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It is called the “Pass It On”
Clause.
Here is the normal process –
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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.
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