Quote:
Originally Posted by LIforrelaxin
The question here is whether or not enough money can be or is generated to really set up a sustainable scholarship. Even if it is only for a couple of hundred dollars to help with the purchase of books. It takes a lot of money to get the scholarship going and self sustaining. Although certainly is not a bad idea.
I just wouldn't want to see a scholarship found set up, that couldn't sustain itself and failed.
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I'm not looking to establish a trust fund, which is what you're suggesting. Those are set up in a way that makes them come under a certain type of tax shelter and it's generally revenue from the interest that goes into the check for the actual scholarship.
I'm seeing where a lot - and I mean a lot - of scholarships are drying up. Even just a $500 fund to a student in need can make all the difference. Even if it's just something we do once, it will make a difference in someone's life. Perhaps it could cause them to turn around to make a difference for someone else - pay it forward.