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DONOR DESIGNATED GIFT (Permanent Scholarship Endowment) THE STATE OF TEXAS COUNTY OF HOWARD This agreement is entered into by and between BIG SPRING AREA COMMUNITY FOUNDATION, INC., a Texas nonprofit
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How to fill out donor designated endowment agreement

01
Start by identifying the donor's wishes and priorities for the endowment.
02
Clearly define the purpose of the endowment and how the funds will be used.
03
Include specific language outlining the donor's intentions and restrictions for the endowment.
04
Specify the amount of the initial gift and any additional contributions that may be made.
05
Clearly outline the governance and management of the endowment, including who will oversee the funds and how investment decisions will be made.
06
Consult with legal and financial advisors to ensure the agreement complies with relevant laws and regulations.
07
Once the agreement is drafted, review it with the donor to ensure their intentions are accurately reflected.

Who needs donor designated endowment agreement?

01
Donors who want to create a lasting legacy and provide ongoing support for a specific cause or organization.
02
Non-profit organizations or institutions looking to establish a stable and sustainable source of funding for a particular program or initiative.
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The donor designated endowment agreement is a legal document that specifies how an endowment fund should be managed and used.
Nonprofit organizations and charitable foundations are required to file donor designated endowment agreements.
The donor designated endowment agreement must be filled out in accordance with the instructions provided by the IRS or relevant governing body.
The purpose of the donor designated endowment agreement is to ensure that the donor's wishes regarding the endowment fund are carried out.
The donor designated endowment agreement must include details about the donor, the endowment fund, and how the funds are to be used.
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texas howard hereof distributions hereunder reinvested hereinafter attributable alternatively commingled hereto proportionate deems additions incorporation accrued recipients contributors nonprofit amended irrevocable thereto herein discretionary assessed

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