The SET Educational Fund

Mission: “The SET Educational Fund provides an annual scholarship to financially-needy individuals that have excelled scholastically while volunteering their time to help others.” How It Works: The SET Fund gives away 5-percent of its liquid assets every year with the hope that the base amount will grow annually between investments and donations. We have given away nearly $80,000 to date.Requirements of applicants:- Demonstrates financial need- Provides history of community service- Proves residency in Michigan and going to a Michigan university/collegeApplication: Available on the scholarship providor's website

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Award Amount: $5,000
Competitive: Yes
Essay required: Yes