According to the Pennsylvania Land Trust Association, a written agreement is required for: This customizable template was created by the Collier County Community Foundation and has been slightly modified. Be sure to customize section 2 in the template according to the purpose of your gift agreement. Other areas to be adapted are in parentheses. A moral or moral clause is a small but important segment that you can add to your gift contracts. 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. Most NON-PROFIT ORGANIZATIONS depend on the goodwill of the public to attract donors. A close connection with someone whose name has been severely damaged can damage the nonprofit`s reputation and impair their ability to gain support. The objectives of your written agreement would probably be as follows: these model agreements are provided only by reference and do not constitute legal advice. It is recommended that people wishing to enter into similar agreements consult a lawyer.
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. Read it here. ConservationTools.org, managed by the Pennsylvania Land Trust Association, has been very thorough in developing a useful guide for gift agreements from the perspective of a conservation organization. You can check here. Here`s an example of Lynne Wester from Donor Relations Guru that you can have checked by your General Counsel and then have in your donation agreement: some other questions and points from Philanthropy Works to consider when drawing up your formal written agreement: as a nonprofit, you need to keep accurate records of donations received, Thus, a donor must keep records of the donations he has made, especially when it comes to tax time. .