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