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Fund to award international trip

  • 1.  Fund to award international trip

    Posted 23 days ago
    We have an alum who works abroad, who would like to establish a fund which would be used to annually award 2 students (as selected by the econ department) a trip to travel with him to learn about international business and economics. Besides paying for their travel, lodging and meals are there any regulations that lay out approved/not approved expenses or per diem type limits dictated by the IRS, CASE, etc for this to be a charitable gift?  Or is it up to us to set any of these types of parameters?

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    Gwen Donev
    Director of Advancement Services
    Gustavus Adolphus College
    gwendonev@GUSTAVUS.EDU
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  • 2.  RE: Fund to award international trip

    Posted 23 days ago
    If this travel is required as part of a course the students are taking, there's no issue.  But that does not sound like this is the case and, therefore, the payment would not be a tax-deductible gift.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987