(c)(3) nonprofit organization. This agreement outlines the amount to be donated, the purpose of the donation, and any conditions that may apply. Unlike simpler donation receipts, this form serves the dual purpose of making a pledge while ensuring that the donation is tax-deductible under relevant tax laws, providing both parties with clarity and legal assurance regarding the financial commitment.
Form components explained
- Date of Agreement: The date when the agreement is made.
- Donor Information: Name and address of the donor who is making the contribution.
- Donee Information: Name and address of the nonprofit organization receiving the donation.
- Donation Amount: The specific sum to be contributed by the donor.
- Contingencies: Optional clauses stating conditions under which the donation is contingent.
- Signatures: Required signatures of both the donor and an officer of the nonprofit for validation.
When this form is needed
This form should be used when an individual or business intends to make a committed donation to a nonprofit organization and wishes to ensure the donation is formally acknowledged and tax-deductible. It is ideal in situations such as: - Planning a substantial contribution for a specific cause or project. - Establishing a recurring donation commitment to support the organization's ongoing activities. - Outlining specific conditions under which the donation should be used or released.
Who this form is for
This form is intended for:
- Individuals wishing to make significant donations to charitable organizations.
- Businesses seeking to support nonprofits and establish a formal commitment for sponsorship.
- Nonprofit organizations that require documented agreements for their fundraising efforts.
How to complete this form
- Identify and enter the correct date of the agreement.
- Fill in the donor's name and complete address.
- Provide the nonprofit organization's name and its principal office address.
- Specify the amount donated and, if applicable, any contingencies for the donation.
- Both parties should review the document and sign it, including printed names and titles as appropriate.
- Keep a copy of the signed agreement for your records.
Notarization requirements for this form
This form does not typically require notarization unless specified by local law. However, having a notary witness the signatures can add an extra layer of validation for the agreement and ensure its acceptance by all parties involved.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to specify the donation amount clearly, leading to confusion or disputes.
- Not including essential donor or donee information, which can render the agreement incomplete.
- Overlooking to include necessary contingencies that protect donor interests.
- Not obtaining the proper signatures, which can affect the enforceability of the agreement.
Benefits of using this form online
- Convenience of downloading and completing the form at your own pace.
- Editability allows users to customize the agreement based on specific needs.
- Reliability of a form drafted by licensed attorneys ensures clarity and legal standing.
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FAQ
It is a unilateral promise without consideration. California Civil Code Section 1146 defines a gift as follows: A gift is a transfer of personal property, made voluntarily, and without consideration. Section 1147 says that a verbal gift is generally unenforceable unless the means of obtaining possession and control
A gift is a voluntary and gratuitous transfer of property from one person to another, without something of value promised in return. Failure to follow through on a promise to make a gift is not enforceable as a breach of contract because there is no consideration for the promise.
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.
In California, a pledge is enforceable as a binding contract only if there is consideration. In certain other states, the rules are less strict: Even a promise to make a payment to a charitable organization without anything given in return may be enforceable as a matter of public policy.
It is a unilateral promise without consideration. California Civil Code Section 1146 defines a gift as follows: A gift is a transfer of personal property, made voluntarily, and without consideration. Section 1147 says that a verbal gift is generally unenforceable unless the means of obtaining possession and control
