noun
scholarship society; educational foundation; honor society
An organization that provides financial support or recognition for students, often through scholarships or awards. Can refer to specific named foundations like 日本育英会.
彼は育英会の奨学金で大学に通った。
He attended university on a scholarship from the educational foundation.
奨学金 is the scholarship money itself, while 育英会 is the organization that provides it.
Compound of 育 (いく, 'nurture') + 英 (えい, 'excellent person') + 会 (かい, 'association'). The exact historical derivation is uncertain, but the spelling conventionally conveys an association for nurturing talented individuals.