I know when my mother passed there was two funds set up for her. One was the *** ***** Hand Bell players for the church and then a *** ***** collage scholarship fund for young golfers. That still after 20 some years is still going strong, every year I get my info on the student's picked.
(***'s notes my mother name, I felt it was better that no one realizes who she was)

So I can see a fund for collage, but I can see you thinking to it too. In my mothers case is was to benefit those that would not have the opportunity to go to collage without some help. This is a different kind of request then most you hear of. But like Karen said the circumstance might be more then what the outside appearances look like and this is something they truly need help with.