The term FINANCE, AS A SCHOLARSHIP can be summarized as endowing a scholarship with financial resources. Endowing a scholarship is the act of providing a sum of money to a school or organization to fund a scholarship program. This money is then used to provide financial aid to students who are in need of assistance to pay for their education. Endowing a scholarship is a great way to give back to the community and help those who may not have the means to pursue higher education.