Preston Bell Foundation, Inc. Charitable Disbursement Policy

Disbursement Policy

Effective Date: 08-01-2025

1. Purpose

This policy governs the distribution of financial assistance provided by Preston Bell Foundation, Inc., a registered 501(c)(3) nonprofit organization.

Assistance is intended to support women’s health and well-being and to provide scholarships to assist women pursuing careers in healthcare. Funding may be issued in the form of scholarships, stipends, or limited financial assistance to support health and well-being needs.

2. Eligibility Criteria

Assistance is intended for:

• Women seeking financial assistance to support or improve their health and/or well-being
• Women pursuing education or training in healthcare-related fields and seeking scholarship support
• Applicants residing in areas served by Preston Bell Foundation, Inc.

There is no guarantee of assistance. All funding is subject to review and availability of funds at the time of application.

3. Disbursement Methods

Approved forms of aid may include:

• Scholarships awarded to eligible individuals pursuing education or training in healthcare-related fields
• Payments made directly to educational institutions or program providers when applicable
• Limited financial assistance intended to support health and well-being needs

All disbursements are documented for internal accountability and regulatory compliance.

4. Limits & Frequency

Award amounts may vary based on program guidelines and available funding.

Recipients may receive support more than once within the same calendar year; however, repeat funding within the same program is limited. In general:

• A recipient may receive funding from a specific program (e.g., scholarships or stipends) up to two times per calendar year

• Recipients may also receive support from multiple different programs within the same year, provided they meet eligibility criteria for each

All repeat funding is subject to program guidelines, review, and availability of funds.

5. IRS Compliance

All disbursements are intended to qualify as charitable aid or educational assistance in accordance with applicable IRS regulations governing 501(c)(3) organizations.

6. Confidentiality

All applicant and recipient information will be kept confidential and used solely for eligibility determination, program administration, reporting, and audit purposes.

7. Policy Review

This policy will be reviewed annually and updated as necessary to ensure alignment with the organization’s mission, regulatory compliance, and program effectiveness.