Common Contracts
1 similar Pledge Agreement - Endowment contracts
Pledge Agreement - EndowmentPledge Agreement - Endowment • April 1st, 2024
Contributions to Gaia Home’s Endowment Fund are permanently restricted. However, income earned on this Endowment Fund is unrestricted and can be used to support programs and development opportunities. Gaia Home considers this pledge to be an agreement between the contributor and Gaia Home and intends to rely on this pledge in making commitments and expenditures. It is the agreement and the intention of the Donor(s), that this gift and any unpaid promised installment under this Agreement, shall constitute the Donor(s)’s binding obligation and shall be enforceable at law and equity, including, without limitation, against the Donor(s) and the Donor(s)’s estate, heirs and personal representatives, and their successors and assignees. The Donor(s) acknowledges that Gaia Home has substantially relied, and shall continue to rely, on the Donor(s)’s gift being fully satisfied as set forth herein.
