Sample Endowment Form Agreement (Primarily For Individuals) printable pdf download

Sample Endowment Form Agreement (Primarily For Individuals)

SAMPLE ENDOWMENT FORM AGREEMENT

(PRIMARILY FOR INDIVIDUALS)

[date]

Donor

Address

Dear [Donor]:

The [recipient organization name] is very grateful for your recent generous [gift/pledge] to

establish an endowment for the benefit of [name unit or describe project]. We are pleased to be

able to formally acknowledge receipt of this gift.

It will be our honor to present this gift to the [recipient organization name]’s Board of Directors

for their final acceptance. Your endowment will be known in perpetuity as [name of endowment],

and we will acknowledge this name in connection with programs, activities, or publications

[alternatively, describe here in detail the specific program(s)] supported by it. We look forward

to reporting to you annually on this endowment.

As we discussed, it is your intention to pay [describe the amount of payment; the type (cash,

check, wire transfer, gift of shares of stock, deferred gift); and when payment will occur.

Provide a detailed pledge schedule here, if applicable. If some or all payment(s) has/have been

made, include date the [recipient organization name] received fund(s) and amount(s).] [If

payment instructions needed: Payment instructions are attached to this agreement.]

[Include for pledges: We confirm our common understanding that this is a binding pledge on

you and your estate, and that the [recipient organization name] may make commitments in

reliance on this pledge. Also, w… ] We appreciate your understanding that while we are deeply

appreciative of your support of our mission, the [recipient organization name] maintains

exclusive discretion to determine the contents of its programs and exhibitions and to interpret its

mission. We also confirm that this agreement does not permit commercial use of the [recipient

organization name] name, logo, or trademarks.

[Use if this gift does not fully fund the program, endowment, etc.: As you know, [the endowment

] [may/will] require additional support which we will be seeking. If this is secured, we will

appropriately recognize other contributors. ]

Your endowment will be identified in [recipient organization name] records as a discrete and

permanent fund. Spending rules determined by the Board of Directors will determine what part

of its annual income will be available for expenditure. Consistent with the best non-profit

accounting and investment practices, the assets of all [recipient organization name] endowments

Sample Endowment Form Agreement (Primarily For Individuals)