Here`s an example of Lynne Wester from Donor Relations Guru, which you should have checked by your General Counsel and then have in your gift agreement: some other questions and points from Philanthropy Works to consider when drafting your formal written agreement: AICPA.org article here discusses considerations for negotiating and designing gift contracts. If an organization, relying on a promised gift, makes significant expenses or if there is no loss, if the promise is not kept, a donation agreement may be prudent if it is not necessary. The Guide Giving Shares and Other Securities discusses the benefits of donating shares rather than cash, the procedure for doing so, and the applicability of gift agreements in certain circumstances. One of the excellent reasons for a gift agreement is that in the event of the premature death of a donor, the donor`s estate may not be ready or able to keep a promise of a gift that is not properly documented to constitute a legally binding contract. The estate is always allowed – and legally bound – to honour contracts concluded during the deceased`s lifetime. This justification for the requirement of a donation agreement is very useful because it is universal and regardless of the reliability or credit quality of the donor. Pennsylvania recognizes two formal substitutes for consideration to be included in a gift agreement: the landowner may also have tax, estate, or land use planning goals. .