Gift Agreement Sample
- September 21, 2021
However, this more engaged relationship requires that we carefully present and document what the donor expects and that the charity is committed to doing so. The Foundation`s spending policy will be the guideline defined and approved by your organization`s board of directors, which likely only provides for the use of annual savings income and will not enter into the Fund`s capital in order to preserve and maintain growth. The article of AICPA.org deals here with considerations relating to the negotiation and organization of gift contracts. 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. .