A Conditional Donation Agreement is essential when making significant charitable contributions in Singapore where specific conditions must be met by the recipient. This document helps protect the donor's interests while ensuring the donation is used as intended. It includes detailed terms about the donation amount or property, conditions for use, reporting requirements, and potential repayment scenarios. The agreement must comply with Singapore's Charities Act, tax regulations, and other relevant legislation. It's particularly important for corporate giving, endowments, and large personal donations where specific outcomes or uses are expected.
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1. Parties: Identifies and defines the donor and recipient
2. Background: Explains context and purpose of the donation
3. Definitions: Defines key terms used throughout the agreement
4. Donation Amount/Property: Specifies what is being donated
5. Conditions: Details the conditions attached to the donation
6. Payment/Transfer Terms: Specifies how and when the donation will be made
7. Representations and Warranties: Basic warranties from both parties
1. Tax Provisions: Provisions relating to tax deductions and implications for the donation
2. Reporting Requirements: Recipient's obligations to report on use of donation, typically for large donations or when donor requires oversight
3. Return of Donation: Circumstances and procedures for returning the donation if conditions are not met
4. Publicity Rights: Terms governing the use of donor's name/logo by recipient, typically for corporate or high-profile donations
1. Schedule 1: Description of Donated Property: Detailed description of non-monetary donations
2. Schedule 2: Payment Schedule: For donations made in installments
3. Schedule 3: Specific Conditions: Detailed conditions and requirements for use of donation
4. Appendix A: Required Reports: Format and content of required reporting
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