How to Start a Scholarship Fund

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Have you ever wondered how to start a scholarship fund? If done correctly, creating a scholarship can be very straightforward. Read below to learn more.

7 Steps for Starting a Scholarship Fund

  1. Create your free donor account
  2. Make a scholarship proposal
  3. Finalize the details
  4. Review the scholarship draft
  5. Fund the scholarship
  6. Review your applications
  7. Choose your finalists and winner(s)

Click here to read common frequently asked questions regarding setting up a scholarship fund.


Creating a scholarship can feel daunting. Do you set it up yourself or use a scholarship management service? With so many different options available to you, starting your first scholarship may feel impossible. Luckily, Bold.org is specifically designed to make starting a scholarship as easy as possible. Follow the steps below to quickly and painlessly set up your first scholarship.

Step 1: Create Your Donor Account

The first step in the process is to create a donor account. Creating a donor account is completely free and will allow you to create and fund scholarship proposals. You have the option of adding a profile picture as well as a mission statement to give applicants a sense of who you are and what inspired you to create a scholarship.

Click here to create your free donor account today!

Step 2: Make a Scholarship Proposal

Once you have set up your account, you'll be prompted to submit your first proposal. You'll have the opportunity to edit this information later, but your proposal will give our donor team an idea of what you're hoping to accomplish and who you're trying to help with this scholarship.

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In your proposal, you can establish a title idea, selection criteria, number of winners, scholarship amount, deadlines, and a description. Once you've submitted your proposal, a member of our donor team will schedule a call with you to go over al