March 27, 2009, Newsletter Issue #160: Starting a Scholarship Through a Community Foundation

Tip of the Week

Those who wish to start a scholarship fund have many different options. When investigating how to start a scholarship, foundation organizations in your community are generally the best resources for information.

Community foundations can help individuals, organizations, and corporations start scholarship funds. Unless you plan to establish a private or corporate foundation, it is generally best to establish your foundation based scholarship with your local community foundation.

There are many different ways you can set up a scholarship foundation fund.

Contribute money to an existing scholarship fund or to establish a new one. Contribute stocks, bonds, or real property to an existing scholarship fund or to establish a new one. Bequeath money to the foundation in your will for the purpose of starting a scholarship fund. Name the foundation as a beneficiary for your life insurance policy or annuities. Establish a charitable remainder trust or other planned giving resource.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Scholarship Tip Site? Request a Tip Now!


Guru Spotlight
William Pirraglia