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How to Start a Scholarship Fund to Honor a Loved One Step 1: Define Your Vision and Goals. Step 2: Legal Framework and Structure. Step 3: Funding Your Scholarship. Step 4: Establish Criteria and Application Process. Step 5: Promote the Scholarship. Step 6: Review Applications and Select Recipients.
Students who wish to compete for the Hays Scholarship must:- be a senior in high school; - achieve at least a 3.6 GPA in high school college preparatory classes; and - score a minimum ACT super score composite of 32 or a minimum SAT Critical Reading and Math combined super score of 1430 (Statement on Comparing ACT
Starting a scholarship fund doesnt need to be expensive. You can begin with just $500. While some big scholarships might need a lot more, many options are affordable. You can also use services that help manage scholarships, and some dont charge for their services.
For awards that are merit-based, you could be asked to provide proof of GPA, SAT/ACT scores, academic rigor, or other test results. Extracurricular activities. There are scholarships that require you to be part of certain clubs, participate in extracurriculars, or volunteer.
Scholarship Description Applicant must show active involvement in community service in the twelve months prior to application, demonstrate financial need, and have a minimum cumulative grade point average of 3.0 on a 4.0 scale.

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To start a memorial scholarship fund, you need to decide who you want to help and choose a scholarship management service to help you set up the fund. You can then fund the scholarship, accept qualified applicants, and award the scholarship to a student who fits the criteria to help pay for their educational costs.

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