Deed of Gift for Running an Orphanage (India)
This template is used to legally transfer ownership of a property portion from an individual to a charitable organization as a gift. It specifically mandates that the gifted property must be used exclusively for the purpose of running an orphanage, with a reversion clause if the use changes.
DEED OF GIFT FOR THE PURPOSE
OF RUNNING AN ORPHANAGE
|
|
THIS DEED OF GIFT is made on this ______________ day of ___________
BETWEEN
Sh.________________________________
s/o Sh.______________________________
r/o _________________________________ (hereinafter referred to as "the donor")
AND
_______________________________________, a charitable organization registered as a society under the Society Registration Act, 1860 (hereinafter referred to as "the donee")
WHEREAS
1. The donor is the owner and is absolutely seized and possessed of the building situated at………………………………..
2. The donee is charitable organization engaged in running an orphanage in a building which is adjacent to the said building belonging to the donor.
3. The donee is in need of extra space to accommodate more orphan children and has requested the donor to grant to the donee one-half portion of the said building (as described in Schedule II annexed hereto).
4. The donor has agreed to grant the one-half portion of the said building for utilising the same for the sole purpose of running the orphanage.
NOW THIS DEED WITNESSES AS FOLLOWS:
1. In pursuance of said agreement the donor hereby transfers to the donee ALL that one-half portion of the said building (as described in Schedule II annexed hereto) To Hold the same to the donee and its successors and assigns so long as the donee shall use the said building for the sole purpose of running the orphanage.
2. The donee hereby accepts the said gift and agrees with the donor that the said building shall be used for the sole purpose of running the orphanage and if, at any time hereafter, the donee ceases to use the said building for purposes other than of running the orphanage the same shall revert to the donor and his heirs, executors and assigns.
IN WITNESS WHEREOF, the donor and the donee hereunto have signed this deed this ______ day of ________________)
WITNESS:
1……………………………………… | THE DONOR |
2…………………………………….. |
ON BEHALF ……………….. __________________________________ |
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