It is called the “Pass It On” Clause.
Here is the normal process –
You decide to grant a scholarship. You identify a favorite non-profit academic or other institution to work with.
You might first draw up a grant letter that outlines the amount, criteria for selection and other parameters of the scholarship. You might then work with your favorite organization to make your scholarship a reality.
We think it is a nice idea to include something like this “Pass It On” clause in your documentation. Here it is. You can find a pdf version here.