| POLICY
STATEMENT ON RECEIPT OF FUNDS FROM CORPORATIONS,
FOUNDATIONS AND INDIVIDUALS FOR SPECIFIC STUDENTS
Morehouse School of Medicine needs and deeply
appreciates funds which are donated to the institution
for the purpose of defraying the costs of education
for students. In fact, the School has declared
financial assistance to students as one of its
highest priority needs.
From time to time the question arises as to whether
an individual can donate funds to the School with
the understanding that the funds would be granted
by the School to a specific student and that the
donor would be able to enjoy a tax advantage through
the donation. The Morehouse School of Medicine
can not participate in this activity because it
violates Internal Revenue regulations, is against
the law, and would jeopardize our non-profit status.
The school has also adopted a policy of not accepting
funds from corporations and foundations which
are given with the understanding that they be
granted to a named student. Morehouse School of
Medicine is very pleased for individuals, corporations
and foundation to specify the criteria that the
School is to use to assign funds to students.
These criteria may include such items as academic
performance, documented financial need, size of
home town, specific geographic origin, to name
a few examples. The School is able to assure each
such donor that funds will be distributed according
to the donor criteria by the Scholarship Committee.
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