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  • Sample Scholarship Fund Agreement - Akroncf.org

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AGREEMENT TO ESTABLISH A SCHOLARSHIP FUND THIS AGREEMENT is made and entered this day of , 20 by and between Akron Community Foundation (Foundation), a corporation organized under the nonprofit corporation.

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Basics of Starting a Scholarship Fund Figure Out Your Budget. ... Find Out Who You Want to Help. ... Choose Your Scholarship Eligibility Criteria. ... Complete Necessary Paperwork. ... Set Up a Scholarship. ... Advertise Your Scholarship. ... Choose the Winners. ... A Bold Benefit.

Generally, you report any portion of a scholarship, a fellowship grant, or other grant that you must include in gross income as follows: If filing Form 1040 or Form 1040-SR, include the taxable portion in the total amount reported on Line 1a of your tax return.

The minimum amount required to open an endowed scholarship varies, but you'll typically need a minimum of $50,000 to get started. From there, you can add more funds to the scholarship fund as you see fit.

Here are the first steps to start a scholarship program: Consider your values, goals, and intentions. Define your scholarship criteria. Create an application form. Collect applications. Evaluate applicants. Give out the scholarships. Make the process repeatable.

The best route for most people is to work with a reputable scholarship management organization. They can help you set up a scholarship that meets the IRS's requirements, collect donations, find deserving students, review applications, and award the grant.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232