Title: Wake North Carolina Gift Agreement Between Donors and University Foundation for the Construction of a Building Named after the Donors Introduction: The Wake North Carolina Gift Agreement between donors and the University Foundation sets the framework for a generous gift that aims to construct a building on the university campus. This comprehensive agreement outlines the terms, conditions, and purposes of the gift, enabling the university and donors to collaboratively enhance the educational landscape. The building, to be named after the donors, will serve as a testament to their commitment towards advancing education and transforming lives. Key Elements of the Wake North Carolina Gift Agreement: 1. Identification and Parties Involved: — Description of the University Foundation and its role in fundraising and development. — Identification of the donors and their relationship with the university. 2. Building Construction Specifications: — Detailed outline of the building's design, architectural plans, and space requirements. — Mention of the intended purpose of the building, such as classrooms, laboratories, research centers, or administrative offices. — Emphasis on sustainability, accessibility, and adherence to local building codes and regulations. 3. Naming Rights and Recognition: — Explicit confirmation that the building will be named after the donors, ensuring enduring recognition of their philanthropic contribution. — Inclusion of provisions on the usage and presentation of the donors' names in conjunction with the building. — Potential opportunities for additional recognition, such as plaques or commemorative displays. 4. Financial Contribution and Donor Expectations: — Statement of the donors' financial commitment to the university for the construction of the building. — Provision for the timeline of payment, mode of payment, and any associated conditions. — Expectations regarding periodic progress updates and transparent reporting on the utilization of the donated funds. 5. Governance and Implementation: — Appointment of a project committee or governing body responsible for overseeing the construction process. — Provision for regular consultations and collaboration between the donors, university representatives, and architectural/engineering teams. — Clear delineation of responsibilities, including procurement procedures, risk management, and ensuring compliance with the agreed-upon construction timeline. Other Types of Wake North Carolina Gift Agreements: 1. Scholarship Endowment Gift Agreement: — A gift agreement specifically aimed at establishing a scholarship endowment in the donors' name to support deserving students. 2. Program or Research Grant Gift Agreement: — A gift agreement geared towards providing funding for a specific academic program or research project, enriching the university's educational offerings. 3. Athletic Facility Gift Agreement: — A gift agreement focused on constructing or renovating athletic facilities, promoting student-athlete development and community engagement in sports. Conclusion: The Wake North Carolina Gift Agreement Between Donors and University Foundation, with the purpose of constructing a building to honor the donors, represents a transformative partnership. By aligning the university's mission with the philanthropic vision of the donors, this agreement paves the way for innovation, growth, and educational excellence. Together, they create an enduring legacy that amplifies the impact of education on future generations.
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.