Setting up a scholarship fund in the midst of a tragic death
I know those of you who offer scholarship funds have encountered this before.... A family loses a child in a tragic death and wants to set up a scholarship fund A.S.A.P. because they want to direct memorial gifts to that fund. Putting aside the issue of whether or not they will raise enough in memorial gifts to establish a fund, there's a lot of decisions to make in setting up a fund (notably around criteria and selection process) and families are not thinking very clearly in this moment of trauma. My question to you is this: Do you have some sort of "fast track" or "interim" agreement that you use in situations like this? Is there some document that helps guide the creation of a fund that allows for the immediate establishment of the fund, but allows you to postpone some logistics/details until later, perhaps after the funeral?
Thanks in advance for your consideration of this request!