Kansas 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: Exploring the Kansas Gift Agreement Between Donors and University Foundation — Constructing a Building Named after Donors Introduction: The Kansas Gift Agreement Between Donors and University Foundation with the Purpose of a Gift to Construct a Building Named after Donors is a legally binding document that outlines the terms and conditions of a generous donation given by individuals or organizations to support the construction of a building at a university campus in Kansas. This detailed description will walk you through the key aspects of this agreement, highlighting its significance and potential types. Key terms and concepts: 1. Kansas University Foundation: The entity responsible for managing and administering donations at the university level. It may represent the interests of the university and act as the intermediary between donors and the university administration. 2. Donor: Individuals or organizations providing financial assistance towards the construction of the building. Donors are typically granted the naming rights to commemorate their philanthropy. 3. Building Naming Rights: The privilege granted to donors, allowing them to bestow their name or the name of their choosing upon the building in recognition of their significant contribution. 4. Purpose of the Gift: The explicit intention of the donation is to fund and support the construction of a specific building, serving a designated purpose determined by the donor and the university. Types of Kansas Gift Agreements: While the overarching purpose of these agreements remains the same, there can be several types depending on the nature of the donation and the objectives of the donor. Here are a few notable variations: 1. General Gift Agreement: This agreement is signed when the donor's contribution is unrestricted, meaning it can be allocated towards the construction of any building or used for other university purposes as deemed necessary. 2. Specific Gift Agreement: In this case, the donor designates funds specifically towards the construction of a particular building, which is named after the donor(s) in recognition of their generosity. 3. Endowed Gift Agreement: An endowed gift agreement entails the establishment of an endowment fund through the donor's contribution. The generated income is then used to maintain and support the building in perpetuity. Here, the building may carry the donor's name, but it may also continue to bear the university's name or the name of another significant figure. 4. Matching Gift Agreement: This type of agreement involves the donor pledging a specific amount towards the building construction, on the condition that the university secures additional funding from external sources within a set timeframe. Once the required funds are collected, the building can be constructed and named after the donor. Conclusion: The Kansas Gift Agreement Between Donors and University Foundation with the Purpose of a Gift to Construct a Building Named after Donors plays a crucial role in facilitating the development of academic infrastructure at universities in Kansas. By honoring donors' generosity through building naming rights, the agreement helps universities attract further investments and enhance their facilities, ultimately benefiting the educational experience for current and future students.

Title: Exploring the Kansas Gift Agreement Between Donors and University Foundation — Constructing a Building Named after Donors Introduction: The Kansas Gift Agreement Between Donors and University Foundation with the Purpose of a Gift to Construct a Building Named after Donors is a legally binding document that outlines the terms and conditions of a generous donation given by individuals or organizations to support the construction of a building at a university campus in Kansas. This detailed description will walk you through the key aspects of this agreement, highlighting its significance and potential types. Key terms and concepts: 1. Kansas University Foundation: The entity responsible for managing and administering donations at the university level. It may represent the interests of the university and act as the intermediary between donors and the university administration. 2. Donor: Individuals or organizations providing financial assistance towards the construction of the building. Donors are typically granted the naming rights to commemorate their philanthropy. 3. Building Naming Rights: The privilege granted to donors, allowing them to bestow their name or the name of their choosing upon the building in recognition of their significant contribution. 4. Purpose of the Gift: The explicit intention of the donation is to fund and support the construction of a specific building, serving a designated purpose determined by the donor and the university. Types of Kansas Gift Agreements: While the overarching purpose of these agreements remains the same, there can be several types depending on the nature of the donation and the objectives of the donor. Here are a few notable variations: 1. General Gift Agreement: This agreement is signed when the donor's contribution is unrestricted, meaning it can be allocated towards the construction of any building or used for other university purposes as deemed necessary. 2. Specific Gift Agreement: In this case, the donor designates funds specifically towards the construction of a particular building, which is named after the donor(s) in recognition of their generosity. 3. Endowed Gift Agreement: An endowed gift agreement entails the establishment of an endowment fund through the donor's contribution. The generated income is then used to maintain and support the building in perpetuity. Here, the building may carry the donor's name, but it may also continue to bear the university's name or the name of another significant figure. 4. Matching Gift Agreement: This type of agreement involves the donor pledging a specific amount towards the building construction, on the condition that the university secures additional funding from external sources within a set timeframe. Once the required funds are collected, the building can be constructed and named after the donor. Conclusion: The Kansas Gift Agreement Between Donors and University Foundation with the Purpose of a Gift to Construct a Building Named after Donors plays a crucial role in facilitating the development of academic infrastructure at universities in Kansas. By honoring donors' generosity through building naming rights, the agreement helps universities attract further investments and enhance their facilities, ultimately benefiting the educational experience for current and future students.