A closer look A Donor’s Guide to Supporting Scholarships

Caroline W. Hodkinson

Sep 25, 2019

In Brief

  • Education accounts for a substantial share of all charitable giving in the U.S. each year. Last year, for instance, of the almost $428 billion given to charity, $58.7 billion, or roughly 14%, went to supporting education — making it the second-largest area of giving behind religion.
  • While charitable support for education can take many forms — support for policy initiatives, school programs and/or infrastructure, and teacher development programs, to name a few — much of it centers on giving for scholarships and financial aid. This is particularly true for Bessemer clients.
  • Supporting scholarships can be fairly straightforward, but the many options — and the many rules and regulations regarding what’s permitted (and what’s not) — can cloud donor decision-making. In this A Closer Look, we outline the various approaches to providing scholarships, the decisions that need to be made, and the pitfalls to be avoided.

If you would like to read more of this article, please download the PDF via the link above.

Caroline Hodkinson
Director of Philanthropic Advisory
Caroline leads a team that works with clients in the areas of planning, grantmaking, governance, and family engagement, to create meaningful philanthropic impact.