FundSvcs Community

Hello,

I'm trying to gain a better understanding of the limitations around directing gifts to specific faculty and staff. We have a commitment (from before I joined the organization) from a private foundation to pay a stipend to a staff member based on that individual acting as a mentor to a specific group of students. In the first year, that group consists of students connected to a program that the foundation runs before attending our college. After the first year, the goal will be to open the mentorship up to first generation students (with some exceptions).

Since the gift agreement specifies that the money is to pay a specific staff member a stipend for acting as a mentor, is this a countable donation? If not, how would the agreement need to be changed?

Thanks,

Keith

Hello,

I'm trying to gain a better understanding of the limitations around directing gifts to specific faculty and staff. We have a commitment (from before I joined the organization) from a private foundation to pay a stipend to a staff member based on that individual acting as a mentor to a specific group of students. In the first year, that group consists of students connected to a program that the foundation runs before attending our college. After the first year, the goal will be to open the mentorship up to first generation students (with some exceptions).

Since the gift agreement specifies that the money is to pay a specific staff member a stipend for acting as a mentor, is this a countable donation? If not, how would the agreement need to be changed?

Thanks,

Keith