How to Start a 
Scholarship Fund

There are no platform fees to create or donate to a scholarship on Bold.org—100% of your donation goes directly to the scholarship you choose.

Nope! When you launch a scholarship on Bold.org, it’s automatically hosted through the Bold Foundation—a registered 501(c)(3) public charity. The Foundation has worked with Bold.org to design a fully managed, legally compliant, and tax-deductible scholarship process. That means no legal legwork, no nonprofit setup—we handle everything from applications to fund disbursement so you can focus on making an impact.

Yes! The Bold Foundation is a registered 501(c)(3) nonprofit, so all donations are fully tax-deductible and go directly toward funding scholarships. You’ll automatically receive a tax receipt as soon as your donation is processed.

We’ve got it covered! All scholarships on Bold.org are administered through the Bold Foundation, a registered 501(c)(3) in good standing with the IRS. We follow strict compliance procedures so your scholarship meets all IRS guidelines. You focus on supporting students—we’ll handle the legal and regulatory details.

Yes! You can create a dedicated crowdfunding page on Bold.org to rally support from your network. Every donation made through your page is tax-deductible, and donors automatically receive a tax receipt—no extra work needed.

Funds ready to be awarded are held in cash, while future scholarships are securely invested in U.S. Treasury bills. This helps us operate with zero fees—so 100% of your donation goes directly to students.

Funding upfront ensures every scholarship is fully backed before students apply. This guarantees that the award will be available to recipients—no uncertainty, just impact.

100% of every donation goes directly to scholarships—never to overhead or fees. Scholarship awards are strictly used for educational purposes. Students can use the funds for tuition, required fees, textbooks, school supplies, transportation or housing (if necessary for their education), or to pay down student loans. Every recipient signs a grant agreement confirming that the funds will be used for eligible educational expenses.

A fund is used to collect and grow donations before a specific scholarship is launched, and it can help sustain a scholarship over time. A scholarship is the actual financial award given to a student to support their education.

You have the flexibility to define criteria that align with your values and goals—like location, field of study, graduation year, and more. When you create a scholarship on Bold.org, you’ll be matched with a dedicated Donor Relations Manager to help shape your criteria and bring your vision to life.