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GEORGIA STATE UNIVERSITY FOUNDATION Endowment/Non-Endowed/QuasiEndowed Agreement and Endowed Scholarship/Non-Endowed Scholarship AgreementRequest Form Endowment agreements are intended to define the
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Endowment, non-endowed, and quasi-endowed agreements are legal documents that outline the terms and conditions of a donation or endowment made to an organization. These agreements specify how the funds are to be used, invested, and managed.
Organizations that receive endowments or donations and are subject to legal requirements to file such agreements are required to do so. This typically includes non-profit organizations, foundations, and universities.
Endowment agreements should be filled out with the help of legal counsel to ensure that all terms and conditions are properly documented and adhered to. Each agreement will vary depending on the specific terms of the donation or endowment.
The purpose of these agreements is to establish clear guidelines for how donated funds are to be managed and used. They provide transparency and accountability for both the donor and the organization receiving the endowment.
The agreement should include detailed information about the donor, the amount of the endowment, any restrictions on how the funds can be used, the investment strategy for the endowment, and any reporting requirements.
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