Creating a Memorial Through a Scholarship
[Question] My family would like to establish an engineering scholarship in memory of my late uncle, who was an engineer and a veteran of World War II. How do we set up a scholarship, and how much do we need to contribute?
[Answer]You can set up a scholarship directly with a college or through a charitable organization, such as a community foundation. Either can award the scholarship to students who meet general criteria you specify, such as local engineering students. You'll generally need to contribute at least $25,000 or $50,000 to set up an endowed scholarship, which will
