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The IRS allows you to award scholarships as long as they are nondiscriminatory and awarded based on need or merit. Talk to the principal and/or faculty members at your high school to see where the need lies. One possibility is to award the scholarship to a student planning to major in education. You should enlist a committee of two or three teachers to make the selection. That way the children, relatives, and friends of PTO members can be eligible without worrying about conflict of interest.
- Craig
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