In this week's Washington Snapshot: Ways & Means Working Toward Tax Reform; Primary Season is Officially Underway; Adding Scholarship Restriction for Renewal Purposes; Emerging State Issue: Turning to States to Solve the Impasse Over Obamacare; and more!
In-Depth knowledge on Scholarships
Last time, Winter Storm Jonas launched a furious blitz and knocked us off our game. But after a brief huddle, we're back to the line of scrimmage for the first Legal Lunch Series of 2016. Attorneys Suzanne Friday and Bryan Del Rosario will team up to tackle several legal issues that your organization is or may experience. Take a timeout and join us Thursday, February 11 at 1 PM EST.
The Council has six full-time attorneys with a breadth of experience on staff. This team of experts is a valuable resource to Council members, and is available to provide information on a wide range of topics that impact foundation operations.
Frequently asked questions about establishing and administering scholarships.
Legal requirements for corporate foundation scholarship funds for corporate employees.
Information on bringing scholarship funds into compliance under the PPA.
When donors to scholarship funds see the impact that their money can have on the life of a student, they are often inspired to contribute more. Sometimes they will add more to the principal of the fund so that future awardees can receive bigger scholarships or more scholarships can be awarded. Where investment losses have reduced the value of the scholarship fund and the amount available to pay out, donors may wish to round up the year’s grants. On occasion, they wish to increase the size of awards given to students who have already been selected or provide funds for additional scholarships so that students who did not make the cut can receive aid. The timing of the donor’s renewed generosity may determine whether these additional gifts should be accepted and applied.