Orange California Charitable Pledge Agreement - Gift to University to Establish Scholarship Fund

• Category: Gifts - Donations
• State: Multi-State
• County: Orange
• 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. Title: Orange California Charitable Pledge Agreement — Gift to University Establishes Scholarship Fund Description: The Orange California Charitable Pledge Agreement — Gift to University Establishes Scholarship Fund is a legal document executed between philanthropic individuals or organizations residing in Orange, California, and a university or college located in the region. This agreement outlines the terms and conditions for the donation of a sum of money or assets to establish a scholarship fund at the university. The purpose of this pledge is to provide financial assistance to deserving students, enabling them to pursue higher education. Keywords: — Orange California: Orange, California, charitable pledge, donation, philanthropy, higher education, scholarship fund, scholarship, university, college, financial assistance, terms and conditions. Types of Orange California Charitable Pledge Agreement — Gift to University to Establish Scholarship Fund: 1. Monetary Donation Pledge: This type involves the commitment of a specified amount of money to the university's scholarship fund. The donor agrees to contribute the pledged amount either in a lump sum or through scheduled installments over a defined period. 2. Asset Donation Pledge: Instead of monetary funds, this type of pledge involves the transfer of tangible or intangible assets, such as real estate, stocks, bonds, or valuable personal property. The donor agrees to transfer these assets to the university, which will be converted into funds for the scholarship program. 3. Endowed Scholarship Pledge: In this type, the donor establishes an endowed scholarship fund, wherein the principal sum remains invested, and only a portion of the returns generated is used annually to award scholarships. The pledge agreement outlines the specific guidelines for eligibility, selection, and disbursement of scholarship funds. 4. Named Scholarship Pledge: A named scholarship allows donors to personalize the scholarship by attaching their name or the name of a loved one to the award. This pledge agreement may include provisions such as preference for certain fields of study or criteria for selecting recipients who align with the donor's values or interests. 5. Matching Gift Pledge: Some organizations or individuals offer to match the donations made by others within a specified time frame up to a certain limit. This encourages wider community participation and may involve additional terms and conditions mentioned in the pledge agreement. By executing an Orange California Charitable Pledge Agreement — Gift to University Establishes Scholarship Fund, donors contribute significantly to the educational development of students in their community while leaving a lasting philanthropic legacy. The specific terms and conditions, including the type of pledge, are determined by mutual agreement between the donor and the university.

Title: Orange California Charitable Pledge Agreement — Gift to University Establishes Scholarship Fund Description: The Orange California Charitable Pledge Agreement — Gift to University Establishes Scholarship Fund is a legal document executed between philanthropic individuals or organizations residing in Orange, California, and a university or college located in the region. This agreement outlines the terms and conditions for the donation of a sum of money or assets to establish a scholarship fund at the university. The purpose of this pledge is to provide financial assistance to deserving students, enabling them to pursue higher education. Keywords: — Orange California: Orange, California, charitable pledge, donation, philanthropy, higher education, scholarship fund, scholarship, university, college, financial assistance, terms and conditions. Types of Orange California Charitable Pledge Agreement — Gift to University to Establish Scholarship Fund: 1. Monetary Donation Pledge: This type involves the commitment of a specified amount of money to the university's scholarship fund. The donor agrees to contribute the pledged amount either in a lump sum or through scheduled installments over a defined period. 2. Asset Donation Pledge: Instead of monetary funds, this type of pledge involves the transfer of tangible or intangible assets, such as real estate, stocks, bonds, or valuable personal property. The donor agrees to transfer these assets to the university, which will be converted into funds for the scholarship program. 3. Endowed Scholarship Pledge: In this type, the donor establishes an endowed scholarship fund, wherein the principal sum remains invested, and only a portion of the returns generated is used annually to award scholarships. The pledge agreement outlines the specific guidelines for eligibility, selection, and disbursement of scholarship funds. 4. Named Scholarship Pledge: A named scholarship allows donors to personalize the scholarship by attaching their name or the name of a loved one to the award. This pledge agreement may include provisions such as preference for certain fields of study or criteria for selecting recipients who align with the donor's values or interests. 5. Matching Gift Pledge: Some organizations or individuals offer to match the donations made by others within a specified time frame up to a certain limit. This encourages wider community participation and may involve additional terms and conditions mentioned in the pledge agreement. By executing an Orange California Charitable Pledge Agreement — Gift to University Establishes Scholarship Fund, donors contribute significantly to the educational development of students in their community while leaving a lasting philanthropic legacy. The specific terms and conditions, including the type of pledge, are determined by mutual agreement between the donor and the university.