Scholarship Successor Advisors?
Hello everyone! Our scholarship program at The Findlay-Hancock County Community Foundation is celebrating 30 years and we are starting to have a generational shift. The individuals who signed the original fund agreements would like to "pass their scholarship" on to the next generation of their family. What policies do you have in place for successor advisors for scholarships? Specifically advisors that would be able to make changes to the criteria of a scholarship. Currently, the donor(s) who signed the fund agreement is the only person who can make material changes to the scholarship. Family members can be involved as evaluators following IRS guidelines and can receive updates and information about the scholarship, but they cannot make material changes. Thanks in advance for your input!
