That's the best way to do it. Otherwise all the money will go to the rich brat children of politicians/etc who are socially connected to whoever they put on the selection committees.
Rich parents are masters of helping their children exploit the system in as many of the thousands of ways that exist. A few hundred here, another hundred there, maybe some one-off thousands here.
In most of the world, rich people are rich because they are good at exploiting government funds. It's a lifestyle.
