How To Start A Scholarship Fund In Honor Of Someone. Smith recommends a grant from his donor advised fund to the high school to fund the scholarship awards in memory of his mother. Because the entire idea behind most scholarships is that they last more than one year, you need to ensure that there is enough money to keep it going for several decades.
As a way to honor them, include your loved one’s name in the name of the scholarship itself. Select a name for your scholarship. Starting a scholarship fund is easy, and it’s a wonderful way to honor a friend or relative while helping kids afford college or providing the kind of opportunity you had as a student.
Most colleges and universities have staff that is available to assist with the creation of a memorial scholarship fund.
Because the entire idea behind most scholarships is that they last more than one year, you need to ensure that there is enough money to keep it going for several decades. Have a written plan prepared to present to the institution for assistance. The main aim of giving scholarships and grants is to help individuals who need money to study further. Our professional staff will show you how simple it is.