This all depends on the language in your legally binding endowment
agreement with the donor. That binds both you and the donor to certain
terms. You must abide by those.
John
John H. Taylor
Principal, John H. Taylor Consulting
2604 Sevier St.
Durham, NC 27705
johntaylorconsulting@gmail.com
919.816.5903 (cell/text)
Serving the Advancement Community Since 1987
On Fri, Feb 15, 2019 at 9:40 AM Black, Jason D. <
jdblack@ccis.edu> wrote:
> If a pledge to establish a scholarship is not completed, but enough was
> donated to meet the college’s minimum for an endowed fund, is the college
> still obligated to follow the narrow restrictions of the original
> agreement? Or does the donor’s failure to complete their agreed-upon pledge
> release us from the restrictions to use the funds for more general
> scholarship support?
>
>
>
> In the particular case I’m looking at, the pledge was large, but the donor
> paid less than 1/10th of what was promised in the agreement. The donor
> refused contact with the college for many years, and passed away about 10
> years ago.
>
>
>
> [image: Description: Description: Description: CC_logo_4c_colorbuild_lg]
>
>
>
> *Jason Black *
> Director of Advancement Services
> (573) 875-7562
>
> *
jdblack@ccis.edu <
jdblack@ccis.edu> *
>
>
>
> *Columbia College*
> 1001 Rogers St.
> Columbia, MO 65216
>
http://www.ccis.edu
>
>
>
>
>