Just give it away..... without making the recipients jump through hoops or "prove" themselves.
If I had money like, say, Warren Buffet, I would just give it away. They wouldn't have to apply or write a grant request or an essay or a business proposal or whatever else wealthy folks require. He probably could have solved the issue of world hunger by now or saved a village of sickly diseased children.
They certainly aren't spending the money on themselves or their family. (http://www.zimbio.com/pictures/kwze6...Buffett+s+Home) so they have it to give away. I don't understand or admire rich people like this. They must live in their own head.