Q. I am interested in setting up a college scholarship program at my company for employees and children of employees. Can this be done? H.S., via e-mail
A. Yes. Your company may offer a program that provides scholarships to employees and/or their children. However, to preserve the tax-free status of scholarship awards, the company plan must meet certain nondiscrimination requirements. For example, you must use an independent selection committee.
- Small Business Tax Deduction Strategies No matches