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How To Start A Scholarship Fund In Your Name. How to set up a scholarship fund you usually need at least $20,000, but a college or community foundation will do most of the legwork. The effort and expense of establishing a trust can significantly outweigh the benefit.
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Scholarship funds thanks to generous donors, cccf has awarded millions of dollars to support students working to reach their full potential in high schools, colleges, and universities across the country. Foundation source does not manage assets. However, be aware that large donations may be subject to a gift tax.
You receive tax benefits in the year your gift is made.
Scholarships can be funded through a variety of means. It is necessary that the program be board approved and that at least three individuals be appointed to serve on a selection committee. Keep it short and to the point, so people will learn its purpose without extra information. An annual scholarship to honor your family or someone important to you.
