Legal Question in Tax Law in Washington

Re: establish a scholarship

It depends on what you are wanting to accomplish.

Your local schools and/or community foundation may already have scholarship funds set up to which you can contribute and have some say in where the funds go (e.g., to low income students, minority students, etc.).

Other possibilities include making individual gifts payable directly to the instutution on behalf of the student or setting up a private foundation.

These are just the most basic options. There are more advanced planning opportunities available as well.

You should discuss this with your tax attorney.