donate money and put my name on something: a college scholarship, a bench in the park

To a second year MBA student (immigrant or first generation American) majoring in international business who demonstrates financial need, academic excellence and past leadership ability in the field of international business

Call Alumni dept of my grad school and started the conversation on a scholarship. Looks like need at least 50K in endowment which will give $2K in a scholarship money a year. The 50K is never touched…the money given away is all interest. I need to decide on:
- name of scholarship
- amount to be given
- criteria for choice of student