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NCPC
     
    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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