San Bernardino California 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
• County: San Bernardino
• 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. San Bernardino, California is a vibrant city located in the Inland Empire region of Southern California. Known for its rich cultural heritage and stunning natural landscapes, San Bernardino is home to a diverse community and a thriving economy. A San Bernardino California Gift Agreement Between Donors and University Foundation with the Purpose of Gift to Construct a Building to be Named after Donors is a legally binding agreement between generous individuals (donors) and a prestigious university foundation. This agreement aims to establish a monetary or material gift from the donors to the university foundation with the specific purpose of funding the construction of a new building on the university campus. In recognition of the donors' generosity, the building will be named after them, creating a lasting legacy for their contribution. There may be different types of Gift Agreements between donors and university foundations in San Bernardino, California. These can include: 1. Monetary Gift Agreement: This type of agreement involves donors providing a substantial financial donation to the university foundation for the construction of the building. The agreement defines the donation amount, payment terms, and any conditions or restrictions imposed by the donors. 2. In-Kind Gift Agreement: In some cases, donors may choose to provide a non-monetary gift, such as land, property, or specific materials, that can be utilized for the construction of the building. The agreement outlines the details of the in-kind gift, including its estimated value and how it will be used for the project. 3. Endowment Fund Agreement: Instead of a one-time gift, some donors may opt to establish an endowed fund to support the ongoing maintenance and operation of the building. This agreement specifies the amount of the endowment, how it will be managed, and the guidelines for its utilization. 4. Naming Rights Agreement: In conjunction with the gift to construct the building, this agreement determines the naming rights for the donors. It outlines the official name of the building, the signage and recognition thereof, and any associated promotional benefits to be granted to the donors. San Bernardino, California, with its thriving academic institutions, encourages philanthropic support from donors to further enhance the educational environment and facilities. Through these Gift Agreements, donors have the opportunity to leave a lasting impact on the university while contributing to the growth and development of the community as a whole.

San Bernardino, California is a vibrant city located in the Inland Empire region of Southern California. Known for its rich cultural heritage and stunning natural landscapes, San Bernardino is home to a diverse community and a thriving economy. A San Bernardino California Gift Agreement Between Donors and University Foundation with the Purpose of Gift to Construct a Building to be Named after Donors is a legally binding agreement between generous individuals (donors) and a prestigious university foundation. This agreement aims to establish a monetary or material gift from the donors to the university foundation with the specific purpose of funding the construction of a new building on the university campus. In recognition of the donors' generosity, the building will be named after them, creating a lasting legacy for their contribution. There may be different types of Gift Agreements between donors and university foundations in San Bernardino, California. These can include: 1. Monetary Gift Agreement: This type of agreement involves donors providing a substantial financial donation to the university foundation for the construction of the building. The agreement defines the donation amount, payment terms, and any conditions or restrictions imposed by the donors. 2. In-Kind Gift Agreement: In some cases, donors may choose to provide a non-monetary gift, such as land, property, or specific materials, that can be utilized for the construction of the building. The agreement outlines the details of the in-kind gift, including its estimated value and how it will be used for the project. 3. Endowment Fund Agreement: Instead of a one-time gift, some donors may opt to establish an endowed fund to support the ongoing maintenance and operation of the building. This agreement specifies the amount of the endowment, how it will be managed, and the guidelines for its utilization. 4. Naming Rights Agreement: In conjunction with the gift to construct the building, this agreement determines the naming rights for the donors. It outlines the official name of the building, the signage and recognition thereof, and any associated promotional benefits to be granted to the donors. San Bernardino, California, with its thriving academic institutions, encourages philanthropic support from donors to further enhance the educational environment and facilities. Through these Gift Agreements, donors have the opportunity to leave a lasting impact on the university while contributing to the growth and development of the community as a whole.