Use of the Gift Clause Samples
The 'Use of the Gift' clause defines how a donated gift or contribution may be used by the recipient. Typically, it specifies whether the gift must be used for a particular purpose, such as funding a specific project, supporting a program, or for general operations. For example, a donor may require that their contribution be used exclusively for scholarships or research. This clause ensures that the donor’s intentions are respected and provides clarity to both parties, preventing misunderstandings or misuse of the donated funds.
Use of the Gift. The Gift shall be used for any objective within the College’s mission, goal or purpose, without restriction. The Gift shall be used primarily for LSC-CyFair, LSC-Kingwood, LSC-▇▇▇▇▇▇▇▇▇▇, LSC-North ▇▇▇▇▇▇, LSC-Tomball, LSC-University Park, LSC- Online, LSC-University Center, LSC-Corporate College , or . Department: Contact Person:
Use of the Gift. The Gift shall be used to help fund the [(CHOOSE) library services, programs, materials or faciltiy improvements of the XXX Branch Library].
Use of the Gift. The Gift shall be used [insert “for any purposes within University’s mission or purposes” or if Donor has specific requirements, insert Donor’s use requirements; if applicable, insert appropriate endowment language].
Use of the Gift. The Gift may be used by the University [insert “for any purposes within the University’s purpose or mission” or insert the specific purpose of the Gift; if applicable, insert appropriate endowment language].
Use of the Gift. The Gift shall be used for the following purpose:
Use of the Gift. The Gift shall be used primarily for: ▇▇▇▇▇-▇▇▇▇▇ State College: ____________________. The following restrictions apply to the use of the gift: (list restrictions here)
Use of the Gift. It is recognized and agreed that the Donor’s intent is for the Gift to be dedicated, in full, toward the building of a new Library building and any work incidental thereto. The Gift will be used for that purpose and administered in accordance with the terms outlined in this Agreement, subject to the ▇▇▇▇▇▇ ▇▇▇▇ Library Donation Policy governing gifts and policies relating to the management and investment of funds in effect on the Effective Date of this Agreement, as well as applicable state and federal law. The Parties recognize that a change in circumstances may render the purpose of the Gift impossible or moot. In the event of a change in circumstances, such as the contingency that the townspeople vote not to fund the new Library or other circumstances that make such construction impossible, Donor hereby instructs the Trustees that any unspent portion of the Gift shall be used as follows (please initial one option):
a. The Gift shall be placed in the ▇▇▇▇▇▇ ▇▇▇▇ Library Fund and the principal and interest may be used to support general operations, Library acquisitions, improvements, and/or renovations of the existing library space according to the ▇▇▇▇▇▇ ▇▇▇▇ Library Donation Policy. Initials:
b. Other result as described:
Use of the Gift. The Gift shall be used for the Veterans Memorial Park Paver Program, which includes the placement of an engraved paver, including the acknowledgement described below, within a designated area of the Memorial.
Use of the Gift. The Gift shall be used for the sole purpose of funding the Capital Campaign for the new Library and Events Center complex within the ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇. Park located in Winter Park, Florida. The purpose of the use of this gift within the parameters of the Capital Campaign are to be met between the Donor and the City.
Use of the Gift. The Gift shall be used to support the [construction, renovation or non-renovation] of Bladen Community College-owned facilities. A description of the gift is as follows: