Common use of GIFT AGREEMENTS Clause in Contracts

GIFT AGREEMENTS. Gift Agreements shall outline the terms and conditions of the gift in a manner that is understandable and acceptable by virtue of required signatures of the donor, the Foundation and if appropriate the IEEE Organizational Unit benefiting from the gift. The Foundation reserves the right to confirm the legal authority of any individual or entity (division, department or unit) to make a charitable gift to the Foundation or to enter into a Gift Agreement or other gift-related documentation. The IEEE Development Office is delegated the exclusive authority to negotiate Gift Agreements on behalf of the Foundation. The Foundation Executive Director, or his/her designee, is delegated the authority to execute Gifts Agreements on behalf of the Foundation. A Gift Agreement shall be required when one or more of the following criteria are met:  Gift value is greater than or equal to US$100,000.  Gift includes specific designations, restrictions or conditions not documented in routine devices of commitment including, but not limited to, IEEE dues renewal, Foundation online giving, Foundation donation forms, and direct mail and business reply envelope promotional solicitations.  IEEE Development Office, Foundation Executive Director, Foundation Vice President of Development, or Foundation General Counsel determines a gift agreement is required.

GIFT AGREEMENTS. Gift Agreements shall outline the terms and conditions of the gift in a manner that is understandable and acceptable by virtue of required signatures of the donor, the Foundation and if appropriate the IEEE Organizational Unit benefiting from the gift. The Foundation reserves the right to confirm the legal authority of any individual or entity (division, department or unit) to make a charitable gift to the Foundation or to enter into a Gift Agreement or other gift-related documentation. The IEEE Development Office is delegated the exclusive authority to negotiate Gift Agreements on behalf of the Foundation. The Foundation Executive Director, or his/her designee, is delegated the authority to execute Gifts Agreements on behalf of the Foundation. A Gift Agreement shall be required when one or more of the following criteria are met:  Gift value is greater than or equal to US$100,000.  Gift includes specific designations, restrictions or conditions not documented in routine devices of commitment including, but not limited to, IEEE dues renewal, Foundation online giving, Foundation donation forms, and direct mail and business reply envelope promotional solicitations.  IEEE Development Office, Foundation Executive Director, Foundation Vice President of Development, or Foundation General Counsel legal counsel determines a gift agreement is required.

GIFT AGREEMENTS. Gift Agreements shall outline the terms and conditions of the gift in a manner that is understandable and acceptable by virtue of required signatures of the donor, the Foundation and if appropriate the IEEE Organizational Unit benefiting from the gift. The Foundation reserves the right to confirm the legal authority of any individual or entity (division, department or unit) to make a charitable gift to the Foundation or to enter into a Gift Agreement or other gift-related documentation. The IEEE Development Office is delegated the exclusive authority to negotiate Gift Agreements on behalf of the Foundation. The Foundation Executive Director, or his/her designee, is delegated the authority to execute Gifts Agreements on behalf of the Foundation. A Gift Agreement shall be required when one or more of the following criteria are met:  • Gift value is greater than or equal to US$100,000.  • Gift includes specific designations, restrictions or conditions not documented in routine devices of commitment including, but not limited to, IEEE dues renewal, Foundation online giving, Foundation donation forms, and direct mail and business reply envelope promotional solicitations.  • IEEE Development Office, Foundation Executive Director, Foundation Vice President of Development, or Foundation General Counsel legal counsel determines a gift agreement is required.