National Scholarship Providers Association Taps Leaffer Law for Nonprofit Toolkit
The National Scholarship Providers Association (NSPA) has launched its first-of-its-kind toolkit for nonprofit organizations that offer or are interested in offering a scholarship program. Karen Leaffer and Becky Farr Seidel co-authored three sections focused on the related nonprofit legal aspects.
1. Donor-Advised Scholarship Funds
2. Student Information: Record Retention, Access, Security and Destruction
3. Tax Reporting and Withholding of Scholarships by Scholarship Providers
This toolkit is a primer for those who are developing a new scholarship program, and provides in-depth looks at best practices to streamline long-running programs.