The following list is intended to help NPCs and donors take into account the important elements of gift instruments. It must not be complete or definitive. NRPs and donors are encouraged to seek the assistance of a lawyer in negotiations and entry into gift instruments. This resource contains useful information on why a gift deal may be necessary and important and how you can start with an agreement. The following section, entitled `Gift Template Agreement`, contains a gift agreement that has been modelled by an agreement established by the Community Foundation of Collier County. Here is an example of Lynne Wester`s language at Donor Relations Guru, so that you have checked by your general and have it in place in your gift agreement: It is quite common for a gift agreement to exclude one or more provisions that may be necessary to determine whether a contribution should be registered for accounting purposes and, if so, that the contribution has been duly recorded. Since there is no simple procedure for answering all the questions that may arise as part of a gift agreement, judgments and further investigations are often necessary to establish a specific provision. If, at any time, the donor or his name may affect the public trust or reputation of the organ, including moral turbulence, the organ has the right, with the agreement of the board of directors, to remove the name or to return the gift. If, at any time, the donor does not behave himself without due consideration of public morality and decency, or if the donor commits an act or is involved in a situation or is involved in a situation or event, which tends to degrade the donor in the Community, or which carries the donor in public contempt or public scandal or which seriously and negatively carries the reputation or activity of the charity, whether information is made public or not, the charity has the right to withdraw the donor`s recognition rights, as required by the donor.

Since a not-for-profit organization must keep accurate records of donations received, a donor must keep a donation record, especially when it comes to the tax period. A specific agreement on gifts and other financial documents will help keep the non-profit organization and donor on the same page. The objectives of your written agreement would probably be as follows: According to the Pennsylvania Land Trust Association, a written agreement is required: it is also understood and agreed that gift funds as they will be received can be invested by a third party that best defines the investment options for this endowment fund (see #4 item below).