I'm working with a nonprofit's foundation to find a system to manage the foundation and its scholarships. Is anyone using CiviCRM and any extensions for this purpose? Thanks.
Without information from you this answer is just waving in the dark but here goes.
Assuming a Scholarship involves
- an application
- a review/decision
- a notification of outcome
- for succesful, a one-off or series of payments
- perhaps a report at the end
Then I would approach this by using CiviCase and a bunch of custom Activity Types.
In an iDrupal world I would then provide the user with forms using webform_civicrm to open and update the status of the Case while also creating or updating the relevant Activities.
I would probably also provide a Drupal View of current applicants so admins can easily click through to a prefilled Webform and make the relevant updates.
Webform can also take care of pushing out the success/failure notifications, or that could be triggered via CiviRules or directly via an Activity to let applicants know the outcome.