No Donor Benefit Clause
All funds held at Endaoment are prohibited from being used for purposes that would constitute a payment for goods or services as described below as required by the IRS. All donors must sign the following statement within our app in order to be permitted to grant dollars to recipient nonprofit organizations. Failure to adhere to the below policy can result in termination of your advisory privileges over the grant as well as issues surrounding the recipient organization’s 501(c)(3) status.
The grant recommended does not represent the payment of any pledge or other financial obligation of any donor, donor advisor, or related person or 35% controlled entity ("Interested Parties"). No Interested Party will accept any benefits or privileges offered in connection with these grants, including good and services (such as auction items), admission to charitable events, payment of dues or membership, or discounts to the foregoing. I agree the following donation is irrevocable and for charitable, educational, or religious purposes under the sole discretion of Endaoment.