Charitable Trust Scholarship _best_ -

A charitable trust is a legal entity established to manage assets for a specific charitable purpose—such as providing scholarships for students. The person who establishes the trust (the settlor or trustor) transfers ownership of assets to a trustee, who is then legally obligated to manage and distribute these funds strictly according to the trust's terms.

The donor may require applicants to live in a specific zip code, county, or state. charitable trust scholarship