- The Avon Grove Scholarship Foundation was founded in 1984 as a non-profit, charitable organization to raise money toward a trust fund from which income will be distributed annually for scholarships to
- A board of directors consisting of volunteers from the community runs the Foundation. The Foundation is incorporated, is audited yearly, and files yearly returns with the IRS and the State of
- The Finance Committee is responsible for seeing that the Fund earns the greatest possible return. They report quarterly to the other members of the board.
- The Foundation awards $1000 scholarships each year. The money comes from the annual earnings, which determines the number of scholarships awarded each year. The first scholarships were awarded in 1985 and as of 2014, $626,000 in “Fund a Future” scholarships have been awarded. The Elizabeth B. Faris Memorial Scholarships are also given through the foundation. These scholarships are sometimes more substantial then the Fund a Future Scholarships and are awarded based on specific criteria at the benefactor's bequest. As of 2014, $459,500 has been awarded.
- Scholarships are awarded in the following areas:
Business, Communications and the Arts, Education, Professional Services, Science, Two years or less of post secondary education, and Undeclared.
- A scholarship is given to the top female and male student and at least one scholarship in each area of study. Named scholarships are awarded based on the criteria specified by the benefactor. Additional scholarships are awarded proportionately to the number of applicants in each area. With increased support and, therefore, revenue, the board would hope to give additional scholarships in the future.
- The Guidance Department is responsible for selecting the recipients based on a process and criteria established by the board of directors of the Avon Grove Scholarship Foundation.
- The students are selected on the basis of scholarship, leadership, and financial need. The emphasis is on financial need.