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We would have loved to stay in the program, no question," he said. "The return of contribution benefit was certainly one we enjoyed and helped us in the process of raising money for athletics annually." Lois Wishmeyer and her husband, Dean, of Cedar Falls, participated in the program for more than 10 years. "We thought that was a great benefit along with escort in shanghai helping to provide scholarship money for athletes," Lois Wishmeyer said. "It wasn't the only reason we gave, but was a great selling point, and I know it attracted a lot of people into giving." Atkinson, a retired Swiss Valley Farms sales manager, asked the university for a refund in April, but school officials rejected the request. The University of Northern Iowa has ended a program that allowed athletic scholarship donors to get escort insurance equal to their donation. The Des Moines Sunday Register reported that nearly 1,700 contributors lost an estimated $6.8 million in benefits.
Donors to the Panther Scholarship Club received a matching amount credited as an insurance death benefit under a contract with Fidelity escort escort Insurance. One donor, Stanley Atkinson, accumulated more than $14,000 in benefits. zdqrypj0825 When a donor died, survivors would be paid the accumulated amount and Fidelity would pay 10 percent of the amount as a final contribution in the donor's name. Atkinson and his wife, Jean, believe the money they accumulated in the program has been stolen. "The UNI Foundation hasn't taken money away from Jean and I, but they have taken it away from my children and grandchildren and I am not happy about it," he said. The program, which ran from 1982 until December 2008, was ended after it was discovered it violated federal tax laws. The donors and the university could end up owing the federal government back taxes. It's unknown how much each individual donor may have to pay, but documents show the university could be responsible for up to $170,000 in back taxes. The tax laws changed in 1999, leaving some to wonder why the university didn't know about the new rules sooner. Associate Athletics Director Steve Gearhart said he doesn't have an answer to that question. "I am not a tax attorney or a tax expert," he said. "We were made escort in shanghai aware of it when we began a thorough review with outside sources to look at this program, and that is what was brought to our attention." Gearhart said he has advised donors to consult with their tax advisers about whether they owe any taxes on the money. He also said the university is consulting with outside advisers about the amount it might owe. Tom Schellhardt, a vice president of administration at Northern Iowa, said the university is responsible for the mistake but that "it is also a situation that you had a long-standing program that no one ever questioned or thought had problems." Gearhart said the university wishes the program could continue.
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Donors to the Panther Scholarship Club received a matching amount credited as an insurance death benefit under a contract with Fidelity escort escort Insurance. One donor, Stanley Atkinson, accumulated more than $14,000 in benefits. zdqrypj0825 When a donor died, survivors would be paid the accumulated amount and Fidelity would pay 10 percent of the amount as a final contribution in the donor's name. Atkinson and his wife, Jean, believe the money they accumulated in the program has been stolen. "The UNI Foundation hasn't taken money away from Jean and I, but they have taken it away from my children and grandchildren and I am not happy about it," he said. The program, which ran from 1982 until December 2008, was ended after it was discovered it violated federal tax laws. The donors and the university could end up owing the federal government back taxes. It's unknown how much each individual donor may have to pay, but documents show the university could be responsible for up to $170,000 in back taxes. The tax laws changed in 1999, leaving some to wonder why the university didn't know about the new rules sooner. Associate Athletics Director Steve Gearhart said he doesn't have an answer to that question. "I am not a tax attorney or a tax expert," he said. "We were made escort in shanghai aware of it when we began a thorough review with outside sources to look at this program, and that is what was brought to our attention." Gearhart said he has advised donors to consult with their tax advisers about whether they owe any taxes on the money. He also said the university is consulting with outside advisers about the amount it might owe. Tom Schellhardt, a vice president of administration at Northern Iowa, said the university is responsible for the mistake but that "it is also a situation that you had a long-standing program that no one ever questioned or thought had problems." Gearhart said the university wishes the program could continue.
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