Most states have adopted charitable solicitation laws designed to protect donors, the general public, and charities themselves from fraud. Generally, these laws require charities and their fundraisers to register with the state, describe their fundraising activities, file financial documents, and pay a fee that covers the administrative expenses of monitoring charities. The Federal Trade Commission authorizes the filing of complaints when it has reason to believe that the law has been or is being violated, and it appears to the Commission that a proceeding is in the public interest.
Guam Fundraising Agreement is a legally binding contract that outlines the terms and conditions between a fundraising organization and an individual or entity involved in raising funds for a charitable or non-profit cause in Guam, a U.S. territory in the Western Pacific. This agreement establishes a clear understanding between the parties involved, ensuring transparency, accountability, and compliance with local fundraising regulations. The Guam Fundraising Agreement typically includes the following key elements: 1. Parties: Clearly identifies the fundraising organization and the individual/organization participating in fundraising activities, referred to as the fundraiser. 2. Purpose: Defines the specific fundraising objectives, such as collecting funds for a particular cause, event, project, or organization. 3. Roles and Responsibilities: Specifies the responsibilities of both parties, including the fundraiser's obligations in promoting the fundraising campaign, collecting funds, and adhering to applicable laws and regulations. The agreement may also outline the fundraising organization's role in providing necessary resources, guidance, and support. 4. Fundraising Activities: Describes the various methods and strategies that will be employed to raise funds, such as events, campaigns, donation drives, sponsorship, or online platforms. 5. Duration: States the agreed-upon timeframe for conducting the fundraising activities. It may also include provisions for termination or extension of the agreement. 6. Financial Terms: Outlines the financial arrangements, including the percentage or fixed fees that the fundraiser will receive as compensation for their services. It may also specify how the funds will be collected, handled, and accounted for. 7. Reporting and Record-Keeping: Specifies the frequency and format of financial reporting, outlining the required documentation, receipts, and records that the fundraiser needs to maintain and submit to the fundraising organization. 8. Legal Compliance: Ensures that the fundraiser understands and agrees to comply with all applicable laws, regulations, and ethical standards related to fundraising activities in Guam. This may include obtaining necessary licenses or permits, adhering to tax regulations, and following guidelines set by the Guam Department of Revenue and Taxation. 9. Confidentiality: Includes provisions to protect sensitive information, trade secrets, or proprietary data shared during the fundraising process. 10. Dispute Resolution: Outlines the mechanism for resolving any disputes or conflicts that may arise during the course of the agreement, such as mediation or arbitration. Different types of Guam Fundraising Agreements may exist depending on the specific context and requirements. For example, there might be agreements tailored for individual fundraisers, professional fundraising organizations, or agreements specific to certain sectors like education, healthcare, environmental causes, or disaster relief efforts. Additionally, the agreement terms and conditions may vary based on the size and scope of the fundraising campaign.
