Same facts as above. What if I do not receive the check, but instead, my daughter receives a scholarship from the school made possible by a donation by the XYZ Widget Company earmarked for her?
A17. The scholarship must be reported as it is an indirect benefit with monetary value. Labor organization officers and employees must disclose any benefits received by them (or their spouse or minor child) from a third party where the third party is acting on behalf, or at the behest, of an employer or business that would have to report the benefit if they provided it directly to them (or their spouse or minor child). Q18. What if my employer makes regular contributions to a local college for scholarships for all employees’ children who attend the school and my 18 year-old child receives one of these scholarships? If I am a labor organization official, must I still report my child’s scholarship? A18. The scholarship would not be reportable if it was a benefit received as a bona fide employee. If the scholarship was available only to the children of labor organization officers, it would not be received as a bona fide employee, but would rather be an indirect benefit with monetary value
Related Questions
- Same facts as above. What if I do not receive the check, but instead, my daughter receives a scholarship from the school made possible by a donation by the XYZ Widget Company earmarked for her?
- My school, college, church, friends or work place would like to send a team of volunteersis that possible?
- What interschool league will my grade 6 son/daughter play in next school year?
