George R.R. Martin announced on April 26, 2017 that he will fund a horror-writing scholarship for the Odyssey Writing Workshop, held every summer at Saint Anselm College in Manchester NH. The “Miskatonic Scholarship” will be awarded once a year to a writer of Lovecraftian fiction and will cover tuition, fees, and lodging. Winners will be selected “solely on the basis of their story samples” by a panel of three judges. The first Miskatonic Scholarship will be given in 2018.
For more information, see Martin’s LiveJournal post.