Indiana Gift Agreement Between Donors and University Foundation with Purpose of Gift to Construct Building to be Named after Donors

• Category: Gifts - Donations
• State: Multi-State
• Control #: US-13369BG
• Format: Word; Rich Text

Description

This form is a sample gift agreement between donors and a university foundation with the purpose of the gift to be construction of a building to be named after the donors. Title: Indiana Gift Agreement Between Donors and University Foundation for Constructing a Building Named after Donors Keywords: Indiana gift agreement, university foundation, construct building, named after donors, purpose of gift Introduction: The Indiana Gift Agreement between the Donors and University Foundation is a legally binding contract that outlines the terms and conditions of a generous donation made by the Donors to the University Foundation. The purpose of this gift is to finance the construction of a building that will be named in honor of the Donors. Types of Indiana Gift Agreements: 1. Specific Purpose Gift Agreement: This type of gift agreement specifies a designated purpose for the donation. In this case, the purpose would be the construction of a building to be named after the Donors. The agreement outlines how the funds will be utilized, the timeline for construction, and any other specific requirements requested by the Donors. 2. Unrestricted Gift Agreement: An unrestricted gift agreement allows the University Foundation to utilize the donated funds at their discretion. However, in this case, the funds are still dedicated solely towards the construction of the building in question, despite the absence of specific guidelines set by the Donors. Important Elements of the Indiana Gift Agreement: 1. Donors' Information: — Detailed contact information of the Donors — Legal names and any designated representatives involved 2. University Foundation's Information: — Full legal name of the University Foundation — Authorized representative's contact information 3. Purpose of the Gift: — Explicit description of the purpose of the gift, emphasizing the construction of a building that will bear the name of the Donors 4. Terms and Conditions of Donation: — Clearly defined donatioamountun— - Stipulations on the utilization of funds for construction activities only — Timelines and project milestone— - Reporting requirements and updates about the building's progress 5. Name and Recognition: — Explicit agreement regarding the naming of the building after the Donors — Details about any recognition, plaques, or signage associated with the Donors' contribution 6. Modifications and Termination: — Clause detailing the process and conditions under which modifications to the agreement may be made — Conditions for terminating the agreement Conclusion: An Indiana Gift Agreement Between Donors and the University Foundation serves as a crucial document outlining a formal contract for a generous donation towards the construction of a building to be named in honor of the Donors. It ensures transparency and accountability while securing the Donors' intent, making their lasting legacy an integral part of the university campus through a carefully constructed agreement.

Title: Indiana Gift Agreement Between Donors and University Foundation for Constructing a Building Named after Donors Keywords: Indiana gift agreement, university foundation, construct building, named after donors, purpose of gift Introduction: The Indiana Gift Agreement between the Donors and University Foundation is a legally binding contract that outlines the terms and conditions of a generous donation made by the Donors to the University Foundation. The purpose of this gift is to finance the construction of a building that will be named in honor of the Donors. Types of Indiana Gift Agreements: 1. Specific Purpose Gift Agreement: This type of gift agreement specifies a designated purpose for the donation. In this case, the purpose would be the construction of a building to be named after the Donors. The agreement outlines how the funds will be utilized, the timeline for construction, and any other specific requirements requested by the Donors. 2. Unrestricted Gift Agreement: An unrestricted gift agreement allows the University Foundation to utilize the donated funds at their discretion. However, in this case, the funds are still dedicated solely towards the construction of the building in question, despite the absence of specific guidelines set by the Donors. Important Elements of the Indiana Gift Agreement: 1. Donors' Information: — Detailed contact information of the Donors — Legal names and any designated representatives involved 2. University Foundation's Information: — Full legal name of the University Foundation — Authorized representative's contact information 3. Purpose of the Gift: — Explicit description of the purpose of the gift, emphasizing the construction of a building that will bear the name of the Donors 4. Terms and Conditions of Donation: — Clearly defined donatioamountun— - Stipulations on the utilization of funds for construction activities only — Timelines and project milestone— - Reporting requirements and updates about the building's progress 5. Name and Recognition: — Explicit agreement regarding the naming of the building after the Donors — Details about any recognition, plaques, or signage associated with the Donors' contribution 6. Modifications and Termination: — Clause detailing the process and conditions under which modifications to the agreement may be made — Conditions for terminating the agreement Conclusion: An Indiana Gift Agreement Between Donors and the University Foundation serves as a crucial document outlining a formal contract for a generous donation towards the construction of a building to be named in honor of the Donors. It ensures transparency and accountability while securing the Donors' intent, making their lasting legacy an integral part of the university campus through a carefully constructed agreement.