The charity plan agreement is a legally binding contract made between two parties, one of whom is the “Donor” or the company or individual making the charity, while the other is the “Donee” or the organization or individual receiving the charity from the company. A charity plan agreement ensures that the funds for charity are not misappropriated or utilized in any other resources.
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Sample charity plan agreement
Charity Plan Agreement
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Address: 1615 East Central Road #301A, Arlington Heights IL 60005
Contact number: (847) 514-3551
Donee represented by:
Ms. Alicia Livingstone
Friends of Animals
Address: 22 South Ridge Avenue, Arlington Heights IL 60005
Contact number: (847) 997-3450
Terms and Conditions:
This Charity Plan Agreement allows each eligible Director of “Chase & Villa” to recommend the Organization for making a maximum donation of up to $700,000 to a tax-exempt organization, Non-governmental organization known herewith as the “Donee(s)”. The “Donee” will be selected by the eligible Director(s).
Only those serving as Directors in “Chase & Villa” as of November 15, 2011 will be eligible to create amendments and implement this Charity Plan Agreement.
Each Director of “Chase & Villa” can choose one “Donee” a year, who will receive a maximum donation amount of $700,000, or they can choose up to five “Donees”, who will receive donations up to $140,000 each.
A “Donee” needs to be eligible as mentioned in the Section 7 of this Charity Plan Agreement in order to receive the donation from “Chase & Villa”. The recommended “Donee” must be a charitable organization exempt from tax or an educational institution and must be able to show IRS notice of qualification for receiving tax deductible contributions to the “Donor” prior to the donation.
IN WITNESS WHEREOF, the parties “Donor” and “Donee” have executed this Charity Plan Agreement as on the date set forth which is 11/15/2011 (MM/DD/YY).