A gift can be revocable or irrevocable. With a revocable gift, the donor can cancel the gift at any time before the gift is given to the recipient. Even if you give a revocable gift handwriting to your recipient, you are not legally obligated to hand over the gift. A donation contract is a contract between the university and a benefactor. This document, agreed by mutual agreement, conveys the purpose of the gift and ensures that the wishes of the donor are known and understood by the university. It describes the Institute`s responsibilities for providing funds and using income and capital. In most cases, gift agreements are made between the donor and Dalhousie University. Compliance with the terms of the gift agreement is of the utmost importance to the university; However, sometimes a gift cannot be used for intended use. The reasons why a fund cannot be used for the intended purpose are the reasons: an irrevocable gift is legally binding as soon as the donor hands the gift to the recipient. In this case, you cannot revoke the gift. They are legally required to return the money or the object to the beneficiary. In these cases, the Promotion Office will do everything in its power to consult with the donor or family member to discuss the amendment of the donation agreement. In the event that no living parent can be found, the university reserves the right to change the conditions.

The university will maintain the conditions as close as possible to the donor`s original intent. A donor who uses a gift must indicate someone who acts as his agent. The agent ensures that the money or item in the gift certificates is delivered to the recipient of the gift. A gift certificate is a legal document used to formally give a sum of money or transfer ownership of the property of another person or organization. The use of a gift means that the transmission is free: the donor (the person giving the gift) does so unconditionally and without waiting for future compensation. Family inheritance: it may be more satisfying to transfer ownership of an estimated family inheritance, while the donor and beneficiary are still alive, instead of letting the object inherit in a last will and will. In this case, you could use a gift to make your gift of a family room more memorable for you and your loved ones.