Louisiana Charitable Pledge Agreement - Gift to University to Establish Scholarship Fund

• Category: Gifts - Donations
• State: Multi-State
• Control #: US-13370BG
• Format: Word; Rich Text

Description

A charitable pledge is a contract between a donor and a charity in which the donor promises to make a contribution in the future. This form is a charitable pledge of a gift to a university to establish a scholarship fund. A Louisiana Charitable Pledge Agreement — Gift to University to Establish Scholarship Fund is a legal document that outlines the terms and conditions under which an individual or organization makes a charitable contribution to a university in order to establish a scholarship fund. This agreement serves as a commitment from the donor to provide financial support to the university for the purpose of creating scholarships that will benefit students in need. Keywords: Louisiana, Charitable Pledge Agreement, Gift, University, Establish, Scholarship Fund There are two main types of Louisiana Charitable Pledge Agreements — Gifts to University to Establish Scholarship Fund: 1. Irrevocable Charitable Pledge Agreement: This type of agreement indicates that the donor's commitment to provide funds for the scholarship fund is irrevocable. Once the agreement is signed, the donor cannot revoke or withdraw the pledged amount. 2. Revocable Charitable Pledge Agreement: In contrast to the irrevocable agreement, a revocable charitable pledge agreement allows the donor to modify or cancel the pledged amount at any time. This flexibility provides the donor with the option to adjust their donation according to their financial situation or other changing circumstances. The Louisiana Charitable Pledge Agreement — Gift to University to Establish Scholarship Fund typically includes the following details: — Parties involved: The agreement clearly identifies the donor as well as the university or educational institution receiving the gift. It may also include the contact information and official names of both parties. — Purpose and use of donation: The agreement specifies that the donation is intended to establish a scholarship fund at the university. It outlines that the fund will be used exclusively for granting scholarships to eligible students based on predetermined criteria. — Pledged amount: The agreement states the exact amount of money or other assets the donor commits to contribute towards the scholarship fund. It may also outline the payment schedule if the donation is to be made in installments. — Terms and conditions: The agreement includes the terms and conditions under which the donation will be made. This may include information about tax reducibility, the duration of the agreement, and any specific guidelines or restrictions set by the donor. — Signatures and witnesses: Both parties are required to sign the agreement, along with any witnesses if necessary. This ensures that all parties involved understand and agree to the terms of the charitable pledge. In summary, a Louisiana Charitable Pledge Agreement — Gift to University to Establish Scholarship Fund is a legally binding document that formalizes the donor's commitment to provide financial support to a university in order to establish a scholarship fund. This agreement ensures transparency and clarity regarding the terms and conditions of the donation, benefiting both the donor and the university.

A Louisiana Charitable Pledge Agreement — Gift to University to Establish Scholarship Fund is a legal document that outlines the terms and conditions under which an individual or organization makes a charitable contribution to a university in order to establish a scholarship fund. This agreement serves as a commitment from the donor to provide financial support to the university for the purpose of creating scholarships that will benefit students in need. Keywords: Louisiana, Charitable Pledge Agreement, Gift, University, Establish, Scholarship Fund There are two main types of Louisiana Charitable Pledge Agreements — Gifts to University to Establish Scholarship Fund: 1. Irrevocable Charitable Pledge Agreement: This type of agreement indicates that the donor's commitment to provide funds for the scholarship fund is irrevocable. Once the agreement is signed, the donor cannot revoke or withdraw the pledged amount. 2. Revocable Charitable Pledge Agreement: In contrast to the irrevocable agreement, a revocable charitable pledge agreement allows the donor to modify or cancel the pledged amount at any time. This flexibility provides the donor with the option to adjust their donation according to their financial situation or other changing circumstances. The Louisiana Charitable Pledge Agreement — Gift to University to Establish Scholarship Fund typically includes the following details: — Parties involved: The agreement clearly identifies the donor as well as the university or educational institution receiving the gift. It may also include the contact information and official names of both parties. — Purpose and use of donation: The agreement specifies that the donation is intended to establish a scholarship fund at the university. It outlines that the fund will be used exclusively for granting scholarships to eligible students based on predetermined criteria. — Pledged amount: The agreement states the exact amount of money or other assets the donor commits to contribute towards the scholarship fund. It may also outline the payment schedule if the donation is to be made in installments. — Terms and conditions: The agreement includes the terms and conditions under which the donation will be made. This may include information about tax reducibility, the duration of the agreement, and any specific guidelines or restrictions set by the donor. — Signatures and witnesses: Both parties are required to sign the agreement, along with any witnesses if necessary. This ensures that all parties involved understand and agree to the terms of the charitable pledge. In summary, a Louisiana Charitable Pledge Agreement — Gift to University to Establish Scholarship Fund is a legally binding document that formalizes the donor's commitment to provide financial support to a university in order to establish a scholarship fund. This agreement ensures transparency and clarity regarding the terms and conditions of the donation, benefiting both the donor and the university.