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I can't say that I've ever offered my own grant. And I know absolutely nothing about the process, so take everything I'm about to say with a big grain of salt:
To set up a grant, I believe you'd probably need to get through some governmental red tape.
I also think you need to have an application process whereby others can apply for your grant.
You'll have to have a selection process.
Finally, you get to give away the grant money.
Again, I know nothing about it, but on the surface, for the money we're talking about, it would seem a nice donation would work as well. And that can still be spun into good PR.
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