Donor Terms.pdf

Kolyom's Terms and Conditions apply to individuals or corporate entities opening an account, with references to "you" or "your" applying accordingly. Kolyom is an English charity that operates as a donor-advised fund, donating to charitable institutions at the request of donors. Donations to Kolyom are irrevocable and become Kolyom's property, with profits earned on donated funds also belonging to Kolyom. Kolyom provides services including claiming Gift Aid, sending monthly statements, and liaising with potential grant recipients. Donors can request payments to charitable organizations, and Kolyom has discretion in determining grant eligibility and allocating funds. Kolyom may only allocate funds for charitable purposes in English law and will carry out due diligence on proposed grants. Donors must not derive any benefit from donated funds, and Kolyom is not responsible for ascertaining whether donors or connected persons benefit from payments. Specific rules apply to school and education-related fees, with Kolyom unable to pay private school or college fees, but able to pay voluntary contributions for Kodesh tuition at state-aided schools.