Error: Object reference not set to an instance of an object - when adding a Plan participant to a Major giving plan

When adding a Plan participant to a Major giving plan, a user may receive Error:  Object reference not set to an instance of an object.  Despite the error the plan can be saved successfully. 
We're currently evaluating this issue for a fix in a future release 

Steps to Duplicate

1.  Log-in to Environment
2.  Search for Constituent record. 
3.  Click Prospect under View as. 
4.  On the Plans tab, click Add, Add a major giving plan.  
5.  In the Plan participant field, search for and select a constituent.  Receive Error:  Object reference not set to an instance of an object.  

Environment

 Blackbaud CRM
 3.0
 4.0
 516.60

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