Typical gift agreements provided by the Association of Donor Relations Professionals and Tulsa County. Donations must be directed to the organization at the address below. All donations are transferred to the property of the organization after delivery and are not refundable, unless otherwise provided by this donation contract. This donation contract is the full approval of the donor and the Organization and completely replaces all prior or oral written or oral statements of the parties or any behaviour of the parties. For example, the conservation organization wants to acquire land important to its mission. It has sufficient resources for the deposit, but must rely on donor contributions to pay the balance. Before the risk of losing a non-refundable bond or investing other large sums in due diligence investigations, the conservation organization needs the certainty of the donation agreement that the donor promises to provide the necessary funds for the closure. In these and other similar circumstances, both the donor and the donor have an increased interest in suring that the terms of the gift are clearly demonstrated in order to avoid future misunderstandings. The donation contract is not discretionary and the arguments for and against the arguments below are therefore irrelevant. The AICPA.org play is part of a reflection here in the negotiation and development of gift contracts. If an assessment is not voluntary, it is not a deductible gift for federal income tax purposes. This raises the question: if a person enters into a legally binding agreement on the donation of property or cash to an organization, is the contribution still considered voluntary? Fortunately, the courts have confirmed that a donation can be voluntary, regardless of whether its terms of payment are governed by a legally enforceable donation contract. This customizable model was created by the Community Foundation of Collier County and has been slightly modified.
Make sure that Section 2 of the model is tailored to the purpose of your gift contract. Other areas to be adapted are in parentheses. A provision may be included in the donation contract to establish that the gift is returned to the donor if the money or other donated item has never become the donor`s property. For example: Here is an example of Lynne Wester`s language at Donor Relations Guru for you to have checked through your general counsel and have on site in your gift contract: donations for Save the Park must be used for the purposes described in this agreement and other purposes identified by the organization to preserve open spaces and provide opportunities for recreational activities in Greene Township. A well-developed donation contract will include a description of the investment in time and money or other potential inconveniences that could arise to the conservation organization based on the promised donation. Here is a model gift scheme created for real estate by Tulsa County. In a donation contract entered the most important details of the relationship of the parties: things like the identity of the parties, a description of the donation and, if you wish, things like the form of receipt that was given and the intended use for the donation.