Deed of Donations Must be Sign and Notarized Properly

Guidelines on the Proper Recording of All Donated Properties


The DepED through the Property Division, Administrative Service issues the enclosed Guidelines on the Proper Recording of all Donated Properties for the compliance of all concerned.

1. Duties and Responsibilities

The Donee or the office with the donated properties are donated will be provided by the donor of Deed of Donation which states all the agreements between the Donor and the Donee. This Deed of Donations must be properly signed and notarized.

A copy of the signed and notarized Deed of Donation shall be furnished to the Property Division Unit and Accounting Division for proper recording

Sounds accounting principles states that, donated assets shall be recorded at cost, when determinable at the time of donation, the exchange value, fair market value or appraised values of assets, when cost is not available.

Duties and responsibilities of Property Division.

Duties and responsibilities of Accounting Division

DepEd Order no 82, s 2011

http://www.deped.gov.ph/cpanel/uploads/issuanceImg/DO%20No.%2082,%20s.%202011.pdf



Deeds of Donor Form

DEED OF DONATION

KNOW ALL MEN BY THESE PRESENTS:

That I, _____________of legal age, single / married to_______________________ with postal address at _________________ hereinafter referred to as the DONOR, and ______________, likewise of legal age, single / married to __________________ with postal address at ____________________ hereinafter called the DONEE, witnesseth:

That the DONOR is the registered owner of a parcel of land, more particularly described as follows:

(Insert description of property to be donated)

That the DONEE is a cousin of the DONOR, who has lovingly dedicated five (5) years of his life as the latter's personal caregiver and companion;

That FOR AND IN CONSIDERATION of the DONEE'S trust, devotion and affection shown to the DONOR, and as an act of gratitude and liberality on his part, the DONOR hereby voluntarily GIVES, TRANSFERS, and CONVEYS by way of donation, unto the said DONEE, his heirs and assigns, the above described property, together with all the improvements found thereon, free from all liens and encumbrances;

That the DONOR affirms that this donation is not made with intent to deceive his creditors, and that he has reserved for himself sufficient funds and property;

That the DONEE hereby accepts and receives this donation made in his favor by the DONOR, and hereby manifests his gratefulness for the latter's generosity.

IN WITNESS WHEREOF, both the DONOR & DONEE have hereunder subscribed their names this __________ day of __________________ 20__ at _____________________, Philippines.

_____________________________ ______________________________

DONOR DONEE

WITNESSES:

_____________________________ ______________________________

ACKNOWLEDGMENT

Republic of the Philippines)

_________________________) S.S

BEFORE ME, a notary for and in the ____________, personally appeared:

Name CTC Number Date/Place Issued

(Donee) 00000000 ____ 28, 20__ / _____

known to me and to me known to be the same persons who executed the foregoing Deed of Donation and acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL, on the date and place first above written.

Notary Public

Doc. No._____;

Page No. _____;

Book No._____;

Series of 20__.