Endow, as a scholarship (4)
I believe the answer is:
fund
'endow as a scholarship' is the definition.
(I've seen this in another clue)
This is the entire clue.
(Other definitions for fund that I've seen before include "Cash reserve" , "Reserve of money for future use" , "Sum of money set aside for a purpose" , "Reserve of money set aside for a purpose" , "Finance" .)