CHARITABLE CONTRIBUTION AND PLEDGE AGREEMENT FOR BOTTLED WATER FOR DISASTER RELIEF

 

            AGREEMENT made as of the ______ day of ____________, 2007, by and between the ______________________________ (the "Donor") and GLOBAL WATER & BIOLOGY, CONSERVATION RESEARCH INSTITUTE INC ( “Global”) .

 

WHEREAS, Global engaged in providing bottled water to Municipal Authorities and other charitable organizations for use in disaster relief and other general public good;

 

WHEREAS, prior to the execution of this Agreement, Global was formed as a California  non-profit corporation to oversee and administer the distribution of the amounts pledged by the Donor to Global  for the supply of bottled water;

 

NOW, THEREFORE, in consideration of the mutual promises and obligations contained herein, and for other good and valuable consideration, the Donor agrees as follows:

 

1. Global has been created as a California  non-profit corporation that will apply or has applied for recognition as an organization exempt from federal income tax as described in Section 501(c)(3) of the Internal Revenue Code and is able to accept donations for the purposes stated in its organizational documents.

 

2. On or before _____________________ Donor shall contribute to Global the initial sum of $_________________ as its initial contribution to such Organization ("Initial Funding").

Donor Information:  _______________________________________________________________________

Name: _________________________________________________________________________________

Address: _______________________________________________________________________________

City/State/Zip:___________________________________________________________________________

Telephone: Day Evening______________________________________

Email:____________________________________________________

Total Pledge Amount $____________    Amount Included $______________    Balance Due $_________________

mo/yr $___________    mo/yr $_____________  mo/yr $_____________   mo/yr $_______________

Donor’s signature(s)________________________________________

I would like this contribution acknowledgment listed as follows:

Please make gifts payable to:

GLOBAL WATER & BIOLOGY, CONSERVATION RESEARCH INSTITUTE

5205 Kearny Villa Way, Suite 105   San Diego, CA 92123, USA      858-217-5465

 

3.Donor pledges to the Foundation the total sum of ______________________________________________ ($___________), (to be paid in equal annual installments of ______________each over _________ years )

 

4. Donor's obligation to make payments to fulfill the pledge or to pay any annual installment of the pledge is not conditioned on or affected by whether the payment is deductible by the Donor or any other payor for federal income tax purposes or federal gift tax purposes.

 

5. Monies received from Donor by Global shall be the property of Global shall not be deemed a separate trust fund held by it in a trustee capacity.

 

6. Monies received from Donor by Global  shall be used exclusively to provide bottled water to  Municipal, State and Federal authorities and entitles and other charitable organizations for disaster relief and for the public good, including, but not limited to Global administrative costs and expenses related thereto.

 

7. Distributions and use by Global of the income or principal or both shall be made at such times, in such amounts, in such ways and, subject to the preceding paragraphs, for such purposes as Global shall determine in its sole discretion, but not in an amount greater than funds received from time to time by Global.

.

8. Donor acknowledges that Global will incur obligations and engage in ongoing and continuous efforts to establish programs and undertake financial commitments to third parties to support programs for the purposes described in this Agreement, which it would not undertake but for Donor's pledge as provided herein.

 

9. This Agreement is intended to be binding upon Donor and Donor's successors and assigns for the benefit of and enforceable by Global.  This Agreement does not create a partnership or joint venture between or among the Donor and Global

.

10. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of California.

 

IN WITNESS WHEREOF, the Donor has executed this Agreement as of the date first

written above.

 

    

                                                            By:______________________________

                                                            Name:

                                                            Title: