Starting a Scholarship Through a Community Foundation

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Setting Up a Scholarship and other Scholarship topics.

How can I set up a foundation-based scholarship program?

Starting a Scholarship Through a Community Foundation

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.

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


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


Guru Spotlight
Ray Lokar