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Scholarship Instrument of Gift This Instrument of Gift is made this day of, 20, by and between (the Donor), and the Hawaii Community Foundation, a Hawaii nonprofit corporation (the Foundation). 1.
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How to fill out instrument of gift
How to fill out instrument of gift
01
Step 1: Begin by obtaining an instrument of gift form from a legal stationery store or download it from a reliable online source.
02
Step 2: Fill in the donor's name, address, and contact information at the top of the form.
03
Step 3: Specify the recipient's name and address in the designated space on the form.
04
Step 4: Clearly state the nature of the gift, including a detailed description if applicable.
05
Step 5: Indicate any conditions or restrictions associated with the gift, if applicable.
06
Step 6: Sign the instrument of gift form at the bottom, along with the date of execution.
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Step 7: If required, have the document witnessed by two individuals who are not beneficiaries of the gift.
08
Step 8: Keep copies of the completed instrument of gift for your records and provide one to the recipient.
Who needs instrument of gift?
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Anyone who wishes to legally transfer ownership of an asset or property as a gift may need an instrument of gift.
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Gift givers who want to ensure the smooth and documented transfer of ownership can benefit from an instrument of gift.
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Individuals who want to avoid any ambiguity or future disputes over the gift's ownership and intentions should use an instrument of gift.
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Both the donor and the recipient may require an instrument of gift to protect their respective rights and interests.
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