Common use of LIMITATION OF DONOR ROLE IN IEEE FOUNDATION SUPPORTED PROGRAMS Clause in Contracts

LIMITATION OF DONOR ROLE IN IEEE FOUNDATION SUPPORTED PROGRAMS. The Foundation values and encourages the interest and involvement of donors in funding programs such as grants, awards, scholarships, fellowships, and travel grants. Such involvement may include recommending criteria for the program and the length of time the funding is expected to last. To comply with U.S. IRS regulations, donor participation and involvement in funded programs must be limited. IEEE programs that will be supported by a separately identified Fund shall be required to incorporate the following requirements into the program administration criteria. The IEEE Development Office shall ensure the donor(s) is(are) aware of and agrees to these limitations and incorporate such restrictions into the gift agreement as appropriate. These limitations shall also be incorporated into the Delegation of Expenditure Authority agreement.