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Did charging seat fee violate agreement with donor?
Author(s) -
Tee Virginia
Publication year - 2015
Publication title -
campus legal advisor
Language(s) - English
Resource type - Journals
eISSN - 1945-6239
pISSN - 1531-3999
DOI - 10.1002/cala.30056
Subject(s) - beneficiary , scholarship , club , george (robot) , agreement , actuarial science , political science , law , business , history , medicine , art history , philosophy , anatomy , linguistics
George M. Lee, a longtime member of the South Carolina Gamecock Club, was given the opportunity to elevate his Full Scholarship level to “Lifetime Full Scholarship” in exchange for maintaining a life insurance policy for eight years in the amount of $100,000 naming the university as the sole, irrevocable beneficiary. Lifetime Full Scholarship allowed Lee the lifetime “opportunity to purchase tickets.”