| |
DONOR ADVISED FUNDS
FIELD OF INTEREST FUNDS
DESIGNATED FUNDS
GRANTING FROM YOUR FUND
MANAGEMENT AND INVESTMENT OF YOUR FUND
SCHOLARSHIPS
AWARDING SCHOLARSHIPS
MANAGEMENT AND INVESTMENT OF YOUR FUND
LET US SUPPORT YOUR PHILANTHROPY
ADDING TO YOUR FUND
OPPORTUNITIES TO BUILD PHILANTHROPY IN SW WASHINGTON
ARE YOU INVOLVED WITH A NONPROFIT?
RESOURCES
Glossary
|
|
Awarding Scholarships
Why are Scholarship awards determined by a committee?
When you made your gift to establish a Scholarship Fund, you received a tax deduction. Your gift became the property of the Community Foundation and subject to its legal control and variance power, required by federal law. Variance power means the Community Foundation’s Board has the authority and responsibility to exercise complete oversight and discretion when approving scholarship awards.
By law, scholarship recipients are selected in an objective, non-discriminatory manner, based on pre-determined criteria at the time the fund agreement is written. These committees are typically comprised of educators, guidance and career counselors, community members, staff, and occasionally donors. Donors may participate although they cannot comprise the majority of the committee. |
Awarding Scholarships
|
|
