The Donor Agreement is essential for documenting philanthropic transactions in Singapore's highly regulated charitable sector. It ensures compliance with the Charities Act, Income Tax Act, and other relevant legislation while protecting both donor and recipient interests. This document is particularly important when establishing significant or recurring donations, restricted-purpose gifts, or when specific reporting or recognition requirements are involved. The agreement typically includes details about the donation amount, payment schedule, intended use of funds, and any conditions attached to the gift.
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1. Parties: Identification of donor and recipient organization
2. Background: Context of the donation and charitable purpose
3. Definitions: Key terms used throughout the agreement
4. Donation Amount and Payment Terms: Specifics of the donation amount, payment schedule, and method
5. Purpose of Donation: Specified use of funds and any restrictions
6. Representations and Warranties: Statements of fact and assurances from both parties
7. Governing Law: Specification of Singapore law as governing law
1. Recognition Rights: Details of donor acknowledgment and naming rights, used when donor requests recognition
2. Reporting Requirements: Recipient's obligations to report on use of funds, used for larger donations
3. Confidentiality: Privacy provisions, used when donor wishes to remain anonymous
4. Tax Provisions: Details about tax receipts and deductions, used for tax-deductible donations
5. Return of Funds: Conditions for return of unused funds, used for restricted donations
1. Payment Schedule: Details of installment payments if applicable
2. Project Description: Detailed description of the project or purpose for which funds will be used
3. Recognition Rights Details: Specific details about donor recognition implementation
4. Reporting Template: Format for required progress reports
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