Webinars for Wise Nonprofits: Creating Scholarship Programs: Legally Structuring a Lasting Educational Impact

Scholarships are an excellent way for nonprofits to support educational achievement in connection with their charitable purposes. Some nonprofits are established with the intention of managing a scholarship program, while other nonprofits develop a scholarship program after operating for several years as a natural extension of other program offerings. This webinar, designed for newly forming and existing public charities, will provide an overview of IRS rules and best practices to establish and administer a scholarship program, including the selection criteria for recipients, selecting a scholarship review committee, distributing funds, monitoring the use of funds, and a discussion of tax implications for both the recipient and the public charity.

This webinar is designed specifically for public charities (not private foundations) and will not address applicable rules for donor advised funds.

Learning Objectives: Participants will understand how to structure and administer a scholarship program.

For nonprofit managers and Board members of public charities considering the creation of a scholarship program.

Presenter: Ciarra Chavarria, Staff Attorney