need to knoww how to setup a scholarshio fund?

Answer 1

What you must do is to contact the school of your choice and speak with the alumni center or foundation. Each school has their own minimum amount of funding for such scholarships.
Hope this answers your question
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This link gives you step by step information
http://www.memphis.edu/advance/giving/scholarship.html
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I 've included this link to provide information on how to provide a scholarship fund as an example.
http://www.memphis.edu/advance/giving/scholarship.html
Endowed Scholarships

A named endowed scholarship fund requires a minimum $30,000 contribution, which may be paid over a period of five years. Contributions are invested and a portion of the investment income is used each year to award a scholarship. Any remaining income is reinvested to continue building the account to ensure that the fund remains viable in the event of tuition increases.

Typically, no funds are awarded until the scholarship is fully endowed. The first scholarship is usually awarded one year from the date the fund is fully endowed.

Annual Scholarships

Annual scholarships are generally funded at a minimum of $1,000 for an undergraduate student or $2,500 for a graduate student. These scholarships also may be named according to the wishes of the donor.

An account is established for each annually funded scholarship to be awarded on a yearly basis. The full amount of the annual award must be paid on June 30 of each year in order to be budgeted for the following year.

For more information contact the University of Memphis Foundation, Alumni Center, Memphis, TN, 38152 901/678-2586.

Answer 2

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