Gift Agreement
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Agreement
The LSS Foundation, Inc. (“Foundation”) and_______________________________(“Donor,” whether one or more) are pleased to celebrate and accept Donor’s generous gift (“Gift”) which shall be stewarded by the Foundation in accordance with this gift agreement, including Attachment A (collectively the “Agreement”).
The Gift
[Insert a description of the Gift]
Purpose of Gift
The purpose of the Gift is to establish an endowment to provide for the charitable purpose of the Foundation to support Lutheran Social Services of Wisconsin and Upper Michigan, Inc. (“LSS”).
Donor’s Story
[Insert appropriate narrative]
Administration
The Foundation’s Board of Directors (“Board”) shall administer this Gift in accordance with this Agreement and the Foundation’s governing documents, as amended from time-to-time. If, in the opinion of the Board, circumstances change in the future so that the purposes for which this Gift was made become impracticable, or are illegal or no longer able to be carried out to meet the needs of the Foundation and LSS, the Board may designate an alternative use for the Gift, in accordance with applicable law, to further the objectives of the Foundation and LSS in the spirit of the Donor’s original purpose.
Investment
The assets of this Gift will be invested in accordance with the Investment Policy Statement of the Board, as amended from time to time, and may be commingled for investment with other funds held by the Foundation in accordance with said policy, as amended from time to time. A copy of the then current Investment Policy Statement will be provided on request.
Miscellaneous
The parties to this Agreement acknowledge that it was entered into for good and valuable consideration, the receipt and sufficiency of which is acknowledged. This Agreement shall be governed by the laws of the State of Wisconsin.
Execution
This Gift Agreement has been entered into by the parties that have executed this Gift Agreement as of this _________month and _______ day of year_______.
Donor:
[NAME]
[CONTACT/ADDRESS/PHONE/EMAIL]
By________________________ By________________________
(Donor #1) (Donor #2 if applicable)
LSS Foundation, Inc.
By:________________________
Authorized representative of the LSS Foundation, Inc.
ATTACHMENT A
Is this a named endowment?
No ___
Yes ___ Insert Name: _____________________________
Are there restrictions on the principal?
No ___ Use of principal will be at the discretion of the Board
Yes ___ Insert restrictions:
On principal distributions: _________________
On use: _______________________________
Are there restrictions on the income?
No ___ Distributions of income will be at the discretion of the Board
Yes ___ Insert restrictions:
On income distributions: __________________
On use: _______________________________
Is there a plan to make future contributions?
No ___
Yes ___ Specify the plan: _____________________________________
Disclosure
______I/We give permission to list my named fund in public annual reports and other materials
______I/We want to list our named fund as anonymous in public annual reports and other materials
Donor’s Initials ______
Download PDF
Download a PDF of the wording for FDN Gift Agreement for easy use.