"The Bitcoin Scholars Fund officially launched on April 15, 2026, as a 501(c)(3) Scholarship Granting Organization operating under the One Big Beautiful Bill Act, which created a tax credit scholarship program for K-12 education. This program allows individual donors to contribute up to $1,700 annually and receive a 100% dollar-for-dollar nonrefundable federal tax credit, making contributions effectively cost-free."
"Under federal regulations, Scholarship Granting Organizations must direct at least 90% of donations to scholarships. The Bitcoin Scholars Fund is targeting near-100% efficiency in its operations, ensuring that the majority of funds raised will directly support K-12 students in bitcoin and financial literacy education."
Bitcoin Scholars Fund launched on April 15, 2026, as a nonprofit to redirect $21 million in federal tax dollars into bitcoin and financial literacy education for K-12 students by 2027. The fund operates under the One Big Beautiful Bill Act, allowing donors to receive a 100% federal tax credit on contributions. Scholarship operations will begin on January 3, 2027, with a focus on supporting eligible students attending private or participating schools. The fund aims for near-100% efficiency in directing donations to scholarships.
Read at news.bitcoin.com
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