Examples of Donor Agreement in a sentence
The Description tab will provide an overview of the award, provide a link to the Scholarship Donor Agreement (if applicable), as well as list the requirements for the award.
Offers of a donation or gift for a designated purpose may be accepted only if the prospective donor accepts the following agreement: (amended 9 November 2011) Donor Agreement Form Statement of Purpose: [In this paragraph, state the donor’s intentions.] Donation Administration: ASTR will administer the donation in accordance with the policies authorized by its Executive Committee, as they may be modified from time to time; the donor has been apprised of the policies in place at the time of the donation.
In addition to identifying the property being contributed, the Donor Agreement shall designate the income beneficiary or beneficiaries and the share and timing of income to be distributed to each.
Each donor transferring property to the Fund shall enter into an agreement (the "Donor Agreement") under which the donor retains or creates a lifetime income interest in such property for the life of the donor, or for one or more income beneficiaries living at the time of the transfer, or both, as specifically designated in the Donor Agreement.
When property contributed to the Fund is delivered to CCS, CCS shall deliver such property promptly to the Trustee together with a copy of the Donor Agreement which transferred the property to the Fund.
Any Donor Agreement creating an interest that could give rise to such tax shall contain the donor's specific agreement to keep in effect a valid last will that directs the payment of all such taxes attributable to the donor's gift from that part of the donor's estate (other than the property transferred by such Donor Agreement) which is subject to tax.
Upon the death of the survivor of all the individual income beneficiaries entitled to receive income under a particular Donor Agreement, the Trustee shall sever from the Fund an amount equal to the value of all the Units assigned to such transfer and shall pay such amount to CCS.
In the event that more than one person is a beneficiary of an income interest, such beneficiaries shall enjoy their shares of income concurrently, consecutively, or both, as set forth in the Donor Agreement.
Contributions to the Fund must be made by an instrument of transfer ("Donor Agreement"), substantially in one of the forms attached as Exhibits B through D.
Such a Donor Agreement may, in the alternative or in addition, provide that the receipt of any survivor interest giving rise to such tax shall be contingent upon such survivor recipient undertaking to discharge the tax liability.