FundSvcs Community

We have situation somewhat similar to an honorarium. A publishing company would like to make a donation to us in lieu of a stipend for editorial work done by our faculty member. The faculty member would like the donation to be designated to expenses for medical students in their department. 

We are being told by our compliance dept that the payment should be made directly to the faculty member, who can then personally choose to donate the funds back to the our foundation. 

Does anyone have policy on how honorarium type gifts should be handled? In regards to designation, can these type of gifts be directed by the faculty member who completed the work? 

Thank you,

We have situation somewhat similar to an honorarium. A publishing company would like to make a donation to us in lieu of a stipend for editorial work done by our faculty member. The faculty member would like the donation to be designated to expenses for medical students in their department. 

We are being told by our compliance dept that the payment should be made directly to the faculty member, who can then personally choose to donate the funds back to the our foundation. 

Does anyone have policy on how honorarium type gifts should be handled? In regards to designation, can these type of gifts be directed by the faculty member who completed the work? 

Thank you,