Short Essay on High School Scholarship Program

Hello all,
Please help me edit this short essay that I am trying to write.
Thanks a lot.
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I have fifty thousand dollars to donate to a non profit organization. And my choice is my alma mater, my high school. I studied there for five years. During those five years, I met many brilliant students who came from low income family. They could not afford to pay for the tuition fees and the text books. Nor could they afford other school needs. As a result, many of them could not continue till graduation.

Over the years I have saved this money to help students who cannot afford to pay for their education. Therefore, I want to open a scholarship program in my high school. This scholarship will provide monthly allowance to the needy students who will maintain excellent academic and extra-curricular performance. I believe, this initiative will not only decrease the number of droputs in my high school, but also set a positive example of giving back to community.

Wow!! Its good to have people like you in the community.
This is like a speech,so it should follow speech writing procedure. You would also want to let them know who you are and what you are doing right now.Also show them briefly how your spell there helped and shaped you to be who you are now ; Say something to inspire and motivate them.If you have had any challenging situation there,show them how you leaped it.Name them the scholarship e.g xxxxx foundation.You can also invite more stakeholders onto helping your school as part of your speech.(If this would be done in an anniversary or whatsoever school ceremony,it would be great to invite parents and others onto supporting students life there)

Then you can conclude.. (You wouldnt also want to forget either your school motto or song just to bring a little humour when starting )
Please,do check Speech writing format.

I wish I had 50 grand, Charz. However, I will do this in future. Right now i am trying to write a short essay on the topic.

This is not a speech.

Thanks for your feedback.

Okay..!! I thought you have them.Well Its my hope you gone get them and you are welcome.

That's funny... yeah, when you have big success with a brilliant online business, you'll have 50K to donate.

Number agreement:
...met many brilliant students who came from low-income families.

Make this one sentence: They could not afford to pay for the tuition fees and the text books, nor could they afford other ...

I believe that this initiative will not only decrease the number of dropouts in my high school but also set a positive example of giving back to community.