Providing scholarships to individuals is a popular method of charitable giving in the U.S. But following the U.S. Supreme Court's decision in Students for Fair Admissions v. Harvard and the ongoing Alliance for Equal Rights v. Fearless Fund case, charitable organizations that award scholarship grants to individuals, or that want to begin awarding such grants, have more questions about their programs than ever before.
Mastering Foundation Law: Scholarships discusses the legal and administrative issues that arise most frequently when a nonprofit, tax-exempt entity under Internal Revenue Code section 501(c)(3) – both public charities and private foundations – designs and implements a scholarship grant program to individuals. It dives deep into topics such as:
- Recent events;
- Strategic, administrative, and tax considerations for community foundations;
- Strategic, administrative, and tax considerations for private foundations; and
- Consequences of making improper scholarship grants.
A broad overview of those topics is available in our Mastering Foundation Law: Scholarships Brief, available for free to member and nonmember foundations alike, to serve as a starting point for all foundations in this still-changing landscape.
Accessing this Chapter
As a benefit of Council membership, members can download this chapter for free. Nonmembers of the Council can purchase this chapter of the Legal Compendium in our store for $149.