This is a formal, written document that states the mutual understandings of the donor and the organization.

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A gift agreement is a formal, written document that outlines the mutual understandings between a donor and an organization regarding a gift. It typically includes details such as the purpose of the gift, the amount or nature of the gift, any restrictions or requirements on the gift, and the responsibilities of each party. A gift agreement helps ensure that both the donor and the organization are on the same page and can help avoid misunderstandings or disputes in the future.

This Is a Formal, Written Document That States the Mutual