Summary Policy

Date
October 25, 2002 (Revised November 23, 2005)

Reference Number
CSP - V01

Key Words
Voluntary transfer

Policy Statement

At law, a gift is a voluntary transfer of property without consideration. In order for a donation to qualify as a gift, a donor must freely dispose of property. Any legal (e.g., contractual) obligation on a payor to make a donation would cause the donation to lose its status as a gift.

References

• Gift (donation), CSP-G01.
• Payment to a Registered Charity, CPC-008.