Answer
Each of the 6 schools will receive $\frac{7}{48}$ of the amount raised.
Work Step by Step
$\frac{7}{8}$ of the amount raised will be divided among 6 schools
$\frac{7}{8} \div 6$ = $\frac{7}{8} \times \frac{1}{6}$ = $\frac{7}{48}$
Check
$\frac{7}{48} \times 6$ = $\frac{42}{48}$ = $\frac{7}{8}$