Common use of Minimum Gift Requirements Clause in Contracts

Minimum Gift Requirements. 1. Unrestricted gifts and restricted gifts to existing funds shall have no minimum gift requirement. 2. Restricted gifts to establish a new fund, other than a permanent endowment fund as described in Policy 4.5.B.3 below, shall have a minimum gift amount of US$50,000 whether lump sum or multi-year commitment. 3. Restricted gifts intended to establish a permanent endowment fund shall require a minimum gift of US$1,000,000.

Appears in 5 contracts

Sources: Service Agreement, Service Agreement, Service Agreement