The Scholarship Foundation provides educational scholarships to deserving and outstanding students who are citizens of the United States and have been residents of Tarrant County for not less than three years. The scholarships are awarded to students who are working toward a bachelor’s degree, have completed 12 hours of academic work with at least a 3.0 grade average, and are enrolled in Texas Christian University, Tarrant County College, or Texas Wesleyan University.  

All donations received by The Foundation are tax-deductible under the 501(c)(3) designation of the Internal Revenue Service. To date, the Scholarship Foundation has awarded 637 scholarships for a total of $612,861. This year, 17 scholarships totalling $17,500 were awarded.​​​