A Collin Texas Gift Agreement Between Donors and University Foundation is a legal document that outlines the terms and conditions of a gift made by donors to a university foundation in order to fund the construction of a building to be named after the donors. This agreement serves as a binding contract and ensures that the intentions of the donors are accurately reflected and implemented by the university foundation. Keywords: 1. Collin Texas: This refers to the specific location where the gift agreement and subsequent construction project will take place. Emphasizing this keyword signifies the locality of the agreement. 2. Gift Agreement: The term "gift agreement" highlights that the donors are providing a philanthropic contribution without any expectation of repayment or ownership interest. 3. Donors: This refers to the individuals or organizations who are making the generous contribution to the university foundation. 4. University Foundation: The university foundation represents the institution's nonprofit entity responsible for managing charitable contributions and allocating funds for various purposes. 5. Purpose of Gift: This phrase emphasizes that the donation has a designated purpose, which is the construction of a building. 6. Construct Building: This keyword represents the physical construction of a new structure or the enhancement of an existing one using the funds from the gift agreement. 7. Building to be Named after Donors: This indicates that the structure resulting from the gift agreement will bear the name of the donors, serving as a lasting tribute to their generosity. Types of Collin Texas Gift Agreement Between Donors and University Foundation with Purpose of Gift to Construct Building to be Named after Donors: 1. Endowment Gift Agreement: This type of gift agreement establishes an endowed fund specifically for the construction and maintenance of the building. 2. Capital Campaign Gift Agreement: This agreement is utilized during a university's capital campaign, where a specific fundraising effort is undertaken to gather necessary funds for constructing the building and honoring the donors. In conclusion, a Collin Texas Gift Agreement Between Donors and University Foundation with the Purpose of Gift to Construct Building to be Named after Donors is a legal document that establishes the terms and conditions of a philanthropic contribution by donors for a university foundation. The goal is to use the donated funds to construct a building that will bear the name of the donors, thus perpetuating their legacy and generosity within the institution.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.