We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What Is a Scholarship Trust Fund?

Malcolm Tatum
Updated May 16, 2024
Our promise to you
SmartCapitalMind is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At SmartCapitalMind, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

A scholarship trust fund is a type of charitable trust fund that provides qualified applicants with financial support while seeking a college degree or some type of vocational training. An educational trust fund of this type may be structured to provide assistance to individuals coming from families within a certain income bracket, students of a specific ethnic or religious background, or to support students who wish to enter a job field that is highly specialized. Funds of this type must follow basic governmental regulations that are established in the country where the fund is located. In addition, a scholarship trust fund must provide financial information about the fund and its activities to a board or directors or other governing body on a regular basis, as well as making that data available to the appropriate government agency. Individuals are also able to start a scholarship fund based on their choosing; whether it's a memorial schoalrship fund or something specific, like a mental health scholarship.

The typical scholarship trust fund is established with specific bylaws that comply with standards set by governmental agencies. An administrator or manager for the fund is normally appointed, and is accountable to a board of directors. This administrator is responsible for evaluating applications for assistance and determining which are approved and which are rejected. Depending on the structure of the fund, the administrator may also be responsible for managing any fund investments in a manner that results in a continual flow of revenue into the fund, allowing it to provide scholarships from one year to the next.

One of the more common incarnations of the scholarship trust fund is known as the hardship fund. This type of trust is established to help students obtain a higher education by providing a scholarship to cover tuition and fees at an approved college or university. Typically, the student must be able to demonstrate that he or she cannot afford to cover those costs in order to receive a scholarship. Many hardship funds also require that applicants maintain a certain grade point average in order to continue receiving financial support, as well as be enrolled in enough classes to be considered a full-time student.

Although most scholarship funds are for high school seniors or college students, there are also scholarships for high school juniors. A scholarship trust fund for high school juniors is usually intended to go towards post-secondary education, but other trust funds are designed to help students pay for the expenses of a private high school. Applications for scholarship trust funds for high school juniors may also coincide with the SATs season since students often take the SATS at the end of their junior year.

There are also scholarship trust funds organized to aid racial or religious minorities. In these instances, the ethnicity or the religious affiliation of the candidate provides the basis for the extension of the scholarship. Specialty scholarship trust may provide assistance in other situations, such as providing single parents with the resources to obtain a degree and increase their ability to support their children. There are also educational trust funds aimed at assisting people with disabilities to pursue a university degree or obtain vocational training that allows them to be self-sufficient. The assistance offered by any scholarship trust fund may be structured to match grants or scholarships from other organizations, up to a certain figure, or provide the sole means of supporting the student in the pursuit of his or her education.

When applying for assistance from a scholarship trust fund, students are generally encouraged to determine which months out of the calendar year the fund actively accepts applications, and submit the request early within that time frame. This is especially important for smaller funds that have limited resources. Submitting early increases the chances of early review and possibly being awarded the scholarship before the available funds are committed to other applicants.

Establishing a scholarship trust fund can be a powerful way to invest in the future of students and make a lasting impact on education. By understanding the steps involved in how to start a scholarship fund, individuals or organizations can create opportunities for deserving candidates to pursue their academic goals without the burden of financial constraints. This form of philanthropy not only benefits recipients but also contributes to the broader community by fostering access to education and empowering the next generation of leaders and innovators.

SmartCapitalMind is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Malcolm Tatum
By Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing to become a full-time freelance writer. He has contributed articles to a variety of print and online publications, including SmartCapitalMind, and his work has also been featured in poetry collections, devotional anthologies, and newspapers. When not writing, Malcolm enjoys collecting vinyl records, following minor league baseball, and cycling.
Discussion Comments
Malcolm Tatum
Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing...
Learn more
SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.

SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.