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  • 1.  Letter of Intent or Statement if Intent Templates

    Posted 06-08-2023 09:27 AM

    CSU is exploring the option of utilizing the and LOI or SOI specifically regarding DAF non-binding multiyear commitments. Might anyone would be willing to share a template they have successfully implemented? Many thanks!



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    Alex Rautzhan
    Colorado State University
    alex.rautzhan@colostate.edu
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  • 2.  RE: Letter of Intent or Statement if Intent Templates

    Posted 06-09-2023 08:26 AM
    Hi Alex,

    We don't include language like that in our LOI, but we do include this statement on our pledge forms:
    Donor acknowledges that for this pledge to be fully recognized as a commitment to x College, Donor is personally responsible for its satisfaction. Pledges may not be made on behalf
    of others. However, should related payments be received from third parties,  x College may voluntarily reduce donor's personal obligation by a like amount. 


    Gwen





  • 3.  RE: Letter of Intent or Statement if Intent Templates

    Posted 06-09-2023 08:44 AM

    Gwen, I like your language. Have you had donors who are knowingly using a DAF to pay the comment to be resistant to sign the commitment intent form because 1) they know the DAF cannot pay on a pledge, or 2) They don't want the personal obligation knowing the DAF is paying it? 



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    Jeff Baynham
    NC State University
    jtbaynha@ncsu.edu
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  • 4.  RE: Letter of Intent or Statement if Intent Templates

    Posted 06-09-2023 10:07 AM
    No, to my knowledge we've never had anyone balk at this language.