Gift Agreement for

at California State University, Long Beach

I.  Introduction

The purpose of this document is to summarize the mutual understanding of ______, the CSULB 49er Foundation (Foundation) and California State University, Long Beach (University), regarding ______generous gift in support of the College of ______(College).

II.  The CSULB 49er Foundation

The Foundation represents that it is qualified as a charitable organization and a 501(c)(3) non-profit public benefit organization (federal ID 45-2163910).

III.  Description of the Gift

The gift consists of ______.

If payments are made with stock, the securities will be transferred to an account in the name of the Foundation. The value of the gift will be established on the date of transfer of the stock. The Foundation is authorized to sell the stock as soon as it is determined to be prudent. The proceeds from the sale of the stock will be invested in accordance with the investment policies of the Foundation.

IV.  Purpose and Administration of the Fund

The purpose of this gift is to support ______.

These Funds will be managed by the Foundation’s Board of Directors in accordance with the Foundation’s investment and spending policies and in accordance with California state law. The Funds may be combined with the Foundation’s other assets for investment purposes. The total return earned by the Funds, in excess of the payout amount provided for expenditure, will be retained to protect the principal from the effects of inflation.

In the event that market conditions temporarily drive the Funds’ market value below the historic gift value, ______agree that the Foundation may apply the payout formula based on its then current spending policy in order to ensure that the Funds provide immediate and consistent benefits to the recipients.

______is/are aware that the gift will comply with the current policy and administrative guidelines of the University and that the gift will be subject to the Foundation’s administrative fee policies for gifts to the campus.

V.  Criteria for the funds (Examples)

o  Scholarly activities

o  Approved travel

o  Research support

o  Salary support

VI.  Recognition

The ______shall be known in perpetuity as the ______Endowed ______.

The University does/does not have ______’s permission to publicize this commitment in various university publications.

VII.  Future Considerations

In the unlikely event that at some future time it becomes impossible for this gift to serve the specific purpose for which it was created, the President, in consultation with the Dean, shall direct the gift to be devoted to purposes at California State University, Long Beach that the President deems to be most consistent with the wishes of ______. If ______is still living, he/she/they shall be consulted on the alternate use.

VIII.  Miscellaneous

a)  Situs: This Agreement is executed in and shall be governed by the laws of the State of California.

b)  Amendment: This Agreement may be amended by written agreement signed by each party.

c)  Date: The effective date of this Agreement shall be the date this agreement is fully executed.

For the Donor: For CSULB:

Date Andrea Taylor Date

Vice President

University Relations and Development

For the Foundation:

Michael T. Losquadro, CSPG Date

Chief Operating Officer

49er Foundation

CONFIDENTIAL

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