How do scholarships not run out of money?

Question

There are scholarships at my University that have been around for a few decades. Do people top them up constantly?

In: Economics

Answer 1

Some get topped up, some are so big that they can run on their interest…

…and some do have a limited lifetime. A donor’s estate might give you $20,000 and ask you to give it out, and so you use one or two thousand a year until it’s all gone. (Source: My wife worked in a school’s fundraising department.)