Go to the FundSvcs.org download site in the IRS Documents section. The files are listed alphabetically. Look for Donor Control Issues - IRS Ruling.
John Taylor
919.816.5903
johntaylorconsulting@gmail.com
Big ideas; small keyboard
> On Jul 3, 2019, at 10:54 AM, Michele A. Hufnagel <
mhufnagel@washjeff.edu> wrote:
>
> Hi All,
>
> I have an alumnus interested in creating an endowed scholarship. The issue is he wants his attorney and then a successor to be the ultimate decision maker on whom receives the scholarship each year. We are not agreeable to this. I know that the donor cannot choose the recipient, based on IRS regulations. Can anyone point me to IRS regulations or rulings that frown on a donor appointee choosing the recipient? I’d like to be able to provide this to the possible donor.
>
> Thanks and have a great holiday weekend.
>
> Michele
>
> Michele Abate Hufnagel '93
> Associate Vice President, Development and Alumni Relations
> Washington & Jefferson College
> 60 S. Lincoln St.
> Washington, PA 15301
> (724) 223-6503
> fax (724) 223-5278
>
>
>