Hi Tanmeet, yes, thanks for asking the question. I am using the Bold Foundation for this round of scholarships, because they are a grant-giving nonprofit, which allows all the money to go to the scholarship recipient tax-free.
(Next year, I think I will not use them, since it's an additional application hurdle. But that will mean next yea…
Hi Tanmeet, yes, thanks for asking the question. I am using the Bold Foundation for this round of scholarships, because they are a grant-giving nonprofit, which allows all the money to go to the scholarship recipient tax-free.
(Next year, I think I will not use them, since it's an additional application hurdle. But that will mean next year's scholarships will be less money, to allow me to give them as an individual (since I'm not set up as a nonprofit), and so the recipients don't have to pay taxes on the award money).
Anyway, yes! If you would like to apply for the $1,000 scholarships this year, you set up an account with Bold and then it will take you through the application process. I hope that helps!
Hi Tanmeet, yes, thanks for asking the question. I am using the Bold Foundation for this round of scholarships, because they are a grant-giving nonprofit, which allows all the money to go to the scholarship recipient tax-free.
(Next year, I think I will not use them, since it's an additional application hurdle. But that will mean next year's scholarships will be less money, to allow me to give them as an individual (since I'm not set up as a nonprofit), and so the recipients don't have to pay taxes on the award money).
Anyway, yes! If you would like to apply for the $1,000 scholarships this year, you set up an account with Bold and then it will take you through the application process. I hope that helps!
THANKS for the info!