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Donor Terms and Conditions

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Thank you for seeking to make a gift to Peacemakers Scholarship Foundation. The Peacemakers Scholarship Foundation, peacemakerssholarship.org  (EIN: 93-3202847) is a Texas nonprofit foundation that is recognized by the IRS as an organization described in Internal Revenue Code Section 501(c)(3) and classified as a private foundation. 

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Acceptance of Gifts

Peacemakers Scholarship Foundation accepts gifts from individuals, companies, and other tax-exempt foundations to secure the future growth and mission of Peacemakers Scholarship Foundation. These Terms & Conditions govern the acceptance of gifts Peacemakers Scholarship Foundation and provide guidelines to prospective donors and their advisors when making gifts to Peacemakers Scholarship Foundation. The provisions of these Terms & Conditions shall apply to all gifts received by Peacemakers Scholarship Foundation but may change from time to time to best meet the needs of Peacemakers Scholarship Foundation.

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Peacemakers Scholarship Foundation  will at all times use best efforts to implement the written philanthropic goals of its donors. Peacemakers Scholarship Foundation strongly urges all prospective donors to seek the assistance of personal legal and financial advisors in matters relating to their gifts and the resulting tax and estate planning consequences. It will be the responsibility of the donor to secure an appraisal (where required) for all gifts made to Peacemakers Scholarship Foundation.

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Purpose of Gifts

Peacemakers Scholarship Foundation will accept unrestricted gifts, and gifts for specific programs and purposes, provided that such gifts are not inconsistent with its stated mission, purposes, and priorities or with any applicable laws or public policy. Peacemakers Scholarship Foundation will not accept gifts that are too restrictive in purpose. Gifts that are too restrictive are those that violate the terms of the Peacemakers Scholarship Foundation corporate Articles of Incorporation or tax-exempt status, gifts that are too difficult to administer, or gifts that are for purposes outside the mission of the Peacemakers Scholarship Foundation. Any gifts not specifically restricted or designated by the donor will be considered unrestricted and will be utilized in the areas of greatest need as determined by Peacemakers Scholarship Foundation. Peacemakers Scholarship Foundation  reserves the right to decline any gift or grant.

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Valuation and Acknowledgment of Gifts

Peacemakers Scholarship Foundation will record a gift received at its valuation for gift purposes on the date of gift. Peacemakers Scholarship Foundation  will acknowledge all gifts made to Peacemakers Scholarship Foundation and comply with the current IRS requirements in acknowledgment of such gifts by providing a receipt to the donor listed by email, after the donation is processed.

 

Eligibility and Selection for Scholarships

Because of Peacemakers Scholarship Foundation's  status as a tax-exempt private foundation, Peacemakers Scholarship Foundation is required to award its scholarships on an objective and non-discriminatory basis. The officers, managers, and directors of Peacemakers Scholarship Foundation are not eligible to receive a scholarship; substantial contributors to the Peacemakers Scholarship Foundation are not eligible to receive a scholarship; the members of the selection committee are not eligible to receive a scholarship; and family members of any of the foregoing categories are not eligible to receive a scholarship.

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Furthermore, Peacemakers Scholarship Foundation recognizes that, sometimes a scholarship applicant will have no formal connection with any persons who are ineligible to receive a scholarship as set forth in this section, but may have a personal connection with one or more of those persons. In that case, there might be the perception of a conflict of interest or an inappropriate selection process if such applicant were selected to receive a scholarship. Peacemakers Scholarship Foundation reserves the right for its selection committee to consider and base its decisions, in part or in whole, on avoiding any public perception of wrongdoing in the interest of avoiding damage to the reputation of Peacemakers Scholarship Foundation.

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Selection Committee Membership

Neither the donor nor any parties related to the donor may control the selection committee, directly or indirectly. Thus, while a donor may participate in the selection process and may make recommendations that the selection committee takes into consideration, the ultimate selection of recipients must be controlled by Peacemakers Scholarship Foundation. Related parties include relatives and employees of the donor and may also include independent contractors of the donor (such as the donor’s attorney). 

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Use of Scholarship Funds

Upon the award of scholarships, the recipients may use such funds for tuition or fees to enroll at or attend an educational institution. Peacemakers Scholarship Foundation will work to encourage recipients to use such funds for direct educational expenses. If the scholarship funds are used for non-educational expenses such as room and board, travel, research, etc., the funds will be taxable to the recipients. Peacemakers Scholarship Foundation shall not award scholarships with any condition that the recipient provide services in the future, including for example unpaid internships.

 

Specific Objective Grants

Peacemakers Scholarship Foundation may award grants designated to achieve a specific objective, produce a report or other similar product, or improve or enhance a particular skill, capacity, or talent of the recipient. For those grants, the Peacemakers Scholarship Foundation will enter into a separate agreement with each recipient to ensure that the funds will be used appropriately.

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Changed Circumstances

In the event of a donor’s death or incapacity, Peacemakers Scholarship Foundation will continue to use any donated funds for the specific purpose for which the funds were designated by awarding scholarships in accordance with its regular schedule for making such awards. If, however, a designated purpose becomes impossible or impracticable, Peacemakers Scholarship Foundation will direct such funds to be devoted to purposes that it deems to be most consistent with the wishes and intentions of the donor, including in some cases by expanding eligibility for scholarships to ensure a qualified pool of applicants.

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Providing Recipient Information to Donors

Peacemakers Scholarship Foundation will announce the recipients of scholarships online and to all scholarship applicants  in accordance with its regular schedule of making awards. For those donors who wish to connect with a recipient to offer congratulations, Peacemakers Scholarship Foundation can provide the donor’s contact information to the recipient, and the recipient may choose to contact the donor if they desire. Peacemakers Scholarship Foundation reserves the right to provide winner contact information to the donor at the Foundation's direction.