Charity Subscription Agreement
What is this form?
The Charity Subscription Agreement is a legally binding document that outlines a donor's commitment to contribute money or property to a charitable organization for a specific purpose. Unlike simple donation forms, this agreement formalizes the donor's intent and specifies conditions, such as the amount pledged and the usage of funds, ensuring both parties understand their commitments clearly.
Form components explained
- Name and address of the subscriber (donor).
- The total amount pledged by the subscriber.
- Specific purposes for which the funds will be used (as outlined in Exhibit A).
- Contingencies regarding the total amount of subscriptions received by the charity.
- Deductibility of the donation for tax purposes.
- Signatures of both the subscriber and an appropriate officer of the charity.
When this form is needed
This form is appropriate when an individual or organization wishes to make a formal pledge to donate to a charity. It is especially useful for larger contributions that require clear documentation regarding the intended use of funds. Use this agreement when you want to ensure that both the donor and the charity have a mutual understanding of the donation's purpose and any conditions attached to it.
Who this form is for
- Individuals or businesses wishing to make a charitable contribution with specific stipulations.
- Charitable organizations looking to formalize donor commitments.
- Donors who require documentation for tax purposes regarding charitable donations.
Instructions for completing this form
- Identify and enter the name and address of the subscriber (donor).
- Specify the total amount of the donation and the deadline for payment.
- Clearly define the specific purposes for which the funds will be used in Exhibit A.
- Ensure that the subscription is contingent upon meeting the defined conditions.
- Both the subscriber and an officer from the charity should sign and print their names in the appropriate sections.
Does this form need to be notarized?
This form does not typically require notarization unless specified by local law. However, both parties should verify the requirements in their jurisdiction to ensure compliance.
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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.
Mistakes to watch out for
- Failing to specify the intended use of the funds clearly.
- Not including the date by which the donation is to be made.
- Skipping the signatures of both parties, which may lead to unenforceability.
Benefits of completing this form online
- Convenience of downloading and filling out the form from anywhere.
- Editability allows users to customize the agreement for specific circumstances.
- Access to legal forms drafted by licensed attorneys for reliability and accuracy.
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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
