The scholarship is distributed with interest earned. The money goes to the charity at the donor's death. Whatever remains at the donor's death is available to the charity. When a person dies, the will is taken to the probate court to prove that the will is indeed the person's last will and testament. A copy of all proposals must be forwarded to the coordinator for prospect management for inclusion in the permanent prospect file.
Clearance is required for all major gift cultivation.
The remainder in the trust at the donor's death is the asset of the charity.