Don’t waste my time (RW article) But a donated bell belongs to the parish. Consider the box of beer my brother-in-law donated to me in memory of Christmas. He won't get any of that back, ever! More seriously, unless there is some sort of restriction, a donation is a free gift regardless of inscriptions. One of the bells in Rochester Cathedral was donated by the USS Pittsburgh and part of the letter from the CO reads:
“I hand you herewith a check for £52, 10s, from Admiral Huse, the Officers and Men of Pittsburg, to cover the cost of re-casting a bell for the Cathedral chimes. I understand that it is agreeable to you to have the bell marked “U.S.S. Pittsburgh, 1920.”
“Please accept this as a token of our great appreciation of kindnesses received, and of our sincere desire that our two peoples may always happily associate and feel as kindly toward each other, as we do, to our hosts of the last two-and-a-half months. May the Pittsburgh bell sound from the Tower of your ancient city a sweet tone, a note of goodwill from us to you."
It was duly cast with “U.S.S. PITTSBURGH IN MEMORY OF 1920” as an inscription. Clearly a gift with no strings attached.