Donation Agreement
Legal Name of Donor: ________
Address of Donor:
________
Donor Organization Information:
________
Legal Name of Receiver: ________
Address of Receiver:
________
This Donation Agreement, made between Donor, as listed above, and Receiver, also listed above, is effective as of ________ ("Effective Date"). The parties may be referred to individually as "Party" and collectively as "Parties."
RECITALS:
WHEREAS, Receiver is the following type of charitable entity, organized under the provisions of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended:
________
WHEREAS, Donor would like to make a charitable donation to Receiver, as under the laws of the United States and the applicable portions of the Internal Revenue Code of 1986, as amended;
NOW, therefore, in consideration of the promises and covenants contained herein, the receipt and sufficiency of which is hereby acknowledged, the Parties do hereby agree as follows:
Article 1 - DONATION INFORMATION:
Donor is pledging a donation in the form of monetary funds.
This donation is being given in support of the following:
________
The donation given is the following (the "Donation"):
________
Article 2 - LOGISTICAL INFORMATION:
The Donation will be made on and in conjunction with the Effective Date of this Donation Agreement.
Donor hereby warrants that the Donation is free of any and all encumbrances and that Donor has full legal rights to donate the Donation.
Official proof of this transaction has been attached to this contract in the form of the following:
________
Article 3 - PURPOSES OF DONATION:
The Donation is being made for the following specific purpose and no other use of the Donation shall be permitted:
________
The Donation may be used for any charitable, educational, or scientific purpose as permitted to an organization under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.
Article 4 - NO REVOCATION:
Donor may not revoke the Donation. All covenants and promises made within this Donation Agreement are final.
Article 5 - EXPENSES:
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Article 6 - TAX DEDUCTIBILITY AND ACKNOWLEDGMENT:
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ARTICLE 7 - GENERAL PROVISIONS:
A) GOVERNING LAW: This Agreement shall be governed in all respects by the laws of the state of Alabama and any applicable federal law. Both Parties consent to jurisdiction under the state and federal courts within the state of Alabama. The Parties agree that this choice of law, venue, and jurisdiction provision is not permissive, but rather mandatory in nature.
B) LANGUAGE: All communications made or notices given pursuant to this Agreement shall be in the English language.
C) ASSIGNMENT: This Agreement, or the rights granted hereunder, may not be assigned, sold, leased or otherwise transferred in whole or part by either Party.
D) AMENDMENTS: This Agreement may only be amended in writing signed by both Parties.
E) PUBLIC ANNOUNCEMENT: Neither Party will make any public announcement or disclosure about the existence of this Agreement or any of the terms herein without the prior written approval of the other Party.
F) ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the Parties and supersedes any prior or contemporaneous understandings, whether written or oral.
G) HEADINGS: Headings to this Agreement are for convenience only and shall not be construed to limit or otherwise affect the terms of this Agreement.
H) COUNTERPARTS: This Agreement may be executed in counterparts, all of which shall constitute a single agreement.
EXECUTION:
________________________________________
Donor's Name
________________________________________
Donor's Representative Name
________________________________________
Donor's Representative Signature
________________________________________
Receiver's Name
________________________________________
Receiver's Representative Name
________________________________________
Receiver's Representative Signature