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  • 1.  Gifts from a 501c3

    Posted 01-02-2024 04:18 PM

    Happy New Year!

    If you receive a gift for scholarships from a 501C3 organization and the gift states the name of the student to designate the scholarship to, do you process the gift and apply the scholarship or send the check to financial aid to process?

    Thank you,

    Melissa



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    Melissa Workman
    California Baptist University
    mworkman@calbaptist.edu
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  • 2.  RE: Gifts from a 501c3

    Posted 01-02-2024 04:24 PM
    It must be sent to Financial Aid for handling. These cannot be treated as gifts even if the donor is a nonprofit. The donor has retained control of the funds and earmarked them. These payments can be treated as income to the individual.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987




    Original Message


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