Document background
The Charitable Gift Agreement serves as a critical legal instrument in U.S. philanthropic giving, particularly for significant or complex donations. It is essential when establishing endowments, creating named funds, or making substantial gifts with specific conditions. The agreement details the donor's intentions, the organization's obligations, and ensures compliance with IRS regulations and state charitable laws. It typically includes gift amount, payment schedule, purpose restrictions, recognition terms, and investment guidelines. This document becomes particularly important for tax documentation, organizational accountability, and long-term gift management.
