I created the Iseman Foundation as a way to honor the great teachers that I've had and as a way to encourage more students to take an interest in their passions. The Iseman Foundation sponsors scholarships that are structured after design competitions in order to get kids interested in building cool things. Details on the Iseman Foundation can be found on the foundations website here.
Me and my older brother Luke gave a talk about the power of the scholarships at the San Mateo Maker Faire in 2013. The full article can be found here.
If you would like to start your own scholarship please feel free to reach out to me! It is an extremely rewarding endeavour and really quite easy.