Start Your Own Scholarship [PDF]

Tips for Starting Your Own Scholarship (Not through CKSF) Starting your own scholarship will be exciting and rewarding f

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Home About • About Home • History • Other Initiatives • CKSF Administration • Media • FAQ • Contact • Partners • Organizations • Start a Scholarship Scholarships • Scholarships Home • Scholarship Calendar • Rules & Regulations • FAQ • Results • Winners Students & Parents • Students & Parents Home • Winners • Scholarships • Rules & Regulations • Register • Scholarship Calendar • FAQ Results Register

PARTNERS Common Knowledge Scholarship Foundation welcomes partnerships with organizations and individuals who are interested in creating educational and scholarship opportunities for students of all ages.

Start Your Own Scholarship Fund a CKSF Scholarship If you would like to help fund a current CKSF scholarship competition or would like to create your own scholarship quiz, we are interested in working with you. The process is very simple and we will do the hard work for you. CKSF will help you plan, promote, administer, and award your scholarship. Our fees depend on the number and amounts of scholarships being awarded and the number of students who participate. After the scholarship ends, CKSF provides a final report detailing the participation rates and outcomes of the competition. Click here to view a list of organizations that have used CKSF to administer scholarships on their behalf. If you are interested in starting a scholarship quiz or sponsoring a current CKSF scholarship, please contact Daryl Hulce. Tips for Starting Your Own Scholarship (Not through CKSF) Starting your own scholarship will be exciting and rewarding for you and your recipient. The process can be fairly easy if you follow a few main guidelines. In planning your scholarship - you should be able to very specifically answer the following questions: Who - Who may apply for this scholarship? Who is eligible? Specific answers might be: high school seniors at Central High School female high school seniors that have documented 100 hours of community service What - What must the person do to apply? Very specifically put this in writing to avoid confusion and unnecessary questions. Application instructions, essay questions, and submission requirements should be written out in detail. For example: "Submit a typed double spaced essay of at least 500 words but not more than 750 words on how you plan to help stop global warming." Be specific if you want it via mail, email, or hand delivered. Whatever you state, stick with it as a requirement of the program, it will save you headaches later. When - When is the application due? Put this date in writing and do not waiver from it. If you accept an application that is a day late you may well get complaints! How - How do you evaluate the applications? How do you announce the winner? With traditional scholarships this is often a very subjective point. To help simplify your process you may want to create a standard grid and check off "completed requirements" for each applicant. If your scholarship has essays, you should have a list of things you are looking for and provide a score or check as each is found in the writing. State how the winner(s) will be announced up front in clear writing. Will you send a formal letter, announce it through the winner's school, personal visit? By the way, are you going to notify the applicants that didn't win? One solution to this problem, if you have the ability to email all the applicants at once, send one email on the announcement date congratulating the winner. Use the Blind Carbon Copy Bcc feature so you are not broadcasting every applicants' email address to the world! Handling Scholarship Money First, you do not have to start a not-for-profit to create a scholarship. The easiest thing to do if you are awarding a scholarship to a high school student heading to college is to contact the school and speak with the person in charge of scholarships. Most high schools have a fund you can donate the money to with instructions on how you want your scholarship named and awarded. This is almost always tax deductible and you should get a letter from the school for tax purposes. Another way to handle scholarship payout is to make your payment directly to the college or university your winner is attending. You can make your check payable to the school for deposit into the student's account once he or she is registered for classes. You can also request a letter or receipt from the school. Note of Warning There are laws about awarding scholarships. The most important deals with who can win your scholarship. For example, you cannot create a scholarship in which your family member is guaranteed to win. Generally, ensure that recipients are selected in an objective and non-discriminatory basis. Those responsible for selecting scholarship recipients must not be in the position to derive an economic benefit-directly or indirectly-from the scholarship process, and relatives of applicants should not serve on selection committees. Relatives of donors are ineligible to receive scholarship grants from a donor-established scholarship funds.

CKSF Administration FTC Policy Privacy Policy Scholarships Results Winners Login Register Rules & Regulations Students & Parents Educators Contact Advertise with us Demo Video Start Your Own Scholarship CKSF Store Common Knowledge Scholarship Foundation, Inc. P.O. Box 290361 Davie Fl, 33329-0361. © 2017 Common Knowledge Scholarship Foundation, Inc. All rights reserved. The Common Knowledge Scholarship Foundation, Inc. is a public nonprofit 501(c)(3) organization developed at Nova Southeastern University In 2001 and is a member of the National Scholarship Providers Association (NSPA). Home Scholarships Results Login Register Rules & Regulations Contact Common Knowledge Scholarship Foundation, Inc. P.O. Box 290361 Davie Fl, 33329-0361. © 2017 Common Knowledge Scholarship Foundation, Inc. All rights reserved. The Common Knowledge Scholarship Foundation, Inc. is a public nonprofit 501(c)(3) organization developed at Nova Southeastern University In 2001 and is a member of the National Scholarship Providers Association (NSPA).

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