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Individuals, corporations, professional organizations, and other groups can set easily up scholarship funds with the assistance of a community foundation.
Community foundations can handle scholarship funds that are established as a result of a bequest, as well as funds donated by individuals, corporations, and other groups.
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When thinking about starting a scholarship program of your own, one of the best resources for providing you information regarding how to start a scholarship fund is your local community foundation.Most metropolitan areas have a community foundation, which is an organization that both provides grant funding to charitable organizations and assists citizens who wish to contribute to or establish charitable funds.