I apologise - I'm posting here for traffic!
I have a working class background and I was fortunate to go to a highly-ranked university to study science after winning a scholarship.
I'm now, very fortunately, in a position to 'pay it back', and I'd like to set up a private scholarship in memory of my Grandmother to help a young woman to study a STEM subject at any university. I don't want to donate to existing university funds administered by my alma mater, for various reasons.
I have no idea how to go about setting this up - or what, if any, legal/financial (e.g. tax) obligations I would have? I've had a good old Google but I can't seem to find anything relevant.
Can anyone here help? 