First Name *

Last Name *

Email *

Phone *

Legacy Fund Name

Initiating Amount - How Much Money Will You Donate When the Fund is Setup? *

Initiating Date *

(For Website Display): What inspired you to create this fund? (Our team will use your response to write the description for your fund’s webpage.) *

OPERATIONAL COSTS

There are operational costs associated with maintaining a Legacy Fund, such as loan management, accounting, reporting, tax filing & administration. Your one time $300 opening fee support from the initiating of your legacy fund will help us in maintaining ACC’s work. Please confirm below if you would like to include these as part of your initial donation or a separate donation.

Take $300(One time fee) of my initiating amount

I will add on $300(One time fee) to my initiating amount to cover the operational costs

REPORTING

ACC will produce biographical and financial reports to update you on the difference that your Legacy Fund is making on the multitudes of students and graduates. Reports will include total initial investment, short biographical data on the students ACC has chosen, their contract due date, total number loans given, total dollar amount given, total amount donated from your alumni, etc. Reports will be made available to you on an ANNUAL basis.

I agree and acknowledge

EXECUTION OF AGREEMENT - If You Agree to the Terms and Conditions and Have Read Through the "I Acknowledge" Section Below Please Write Your Name

“I Acknowledge” Legacy Fund Contract

Between A Continuous Charity and the Legacy Fund Creator

Give the Gift of Education and Leave Your Legacy or That of a Loved One for Future Generations
"When the human being dies, his deeds end except for three: ongoing charity, beneficial knowledge, or a righteous child who prays for him."
— Hadith Sahih Muslim 1631

Purpose of the Legacy Fund

This Legacy Fund is established in the name of a family, loved one, or meaningful cause to serve as ongoing charity (sadaqah jariyah) by supporting students in need of interest-free educational funding.

Legacy Funds:

Are created by individuals, families, or businesses.
Can honor parents, grandparents, mentors, or a specific field (e.g., teachers, lawyers, physicians).
Include impact reports and visibility into students supported through the fund.

How the Fund Operates

By signing this agreement, the Legacy Fund Creator acknowledges that:

Startup & Structure
- The fund can be opened at any donation amount but becomes an official Legacy Fund once the balance reaches $10,000.
- A one-time account setup fee of $300 is required.
- Donations are tax-deductible and eligible as Sadaqah and Zakat where applicable.
Function & Management
- All funds go directly toward interest-free educational loans for students vetted and approved by ACC.
- ACC will create a dedicated fund page on its website and manage all loan distribution and repayment processes.
- Legacy Fund creators can contribute at any time and may receive access to a dashboard (coming soon).
- Annual impact reports will be provided to the primary contact on the fund. Additional stakeholders can be added at any time.
Perpetual Giving
- Once the fund reaches $10,000, it becomes perpetual and cannot be closed. The donor may stop contributing, but ACC will continue managing and disbursing loans using the existing fund balance.
- ACC does not charge ongoing management or operational fees from the fund.

Fund Usage & Terms

The Legacy Fund Creator acknowledges the following:

All student loans from this fund will be handled exclusively by ACC, including:
- Reviewing applications
- Deciding loan amounts
- Setting repayment terms
ACC retains final decision-making authority over which students are awarded and under what terms.
Legacy Fund Creators may refer students to their fund but:
- All referred students must apply and be approved through ACC’s formal process.
- No exceptions or bypasses are permitted.
Fund Creators may request updates to the fund name, website description, or banner image at any time by contacting:
[email protected]
ACC will never use funds from the Legacy Fund for operational or overhead costs. 100% of the funds are reserved for student support.

Disclaimer & Risk Acknowledgement

The Legacy Fund Creator understands:

Loan Repayment Risk: There is a risk that some students may default or fail to repay their loans.
ACC does its best to ensure repayment but does not guarantee full repayment and is not liable for any non-repayment.