Franklin Ohio Acknowledgment by Charitable or Educational Institution of Receipt of Pledged Gift is a legal document that serves as an official acknowledgment from a charitable or educational institution located in Franklin, Ohio, confirming the receipt of a pledged gift. This document is essential for both the donor and the institution as it provides a written record of the gift and ensures transparency and accountability in the donation process. The Franklin Ohio Acknowledgment by Charitable or Educational Institution of Receipt of Pledged Gift includes important details that should be included in the document to make it valid and legally binding. These details typically consist of the name and contact information of the institution, the donor's name and contact information, the date of the gift pledge, a description or value of the pledged gift, and any specific terms or conditions associated with the donation. In Franklin, Ohio, there may be different types of Acknowledgment by Charitable or Educational Institution of Receipt of Pledged Gift, including: 1. Cash Pledged Gift Acknowledgment: This type of acknowledgment is used when the donor pledges a specific amount of cash to the charitable or educational institution. The document will outline the details of the cash gift pledge, such as the pledged amount and any payment terms agreed upon. 2. In-Kind Pledged Gift Acknowledgment: In cases where the donor pledges a non-cash gift, such as tangible assets or services, an in-kind pledged gift acknowledgment is used. This document details the description and estimated value of the pledged non-cash gift. 3. Restricted Pledged Gift Acknowledgment: If the donor specifies certain restrictions or conditions regarding the use of the pledged gift, a restricted pledged gift acknowledgment is employed. This document states the terms or restrictions agreed upon by both parties and ensures that the institution will use the gift accordingly. 4. Endowment Pledged Gift Acknowledgment: In situations where the donor intends to establish an endowment fund through their pledged gift, an endowment pledged gift acknowledgment is utilized. This document articulates the donor's intention to create an endowment fund and outlines any specific terms or conditions associated with the endowment. In conclusion, the Franklin Ohio Acknowledgment by Charitable or Educational Institution of Receipt of Pledged Gift is an important legal document that ensures transparency and accountability in the donation process. Different types of Acknowledgment may include cash pledged gift acknowledgment, in-kind pledged gift acknowledgment, restricted pledged gift acknowledgment, and endowment pledged gift acknowledgment.