Considerations in negotiating and drafting gift agreements

When accepting gifts from donors, it is vitally important to consider the underlying laws and principles that govern those gift agreements.

Gift agreements may be oral, written, merely implied based on the form and content of a donor solicitation, or nonexistent altogether. Many gifts are given by donors who have no contact with the NFP, the only evidence of their intent to contribute manifested by the receipt of a single check, on-line payment, or cash donation. In certain instances,