Phoenix Arizona 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
• City: Phoenix
• 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 Phoenix Arizona Gift Agreement Between Donors and University Foundation is a legal document that outlines the terms and conditions of a donation made by individuals or organizations to a university foundation for the purpose of constructing a building to be named after the donors. This agreement serves as a binding contract, ensuring that both parties understand their rights and responsibilities. The agreement typically includes the following key elements: 1. Parties: The names and contact information of the donors and the university foundation are stated in the agreement. This helps establish the identities of the parties involved. 2. Purpose of the Gift: The agreement explicitly states that the purpose of the donation is to fund the construction of a building on the university campus. This ensures that the funds will be used as intended by the donors. 3. Building Naming Rights: The agreement specifies that the building will be named after the donors, honoring their contribution and legacy. This provision may include certain guidelines, such as the size and location of the donor's name on the building. 4. Donation Amount: The agreement outlines the exact amount of the donation or a guaranteed minimum amount. This ensures transparency and sets the expectations for both parties. 5. Payment Terms: The agreement includes the terms and schedule of the donation payment. It may be a one-time lump sum or divided into installments over a specified period. 6. Recognition and Publicity: The agreement may include provisions regarding the recognition and publicity the donors will receive for their gift. This could involve press releases, official acknowledgments, or special events to celebrate the donors and their contribution. 7. Governance and Oversight: The agreement may address the governance and oversight of the construction project, including the establishment of committees or joint meetings between the donors, university representatives, and the foundation to ensure smooth coordination. Different types of Phoenix Arizona Gift Agreements can be categorized based on the specific details and requirements of the donors and the university foundation. These can include: — General Gift Agreement: A standard agreement where donors make a gift without specific building name rights. — Major Donor Gift Agreement: An agreement that applies to donors who contribute a significant amount or play a vital role in the construction project. — Capital Campaign Gift Agreement: This type of agreement is tailored for a larger fundraising campaign, involving multiple donors and various projects within the university. — Endowed Building Gift Agreement: An agreement where the donation is used to establish an endowment fund for the ongoing maintenance and support of the building. In conclusion, a Phoenix Arizona Gift Agreement Between Donors and University Foundation with the Purpose of Gift to Construct Building to be Named after Donors represents a legally binding contract that ensures clear communication and agreement between the donors and the university foundation. Various types of gift agreements exist to accommodate the specific needs and circumstances of both parties involved in the donation process.

A Phoenix Arizona Gift Agreement Between Donors and University Foundation is a legal document that outlines the terms and conditions of a donation made by individuals or organizations to a university foundation for the purpose of constructing a building to be named after the donors. This agreement serves as a binding contract, ensuring that both parties understand their rights and responsibilities. The agreement typically includes the following key elements: 1. Parties: The names and contact information of the donors and the university foundation are stated in the agreement. This helps establish the identities of the parties involved. 2. Purpose of the Gift: The agreement explicitly states that the purpose of the donation is to fund the construction of a building on the university campus. This ensures that the funds will be used as intended by the donors. 3. Building Naming Rights: The agreement specifies that the building will be named after the donors, honoring their contribution and legacy. This provision may include certain guidelines, such as the size and location of the donor's name on the building. 4. Donation Amount: The agreement outlines the exact amount of the donation or a guaranteed minimum amount. This ensures transparency and sets the expectations for both parties. 5. Payment Terms: The agreement includes the terms and schedule of the donation payment. It may be a one-time lump sum or divided into installments over a specified period. 6. Recognition and Publicity: The agreement may include provisions regarding the recognition and publicity the donors will receive for their gift. This could involve press releases, official acknowledgments, or special events to celebrate the donors and their contribution. 7. Governance and Oversight: The agreement may address the governance and oversight of the construction project, including the establishment of committees or joint meetings between the donors, university representatives, and the foundation to ensure smooth coordination. Different types of Phoenix Arizona Gift Agreements can be categorized based on the specific details and requirements of the donors and the university foundation. These can include: — General Gift Agreement: A standard agreement where donors make a gift without specific building name rights. — Major Donor Gift Agreement: An agreement that applies to donors who contribute a significant amount or play a vital role in the construction project. — Capital Campaign Gift Agreement: This type of agreement is tailored for a larger fundraising campaign, involving multiple donors and various projects within the university. — Endowed Building Gift Agreement: An agreement where the donation is used to establish an endowment fund for the ongoing maintenance and support of the building. In conclusion, a Phoenix Arizona Gift Agreement Between Donors and University Foundation with the Purpose of Gift to Construct Building to be Named after Donors represents a legally binding contract that ensures clear communication and agreement between the donors and the university foundation. Various types of gift agreements exist to accommodate the specific needs and circumstances of both parties involved in the donation process.