Share Donation Agreement Template

*This was also included in section 11 of the gift agreement template above. The article of AICPA.org deals here with considerations relating to the negotiation and organization of gift contracts. The objectives of your written agreement would likely be as follows: the donor is the registered and beneficial owner of the issued and outstanding shares of the share capital of [company name] whose registered office is located in [State/PROVINCE]. The whose owner intends to give free of charge [NUMBER AND CLASS] of shares in the above-mentioned enterprise to the beneficiary, pledge rights and charges with effect from [date]. Here is an example of a gift contract for real estate that was created by Tulsa County. In a gift contract, the most important details of the relationship of the parties are recorded: things like the identity of the parties, a description of the gift and, if desired, things like the form of receipt and the use of the gift. A good donation agreement also discusses revocability (if the donation can be withdrawn) and responsibility for costs. Philanthropy Works published an article about entering into a gift deal focused on a department leadership perspective. Read it here. This document can be used for a business or person who is preparing to make a donation to a non-profit organization organized in accordance with Section 501(c)(3) of the Internal Income Code. In this document, the form filler can enter relevant identification data, for example.

B if the parties are individuals or companies, their contact details and, of course, all the details of the donation, including their monetary value. A gift or donation agreement, which should not be confused with a gift acceptance policy, is specifically intended to spell out and document what the donor expects and what the nonprofit has committed to do. Any gift that reaches the primary gift status set by your organization should require a gift agreement, including at the monthly gift level. A thorough gift deal can ensure that your nonprofit and the donor are on the same side and agree with the different aspects of the main gift. Gift agreements are made and signed to avoid any misunderstandings and show your donor that you are interested and that he is appreciated and important. A few other questions and points from Philanthropy Works that you should consider when drawing up your formal and written agreement: Donation agreements in the United States are subject to the Internal Revenue Code, which is controlled by the Internal Revenue Service (IRS). In particular, Section 501(c)(3) of the Domestic Revenue Code applies to non-profit organizations. Model gift agreements provided by the Association of Donor Relations Professionals and Tulsa County. Here`s an example of a gift deal for the University of Alabama at Birmingham, provided by the Association of External Relations Professionals. Here`s an example of Lynne Wester`s language from Donor Relations Guru that you can have checked by your general counsel and then have in your donation agreement: a moral or moral clause is a small but important segment that you can add to your gift agreements. A moral clause is used to define certain circumstances that would be embarrassing or detrimental to an organization`s reputation and values. According to Lynne Wester, nonprofits need to protect their organizations from excessive risk.

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