It sure is his money; but that's not the point you big doofus. If Bill Gates had a scholarship that specifically excluded blacks, do you think everyone would be saying "b-b-but it's his money and he can do what he wants..." No, he'd be branded as a racist for the rest of his life. So why exclude whitey, Mr. Gates?
Bush’s fault.
So it is.
And if he had chosen to restrict qualifications to WASPs, that would be his privilege.
Of course, it would also be our right to trash him for doing so, just as we are now doing. (At any rate, I think at least five of the Supremes would agree.)