Anual Report -- Why was outside funding accepted?

[WhatIsThis]

So, if I've received a scholarship from my school that's been active since freshman year, how do I explain why I accepted it?

[kbl2017]

So, if I've received a scholarship from my school that's been active since freshman year, how do I explain why I accepted it?

I mean I would just say because it was offered with admissions? Or something super simple. I think explaining it is more important if it's a research grant or something.