Pasadena Community Foundation holds and manages many scholarship funds to support students. Establishing a scholarship as a component fund of PCF provides the following benefits:
IRS requires that for any gifts to an individual, there are certain requirements that must be met. This is true whether the payment is made to the individual directly or to the educational institution.
All scholarships should be awarded on an objective and non-discriminatory basis.
The Scholarship Committee responsible for the selection of scholarship recipients must be free from conflict of interest. This committee can be an independent group that reviews applications and selects the grant recipients. A donor or other “interested party” may not hold a majority role on the committee. PCF works with many scholarship committees to facilitate their work.
Another option is to create a scholarship for a particular school and delegate the selection of grant recipients to the school’s Selection Committee.
Contact: Liz Algermissen, Director of Development (626) 796-2097 x105 or email@example.com
PCF is a 501c3 public charity Tax ID# 20-0253310