Enforceability of Charitable Gift Promises

Reynolds Cafferata (Partner, Rodriguez, Horii & Choi LLP; Lecturer, USC Gould School of Law) has recently published an article in The Journal of Gift Planning entitled Should Pledges be Enforceable? And Other Questions to Ask About Gift Agreements.

In this article, the author

explores both the harm and benefit that may arise from enforceable pledge agreements, and reviews the many issues that should be considered in drafting an enforceable agreement that serves both the donor and the charity. He proposes alternatives to enforceable pledges, including the statement of intent to make a gift and the revocable enforceable pledge.