1325 NW 2nd St., Gainesville, FL. 32601
.371.2986 • www.dancealive.org
Charitable Pledge Agreement
This Charitable Pledge Agreement (“Agreement”), eective as of _____________(“Eective Date”), is made
and entered into by and between ___________________________________________ (“Donor”), whose
address is _________________________________________________ , and Dance Alive, Inc. and its
Board of Trustees (a 501(c)(3) charitable organization collectively referred to as the “Recipient”) for the use
and benefit of Dance Alive, Inc. all under the terms and conditions outlined below. In consideration of the
mutual promises and benefits, the parties agree as follows:
1. We or I, ______________________________ (the “Donor”) hereby pledge and agree to pay to Dance
Alive, Inc. the sum of ____________________. Donor agrees to make future contribution(s) either in
one lump sum or in annual amounts for the purpose of satisfying the pledge and further agrees that in
any event, the pledged amounts will be paid by the following date __________, which date shall not be
no later than December 31, 2025. Donor may accelerate the payment of any or all of this pledge at any
time in Donor’s discretion so long as the cumulative total of all payments are paid by the above receipt
date. Payments shall be paid by Donor to Recipient via check, electronic funds transfer, transfer of
stocks or other securities, or other methods acceptable to Donor and Recipient.
2. The Recipient, Dance Alive, Inc. agrees that it will apply the pledged amounts when received in
accordance with its mission and tax exempt purposes and further acknowledges the following restricted
versus unrestricted use designation hereby made by Donor.
A. Pledged amounts are to be considered unrestricted and can be used for any charitable mission of
Recipient. Donor please initial here __________ to establish pledged amounts as “Unrestricted”; or
B. Received pledge amounts are only to be applied towards the paying of the expenditures of acquiring
the land and undertaking the intended building construction for a new location for Dance Alive, Inc.
and the Pofahl School, (once merged and made part of the non-profit Dance Alive, Inc.), referred to
hereafter as “the Project”. Dance Alive, Inc. agrees with Donor that it will consider these pledged
amounts as “restricted funds and expects that Recipient will set up appropriate “restricted accounts”
per applicable accounting rules for non-profits. Donor please initial here ________ to establish
pledged amounts as “Restricted”.
C. Where the Project is terminated or abandoned for any reason and there exists any remainder of the
received pledged amount outstanding and unspent, the Recipient agrees to provide Donor with a
written notice made by certified mail-return receipt requested, then giving the Donor to obligation to
respond within 30 days to either:
(i) Sanction any remaining and received Pledged amounts to become unrestricted; or
(ii) Direct that they be used for a specified purpose; or
Dance Alive National Ballet is a registered 501(c)(3) not-for-profit organization.
FID#: 23-7348157, Tax Exempt #: 11-06-032954, SC 02487