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Hi from just answer. I'm PDtax, and will assist.
If you find scholarships through an institution, it is likely you can deduct payments made directly to the institution. Most are qualified to accept tax deductible gifts like yours.
If you want autonomy over the funds, you will need a foundation or tax exempt entity to accept your money.
Thanks for asking at just answer. Positive feedback is appreciated. I'm PDtax.
One follow up: your foundation will be a 501(C)(3) entity.