Charitable Gift Agreements

Gift agreements are significant for a client working with nonprofit organizations, universities, hospitals, or donors–people who want to create a legacy, not only in their estate plan for their own family but also for the public.

In reviewing all of these different aspects of Gift Agreements, when counseling both clients and nonprofits, and remembering that a charitable gift agreement is a contract and needs to include the basic rules and tools of contracts such as a situs clause. Correctly identifying the parties, the donor and the donee, whether it’s the donor’s personal funds, the donor’s DAF, or the donor’s trust, is also essential.