Final answer:
The Burt and Deedee McMurtry Michelson 20MM Foundation and other organizations were responsible for the establishment of the Educational Foundation. The exact amount of money given out in scholarships each year to undergraduates is not provided, but significant funding is likely provided by these organizations.
Step-by-step explanation:
The Burt and Deedee McMurtry Michelson 20MM Foundation, along with other organizations such as the National Science Foundation, The Open Society Foundations, Jumee Yhu and David E. Park III, and Brian D. Patterson USA-International Foundation, were involved in the establishment of the Educational Foundation.
As for the amount of money given out each year in scholarships to undergraduates, the specific figure is not provided in the given information. However, it can be assumed that these organizations contribute a significant amount of funding in scholarships to support undergraduate education.