South Dakota 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. A South Dakota Gift Agreement Between Donors and University Foundation with the Purpose of Gift to Construct Building to be Named after Donors is a legally binding contract that outlines the terms and conditions of a gift made by donors to a university foundation for the specific purpose of constructing a building that will bear the donors' name. This agreement ensures clear communication between the parties involved and ensures that the intent of the donors is properly reflected in the use of their gift. Keywords: South Dakota, gift agreement, donors, university foundation, purpose, construct building, named after donors, types. Types of South Dakota Gift Agreement Between Donors and University Foundation with Purpose of Gift to Construct Building to be Named after Donors: 1. Unrestricted Gift Agreement: This type of agreement grants the university foundation flexibility in using the donated funds towards the construction of the building. Although the building will still be named after the donors, the agreement allows the foundation to allocate the funds as deemed appropriate. 2. Restricted Gift Agreement: In this type of agreement, the donors specify the exact purpose or area of the university where the building should be constructed. For example, the agreement may state that the building should be a science laboratory facility or a performing arts center. The funds are solely used for the designated purpose, and the building will be named after the donors. 3. Endowment Gift Agreement: An endowment gift agreement establishes a long-term investment that generates annual income to support the maintenance and operations of the building. The principal amount remains intact while the generated income helps sustain the building. The building will be named after the donors as a reflection of their significant contribution. 4. Major Gift Pledge Agreement: A major gift pledge agreement is often used when the donor commits to providing a substantial amount of funding for the construction of the building over a specific period. This agreement outlines the timeline for making the contributions and ensures that the building will be named after the donor(s). 5. Joint Donor Agreement: In cases where multiple donors contribute towards the construction of the building, a joint donor agreement outlines the terms and conditions agreed upon by all involved parties. The agreement clarifies the proportion of contribution and the naming rights of the building shared among the donors. These various types of South Dakota Gift Agreements Between Donors and University Foundation with the Purpose of Gift to Construct Building to be Named after Donors provide flexibility and specificity in meeting the donors' intentions and allowing university foundations to successfully construct and name buildings in recognition of the donors' contribution.

A South Dakota Gift Agreement Between Donors and University Foundation with the Purpose of Gift to Construct Building to be Named after Donors is a legally binding contract that outlines the terms and conditions of a gift made by donors to a university foundation for the specific purpose of constructing a building that will bear the donors' name. This agreement ensures clear communication between the parties involved and ensures that the intent of the donors is properly reflected in the use of their gift. Keywords: South Dakota, gift agreement, donors, university foundation, purpose, construct building, named after donors, types. Types of South Dakota Gift Agreement Between Donors and University Foundation with Purpose of Gift to Construct Building to be Named after Donors: 1. Unrestricted Gift Agreement: This type of agreement grants the university foundation flexibility in using the donated funds towards the construction of the building. Although the building will still be named after the donors, the agreement allows the foundation to allocate the funds as deemed appropriate. 2. Restricted Gift Agreement: In this type of agreement, the donors specify the exact purpose or area of the university where the building should be constructed. For example, the agreement may state that the building should be a science laboratory facility or a performing arts center. The funds are solely used for the designated purpose, and the building will be named after the donors. 3. Endowment Gift Agreement: An endowment gift agreement establishes a long-term investment that generates annual income to support the maintenance and operations of the building. The principal amount remains intact while the generated income helps sustain the building. The building will be named after the donors as a reflection of their significant contribution. 4. Major Gift Pledge Agreement: A major gift pledge agreement is often used when the donor commits to providing a substantial amount of funding for the construction of the building over a specific period. This agreement outlines the timeline for making the contributions and ensures that the building will be named after the donor(s). 5. Joint Donor Agreement: In cases where multiple donors contribute towards the construction of the building, a joint donor agreement outlines the terms and conditions agreed upon by all involved parties. The agreement clarifies the proportion of contribution and the naming rights of the building shared among the donors. These various types of South Dakota Gift Agreements Between Donors and University Foundation with the Purpose of Gift to Construct Building to be Named after Donors provide flexibility and specificity in meeting the donors' intentions and allowing university foundations to successfully construct and name buildings in recognition of the donors' contribution.