Appendix A: Gift Agreement (Royal Roads University & City of Langford) (scanned)

This Gift Agreement

This Gift Agreement is made the 23rd day of September 2022.

BETWEEN:

CITY OF LANGFORD
(the “Donor”)

AND:

ROYAL ROADS UNIVERSITY FOUNDATION
(“RRUF”)

WHEREAS:

A. The Donor wishes to make a gift of cash and inspire other gifts, to RRUF for the benefit of Royal Roads University (RRU); and

B. RRUF, being empowered to accept gifts of cash for the benefit of RRU, desires to accept the gift.

NOW THIS AGREEMENT WITNESSES AS FOLLOWS:

Transfer of Gift and Acknowledgement

The Donor gives the sum of $375,000 in cash (the “Gift”) to RRUF, for its own use absolutely, subject only to the terms of this Agreement.
The Donor will pay the Gift to RRUF through a series of instalments or pledge payments. Pledge payments shall be made on the following dates, in the following amounts.

Date	Pledge Amount
December 1, 2022	$75,000
April 1, 2023	$75,000
April 1, 2024	$75,000
April 1, 2025	$75,000
April 1, 2026	$75,000

RRUF will provide receipts, as appropriate, for each pledge payment, in the amount of the payment, within a reasonable period following the receipt of each pledge payment.

Purpose of Gift

The purpose of this Gift is to establish the Langford Education Awards fund at the RRU Langford campus, which will provide financial support by way of awards for Langford students attending any program at the Langford Campus. The City will develop the criterion for eligibility for awards in cooperation with RRUF no later than the first scheduled pledge payment so that the first cohort of Langford campus students can be apprised of the award opportunity.
Use of donated funds, fund management and award allocation decisions will be made in accordance with RRUF policies and procedures and the agreed eligibility criteria as they may be amended from time to time.
The City reserves the right to review the established criteria on an annual basis and may make changes to the eligibility criteria. Any changes will not affect those awards which have already been made even if they have not yet been paid out.

Expenditure

The Gift shall be disbursed for purposes which are in conformity with the purposes of RRUF and which are consistent with the wishes of the Donor as expressed in this Agreement.

Reporting

In coordination with RRUF, RRU shall provide the Donor with regular progress updates (through emails or conversations), as well as with written reports on an annual basis (one month prior to each scheduled pledge payment, exclusive of the first payment).

Public Recognition of Gift

RRU and RRUF are grateful and honoured that the Donor has chosen to make this Gift to RRUF for the benefit of RRU and will publicly recognize the Gift in the name "CITY OF LANGFORD" in accordance with RRUF's Donor Recognition Policies and Procedures. The Donor shall be acknowledged,
In the opinion of RRUF, if it becomes impossible, inadvisable or impractical to use the Gift for the specified purposes, the Donor will be advised within a reasonably timely manner and, , the Donor will be consulted on any proposed alternate use. Once the Donor has been advised in accordance with this paragraph, the Donor has the unconditional right to withhold and cancel any further pledged donations otherwise payable under this Deed.
Each provision of this agreement shall be separately enforceable, and the invalidity of one provision shall not affect the validity or enforceability of any other provision.
This agreement may be executed in any number of counterparts, each of which, when so executed and delivered, shall be deemed an original and such counterparts together shall constitute one instrument.

General Terms

This Agreement is binding on the parties hereto and their respective heirs, executors, administrators, successors and assigns.
This Agreement and the enforcement of its terms will be interpreted and conducted under the laws of the Province of British Columbia.
This Agreement may be executed, either in person or electronically, in one or more counterparts and the counterparts shall be read, all together, as a single document.

Stewart Young, Mayor
City of Langford
Donor/Fund Contact
Date: September 21, 2022

Braden Hutchins, Acting CAO
City of Langford
Donor/Fund Contact
Date: September 21, 2022

Susan Gee, Vice-President, Communications and Advancement
Royal Roads University
Date: September 23, 2022

Veronica Thompson, Vice-President Academic and Provost
Royal Roads University
Date: September 23, 2022

Philip Twyford, Vice-President Finance and Operations
Royal Roads University
Date: Sept 23, 2022