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The phrase "established a scholarship" is correct and usable in written English.
You could use this phrase when referring to the act of creating a scholarship fund. For example: "The organization established a scholarship program to help students from low-income households."
Exact(39)
Bernstein also helped established a scholarship at the music school.
In 1988, he generously established a scholarship fund to aid Buckley's commitment to diversity.
The Coalition for Hemophilia B has established a scholarship fund in Bill's name.
The private Tesseract School (tuition: $19,000 a year), established a scholarship just for refugees.
From 1995 to 2000, she lived in South Africa, where she established a scholarship fund for gifted students.
In 2014, Longwood University expressed "profound regret" for supporting segregation during the school closures, and established a scholarship.
Similar(21)
I supported my community college through establishing a scholarship in my parent's name; it is the Robert and Shirley Dietlin Scholarship.
A young man, who was also white, recommended establishing a scholarship for black men to attend the local police academy.
The U.S. offer to build a memorial and establish a scholarship fund was rejected by the victims' families.
"It'll restore our spent endowment and establishes a scholarship fund for families that need tuition aid," Ms. Campbell said.
In his honor we will establish a scholarship to continue his interest in helping young social workers attend our conference.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com