By providing a foundation for someone’s education, you are giving a gift that lasts an entire lifetime.

How to set up a scholarship in memory of someone. Traditionally, families erect a tombstone, create a memory book or purchase a memorial bench for public use. This is a common way to set up scholarship funds and it can be. Once you get to the.

When you’re going through the rest of this process, it’ll help to have a clear image in mind of the student you want to help. If, for example, a student’s gpa is 4.0,. An endowment would allow the bulk of your finds to grow within a fund,.

If you manage everything on your. There are a few options when it comes to starting a college fund for kids. And by making it part of a loved one’s legacy (by including their name on the.

You can set up an account to accept donations through a bank or credit union. If you make a sizable donation, you may be able to set up a scholarship as an endowment. Consider employing a point system to help evaluate applicants.

If you are a religious person, you may want to create a scholarship through your church and offer the award to students who attend a religious university. Using a bank or credit union. You can sign up in two minutes here.

Bold.org is easy to use, but below are the basic steps to get started. Typically, once you have finalized the requirements of your memorial scholarship. These generally align with the core periods of the academic year when students.