; and (B) in subparagraph (L) by striking outreach and all that follows through education and inserting outreach and recruitment activities and programs that encourage American Indian and Alaska Native elementary school students, secondary school students, and adults to develop the academic skills and the interest to pursue and succeed in postsecondary education ; and (2) in paragraph (3)— (A) in subparagraph (B)— (i) by striking matching funds and inserting matching funds (which may include gifts to the endowment fund restricted for a specific purpose) ; and (ii) by striking equal to the Federal funds and inserting equal to 50 percent of the Federal funds ; and (B) by inserting after subparagraph (C) the following: (D) Scholarships An eligible institution that uses grant funds provided under this section 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. . (c) Elimination of pre-Approval requirement; use of unexpended funds Section 316(d) of the Higher Education Act of 1965 ( 20 U.S.C. 1059c(d) ) is amended— (1) by striking paragraph (1); (2) by redesignating paragraphs (2) through (4) as paragraphs (1) through (3), respectively