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A well-drafted gift agreement doesn't just address the circumstances when a donor makes a gift - it also takes into account the donor's long-term intent, the current and future needs of the institution, and the relevant legal standards that govern institutional management of gift funds. This presentation will cover all of the essential elements of a comprehensive gift agreement, one that an organization can effectively implement during the donor's lifetime, when circumstances change so that implementation becomes impractical, and when the donor is no longer available to consult or consent to changes.