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UNRESTRICTED FUND AGREEMENT Thank you for choosing the Cobb Community Foundation. We are committed to connecting you with the community and the causes that are important to you. SECTION ONE: Donor(s) CONTACT
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Step 1: Gather all necessary information and documents for the unrestricted fund agreement, such as the organization's name, address, and mission statement.
02
Step 2: Determine the purpose and goals of the unrestricted fund agreement.
03
Step 3: Prepare a clear and concise description of how the unrestricted funds will be used and managed by the organization.
04
Step 4: Outline any restrictions or limitations on the use of the funds, if applicable.
05
Step 5: Include provisions for the distribution and allocation of funds, as well as reporting requirements.
06
Step 6: Consult with legal counsel or an expert in nonprofit law to ensure compliance with relevant regulations and laws.
07
Step 7: Review and revise the agreement as necessary to accurately reflect the organization's needs and requirements.
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Step 8: Obtain the necessary signatures and approvals from all relevant parties.
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Step 9: Store a copy of the unrestricted fund agreement in a secure and easily accessible location for future reference.

Who needs unrestricted fund agreement?

01
Nonprofit organizations who wish to secure and manage unrestricted funds for their operations and programs.
02
Donors or grantors who want to establish agreements for making unrestricted contributions to nonprofit organizations.
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An unrestricted fund agreement is a legal document that outlines the terms and conditions under which a donor contributes funds to an organization without any specific restrictions or earmarks on how the funds should be used.
Nonprofit organizations and charities that receive unrestricted funds from donors are typically required to file an unrestricted fund agreement.
To fill out an unrestricted fund agreement, organizations must provide detailed information about the donor, the amount of funds being contributed, and any specifications or conditions attached to the donation.
The purpose of an unrestricted fund agreement is to establish a clear understanding between the donor and the recipient organization regarding the use of the funds and to ensure that the funds are used in accordance with the donor's intentions.
The unrestricted fund agreement typically includes details such as the name and contact information of the donor, the amount of the donation, any restrictions or conditions placed on the funds, and the intended use of the funds by the recipient organization.
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