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Jun 21,  · For example, donors can decide to use a portion of an endowment's scheduled income on a merit-based or need-based scholarship. Another standard restrictive use of an endowment's income is to.

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Aug 24,  · Setting up a scholarship is not terribly difficult, and there are a few general guidelines with which we can provide you, but you may need to consult an attorney, an accountant, or maybe both, for setting up the actual "foundation" that will offer the scholarship itself. Here are some tips to get you started.