I agree with those who are thinking outside the box. What about working with a particular college and creating a scholarship for Pell-eligible kids that does something specific?
The Georgetown Scholarship Program gives free bedding to its scholars. I know that sounds like not a big deal to those who can afford it to buy it and ship it, but it’s a huge relief to those on a shoestring. Perhaps a scholarship that buys the first semester of books for some number of kids. That kind of upfront expense is the kind that’s a killer for low-income families. Or a fund that provides $xxx to graduating college seniors for interview attire? Laptops for low-income kids?