How Do You Set Up A Scholarship Fund?
Setting up a scholarship fund is a great way to give back to the community. Scholarship funds not only help provide for students, they can also preserve the memory of a loved one and promote a specific line of study. Contact a School Would you like your scholarship to be issued to a student at a particular school? If so, contact this school to let them know you are interested in setting up a scholarship fund. The school should be able to offer you guidance in all areas of establishing your fund. How Much to Give? The amount of money put toward your scholarship fund will help determine the number of scholarship recipients. Check with the institution at which you are setting up the fund to see whether there is a minimum amount you can donate. Usually, the minimum is $25,000. The money within a scholarship fund does not necessarily need to be a private donation made by the fund’s creator. Community foundations will donate money to charitable organizations and funds, so contact such a foun
