; and (B) by striking equal to or greater than and inserting equal to 50 percent of ; and (2) by inserting after paragraph (3) the following: (4) Scholarships An eligible institution that uses grant funds provided under this title to establish or increase an endowment fund may use the interest proceeds from such endowment to provide scholarships to students for the purposes of attending such institution. . 5002. Promoting postbaccalaureate opportunities for Hispanic Americans (a) Program authority Section 512 of the Higher Education Act of 1965 ( 20 U.S.C. 1102a ) is amended by adding at the end the following: (c) Minimum grants awarded Of the funds appropriated to carry out this part for a fiscal year, the Secretary— (1) shall— (A) use not less than 1/3 of such funds to award grants to carry out the activities described in section 513(b); and (B) use not less than 1/3 of such funds to award grants to carry out the activities described in section 513(c); and (2) may use any funds remaining (after using the funds in accordance with paragraph (1)) to award grants to carry out activities described in subsection (b) or (c) of section 513. . (b) Authorized activities Section 513 of the Higher Education Act of 1965 ( 20 U.S.C. 1102b ) is amended to read as follows: 513. Authorized activities (a) Requirements (1) In general Grants awarded under this part shall be used for— (A) one or more of the activities described in subsection (b)