Question: how much money do you need to start a scholarship fund?
Answer: FUND MINIMUMS AND DONOR OPTIONS A. Separately identified scholarship Funds can be established with gifts totaling $15,000 or more. A $15,000 fund will provide a $500 annual award, $25,000 will provide a $1,000 annual award, $50,000 will provide a $2,000 annual award, and $100,000 will provide a $4,500 annual award.