The Alumni Association's scholarship endowment, established in 2005, supports three equal scholarships each year. The scholarships are awarded to currently enrolled students who are not already receiving freshman recruiting scholarships, with preference given based on academic performance and financial need. The scholarship may be renewed based on continued superior academic performance and financial need.

One of the scholarships supports educational diversity, consistent with the university's mission and admissions policy. It is awarded with particular attention to, but not limited to, African Americans or other underrepresented groups. Scholarships are awarded by the Office of Student Financial Aid.

To donate to the Alumni Association Scholarship Endowment, please visit giveto.osu.edu.