How to Create a Well-Designed Gift AgreementHow to Create a Well-Designed Gift Agreement
Donors and philanthropic institutions should work together to try to mesh their differing goals.
September 20, 2019
Thoracic surgeon Dr. Perry Cardium has made a fortune both through his medical practice and through publication of his best seller, Mending a Broken Heart—Repairing Torn Aortic Valves in Recently Divorced Individuals. He’s decided he wants to share his good fortune with the public by making a major philanthropic gift.
He particularly wants to benefit the world-renowned Museum of Modern Hearts. In particular, he wants to provide funds to the Museum to build a new wing that will house his collection of rare surgical tools, including machines that can install ventricular stents with no human intervention.
Perry has several initial conversations with the Museum’s director, Dee Akseshen, who presents him with a 1-page gift agreement. Perry dec...
Unlock All Access Premium Subscription
Get Trusts & Estates articles, digital editions, and an optional print subscription. Choose your subscription now and dive into expert insights today!
Already Subscribed?
